September 13, 2024- Ballad Health announced it has reached agreement on a strategic collaboration with Labcorp, a global leader of innovative and comprehensive laboratory services, to provide outreach laboratory services across the Appalachian Highlands region. This agreement includes the sale of select operating assets of Ballad Health’s outreach lab services to Labcorp. The sale of these lab services, combined with Ballad Health’s ongoing strategic partnership with Labcorp, aims to enhance patient care, expand access to advanced testing and improve efficiency for the health system and its patients.
Ballad Health will continue to operate its inpatient and emergency department laboratory, as well as lab services for hospital-based practices, such as oncology. Key benefits of this agreement include access to Labcorp’s broad network of patient service centers, enhanced access to affordable high-quality laboratory services for patients and employers expanded access to Labcorp’s comprehensive testing menu, and implementation of advanced digital tools for improved patient experience.