LMT's 2021 Fee Survey Report: Emerging from the Pandemic: Optimism, Workloads and (Some) Fees are Up

By Maribeth Marsico

Posted Aug 12, 2021 in LMT Surveys

Despite a tumultuous 2020, 70% of laboratory operators are optimistic about the future and two-thirds report increased sales and profitability during the first half of this year, according to results of LMT’s 2021 Fee Survey.


Specifically, 41% say sales were markedly up and another 27% say they were slightly up. Reported profitability for the first half of the year is also encouraging: 30% say profits were markedly up and 36% say slightly up. (See graph below for details.)


While the industry as a whole held its breath during the COVID-19 shutdown in spring 2020, business seemed to bounce back for many laboratories almost immediately. Although it was initially attributed to a backlog of cases, 57% of respondents say they’ve remained consistently busier than usual since the lockdowns were lifted.


Some attribute the increased volume to patients having more disposable income due...

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About The Author

  • Maribeth Marsico

    Senior Editor at LMT Communications, Inc. · Cheshire, CT

    A 30-year veteran of the editorial department, Maribeth loves getting to the heart of the story. She especially enjoys creating and analyzing reader surveys and staying in touch with our readers.

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