McKesson Corporation SuccessStory
Definiteness of purpose is the starting point of all achievement. McKesson runs the business for better health all over the world. It is one of the oldest and largest health care companies in the world. It has played a vital role in the health care services since its foundation in 1833 in New York City, United States. McKesson is the largest company to distribute pharmaceuticals all over the world. The company is currently operates with a turnaround of $122 billion as reported in year 2012. The company distributes medical supplies and various pharmaceutical products.McKesson serves around 50% of the hospitals in the United States. 25% of the physicians and 100% of the health plans are also served by the company. It is the largest pharmaceutical distributor in North America and is a Fortune Global 500 company.
The company was founded as Olcott& McKesson by Charles Olcott and John McKesson. They began the business as an importer and wholesaler of various medical drugs. It was renamed as McKesson & Robbins after a few years of service.The retail name of McKesson is McKesson Provider Technologies. It is the software development division of McKesson. McKesson Provider Technologies acquired Medcon Ltd. in the year 2005. Medcon Ltd. is an Israeli company providing web based cardiac images and information management solutions. Another subsidiary of McKesson is Health Mart. Health Mart has a network of around 3,500 independent pharmacies in the world. McKesson acquired 100% shares in Medis Health from Provigo in the year 1991. Medis Health changed its name to McKesson Canada in the year 2002. It is a wholly owned subsidiary of the McKesson Corporation.
McKesson is a provider of IT services to the health industry in United Kingdom. The corporation is also involved in creating and developing the Electronic Staff Record system that is used in the National Health Service. The software provides payroll handling of the hospitals all around the world.
McKesson Corporation has always addressed various challenges faced by the health care industry today. The corporation is responsible for an overall improved outcome of the clinical and medical services all over the world. In 2013, McKesson Corporation was awarded the title of America’s Most Admired Companies in the world. The corporation also got the Distribution Management Award in the year 2012. The CEO of McKesson is among the 100 most influential people in the health industry. McKesson was also awarded the title of Most Community Minded Companies in United States. The company was ranked 44th on the list by Corporate Responsibility Magazine. McKesson ranks the highest in customer satisfaction among all the drug stores. This award was presented to the Health Mart, one of the main subsidiaries of McKesson.
The business of McKesson is spread over different distribution services like McKesson Pharmaceutical, McKesson Medical-Surgical, Moore Medical, Zee Medical, McKesson Pharmacy Solutions, etc and various technology solutions services include Relay Health, Enterprise Information Systems, McKesson Health Solutions, McKesson International Operations Group, McKesson Business Performance Services, etc.