Health facilities, the manufacture of medical instruments and medications, health insurance companies, and patient care are only a few of the industries that make up the entire healthcare system. The healthcare industry is expanding at a rapid pace, especially in the second decade of the twenty-first century, with more companies joining the list of healthcare providers with many creative solutions. This sector offers a variety of services when it comes to developing new solutions. For example, this sector collaborates with software solution providers to develop a variety of healthcare software solutions. Telemedicine is one of the solutions that allows doctors to communicate with patients who are thousands of miles away.
It is not an easy job to rank healthcare companies among the top ten companies. Employee efficiency, USP (unique selling points), business credibility, and successful management are only a few of the critical factors that have made them liable among these top companies over the years. Furthermore, some of these health-care businesses have made it onto the Fortune 500 list, and their Glassdoor, Good firms, Google, employee, and customer scores are compared to the healthcare solutions they provide. The top ten healthcare companies in the United States are listed below, based on the aforementioned factors.
Aetna ($50 billion) :
It was founded in 1853 and is based in Hartford. Its mission is to provide creative incentives, goods, and services to individuals, employers, healthcare professionals, manufacturers, and others. CVS Health Corporation owns Aetna, which is a subsidiary organisation. Aetna has seen unexpected growth since 2016. Aetna has about 22.1 million medical members, 12.7 million dental employees, 13.1 million pharmacy-related service providers, 1.2 million healthcare practitioners, and over 6,90,000 primary care physicians and specialists, as well as 5,700 hospitals.
Aetna also offers telemedicine services, specifically addressing the needs of patients by waiving members' telemedicine out-of-pocket costs, particularly during the COVID-19 crisis.
Anthem ($73.9 billion) is the second largest company in the world.
Anthem was founded in 1946 in Indianapolis, Indiana as Mutual Hospital Insurance and Mutual Medical Insurance Inc. Until the 1970s, the company had experienced substantial expansion, controlling 80 percent of Indiana's medical health insurance industry. WellPoint Health Networks Inc. and Anthem Inc. combined in November 2004 to create the world's largest health insurance companies. WellPoint Inc. was renamed Anthem Inc. in 2014. Anthem is a major provider of healthcare benefits in the United States. It offers a variety of health-benefit programmes, as well as comprehensive health-care plans and support services.
As a valued member, Anthem Inc. is dedicated to establishing good relationships with physicians, nurses, clients, hospitals, and other healthcare professionals. PPOs, HMOs, various hybrid and specialty products, network-based dental products, and cost-effective alternatives to control costs have all been developed by Anthem associated health plans. With its LiveHealth Online product, it aims to provide innovation and offers healthcare software development solutions to have more advanced ways of providing healthcare services. For non-emergency treatments and in the event that the doctor is unavailable, LiveHealth Online allows patients to have an online video session with the doctor using their smartphones. This programme began in 2013, with doctors available 24 hours a day, seven days a week, regardless of holidays.
UnitedHealth Group ($242.2 billion) is the third largest company in the United States.
UnitedHealth Group is another of Minnetonka, Minnesota's most well-known for-profit owned healthcare firms. It provides health insurance and other healthcare goods to its customers. UnitedHealthcare, with a turnover of $242.2 billion, is one of the world's largest healthcare companies. UnitedHealth Group's healthcare revenue accounts for 80% of the company's total revenue. On the 2019 Fortune 500, the company is ranked 6th.
UnitedHealthcare is required to sell a range of healthcare insurance options, including plans for people over the age of 65 and for people under the age of 65 who are disabled. Person and family plans are available to meet the individual and family needs. Furthermore, short-term insurance plans that meet the needs of the transition period. Small business plans that cover up to 99 people, dental plans, and Medicaid plans that cover the needs of low-income people are all available. On the other hand, other than their health insurance products they have telehealth product that allows the patient to access the healthcare service while sitting at home.
Centene Corporation ($74.6 billion) is the fourth largest company in the world.
Centene Corporation based in St.Louis founded in 1984 is one of the largest publicly-traded company and a multi-line managed healthcare enterprise and biggest and serves as a major intermediary between government and privately-held companies. Being the second-largest publicly traded corporation in the Missouri United States, it is ranked 61 in 2018 in Fortune 500s based on the total revenue earned among the largest United States healthcare.
