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COVID-19 Pandemic Erodes Cash Flow at Clinical Labs

By week 12 of the COVID-19 outbreak, the nationā€™s clinical lab industry had lost $6.8 billion in revenue

CEO SUMMARY: Every day, national news headlines screamĀ about the shortage of SARS-CoV-2 lab tests needed to manageĀ the COVID-19 pandemic. Recently, national news coverageĀ has begun focusing on concerns about inaccurate or unreliableĀ COVID-19 serology tests. But the story being missed by theĀ national news media is the steady deterioration of the financesĀ of the clinical laboratory organizations that are …

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