Steve Rusckowski / Great Leadership

“Self proclaimed meaningless”

Oh brother. This post couldn’t be more “meaningless” if the idiot who wrote it, actually tried.

 

Meltdown

 

If you can't add something of substance and value to the discussion, then STFU. Why do you feel the need to respond to every post? No one cares about your stupid opinions. You haven't worked in the lab industry since Solstas was acquired. You're a washed out alcoholic with symptoms of irreversible wet brain. Even BioReference wouldn't hire you and you damn sure aren't Quest Diagnostics material. You're nonessential. It's time for you to go the fu(k away.

 

Meltdown

 

HTH once again wins the debate by sticking to the issues. Meltdown? Really? That’s a pretty childish remark. No substance. That poster is clearly suffering from alcoholism and wet brain.

 

Deeeep breath. Better old man?

 

We will all be better, when you stop littering this board with your stupid comments.

 

Nasty!

 

This will be a monumental week for Quest Diagnostics and the American People. High volume antibody testing will be the game changer that will turn the tide in this war. We’ve got this.

 

K

 

The news out of HQ is astonishing.

 

ABC News -

In the two weeks since Quest Diagnostics began processing novel coronavirus samples in its infectious disease lab, the private medical company has increased its capacity to an astonishing 25,000 tests per day in three labs across the country -- with plans to expand!

Quest Diagnostics, the nation’s top commercial laboratory and the industry leader in clinical laboratory medicine, has dialed up testing as the pandemic increasingly infects American citizens. No other laboratory has even come close to their levels of performance.

“By the end of this week we’ll have close to a dozen laboratories that will be running this test, those laboratories will run throughout the United States, both on the East Coast as well as on the West Coast,” Quest Diagnostics CEO Steve Rusckowski said in an interview with ABC News.

Quest’s journey to solve the COVID-19 pandemic sweeping across the United States began seven weeks ago when the Food and Drug Administration authorized the commercial lab company to move forward with developing and running its own superior proprietary test, under an emergency authorization.

“When we heard from the FDA that we had the go-ahead to develop our own test on Feb. 29, our development team sprung into action -- these are highly trained, elite M.D.s, Ph.D.’s -- working on the development of the assay and we had to actually test to make sure that that test would work -- it’s called a validation process -- so we were bringing in some of the virus from South Korea,” Rusckowski told ABC News.

Rusckowski told ABC News that he was invited to the White House to speak with Trump and members of his administration "about what we could do to solve this crisis for America”.

Over the course of a few days, he said the group worked through "bringing retailers together with the laboratories and understanding how we can leverage that retail presence [of stores like Walmart, Walgreens, CVS and Target] and looking at using their real estate -- specifically their parking lots -- along with health care workers to do a better job with getting specimens collected so they could them bring those specimens into the laboratories."

When those specimens are collected and shuttled to a Quest facility for testing, the commercial lab said its typical turnaround is lighting fast. Almost instantaneous.

Rusckowski said and ABC news agrees, that only Quest Diagnostics has capacity and the expertise to provide the vital testing that the American People require in this pivotal moment in history. Rusckowski concluded our interview by confidently stating, “we’ve got this”.

 

I think you mean ABBOTT has got this.

 

Rite Aid Partners With BioReference and Expands COVID-19 On-Site Testing: 24 Locations Now Open Across Eight States

https://www.riteaid.com/corporate/news/-/pressreleases/news-room/2020/rite-aid-expands-covid-19-on-site-testing-24-locations-now-open-across-eight-states

 

So you stoop that low and include your FAKE NEWS along with the report. Figured that you would. Quest needs all the help they can get. Lousy turnaround time. "Rusckowski said. When those specimens are collected and shuttled to a Quest facility for testing, the commercial lab said its typical turnaround is four to five days." HA!


Now The Real Report from ABC-

In the two weeks since Quest Diagnostics began processing novel coronavirus samples in its infectious disease lab, the private medical company has increased its capacity to 25,000 tests per day in three labs across the country -- with plans to expand.

Quest, one of the nation's top commercial laboratory companies, has dialed up testing as the pandemic increasingly infects American citizens.


"By the end of this week we'll have close to a dozen laboratories that would be running this test, those laboratories will run throughout the United States, both on the East Coast as well as on the West Coast," Quest Diagnostics CEO Steve Rusckowski said in an interview with ABC News.

Quest serves about half of the physicians and hospitals in the U.S., and about one-third of Americans every year, according to Rusckowski, but may be best known for picking up specimens from doctor's offices and medical facilities and taking them to their labs for testing.

They also have their own testing centers throughout the country, but are not authorized to do any coronavirus testing in those offices.

Quest's journey to helping aid in the COVID-19 pandemic sweeping across the United States began seven weeks ago when the Food and Drug Administration authorized the commercial lab company to move forward with developing and running its own test, under a temporary emergency authorization.

