Former Chairman, President & Chief Executive Officer, Quest Diagnostics
Search every verified Stephen Rusckowski interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a January 2023 interview, Rusckowski stated that Quest Diagnostics' COVID-19 testing volume had "come down" from its peak, though the company remained prepared for a potential increase. He described the prior decade as "remarkable," citing the Affordable Care Act, Medicare payment cuts, and the pandemic as major changes in healthcare delivery. Rusckowski noted that Quest Diagnostics represents "about two percent of health care costs in this country" but provides "about 75 percent of the information" used in clinical decision-making. He also said the company had "bent the cost curve" for its own employees, with 95 percent seeing no increase in healthcare payments. In a July 2021 interview, Rusckowski reported that Quest Diagnostics' COVID-19 testing revenue was "considerable" in 2020, exceeding $2 billion, and that testing volume had declined in the first half of 2021 before a slight increase linked to the delta variant. He stated that the majority of the company's positive COVID-19 tests at that time were delta variants, identified through next-generation sequencing provided to the CDC. Rusckowski also said the company was working to improve serology tests to distinguish between antibodies from vaccination and natural infection.
“We have now about 300,000 test capacity per day. We've been at a fraction of that for the last several weeks. We actually have seen the testing volume for what's referred to as PCR of sexual lab testing capability for Copic come down, but we're prepared in the event that it starts to ramp up. They'll be able to bring o...”
“We put in place the Affordable Care Act. We've had substantial cuts in how we get paid by Medicare in this industry. And then finally, as we just spoke, we just came through the pandemic. So it's been three big changes within healthcare delivery.”
“The reality is we're about two percent of health care costs in this country, but we represent around 75 percent of the information that a clinician, a physician, a nurse, and an individual use to make that important next choice in healthcare.”
“We self-insure about 60,000 people at Quest Diagnostics. What we did is we put in place a different approach of managing our health care costs. We heard a physician with healthcare insurance background and we started step by step to see what we can do ourselves to bend the cost curve. And fortunately, I'm pleased to te...”
COVID-19 #coronavirus #yahoofinance Quest Diagnostics CEO Steve Rusckowski joins Yahoo Finance Live to discuss the state ...
Steve Rusckowski, Quest Diagnostics chairman and CEO, joins 'Closing Bell' to discuss the company's quarterly earnings, how much of the business remains coronavirus-related and the uptick in testing demand as delta variant cases rise. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to li…
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