LabCorp 2015 Annual Report Download - page 64

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Index
15. failure to obtain and retain new customers or a reduction in tests ordered, specimens submitted or services requested by existing customers;
16. difficulty in maintaining relationships with customers or retaining key employees as a result of uncertainty surrounding the integration of
acquisitions and the resulting negative effects on the business of the Company;
17. consolidation of MCOs, pharmaceutical companies, health systems, physicians and other customers affecting pricing and sales;
18. failure to effectively develop and deploy system modifications or enhancements required in response to evolving market and business needs;
19. customers choosing to insource services that are or could be purchased from the Company;
20. failure to identify, successfully close and effectively integrate and/or manage newly acquired businesses;
21. inability to achieve the expected benefits and synergies of newly-acquired businesses, and impact on the Company's cash position, levels of
indebtedness and stock price;
22. inability of the Company to meet expectations regarding accounting and tax treatments related to the Acquisition;
23. termination, loss, delay, reduction in scope or increased costs of contracts, including large contracts and multiple contracts;
24. liability arising from errors or omissions in the performance of contract research services or other contractual arrangements;
25. changes or disruption in services or supplies provided by third parties, including transportation;
26. damage or disruption to the Company's facilities;
27. damage to the Company's reputation, loss of business, harm from acts of animal rights extremists or potential liability arising from animal research
activities;
28. adverse results in litigation matters;
29. inability to attract and retain experienced and qualified personnel;
30. failure to develop or acquire licenses for new or improved technologies, such as point-of-care testing and mobile health technologies, or potential
use of new technologies by customers to perform their own tests;
31. substantial costs arising from the inability to commercialize newly licensed tests or technologies or to obtain appropriate coverage or reimbursement
for such tests;
32. inability to obtain and maintain adequate patent and other proprietary rights for protection of the Company's products and services and successfully
enforce the Company's proprietary rights;
33. scope, validity and enforceability of patents and other proprietary rights held by third parties that may impact the Company's ability to develop,
perform, or market the Company's products or services or operate its business;
34. business interruption or other impact on the business due to adverse weather (including hurricanes), fires and/or other natural disasters, terrorism or
other criminal acts, and/or widespread outbreak of influenza or other pandemic illness;
35. discontinuation or recalls of existing testing products;
36. a failure in the Company's information technology systems, including with respect to testing turnaround time and billing processes, or the failure to
maintain the security of business information or systems or to protect against cyber security attacks, or delays or failures in the development and
implementation of the Company’s LabCorp Beacon platform, any of which could result in a negative effect on the Company’s performance of
services, a loss of business or increased costs, damages to the Company’s reputation, significant litigation exposure, an inability to meet required
financial reporting deadlines, or the failure to meet future regulatory or customer information technology, data security and connectivity
requirements;
37. business interruption, increased costs, and other adverse effects on the Company's operations due to the unionization of employees, union strikes,
work stoppages, general labor unrest or failure to comply with labor or employment laws;
38. failure to maintain the Company's days sales outstanding and/or bad debt expense levels including negative impact on the Company's
reimbursement, cash collections and profitability arising from the failure of the Company, third party payers or physicians to comply with the ICD-
10-CM Code Set, which was effective October 1, 2015, or arising from unfavorable changes in third party payer policies in connection with the
implementation of the ICD-10-CM Code Set;
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