Senior Management is Clueless - Research LipoScience Employee Review

2.0
Dec 14, 2013
Recommend
CEO approval
Business outlook

Pros

Co-workers are the best people I've ever worked with. They hire people on interpersonal skills. Relaxed work environment. Salary employees generally have autonomy, and are not micromanaged. They have one test LDL-P that is a cash cow. The test has the ability to really provide managed care of cardiovascular disease.

Cons

The downside is that with only one test, there isn't much incentive for outside laboratories to install a large NMR instrument. Competitors are increasing pressure, and doctors and insurance companies are transitioning to a cheaper alternative, APO-B. Senior management has spent resources on projects that were known to be worthless. Most hiring is of people who are connected to senior management form previous companies, promotions are also this way. Employee stock options are worthless even if you were there from the beginning. Promotions from within the company are few and far between.

Explore other reviews about LipoScience

5.0
Mar 17, 2019
Recommend
CEO approval
Business outlook

Pros

Great people. Great environment. Appreciated employees

Cons

No Longer in business,bought by labcorp

1.0
Jul 22, 2014
Recommend
CEO approval
Business outlook

Pros

The founder of the LDL-P is a good person who truly has invested his time (life) and passion to bring a better measure of CVD/MI risk than the traditional cholesterol test.

Cons

Dispite the innovation of the NMR and the real potential to save 10s of millions of dollars a year in health care cost, the poor management over the last several years has not only failed the company but sadly the medical community. Patients will continue to have heart attacks that could have been managed appropriately with LDL-P. Out of control spending and poor stock performance caused layoffs. It reflects poorly on the senior leadership and the CFO. Talented people as of this review are gone or going. Remaining employees are milking the salary as long as they can. Very few employees are inspired or excited about the company. There is a serious dissatisfaction with leadership as a result, synergy is a thing of the past. Teamwork, enthusiasm and vision are missing and the cloud of poor insurance coverage and zero sales momentum are stalling any real success. Unfortunately there is no sign of improvement on the horizon. The company has failed to hire the appropriate leaders. The 4 years of solid growth ending in 2012 was delivered by people that are long gone. The sales model is guaranteed to run off the most successful producers with in 3 years.

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