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Steve Rusckowski discusses how the omicron variant impacted Q4 earnings on 'The Claman Countdown.'
The at-home testing market is bigger than just Covid tests, and it's bigger than over-the-counter pregnancy tests. In fact, the emerging marketplace of consumer-initiated lab testing may be worth more than $2 billion by 2025, according to Quest Diagnostics.
Quest Diagnostics said Monday that it will offer consumer-initiated lab testing in collaboration with Walmart. Quest said it is making more than 50 tests, including those for general health, digestive health, allergy, heart health, women's health, and infectious disease, available at Walmart.com through its QuestDirect service.
Clinical laboratory Quest Diagnostics is launching an at-home COVID-19 rapid antigen test service that can certify results 24/7 via telehealth. The service enables the 15-minute self-administered Abbott BinaxNow COVID-19 home test to be used under observation from a certified telehealth proctor.
Quest Diagnostics will acquire the patient engagement company Pack Health, the organizations announced. "Quest Diagnostics and Pack Health have complementary capabilities that, when combined, will strengthen our ability to help health plans and other risk-bearing organizations deliver value-based care," Dermot Shorten, senior vice president of strategy, mergers and acquisitions, and ventures at Quest Diagnostics, wrote in an email.