Quest Diagnostics 2014 Annual Report Download - page 10

 

VWULYLQJWRSURYLGHDVXSHULRUFXVWRPHUH[SHULHQFHIRUDOORXUFXVWRPHUVEHFDXVHZHEHOLHYHWKDWWKLVZLOOGULYHFXVWRPHU
OR\DOW\
BUSINESS OPERATIONS
 7KH&RPSDQ\LVPDGHXSRIWZREXVLQHVVHV'LDJQRVWLF,QIRUPDWLRQ6HUYLFHVDQG'LDJQRVWLF6ROXWLRQV2XU
'LDJQRVWLF,QIRUPDWLRQ6HUYLFHVEXVLQHVVFRPSULVHGRIWZRSDUWVGHYHORSVDQGGHOLYHUVGLDJQRVWLFWHVWLQJLQIRUPDWLRQDQG
VHUYLFHVWRSDWLHQWVSK\VLFLDQVKHDOWKSODQVKRVSLWDOV$&2V,'1VHPSOR\HUVDQGRWKHUV7KHYDOXHFUHDWLRQVLGHRIWKH
EXVLQHVVRUJDQL]HGE\FOLQLFDOIUDQFKLVHIRFXVHVRQFXVWRPHUVROXWLRQVIRUWKHPDUNHWSODFHLQFOXGLQJQHZWHVWGHYHORSPHQW
DQGXSVWUHDPPDUNHWLQJ7KHYDOXHGHOLYHU\VLGHLQFOXGHVVDOHVDQGGRZQVWUHDPPDUNHWLQJURXWLQHDQGHVRWHULFODERUDWRU\
RSHUDWLRQVILHOGRSHUDWLRQVORJLVWLFVDQGFOLHQWVHUYLFHV'LDJQRVWLF6ROXWLRQVLQFOXGHVRXURWKHUEXVLQHVVHVLQFOXGLQJFHQWUDO
ODERUDWRU\WHVWLQJIRUSKDUPDFHXWLFDODQGPHGLFDOGHYLFHFOLQLFDOWULDOVULVNDVVHVVPHQWVHUYLFHVGLDJQRVWLFSURGXFWVDQG
KHDOWKFDUHLQIRUPDWLRQWHFKQRORJ\
 2XU'LDJQRVWLFV,QIRUPDWLRQ6HUYLFHVEXVLQHVVLVWKHOHDGLQJSURYLGHURIGLDJQRVWLFLQIRUPDWLRQVHUYLFHVZKLFK
LQFOXGHVSURYLGLQJFOLQLFDOWHVWLQJVHUYLFHVVXFKDVURXWLQHWHVWLQJJHQHEDVHGDQGHVRWHULFWHVWLQJDQDWRPLFSDWKRORJ\VHUYLFHV
DQGGUXJVRIDEXVHWHVWLQJDVZHOODVUHODWHGVHUYLFHVDQGLQVLJKWV:HRIIHUWKHEURDGHVWDFFHVVLQWKH8QLWHG6WDWHVWR
GLDJQRVWLFLQIRUPDWLRQVHUYLFHVWKURXJKRXUQDWLRQZLGHQHWZRUNRIODERUDWRULHV&RPSDQ\RZQHGSDWLHQWVHUYLFHFHQWHUVDQG
SKOHERWRPLVWVLQSK\VLFLDQRIILFHV:HSURYLGHLQWHUSUHWLYHFRQVXOWDWLRQWKURXJKWKHODUJHVWPHGLFDODQGVFLHQWLILFVWDIILQWKH
LQGXVWU\
 ,QRXU'LDJQRVWLF6ROXWLRQVJURXSZHRIIHUDYDULHW\RIVROXWLRQVIRULQVXUHUVKHDOWKFDUHSURYLGHUVDQGRWKHUV:HDUH
WKHOHDGLQJSURYLGHURIULVNDVVHVVPHQWVHUYLFHVIRUWKHOLIHLQVXUDQFHLQGXVWU\:HDOVRDUHDOHDGLQJSURYLGHURIWHVWLQJIRU
FOLQLFDOWULDOV,QDGGLWLRQZHRIIHUKHDOWKFDUHRUJDQL]DWLRQVDQGFOLQLFLDQVUREXVWLQIRUPDWLRQWHFKQRORJ\VROXWLRQVDQG
GLDJQRVWLFSURGXFWV

