The ongoing pandemic situation is an eye-opener for all those who believed that the medical industry of the world is incompetent. Today, we have successfully found a cure for mitigating the deadly virus and can hope for the epidemic to come to an end soon. This success has been possible only because of the joint efforts, expertise, efficient minds, and sense of responsibility of the healthcare and medical sectors.
Recently, according to the reports, the USA has become the first country to receive zero death rates. It is the fruit of the sincere medical staff and the public to realize the importance of taking vaccinations and restricting unnecessary outings. So, let’s take a look at the top 10 healthcare companies in the USA according to their founding years mentioned below:
List of Best Healthcare Companies in the USA
McKesson Corporation is an American pharmaceutical and medical technology company co-founded by John McKesson and Charles Olcott in 1833. The healthcare company is managed by Brian S. Tyler and has its headquarters in Irving, Texas. Its main aim is to provide healthcare equipment and medical services to more than 16+ countries of North America.
The company provides technologies like RFID tags, barcode scanning, and pharmacy robotics. It also focuses on implementing and developing software that helps in keeping track of the successful delivery of medical supplies to its clients. McKesson Corporation has a strong team of 78000 employees and various subsidiaries like Rexall Pharmacy Group, Medcon Ltd, Celesio, NDC Health, and Health Mart. It also attained 8th rank in the Fortune500 list and has been named as the profitable opioid epidemic of the USA.
Aetna Inc, formerly known as Aetna Life Insurance Company, is an American healthcare and health insurance company founded by Eliphalet Adams Bulkeley. The company came into existence in the year 1853 and has its headquarters in Hartford, Connecticut. It is jointly managed by Karen S. Lynch (President), Mark Bertolini (CEO), Richard di Benedetto (Vice President), and Thomas Sabatino (General Counsel).
The company is working under the jurisdiction of CVS Health since 28th Nov 2018 and has a strong workforce of 50000 employees. It aims to provide various medical, dental, and pharmaceutical services along with single, group, long-term, and disability insurance plans. It has a vast network of 12 lakh+ healthcare professionals, 6 lakh+ doctors & specialists, and 609 million group insurance members.
Johnson & Johnson
Johnson & Johnson is one of the most popular consumer goods and healthcare products manufacturing companies in the world. It started in the year 1886 through the joint efforts of Robert Wood, James Wood, and Edward Mead Johnson. It has its headquarters in New Brunswick and New Jersey and is managed by Alex Gorsky (CEO), Paul Stoffels (CSO), and Joaquin Duato (Vice-Chairman).
The healthcare company is well-known because of its famous products like Johnson’s baby range, Band-Aid; Clean & Clear face wash, Neutrogena skincare range, and Acuvue contact lenses. The company has more than 250 subsidiary firms under its jurisdiction and operates in 60 countries all over the world. Some of its well-known subsidiaries include Janssen Biotech, Cilag, Vision, Crucell, Tibotic, Ethicon Inc, Acclarent, Pharmaceutica, and McNeil Consumer.
Johnson & Johnson also specializes in sectors like Immunology, Oncology, Tuberculosis, Neuroscience, Orthopedics, Oral & Skin Care, Cardiovascular, and Pulmonary Hypertension. The company ranks 3rd for its environment-friendliness in “Newsweek’s Green Rankings”. It is one of the members of the National Green Power Partnership and manages the world’s largest solar power generator in Pennsylvania.
CVS Health, formerly known as CVS Caremark Corporation, is an American healthcare company having its headquarters in Woonsocket, Rhode Island. The company came into existence through the efforts of Stanley & Sidney Goldstein and Ralph Hoagland in 1963. It is managed by Karen S. Lynch (CEO) and supports 3 lakh employees. The company aims to render quality and affordable healthcare services through 9967+ stores and branches all over the world.
CVS Health company holds 5th rank on the Fortune 500 and 13th on the Fortune Global 500 list. It also has a long list of subsidiary companies working under its jurisdiction. Some of these subsidiary companies include:
· CVS Pharmacy is one of the largest pharmacy chains in the US, including 9600+ stores in 50 states.
· Minute Clinic is one of the largest walk-in clinics in the US, having more than 1100+ branches in 33 states.
· Longs Drugs is a retail pharmacy chain that provides medicines to more than 40+ drug stores in Hawaii State.
· Navarro Discount Pharmacies is a separate brand in the US that provides medical aid to Miami-Dade and Broward Counties.
· CVS Specialty is the largest specialized pharmacy in the US designed to provide medical services to patients having chronic and genetic diseases.
· Accordant is also a subsidiary company that provides medical aid to patients including employers and third-party administers suffering from chronic and rare diseases.
· Omnicare specializes in providing long-term assistance to all those patients who are skilled in nursing and the medical field all over the US.
Subsidiaries such as Coram, Health Hub, and CVS Caremark provide various counseling, educational, compression therapies, and Medicaid facilities for the physical and financial assistance of patients. CVS Health Company restricts the selling of tobacco and cigarette products as they are a contradiction to healthcare. It offers various grocery, makeup, beauty, and household products under its Gold Emblem and Radiance Platinum brand.
Cardinal Health Inc is an American medical service and equipment manufacturing company founded by Robert D. Walter in 1971. The company has its headquarters in Dublin, Ohio, and is managed by its current CEO Michael Kaufmann. It has a strong workforce of 50000 employees who contribute to manufacturing medical and surgical supplies like gloves, apparel, and fluid management equipment. The company provides pharmaceutical assistance to more than 1 location all over the world.
