Laboratory Corporation of America Holdings is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Laboratory Corp. of America Holdings, also known as Labcorp, operates a network of clinical labs that perform tests and diagnostics. Its labs help people monitor their health, diagnose illnesses from cancer to COVID-19, and track their fertility. It also works to develop new drugs to treat various diseases.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
Medical device research and development is responsible for substantive gains in length and quality of life. Devices help medical professionals detect more illnesses sooner and with less invasive procedures. Labcorp operates in a manner that is a net positive for humanity. The greatest contributors to this positive outcome are Medical Devices ($49.1 B), Healthcare R&D ($30.9 B), and Pharmaceuticals ($14.2 B). The positive value it creates annually from its work in Medical Devices, Healthcare R&D, and Pharmaceuticals includes an estimated 1,955,326.6 additional years lived by people worldwide. Downsides for this company are associated with Calorie Conversion (-$2.4 B) and Opioid Abuse (-$1.8 B). The impact from Medical Devices is attached to this company as a result of its direct business activities, while Healthcare R&D, Pharmaceuticals, Calorie Conversion, and Opioid Abuse are largely consequences of its supply chain partnerships.