Labcorp Holdings Inc.

09/17/2024 | Press release | Distributed by Public on 09/17/2024 07:50

Blue Cross and Blue Shield of Alabama Announces Relationship with Labcorp to Provide Members Best Overall Value for Outpatient Lab-Related Services

BIRMINGHAM, AL, Sept. 17, 2024 - Blue Cross and Blue Shield of Alabama's mission is to provide our members access to high quality, affordable care, delivered by the most cost-effective healthcare providers.

Effective December 1, 2024, Labcorp, a global leader of innovative and comprehensive laboratory services, will be the Blue Cross and Blue Shield of Alabama exclusive national laboratory in the Preferred Medical Laboratory (PML) Program and the only Preferred Medical Laboratory Plus (PMLP) provider in the outpatient laboratory network. Covered lab services provided by Labcorp and other contracted Preferred Medical Laboratories will be processed at the in-network level of benefits.

Blue Cross Blue Shield of Alabama and Labcorp will collaborate to enhance the laboratory experience for both members and physicians, reflecting their shared commitment to deliver high-quality, cost-effective care aimed at improving patient health.

With more than 1,900 Alabama employees and a centrally located Birmingham laboratory, Labcorp will continue to provide Blue Cross members with statewide access to a broad menu of high-quality routine, specialty and STAT laboratory testing services and advanced patient solutions and programs.

"We are proud to partner with Labcorp and look forward to the positive impact this will have on our customers," said Dr. Darrel Weaver, Vice President, Provider Engagement and Support, Blue Cross and Blue Shield of Alabama. "Lower lab costs, additional patient support, and improved health outcomes are just some of the benefits that will result from this new venture."

"We look forward to serving Blue Cross and Blue Shield of Alabama members as their partner in health with our innovative laboratory services," said Lenny Monsour, senior vice president of Labcorp's Southeast Division. "We are committed to empowering better patient care through enhanced member experience and access to our high-quality laboratory services aimed at improving health outcomes."

For questions, members can call the customer service number on the back of their ID cards.

About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. Labcorp's more than 67,000 employees serve clients in approximately 100 countries, provided support for 84% of the new drugs and therapeutic products approved in 2023 by the FDA, and performed more than 600 million tests for patients around the world.

About Blue Cross and Blue Shield of Alabama
Blue Cross and Blue Shield of Alabama has insured Alabamians for over 88 years. Blue Cross offers coverage plans to corporations, individuals and the senior market. For more information about
Blue Cross, visit AlabamaBlue.com. Connect with us on Facebook, check out our videos on YouTube and follow us on Twitter and Instagram for more up-to-date information.

Blue Cross and Blue Shield of Alabama is an independent licensee of the Blue Cross and Blue Shield Association

Media: Kimbrel Arculeo -- 336-436-8263, [email protected], Investors: Christin O'Donnell -- 336-436-5076, [email protected]