Coronavirus Spreads Earlier Than Growth Tests | Zoom Fintech

LabCorp CEO Adam Schechter informed CNBC on Tuesday that the coronavirus is spreading in the United States earlier than the company can develop testing capacity, slowing the time to results. “We would like all states to ensure that we are doing everything in our power to elevate management of the virus. If we are able to do that, then we can do whatever checks we want, ”Schechter said in“ Closing Bell ”. LabCorp is currently processing around 165,000 checks for Covid-19 per day, or more than one million per week, he said. At the end of March, during the initial levels of the pandemic, LabCorp was working about 20,000 checks a day. “We are striving to expand the capacity every week after week,” he said. “The problem is that the variety of checks to be done each week increases earlier than the capacity we are able to build. For someone in the hospital, LabCorp is ready to return the results of the Covid-19 checks within a day and a half, Schechter said. The common turnaround time is about three to five days for someone who is not in the hospital, he said, while about two to three days is needed for someone who is not in the hospital. have an “effective ability to trace and identify people who are sick or have discovered to individuals.” Like LabCorp, Quest Diagnostics has also warned that its turnaround time for test results has slowed as transmission of the virus has increased. is spreading in parts of the United States, particularly in the south, southwest and west of the United States. Testing for Covid-19 in the United States has faced challenges since the early days of the pandemic, as well as supply chain strains. However, every day the testing capacity continued to ramp up. Over the past 7 days, the United States has performed an average of nearly 763,000 tests for daily diagnosis, according to a CNBC assessment of information from the Covid monitoring mission. The national commune in April was around 174,000 diagnostic checks per day, according to a CNBC assessment. The general increase in the new circumstances of Covid-19 in the United States can only be partly attributed to additional testing capacity. This is because the analysis of the price of positivity has also increased, a sign of the extent of the spread of the virus in one group. The United States has an 8.5% positivity price, mostly based on a seven-day lag, according to Johns Hopkins College. By early June, the average of the seven-day lags had fallen below 5% nationwide. On some occasions in April, the price of positivity in the United States was around 20%. Schechter said he believes the United States needs to be “really mindful” of the demand for Covid-19 testing as it approaches fall – a time when students could return to high school and other people quit without it. doubt of working from home. I’m involved in this, but we need to look at it holistically, ”he said, stressing the need for US residents to put on face masks and continue to practice social distancing. He added that faster turnaround time for checks is part of the answer, along with further progress on testing vaccines and therapeutics. “If we solve these problems collectively, I think we are in a position to look at this virus and get the country back on its feet and working again in a very vital way,” he said.

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