Quest Diagnostics 2005 Annual Report Download - page 6
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Please find page 6 of the 2005 Quest Diagnostics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report. Wesupportedthesenewserviceandscienceinitiativesbyprovidingoursalesforcewithenhancedtraining
sotheycanbecometrustedadviserstoourphysicianclients.Inaddition,wecreatedspecializedsalesteamsto
effectivelymarketourmorecomplextestsandinformationtechnologyproductstospecificmedicalspecialties.
We complemented these efforts by acquiring LabOne, thereby strengthening our core business and
establishingusastheleaderinanewadjacentmarket—healthriskassessmentsforthelifeinsuranceindus-
try.LabOne,which generatesannualrevenuesofapproximately$500million,willaccountforanestimated
8percentofourrevenuegrowthinthecomingyear,andfurtherimprovesourprofitabilitywiththe$30million
insynergiesweexpecttorealizeoncewecompletethisintegrationin2007.
EmpoweringOurPeople
AtQuestDiagnostics,webelieveinthevalueofearlydetection.In2005,weintroducedHealthyQuest,
aself-drivenhealthimprovementplantohelpouremployeestakecontroloftheirhealth.Weencouragedthem
toenrollinBlueprintforWellness™,ourproprietaryhealthriskassessmenttool,basedonlabtestsandother
biometrics.Duringtheyear,70percentofouremployeesandtheirspouseselectedtoparticipateinBlueprint
for Wellness. The response was overwhelmingly positive, and a number of employees told us that their
BlueprintforWellnessreportsuncoveredpotentiallylife-threateningmedicalconditionswhichwouldotherwise
havegoneuntreated.
TheHealthyQuestinitiativeisjustonewaythatwefacilitatethesuccessofouremployees.Wehave
a strong team of dedicated individuals and we continue to attract talented people from a broad range of
companiesandindustrieswhoareeagertojoinus.
Wefirmlybelievethatourresponsibilitytopatientsandemployeesextendstothecommunitieswhere
weliveandwork.Wefulfillthisobligationbyofferingfreetestingtotheindigentatavarietyofclinicsaround
the country, and collaborating with relief organizations to assist others in need. I’m proud that this spirit
ofcommunityinvolvementisembracedbyouremployees,manyofwhomdonatedtimeandmoneytohelp
colleaguesandtheirfamilieswhoweredisplacedbytheGulfCoasthurricanes.
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“QuestDiagnosticsiswellpositionedforthefuture,andIamexcitedaboutthe
opportunitiesavailabletous.Wehaveastrongcompanyandtherightstrategy,
basedonPatients,GrowthandPeople.”
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