LabCorp Expands Access to LabCorp AccuDraw® to Support Better Patient Care (2024)

BURLINGTON, N.C.--(BUSINESS WIRE)--Jun. 4, 2015-- Laboratory Corporation of America® Holdings (LabCorp®) (LH: NYSE) today announced the expanded availability of its proprietary specimen collection and handling software, LabCorp AccuDraw®, to all clients through its website at www.LabCorp.com. Combining on-screen visual cues with step-by-step tutorials, AccuDraw is an innovative tool designed to guide the health care professional who collects patient specimens throughout the specimen collection process. AccuDraw helps to facilitate collection and appropriate stabilization of the correct specimen type and sample volume. This technology-enabled solution leads to fewer errors in specimen collection and processing, a reduced chance of delays in testing, and a lower likelihood of having a patient undergo a second visit to a health care professional for further specimen collection. AccuDraw has been used in LabCorp's patient service centers and by LabCorp’s phlebotomists located in client locations for over five years. AccuDraw has previously only been, and will continue to be, available to LabCorp clients through the LabCorp Beacon® application.

“As the world’s leading healthcare diagnostics company, LabCorp is committed to developing technology-enabled solutions that change the way care is provided and improve patient outcomes,” said David P. King, Chairman and Chief Executive Officer of LabCorp. “Our AccuDraw system has dramatically improved the patient experience, ensuring accurate collections for tests for over 100 million patient encounters. We are excited to expand customer access to this successful tool.”

AccuDraw provides a detailed set of specimen collection and handling instructions, allowing office staff to spend more time on patient care and less time confirming the specimen collection process and requirements. On-screen visual cues are combined with detailed collection instructions to help ensure specimen and collection accuracy in the physician office.

For patients and the physician office, AccuDraw provides:

  • Improved precision and accuracy – Visual cues are customized to the specific physician test order and linked to LabCorp’s current test requirements.
  • High-quality specimens – the guided process and clear instructions helps to ensure the highest quality specimen is sent to the laboratory for testing.
  • Time efficiencies – Reduce the amount of time spent speaking to the lab about specimen requirements or identifying specimens that were not properly submitted to the lab.
  • Reduction in repeat draws – AccuDraw’s collection, handling, and shipping guidance significantly reduces the need for patient redraws and repeat visits.

About LabCorp®

Laboratory Corporation of America® Holdings, an S&P 500 company, is the world’s leading healthcare diagnostics company, providing comprehensive clinical laboratory services through LabCorp Diagnostics, and end-to-end drug development support through Covance Drug Development. LabCorp is a pioneer in commercializing new diagnostic technologies and is improving people’s health by delivering the combination of world-class diagnostics, drug development and knowledge services. With combined revenue proforma for the Covance acquisition in excess of $8.5 billion in 2014 and more than 48,000 employees in over 60 countries, LabCorp offers innovative solutions to healthcare stakeholders. LabCorp clients include physicians, patients and consumers, biopharmaceutical companies, government agencies, managed care organizations, hospitals, and clinical labs. To learn more about Covance Drug Development, visit www.covance.com. To learn more about LabCorp and LabCorp Diagnostics, visit www.labcorp.com.

This press release contains forward-looking statements including with respect to estimated 2015 guidance and the impact of various factors on operating results. Each of the forward-looking statements is subject to change based on various important factors, including without limitation, competitive actions in the marketplace, adverse actions of governmental and other third-party payers and the results from the Company’s acquisition of Covance. Actual results could differ materially from those suggested by these forward-looking statements. Further information on potential factors that could affect LabCorp’s operating and financial results is included in the Company’s Form 10-K for the year ended December 31, 2014, including in each case under the heading risk factors, and in the Company’s other filings with the SEC, as well as in the risk factors included in Covance’s filings with the SEC. The information in this press release should be read in conjunction with a review of the Company’s filings with the SEC including the information in the section of the Company’s Form 10-K for the year ended December 31, 2014, subsequent Forms 10-Q, under the heading MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

LabCorp Expands Access to LabCorp AccuDraw® to Support Better Patient Care (1)

View source version on businesswire.com: http://www.businesswire.com/news/home/20150604005108/en/

Source: Laboratory Corporation of America(R) Holdings

Laboratory Corporation of America® Holdings
Paul Surdez, 336-436-5076
www.labcorp.com

LabCorp Expands Access to LabCorp AccuDraw® to Support Better Patient Care (2024)

FAQs

LabCorp Expands Access to LabCorp AccuDraw® to Support Better Patient Care? ›

We are excited to expand customer access to this successful tool.” Accu Draw provides a detailed set of specimen collection

specimen collection
In medicine, sampling is gathering of matter from the body to aid in the process of a medical diagnosis and/or evaluation of an indication for treatment, further medical tests or other procedures.
https://en.wikipedia.org › wiki › Sampling_(medicine)
and handling instructions, allowing office staff to spend more time on patient care and less time confirming the specimen collection process and requirements.

