Quest Diagnostics Inc Stock Price, News & Analysis

Quest Diagnostics (NYSE: DGX), a prominent player in diagnostic information services, announced it will release its Q2 2024 financial results on July 23, 2024, before the market opens.

The company will also hold a conference call at 8:30 a.m. ET to discuss the results. Interested parties in the U.S. and Canada can dial 888-455-0391, while international participants can use 773-756-0467, with the passcode '7895081'.

The earnings release and live webcast will be available on www.QuestDiagnostics.com/investor. A replay of the call will be accessible online and by phone until midnight ET on August 6, 2024.

Listeners are encouraged to review periodic reports filed with the SEC for additional discussions on risk factors and financial conditions.

Mark Hamilton, a STAT driver for Quest Diagnostics, shares his career journey and experiences in a recent press release. Mark highlights his transition from the airline industry to healthcare, emphasizing the importance of handling specimens with care and precision. He describes his commitment to ensuring that samples such as blood, urine, tissue, and skin grafts are transported under optimal conditions and correctly labeled. Mark also stresses the significance of communication and collaboration with clients to improve services and ensure long-term satisfaction. Through his work at Quest, he finds personal fulfillment and values the role he plays in patient care.

Quest Diagnostics (NYSE: DGX) has completed the acquisition of PathAI Diagnostics from PathAI to accelerate AI and digital pathology adoption for cancer diagnosis. PathAI will remain independent, advancing AI solutions for biopharmaceutical companies and pathology labs. The Memphis lab is rebranded as AmeriPath, serving as Quest’s national AI and digital R&D center. Quest will license PathAI's AISight™ system and collaborate on AI development for research and clinical applications. Quest aims to enhance quality and efficiency through AI integration in its services.

Quest Diagnostics announced the election of Robert B. Carter, CIO of FedEx, to its Board of Directors. Carter, 64, has spent over three decades at FedEx, where he will soon step down from his executive roles but remain as an advisor until December. His expertise in technology, particularly in cloud technologies and cybersecurity, is expected to benefit Quest Diagnostics as it aims to leverage IT and generative AI to enhance its business. Quest's Board now includes 10 members. Carter also holds board positions at New York Life and previously at First Horizon and Saks.

Quest Diagnostics celebrated Lab Week 2024, honoring medical laboratory professionals and pathologists across the U.S. The event highlighted the career journey of Lisa Szeto-Tay, from a phlebotomist to a Group Lead, Medical Laboratory Scientist, at Quest's Rapid Response Laboratory in Cambridge, MA. Lisa emphasized her career evolution, beginning with phlebotomy and advancing through various technical roles due to continuous education and company support, including tuition reimbursement and training programs like EMPower and Smartsolve. She advised dependability and continuous improvement as keys to career progression.

On June 5, 2024, Quest Diagnostics' Director of Sustainability, Karen Braun, visited East Norriton Middle School to engage with Healthy NewsWorks student reporters. Healthy NewsWorks, a grantee of Quest for Health Equity, empowers students to become skilled health journalists.

During the visit, Karen discussed Quest Diagnostics' commitment to sustainability, including reducing single-use plastic waste by 105 standard tons in 2022 through modified specimen cups and stool containers. She highlighted the importance of continuous improvement and employee engagement in sustainability initiatives.

The students were inspired to launch a 'Look in Your Lunchbox' project to minimize cafeteria waste and explore composting opportunities. Karen's interview will be featured in the fall edition of For Kids, By Kids magazine.

The spring edition of the magazine includes a foreword by Quest for Health Equity Executive Director Michael Floyd. Further details on Quest's sustainability efforts can be found in their 2022 Corporate Responsibility Report.

A study published in JAMA Health Forum suggests that blood-based minimal residual disease (MRD) testing, specifically the Haystack MRD™ ctDNA test, can reduce healthcare costs in colorectal cancer treatment. Conducted by Quest Diagnostics and its subsidiary Haystack Oncology, the study found that testing half of eligible stage II colorectal cancer patients could cut costs by up to 21%. The study showed that ctDNA MRD tests could help identify patients who may safely skip chemotherapy, reducing both costs and adverse events. Results showed cost savings of $221,684 for commercial plans and $116,720 for Medicare Advantage plans, assuming 50% of eligible patients are tested. The findings are significant, considering that colorectal cancer is among the most diagnosed cancers in the U.S., with over 106,970 new cases projected in 2023.

Quest Diagnostics celebrated Lab Week 2024, acknowledging the contributions of medical laboratory professionals and pathologists nationwide.

A highlight of the event was the career journey of Mimi Perdue-Loan, a Change Management Director in the Great Midwest Region, who has been with Quest for 44 years. Mimi shared insights on career progression, the importance of continuous improvement, and the impact of new technologies in healthcare. She emphasized the value of cross-functional team participation and networking within the organization to discover one’s true passion in the field.

Mimi also highlighted the significance of Quest's tools such as Six Sigma, Kaizen, and Total Quality Management in enhancing leadership skills and process excellence. Her advice to others includes volunteering for diverse roles and maintaining a customer-first approach. She remains committed to educating young students about careers in clinical lab science.

Ruth Clements, East Region President of Quest Diagnostics, spoke at the National Action Network Convention about addressing health inequities. She emphasized the importance of routine diagnostic testing in bridging healthcare gaps, particularly in the Black community. Clements highlighted Quest's initiatives, including the launch of Quest for Health Equity (Q4HE) in 2020, which aims to reduce health disparities through improved access to testing and screenings. In 2023, Q4HE conducted over 6,000 no-cost Blueprint for Wellness tests in marginalized communities.