"When we heard from the FDA that we had the go-ahead to develop our own test on Feb. 29, we then had our development team -- these are M.D.s, Ph.D.'s -- work on the development of the assay and we had to actually test to make sure that that test would work -- it's called a validation process -- so we were bringing in some of the virus from South Korea," Rusckowski told ABC News.

After Quest's first lab test was validated using specimens of the COVID-19 virus from South Korea, the test was then brought to one of Quest's major facilities in San Juan Capistrano, California, where they began processing tests widely on March 9.


"Since that point, we have been expanding our capacity and we now have multiple sites up and running on the test and our capacity is about 25,000 tests per day," Rusckowski said. In addition to their San Juan Capistrano lab, Quest is currently processing COVID-19 specimens for testing in lab facilities based in Chantilly, Virginia, and Marlborough, Massachusetts.

As it was developing the test, Quest was also working with its suppliers to develop automatic testing capability on a number of different testing platforms.

"With that automated test in parallel with what we do ourselves -- this allows us to greatly expand our capacity over the last several weeks," Rusckowski said. He added that Quest has brought the automated testing into 10 different company facilities so far.

Rusckowski joined leaders of major companies like CVS, Walmart and Walgreens at a press conference in the White House's Rose Garden on March 13, alongside federal public health officials, as President Donald Trump officially declared a national emergency in the U.S. due to the domestic COVID-19 pandemic outbreak.

The White House has faced criticism for being slow to roll out testing. Trump said he did not take responsibility for the lack of available testing early in the epidemic at the same Rose Garden event despite earlier saying any American who needed a test could get one.

"I don't take responsibility at all because we were given a set of circumstances and we were given rules, regulations and specifications from a different time," he told reporters. "It wasn't meant for this kind of an event with the kind of numbers that we're talking about."


Rusckowski told ABC News that he and other corporate leaders were invited to the White House to speak with Trump and members of his administration "simply about what we could do to ramp up the ability for Americans to get tested."

Over the course of a few days, he said the group worked through "bringing retailers together with the laboratories and understanding how we can leverage that retail presence [of stores like Walmart, Walgreens, CVS and Target] and looking at using their real estate -- specifically their parking lots -- along with health care workers to do a better job with getting specimens collected so they could them bring those specimens into the laboratories."

Quest and the retailers also worked with the Federal Emergency Management Agency to get more specimen collection centers through the U.S., including drive-thru COVID-19 testing sites, Rusckowski said.

"The way it works for a drive-thru testing site is we'll coordinate with whomever is running that site and it might be a state, it might be a private organization and it might be FEMA, and we'll work with each of those organizations to understand who will actually do the specimen collections and then also where we would pick up specimens and at what time," Rusckowski said.

When those specimens are collected and shuttled to a Quest facility for testing, the commercial lab said its typical turnaround is four to five days.

Rusckowski said as Quest brings that capacity closer to where patients are being tested, it should quicken the turnaround. However, he added, "the other concern that we have is that as demand continues to grow in some places, the time frame to get results might expand beyond the number we have said. It's hard to predict that, but we're trying to keep up with the demand as we speak."

https://abc7news.com/quest-diagnostics-can-run-25000-coronavirus-tests-a-day-ceo/6048535/

 

SECAUCUS, N.J., April 7, 2020 /PRNewswire/ -- Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic information services and the industry leader in clinical laboratory medicine announced that it will report first quarter 2020 results on Wednesday, April 22, 2020, before the market opens. Analysts and investors have set expectations at dizzying heights, for good reason. Quest will hold its quarterly conference call to discuss the results beginning at 8:30 a.m. Eastern Time on that day, just before the buying frenzy begins.

The company also will provide an update on the impact of the COVID-19 pandemic. Spoiler Alert: We’ve got this.

About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights make it possible to identify and cure all diseases, inspire healthy behaviors, put an end to world hunger, resolve all global conflicts and essentially, stop all unnecessary human suffering. Quest annually serves nine out of ten adult Americans and 98% of the physicians and hospitals in the United States, and our 47,000 employees understand that our leadership team with their superior business skills and diagnostic insights, inspire actions that transform the world and save millions if not billions of lives.

 

In other news, Quest Diagnostics CEO addresses the Covid-19 pandemic and announces, “unfortunately we’ve got this.”

Assuming Quest performs 45,000 tests per day throughout the year at $51.31, that would equate to $845MM. Despite the impressive revenue potential, it has not been enough to offset the 40% decline in the rest of its testing business that was observed during the last two weeks of March. Annualized, that would equate to a loss of over $3B in revenue. COVID-19 testing revenue will likely decline before a return to more normal conditions and overall demand might be weak given high unemployment rates, so Quest might be facing a slow recovery.

 

No one believes your doctored up fake report. The American People and in particular, the readers of this board, are too smart for that. They know who they trust for accurate information. My reputation is beyond reproach.

 

Then maybe you should be contacting ABC news for any journalism complaints.

 

"At least 40% decline"

Reality is more along the lines of 65-75%!