Business Strategy and Outlook
| Debbie S. Wang |Quest Diagnostics has positioned itself as the leading provider of independent diagnostic testing in the U.S. by building out a network of roughly 2,300 patient service centers across the country. We think Quest's size and cost advantage allows it to benefit from several secular trends, including the proliferation of diagnostic tests and greater clinical reliance on personalized therapies. Additionally, we expect that through the intermediate term, Medicare-related pricing pressure should ease as regulators tinker with the method for setting lab test reimbursement rates.