 :HOHYHUDJHRXUFDSDELOLWLHVDQGDVVHWVWRVHUYHPXOWLSOHFXVWRPHUEDVHV0RVWRIRXUVHUYLFHVDUHSURYLGHGLQWKH
8QLWHG6WDWHV)RUHDFKRIWKH\HDUVHQGHG'HFHPEHUDQGZHGHULYHGDSSUR[LPDWHO\RIRXUQHW
UHYHQXHVIURPIRUHLJQRSHUDWLRQV)RUWKH\HDUVHQGHG'HFHPEHUDQGOHVVWKDQRIRXUORQJOLYHGDVVHWV
ZHUHKHOGRXWVLGHWKH8QLWHG6WDWHVDQGIRUWKH\HDUHQGHG'HFHPEHUOHVVWKDQH[FOXGLQJWKH+HPR&XHDVVHWV
KHOGIRUVDOHDQGLQFOXGLQJWKH+HPR&XHDVVHWVKHOGIRUVDOHUHVSHFWLYHO\RIRXUORQJOLYHGDVVHWVZHUHKHOGRXWVLGHWKH
8QLWHG6WDWHV7KHIROORZLQJFKDUWVKRZVWKHSHUFHQWDJHRIRXUQHWUHYHQXHVJHQHUDWHGE\WKHDFWLYLWLHVLGHQWLILHG
Activity
Approximate
Percentage
of 2014 Net
Revenues
'LDJQRVWLFLQIRUPDWLRQVHUYLFHV 
5RXWLQHFOLQLFDOWHVWLQJVHUYLFHV 
*HQHEDVHGHVRWHULFDQGDQDWRPLFSDWKRORJ\WHVWLQJVHUYLFHV 
)RUHQVLFGUXJVRIDEXVHWHVWLQJVHUYLFHV 
'LDJQRVWLF6ROXWLRQV+HDOWKFDUHLQIRUPDWLRQWHFKQRORJ\FOLQLFDOWULDOVWHVWLQJULVNDVVHVVPHQW
VHUYLFHVDQGGLDJQRVWLFSURGXFWV 
Diagnostic Information Services
Background - clinical testing.
 &OLQLFDOWHVWLQJLVDQHVVHQWLDOHOHPHQWLQWKHGHOLYHU\RIKHDOWKFDUHVHUYLFHV3K\VLFLDQVXVHFOLQLFDOWHVWLQJWRDVVLVWLQ
WKHGHWHFWLRQGLDJQRVLVHYDOXDWLRQPRQLWRULQJDQGWUHDWPHQWRIGLVHDVHVDQGRWKHUPHGLFDOFRQGLWLRQV&OLQLFDOWHVWLQJLV
JHQHUDOO\FDWHJRUL]HGDVFOLQLFDOODERUDWRU\WHVWLQJDQGDQDWRPLFSDWKRORJ\VHUYLFHV
 &OLQLFDOODERUDWRU\WHVWLQJJHQHUDOO\LVSHUIRUPHGRQZKROHEORRGVHUXPSODVPDDQGRWKHUERG\IOXLGVVXFKDVXULQH
DQGVSHFLPHQVVXFKDVPLFURELRORJ\VDPSOHV&OLQLFDOODERUDWRU\WHVWVZKLFKFDQEHSHUIRUPHGE\PRVWFOLQLFDOODERUDWRULHV
DUHFRQVLGHUHGURXWLQH5RXWLQHWHVWLQJPHDVXUHVYDULRXVLPSRUWDQWERGLO\KHDOWKSDUDPHWHUVVXFKDVWKHIXQFWLRQVRIWKH
NLGQH\KHDUWOLYHUWK\URLGDQGRWKHURUJDQV&RPPRQO\RUGHUHGWHVWVLQFOXGHEORRGFKHPLVWULHVXULQDO\VLVDOOHUJ\WHVWVDQG
FRPSOHWHEORRGFHOOFRXQWV
48(67',$*1267,&6)250
.