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Jim Davis

๐Ÿ‘ค Speaker
44 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

Yeah.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

First, Katie, thanks for having us on this morning.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

You know, in terms of the growth drivers, we really think there's two or three major things going on.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

One, unfortunately, is still all of the chronic care disease management that's occurring in the country.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

You know, type two diabetes at an all time high autoimmune disorders.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

cancer rates, younger and younger patients being diagnosed with cancer, colon cancer in particular.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

So all of this is leading to a lot of testing, as you can imagine, and helping people diagnose, helping people figure out what the right therapy they should select, and then actually monitoring the disease.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

Now, at the other end of the spectrum, and this is really a more recent phenomenon, is all the new testing from a consumer health standpoint.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

So, you know, prevention is all about doing something before the symptoms set in.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

And between our own consumer health offering and then partnerships that we've developed in the industry, we are really powering the wellness industry today.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

So our relationships with Function Health, our relationships with Whoop, with Aura,

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

We're trying to make lab testing ubiquitous to consumers, especially those that really have a focus on prevention and wellness.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

But really, it's those two things, Katie, that are really driving the growth.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

Yeah, so to put all of that in context between our own direct business, our own consumer direct business, plus our partnerships with all those that you mentioned, it's about a $250 million segment.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

And, you know, we did $11 billion last year.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

So it's meaningful.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

What's more meaningful is that segment grew at over 30% last year, and we expect it to continue to grow, you know, north of 20% this year.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

And again, what we're seeing is just consumers taking more interest in their health with this notion of let's prevent disease.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

Let's try to get in front of that.

Bloomberg Talks
Quest Diagnostics CEO Jim Davis

You know, if we look at our business today, about two-thirds of it is diagnosis of disease, you know, treatment of disease, treatment monitoring.

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