Welcome to our dedicated page for Quest Diagnostics news (Ticker: DGX), a resource for investors and traders seeking the latest updates and insights on Quest Diagnostics stock.
Quest Diagnostics Inc. (NYSE: DGX) is a leading provider of diagnostic testing, information, and services in the United States, enabling people to make informed health decisions. The company provides diagnostic insights derived from the world’s largest database of clinical lab results, which aids in identifying and treating diseases, promoting healthy behaviors, and improving healthcare management.
Quest Diagnostics serves one in three adult Americans and half of the physicians and hospitals in the United States. Its workforce of nearly 50,000 employees is dedicated to transforming lives by providing actionable diagnostic insights. The company offers the broadest test menu available, with over 3,000 different tests, and has a strong focus on cancer diagnostics, anatomic pathology, and interpretive consultations through its medical and scientific staff of approximately 900 M.D.s and Ph.D.s.
In recent years, Quest Diagnostics has been at the forefront of innovation in diagnostic testing. The company has significantly invested in AI and digital pathology to enhance the accuracy and efficiency of cancer diagnoses. A notable collaboration with PathAI aims to accelerate the adoption of digital and AI pathology technologies, thereby improving the quality, speed, and efficiency of diagnosing cancer and other diseases. This partnership includes the acquisition of PathAI Diagnostics’ state-of-the-art digitized laboratory in Memphis, Tennessee, which will serve as Quest’s AI and digital R&D and solutions center.
Financially, Quest Diagnostics has shown robust performance, with annual revenues reaching $7.4 billion in 2014. The company continues to strengthen its market presence through strategic acquisitions and partnerships, expanding its services and enhancing its capabilities in specialized pathology services. The integration of digital and AI technologies across its operations has improved quality, efficiency, and customer satisfaction, positioning Quest Diagnostics as a leader in the diagnostic services industry.
Quest Diagnostics' extensive clinical testing network includes roughly 2,300 patient service centers, numerous doctors' offices, and hospitals nationwide. The company also provides clinical trials testing, risk assessment services, and information technology solutions through its diagnostic solutions segment.
By leveraging its comprehensive diagnostic insights, Quest Diagnostics aims to empower individuals and healthcare providers to make informed decisions that lead to better health outcomes, ultimately contributing to a healthier world.
Quest Diagnostics is partnering with the CDC to provide free COVID-19 testing at around 1,200 of its patient service centers for uninsured individuals. This initiative aims to enhance accessibility in communities heavily impacted by the pandemic. Eligible individuals must complete an online screening via QuestDirect and meet specific criteria, including symptoms or exposure. Previous collaborations between Quest and CDC have focused on public health initiatives, including variant sequencing and serology testing.
Quest Diagnostics (NYSE: DGX) will release its second quarter 2022 financial results on July 21, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss these results. Participants can access the call by dialing the appropriate numbers based on their location. The earnings release and live webcast will be available on the company's investor relations website. Additionally, replays of the call will be accessible for a limited time post-event.
A recent Quest Diagnostics study reveals the disparity in hepatitis C (HCV) screening among pregnant individuals in the U.S., particularly between those with Medicaid and commercial insurance. Although a 145% increase in screening was noted from 2011 to 2021, only 40.6% were screened by early 2021. The study highlights that those on Medicaid experienced lower screening rates, with only 18.4% receiving tests compared to 25% of those with commercial insurance. This underscores the urgent need for improved healthcare access and screening adherence for vulnerable populations.
Quest Diagnostics (NYSE: DGX) has appointed Sam Samad as Executive Vice President and Chief Financial Officer, replacing Mark Guinan, who announced his retirement after over eight years. Samad, who will join on July 11, 2022, previously served as CFO at Illumina and held senior roles at Cardinal Health and Eli Lilly. The transition will ensure continuity as Guinan remains until the second-quarter financial report. CEO-elect Jim Davis and Steve Rusckowski, Chairman, highlighted Samad's extensive experience and anticipated contributions to the company's growth.
Quest Diagnostics (NYSE: DGX) announced its participation at the Jefferies Healthcare Conference, scheduled for June 10, 2022, at 11:00 a.m. ET. CEO Steve Rusckowski and CEO-elect Jim Davis will outline the company's vision, goals, and capital allocation strategies. The event will be webcast live and archived for viewing on their investor relations page within 24 hours. Quest Diagnostics provides diagnostic insights to improve health outcomes for over one-third of adult Americans, maintaining a significant presence in the healthcare sector.
Quest Diagnostics (DGX) announced that its Senior VP and Chief Human Resources Officer, Cecilia McKenney, received the "CHRO Lifetime Achievement Award" from SharedXpertise Media. Recognized for her leadership during the COVID-19 pandemic, McKenney has championed initiatives promoting employee well-being and inclusion since joining the company in 2018. CEO Steve Rusckowski praised her empathetic leadership style, highlighting her positive impact on the organization. The award celebrates CHROs who drive innovation and excellence in employee engagement and retention, further emphasizing the importance of strong HR leadership in business growth.
Quest Diagnostics (NYSE: DGX) declared a quarterly cash dividend of $0.66 per share, scheduled for payment on July 20, 2022. Shareholders of record as of July 6, 2022 will receive this dividend. This distribution reflects the company’s commitment to returning value to its investors.
Quest Diagnostics is a leader in diagnostic services, serving one in three adult Americans and half of U.S. physicians and hospitals. Its insights aim to improve health outcomes and healthcare management.
Quest Diagnostics (NYSE: DGX) will present at the UBS 2022 Global Healthcare Conference on May 24, 2022, at 3:30 p.m. ET. CEO Steve Rusckowski and CEO-elect Jim Davis will discuss the company's vision and capital strategies. The event will be available via live webcast on the company's investor relations page and archived for later viewing until June 23, 2022. Quest Diagnostics is a leader in diagnostic information services, supporting health improvements for a significant portion of the U.S. population.
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