Laboratory Corporation of America (LabCorp) is the leading national lab provider serving clients in all 50 states and Canada. LabCorp is the fastest growing national lab with the foremost worldwide clinical trial testing business (Laboratory Corporation of America Holdings, 2012). LabCorp’s mission is to offer the highest quality laboratory testing and most compelling value to its customers. They execute this mission through there Five Pillar Strategy. Pillar one is cash deployment, pillar two is to enhance IT capabilities, pillar three is to improve efficiency, pillar four is scientific research, and pillar five are alternative models. These Pillars allow LabCorp to have a consistent strategy that will allow their execution and success track record to speak for itself (Laboratory Corporation of America Holdings, 2012).
LabCorp is committed to building upon its history of corporate integrity, and the highest standards of honesty and reliable business conduct (Laboratory Corporation of America Holdings, 2013). They also want to communicate how clinical laboratory testing enables better care for patients who often translate into economic savings. This is done by ensuring employees have the tools needed in any situation that may arise. Because LabCorp recognizes they cannot anticipate every situation, they provide their employees with the following steps in mind when situations arrive. “Make sure one has all the facts, ask oneself: What specifically is he or she asked to do. Does it seem unethical or improper? What specifically did he or she witness, clarify ones responsibility and role. Discuss the problem with one’s supervisor. Seek help from LabCorp resources. Ones report of violations of the Code may be made in confidence and without fear of retaliation, and always ask first and act later” (Laboratory Corporation of America Holdings, 2013). If these procedures are followed in times of situations, the employees as well as the...
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