LabCorp - So.California

[Anonymous]

What the heck is going on with LabCorp in So.Cal? They are picking up so many IPA contracts at the same old low prices of the 90's.

With local regional labs going down and getting out of their cap contracts, and with Quest raising Cap Rates, KV, why on earth are you bidding the same old low fees. WestCliff didn't make any money, now LabCorp won't. They will get themselves in the same problem that Quest is in ... running large labs with an O.M. below 8%.

They have the perfect opportunity to contract at higher prices, but they are going the easy route and throwing out rates at the same old $0.70-$0.90 pmpm range. You have now picked up over 600 capitated specimens/day at about $10.00 each and with a disgruntled and stressed out and overworked sales team, it will be tough to get the FFS work from those accounts.

 

[Anonymous]

Jennifer Wilson and Kip are trying to make North Carolina believe that they are actually doing something. Why do you think LabWest went bankrupt? Can somebody please let Dave King know about their tactics? San Diego specimen counts may be up but LabCorp's long term reputation is sinking quickly. The quality and TAT's have been affected because of these worthless contracts. Techs are being overworked. These two must go before we're all out of work.

 

[Anonymous]

What the heck is going on with LabCorp in So.Cal? They are picking up so many IPA contracts at the same old low prices of the 90's.

With local regional labs going down and getting out of their cap contracts, and with Quest raising Cap Rates, KV, why on earth are you bidding the same old low fees. WestCliff didn't make any money, now LabCorp won't. They will get themselves in the same problem that Quest is in ... running large labs with an O.M. below 8%.

They have the perfect opportunity to contract at higher prices, but they are going the easy route and throwing out rates at the same old $0.70-$0.90 pmpm range. You have now picked up over 600 capitated specimens/day at about $10.00 each and with a disgruntled and stressed out and overworked sales team, it will be tough to get the FFS work from those accounts.

The fact that you stated "they" and not we indicates that you don't even work for LabCorp. Get a new hobby.

 

[Anonymous]

Somebody in NC better look into their tactics. While at Westcliff they cared nothing about themselves and they still think they can do whatever they want. Why did NC allow those two to run the west? Why do you think that the west has a different comp plan than the rest of the country? Short term accessions (bonus for JW & KV) while burning bridges and igniting long term consequences.

 

[Anonymous]

Jennifer Wilson and Kip are trying to make North Carolina believe that they are actually doing something. Why do you think LabWest went bankrupt? Can somebody please let Dave King know about their tactics? San Diego specimen counts may be up but LabCorp's long term reputation is sinking quickly. The quality and TAT's have been affected because of these worthless contracts. Techs are being overworked. These two must go before we're all out of work.

Well you sure know what you are talking about.