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McKesson Corporation
McKesson Corporation

Healthcare & biotech / Healthcare distribution and services

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Overview
McKesson Corporation is a Fortune 500 company and one of the largest healthcare companies in the world. It was founded in 1833 as a small drug store in New York, and has since grown into a global provider of healthcare services and products. McKesson is headquartered in Irving, Texas and has operations in over 16 countries.
The company's main business segments include pharmaceutical distribution, medical-surgical distribution, healthcare technology, and health information solutions. It also has a specialty pharmaceutical services division which provides services to biotech and specialty pharma companies. McKesson's customers include hospitals, pharmacies, long-term care facilities, and healthcare providers.
In addition to its core healthcare businesses, McKesson also has a corporate venture capital arm and recently launched a digital health innovation lab to foster new ideas in healthcare technology.
McKesson is committed to improving the delivery of healthcare around the world and has initiatives in place to lower drug costs and improve patient outcomes. The company also has a strong focus on corporate social responsibility and has been recognized for its efforts in sustainability and community involvement.
McKesson has been recognized as one of the World's Most Admired Companies by Fortune magazine and is consistently recognized for its excellence in customer service and workplace culture. With over 80,000 employees, McKesson is dedicated to providing high-quality healthcare solutions to its customers and making a positive impact on the healthcare industry.
What is special about the company?
1. Global Presence: McKesson Corporation is a multinational company with operations in over 16 countries, making it one of the largest healthcare distribution networks in the world.
2. Diverse Business Segments: McKesson provides a wide range of services and products, including pharmaceutical and medical supplies distribution, pharmacy management, healthcare IT solutions, and medical equipment distribution.
3. Continual Growth: With a revenue of $231.1 billion in 2020, McKesson is consistently ranked as one of the top Fortune 500 companies and has seen steady growth in its business over the years.
4. Leadership in Healthcare Technology: McKesson's technology solutions, such as the EnterpriseRx and Horizon Clinicals systems, are widely used by healthcare providers to manage operations, improve patient care, and reduce costs.
5. Strong Relationships with Customers: The company has a strong track record of building lasting partnerships with healthcare providers and manufacturers, which has contributed to its sustained success.
6. Commitment to CSR: McKesson has a strong corporate social responsibility program, supporting various initiatives in the healthcare industry, including community health projects and disaster relief efforts.
7. Innovative Approach: The company constantly invests in research and development to deliver innovative solutions and stay ahead of the competition.
8. Focus on Diversity and Inclusion: McKesson is committed to fostering a diverse and inclusive workplace and has been recognized for its efforts in promoting diversity and inclusivity in the healthcare industry.
9. Strong Financial Performance: With a solid financial position and strong cash flow, McKesson has the resources to invest in future growth and expansion opportunities.
10. Company Culture: McKesson is consistently recognized as a top employer, with a strong company culture that prioritizes employee development, diversity, and work-life balance.
What the company's business model?
The McKesson Corporation is a healthcare services and distribution company that primarily operates in the United States and Canada. It provides a wide range of products and services to healthcare providers, including pharmaceuticals, medical supplies, and technology solutions.
McKesson's business model is based on being a one-stop shop for healthcare providers, offering them a comprehensive suite of products and services to meet their needs. The company primarily generates revenue through the sale and distribution of pharmaceuticals and medical supplies, as well as through the provision of technology solutions and consulting services.
The company also operates a specialty pharmaceutical business, providing medications and services in areas such as oncology, autoimmune and rare diseases, and other specialty areas.
Additionally, McKesson offers logistics and supply chain management services to healthcare providers, helping them to streamline their operations and reduce costs.
The company also has a significant global presence, providing distribution and healthcare services in several other countries.
Overall, McKesson's business model is focused on providing comprehensive and integrated solutions to the healthcare industry, helping to improve patient care while also driving efficiency and cost savings for healthcare providers.
Interesting facts about the company
1. McKesson Corporation is the oldest and largest healthcare company in the United States, with a history dating back to 1833 when it was founded as a small drug import and wholesaling business.
2. Today, McKesson is a global leader in the healthcare industry, providing pharmaceutical and medical supplies, healthcare technology, and managed care services to over 50% of American hospitals, 20% of physicians, and 100% of health plans.
3. The company’s revenue for fiscal year 2020 was $231.9 billion, with operations in over 150 countries and approximately 80,000 employees worldwide.
4. In addition to its core healthcare businesses, McKesson also has a strong presence in the technology industry, owning a majority stake in healthcare IT company Change Healthcare.
5. McKesson has a diversified customer base, with its top 5 customers accounting for less than 25% of its total revenue. This diversity helps the company mitigate risks and adapt to changes in the healthcare landscape.
6. The company’s commitment to sustainability has earned it a spot on the Dow Jones Sustainability Index for 14 consecutive years.
7. McKesson has a long history of supporting charitable causes and disaster relief efforts. In 2019, the company donated over $10 million to various organizations and causes including disaster relief for Hurricane Dorian, breast cancer research, and opioid addiction prevention.
8. In addition to its primary headquarters in San Francisco, McKesson also has major operations in Richmond, Virginia and Dallas, Texas.
9. McKesson’s CEO, Brian Tyler, was named one of the top 100 most influential leaders in healthcare by Modern Healthcare Magazine in 2020.
10. The company has consistently been ranked as one of the World’s Most Admired Companies by Fortune Magazine, and was recently named one of the Best Employers for New Graduates by Forbes.
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