The drug wholesaler company ranked 16th on the Fortune500 companies list and holds one of the hugest networks of radio pharmacies in the world. It aims to provide effective and accurate medical services to patients at a reasonable and affordable cost. Cardinal Health Inc also operates many charitable foundations and lends its support to organizations like Ronald McDonald House Charities. It has also received the Benefactor of the Year Award at the Corporate Caring Awards held in 2011.
United Health Group is an insurance and healthcare company founded by Richard T. Burke in 1977. The company is jointly managed by Stephen J. Hemsley (Chairman), Larry C. Renfro (Vice-Chairman), and Sir Andrew Witty (CEO). It has its headquarters in Minnetonka, USA, and specializes in data analytics, consultation, pharmacy, and healthcare services. The main aim of the company is to provide healthier life to the people through innovative and advanced medical facilities.
UnitedHealth Group is the largest insurance providing company in the USA in terms of net premiums and ranks 7th in the Fortune500 list in terms of revenue generation. It offers various insurance and healthcare services to all 50 states in the US and more than 130+ countries worldwide.
The insurance company is divided into four sections: individual & employer benefits, Medicare & Retirement services, Community & State coverage, and Global medical assistance. It offers various group insurance plans for provider organizations like UnitedHealth care Select, Select Plus, and Choice, and UnitedHealth care Navigate, Charter, and Compass. The healthcare group also operates two non-profitable private foundations such as United Health Foundation and UnitedHealth Children’s Foundation.
The next on our list is the public trading health insurance company known as Centene Corporation established in the year 1984. It is founded by Elizabeth Betty Brinn and managed by Michael F. Neidorff (CEO) and Cynthia J. Brinkley (President). The company has its headquarters in St. Louis and is the second-largest public trading organization in the USA. It also ranked 24th in the list of Fortune500 companies in terms of revenue.
The main aim of the company is to offer Medicaid, Medicare, and health insurance policies to both uninsured and low-income groups. It also provides several telehealth & counseling services, correctional insurance, pharmacy benefit management, and in-house health amenities. Some of the subsidiary companies working under its jurisdiction include Ambetter, Operose Health, Centurion, Health Net, Ribera Salud, Fidelis Care, Well Care, and Trillium Health Care.
Express Scripts Holding
Express Scripts Holding Company is one of the largest pharmacy benefit management companies in the USA. It came into existence in 1986 and has its headquarters in St. Louis County, Missouri. The company has a capable workforce of 27000 employees and specializes in offering the best workers compensation, insurance plans, and employee benefits.
Express Scripts Holding works under the jurisdiction of Cigna Corporation and is managed by its President Tim Wentworth. It has many subsidiary companies like Accredo, eviCore, Curascript, and Medco Health Solutions working together to serve patients worldwide. The company offers various services such as drug data analysis, specialized pharmacy centers, network-pharmacy claim processing, and home delivery of medical supplies. It is the first pharmaceutical company to open its headquarters at the college campus of the University of Missouri and ranks 50th on the Fortune500 company list.
AmerisourceBergen is one of the largest pharmaceutical distribution companies in the USA. It came into existence after the merger of AmeriSource Health and Bergen Brunswig in 2001. The company has its headquarters in Chester brook, Pennsylvania, US, and is jointly managed by Richard C. Gozon (Chairman) and Steven H. Collis (President and CEO). It supports more than 22000 employees and ranks 10th on the Fortune500 list of companies in terms of revenue.
AmerisourceBergen Corporation aims to provide quality and cost-effective medicines and other medical necessities to improve patient’s health. The company renders medical assistance, nurses, physicians, living centers, mail order facilities, long-term care, and workers’ compensation. Its work is distributed into four sections: AmerisourceBergen Drug Corporation (ABDC), AmerisourceBergen Specialty Group (ABSG), AmerisourceBergen Consulting Services (ABCS), and World Courier.
The company also has a cooperative network of 3400+ independent pharmacies called the Good Neighbor Pharmacy. It holds a four days trade show in July called the Thought Spot in Las Vegas which focuses on helping medical experts to discuss and improve the present and future of the healthcare industry.A
Anthem, formerly known as WellPoint, is an American health insurance company having its headquarters in Indianapolis, US. The company came into existence in 2004 after the merger of Anthem and WellPoint Health. It is jointly managed by Elizabeth E. Tallett (Chairman) and Gail Koziara Boudreaux (CEO & President) and has an experienced workforce of 71000 employees. The company aims to provide long-term insurance benefits to its clients and ranks 29th on the Fortune500 list.
Anthem Inc is the second-largest insurance company in the US after Cigna and is well-known for its innovative and affordable health insurance policies and plans. It owns the highest stake in the Blue Cross Blue Shield Association and offers insurance services to more than 40 million members. The company also provides various healthcare and Medicare facilities to some states of the US like California, Georgia, Ohio, New York, Colorado, Virginia, Nevada, and Connecticut.
It is very crucial to consider certain factors before investing in any of the above healthcare companies. Some of these factors include fair plan disclosure, payment relaxations for premium cost, medical expenses covered, and out-of-pocket expenses to be paid. Researching, Analyzing, and Investing are three essential prerequisites while selecting the best healthcare company.