Aaron Wright

Aaron Wright asked about Labcorp's consumer-driven testing efforts, its current contribution, margin profile, growth rate, and whether it's significantly impacting overall volume or revenue growth.

Answer

Chairman and CEO Adam Schechter emphasized Labcorp's strong focus on consumerism, engaging over 75 million patients through platforms like Labcorp OnDemand and the OVIA app. He noted a significant increase in growth rate for the consumer business, though it hasn't yet reached critical mass for separate reporting. New tests for lead exposure, ApoB, and healthy aging were launched, and OVIA Health continues to support women's health.

Aaron Wright of Morgan Stanley asked about Labcorp's consumer-driven testing initiatives, including their current contribution, growth rate, margin profile, and whether they are significantly impacting overall volume or revenue growth.

Answer

Chairman and CEO Adam Schechter highlighted Labcorp's strong focus on consumerism through platforms like Labcorp OnDemand and the Ovia app, engaging with over 75 million patients. He noted a significant increase in growth rate for consumer-initiated tests, with new offerings like lead exposure and ApoB panels, but stated the business has not yet reached critical mass for separate reporting.