UnitedHealthcare enters national lab exclusive

Posted October 04, 2006

UnitedHealthcare has entered into a new, 10-year exclusive arrangement with Laboratory Corporation of America, a move that LabCorp believes will net it an excess of $3 billion from United and associated business over the life of the agreement. United clarified that in Iowa, this arrangement will affect only national lab services, which now will be reimbursed only if received through LabCorp; this national exclusive will not affect lab services received by United insureds through regional or local laboratories.

According to LabCorp's press release, "LabCorp will become UnitedHealthcare's exclusive national laboratory offering a comprehensive suite of services, and will also work with other regional and local laboratory providers to selectively develop, implement and manage for UnitedHealthcare a series of laboratory networks in selected regions across the United States."