Coronavirus Has Medical Labs Struggling For Business

“This is one test that is booming for them, but the other 99% of their business has crashed.”

By Bret JaspersMay 14, 2020 9:31 am, , , , ,

From KERA:

Joe Saad is a pathologist and the medical laboratory director at Methodist Dallas Medical Center. He said with the suspension of elective surgeries in Texas until late April and people staying home, there isn’t the same demand for routine tests.

“Overall, I would say we are down 20% to 25% in test volume for in-patients,” he said. “For the ER patients we are down closer to 30% to 40%, and for outpatients it’s down even more from that.”

Anecdotally, Saad said colleagues at large commercial labs are seeing big drops in volume as well.

All of the focus on testing for the coronavirus might lead you to think the companies that analyze tests are doing a lot more business, but that is not the case.

“I think there’s a misunderstanding that somehow labs are doing well by this, but that’s so far from the truth,”Jondavid Klipp, president of the industry newsletter Laboratory Economics, said.

Klipp finished a national survey last week of almost 180 labs of all kinds around the country. They say the coronavirus test is not making up for the loss in other business.

“This is one test that is booming for them, but the other 99% of their business has crashed,” he said.

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