Philly Blue Cross Contract: LabCorp In; Quest Out

Following an aggressive bidding war, IBC selects LabCorp and boots Quest Diagnostics from its network

CEO SUMMARY: Independence Blue Cross in Philadelphia decided to select Laboratory Corporation of America for its new eight-year managed care contract that took effect on July 1. However, the real story is the aggressive bidding war between the two national labs. Sources say LabCorp bid an aggressively low price of between $1.00 to 1.60 per …

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