Centene has a variety of business segments that contains various health insurance namely Medicaid, ACA Healthcare insurance marketplace. Where Medicaid is one of the largest health insurance provider among other business segments.
WellCare Health Plans founded in 1985 in Tampa Florida is a subsidiary of Centene Corporation.
5) McKesson Corporation ($224.9 Billion)
McKesson Co. based in Irving Texas, is the seventh highest revenue grossing in American Healthcare. It is famous for distribution of pharmaceuticals, providing healthcare software development solutions. In addition, to provide any healthcare solutions, McKesson is one of leading healthcare infrastructure for bar-code scanning for distribution, pharmacy robotics and RFID tags. One of the fortune 500s and have provided exceptional technology services with the assistance of its software development division. The market share of McKesson Co. is 50% of all health systems in the United States, 20% of all physician practices, 25% of home care agencies and 77% of health systems with more than 200 beds.
In 2005, McKesson co. acquired an Israeli company named Medcon, provides web-based cardiac image and information management system for heart centers including digital image management, archiving, procedure reporting and workflow management.
6)AmerisourceBergen ($182.1 Billion)
Bergen is a drug wholesale company based in Pennsylvania, United States was formed by the merger of Bergen Brunswig and AmeriSource in 2001. They provide drug distribution and relevant services aimed to improve the patients’ outcome while reducing the cost of a pharmaceutical product. In their product line, they are covering every aspect of healthcare from drug development to its distribution plus improving the financial hurdles for their customers through cost-effectiveness.
With their aim to deliver the right product to be delivered at the right time and to the right patient, they are focusing on delivering the millions of drugs every day, with assurance of their peace of mind by collaborating with their partners for the betterment of health of their patients. Moreover, bridging the gap between the patients and healthcare providers so they spend more time with doctors and have more control over their health.
7) Cigna ($153.616 Billion)
Another Fortune 500s company providing global top healthcare it companies services headquartered in Bloomfield, Connecticut, United States. Cigna has many insurance subsidiaries that provide insurance benefits for medical, dental, disability, life and dental insurance benefits. For its customer, it offers various life and health insurance plans for its US customers primarily and for selected international markets. Cigna has full-service staff with Health Maintenance Model and satellite clinics operated throughout the region under Cigna Medical group.
Among Fortune 500s it is ranked 73 in United States Fortune 500s. It products includes a wide variety of individual and group health insurance plans. Dental insurance plans, Medicare plans, Medicare supplement plans, other supplemental insurance and International Health Insurance are individual coverage plans. Employee plans and policies and Employer Group solutions are the products covered under insurance through employers plans.
8) HCA Healthcare ($46.62 Billion)
HCA American Healthcare for-profit operator located in Nashville Tennessee and United Kingdom, founded in 1968. HCA went public in 1969 and ranked 67 in 2019 among the Fortune 500s for one of the largest United States Corporation in terms of revenue. By 2019, HCA Healthcare managed 185 hospitals, 119 freestanding surgery centers, freestanding ER’s, urgent care centers and physician clinics in United States.
9) Cardinal Health ($136.80 Billion)
Cardinal Health founded in 1971, formerly started off operations as wholesaler foods, after acquiring Bailey drug company in 1979, it began wholesaling drugs as cardinal distribution. Cardinal Health is now 14th highest grosser company of United States of America. With headquarters based in Dublin, Ohio and Dublin Ireland – it is specialized in distribution of pharmaceuticals in 100,000 different locations. With its products bridging the gap between quality products and increasing demand of savings. They are offering clinician-preference, cost-efficient products with high-quality care. Their medical products include; Anesthesia, Cardiovascular, Compression, Durable medical equipment, enteral feeding, Gloves, infection control, Laboratory products, patient care, patient monitoring and other products related to maternal health.
Furthermore, they are offering pharmaceutical products as well that includes drugs including influenza, Specialty drugs, nuclear medicine and biosimilar.
10) Abbott Laboratories ($31.90 Billion)
Abbott Laboratories is American multinational medical devices and pharmaceutical company located in Abbott Park Business Center in Illinois, United States. It is founded in 1888 by a Chicago based physician Wallace Calvin Abbott. Its product range includes; medical devices, diagnostics, branded generic medicines and nutritional products
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