What is the labcorps mission statement? ›

What is Labcorp's mission statement? Labcorp is a leading global life sciences company. With a mission to improve health and improve lives, Labcorp delivers world-class diagnostic solutions, brings innovative medicines to patients faster and uses technology to improve the delivery of care.

Does Labcorp release results to patients? ›

Results are delivered to your Labcorp Patient™ account at the same time they are reported to your healthcare provider (unless state or federal laws restrict timing of delivery). Note that some results, such as employee drug screening, are not available in Labcorp Patient.

What is the company name for Labcorp? ›

Labcorp is created

Led by Dr. James Powell, the new company, Laboratory Corporation of America Holdings, is headquartered in Burlington, N.C.

Is it Labcorp or Labcorp? ›

Laboratory Corporation of America Holdings, more commonly known as Labcorp, is an American healthcare company headquartered in Burlington, North Carolina.

What is the motto of the Labcorp? ›

change lives. We are a global life sciences and healthcare company harnessing science for human good. Every day, our mission is to improve health and improve lives.

What are Labcorp values? ›

Excellence, integrity, teamwork, courage, inspiration, and ownership. These are the core values that LabCorp employees around the world demonstrate in their work every day.

Will doctors call if your results are bad? ›

Remember there are many reasons why a healthcare provider will contact you after a medical test. If results are concerning, they may call you or have a receptionist call to schedule an appointment. 15 A healthcare provider may also call to assure you everything is okay or discuss any needed follow-up tests.

Can patients order their own labs on Labcorp? ›

Purchase your own health tests

With Labcorp OnDemand, you can purchase the same tests trusted by doctors, directly from Labcorp. Get trusted, confidential results on everything from general health checks to specific areas like fertility, anemia, diabetes, allergies and more.

Why is Labcorp taking so long for results? ›

The most common reason for delay in receiving results is inaccurate or out-of-date personal information on record with your health care providers or in your Labcorp Patient™​ portal personal profile.

What is the new name for Labcorp? ›

9, 2023-- Labcorp (NYSE: LH), a leading global life sciences company, today announced that the new company to be formed by the planned spin-off of its Clinical Development business will be known as Fortrea.

Who is the largest shareholder of Labcorp? ›

Top Holders
HolderShares Held% O/S
The Vanguard Group, Inc.9,599,02311.39
BlackRock Institutional Trust Company, N.A.4,642,1895.51
State Street Global Advisors (US)3,683,6484.37
Wellington Management Company, LLP2,232,9412.65
6 more rows

Who did Labcorp buy out? ›

Labcorp struck a deal Thursday to acquire clinical diagnostics, reproductive and women's health testing assets from Bioreference Health, a subsidiary of Opko Health, for $237.5 million. Bioreference is retaining nationwide oncology and urology diagnostic services and all of its operations in New York and New Jersey.

Which is better Quest Diagnostics or Labcorp? ›

Choosing between Labcorp and Quest Diagnostics ultimately depends on your specific healthcare needs, location, and personal preferences. Both labs are reputable, offer a wide range of services, and maintain high standards of quality and accuracy.

How reliable is Labcorp? ›

Labcorp provides leading-edge medical laboratory tests and services through a national network of primary clinical laboratories and specialty testing laboratories. Our labs perform regular quality assurance testing to ensure our results are accurate.

Does Labcorp do EKG? ›

Three color-coded lead wires are used to create a single-channel ECG recording. This is a typical electrode placement. For additional information on LabCorp's ECG monitoring services, including MCT, Holter, patient event, and ambulatory blood pressure monitoring, please call 800-289-4358.

Why do you want to work for LabCorp? ›

LabCorp's reputation for cutting-edge technology and commitment to accuracy aligned perfectly with my professional aspirations. I saw an opportunity to grow my skills while being part of a team dedicated to providing exceptional patient care.

What is the team purpose mission statement? ›

A mission statement defines the team or company's purpose.

Team members may refer to their mission statements if or when they're uncertain about newly assigned tasks. The mission statement helps team members realign themselves around the team's core purpose.

What is the mission statement of together labs? ›

Our mission is to empower people to connect in the metaverse. We see the metaverse as a metasociety and our role is to help people connect, create and earn in that world.

What is the accountability lab mission statement? ›

OUR VISION AND MISSION

It is a world in which resources are used wisely, decisions benefit everyone fairly, and people lead secure lives. Our mission is, therefore, to make governance work for people through supporting active citizens, responsible leaders and accountable institutions.

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