Healthcare has been one of the most important basic amenities without which a proper and systematic life is unimaginable. In olden times where it was normal for people to suffer from common diseases and sometimes even die, healthcare was not that much a matter of concern. But now with a new improved system where extensive research is being done on almost every kind of possible disease that harms living beings, it is normal for the nations to spend a lot of its resources in healthcare and its development, and a lot of institutes and companies are devoted in doing that.
It comes as no surprise that most of the countries also prefer to prioritise healthcare services over the security and military services. It is also speculated that with the coming years, there will be a significant increase in the healthcare services rendered and the number of people working on it. It is therefore worth considering that healthcare is one of the basic services that any country needs to pool its resources into. This is one sector that directly influences the growth of a nation as healthy individuals are the stretch of the nation. So here is a list of the top 10 best healthcare companies in the world 2018.
Table of Page Contents
Aetna became an surprising industry leader and saw phenomenal growth when CEO Mark Bertolini declared in January that the company would boost its minimum wage to $16 an hour. The pay raise, which led similar moves by Wal-Mart and McDonald’s, will affect 5,700 of Aetna’s lowest-paid workers. Even as the health insurance industry has been altered by the Affordable Care Act-in both good and bad ways-Bertolini believes the move is good business, largely paying for itself by making workers more productive.
At the 9th position is Anthem, known as Wellpoint before last year is one of the major healthcare service provider in the United States. It was in the news after it faced a major Hacker Attack. The attack exposed names, birthdays, Social Security numbers and other personal data, though there’s still no evidence that any medicinal data or fiscal information was broke. Anthem, the second-biggest health insurer in the U.S., is trying to get back to the track in its business.
8. Johnson & Johnson:
Johnson & Johnson boasts a stable of 24 brands and platforms that each generate over $1 billion in sales. That helped boost the company’s overall sales to $74.3 billion last year, up 4.2% year-over-year. Much of that was a credit to Johnson & Johnson’s pharmaceutical segment, which is the fastest-growing of the top 10 pharmaceutical businesses in the U.S., Europe and Japan.
7. Walgreens Boots Alliance:
Walgreens Boots Alliance has a presence in more than 25 countries worldwide and employs some 370,000 people. This conglomerate ranks at 7th position in the list and the past year was a pivotal time period for the company as it underwent a major merger that became the talk of the town. Walgreens and UK-based Alliance Boots completed their merger to forge a new company–the world’s first global, pharmacy-led health and wellbeing enterprise.
6. Cardinal Health:
Cardinal Health, a drug wholesaler that also makes gloves and surgical apparel, has been on a buying spree lately in a bid to shore up future earnings. The partnerships and acquisitions that CH ventures into are a way for Cardinal Health to increase the portfolio of medical products that it sells to hospitals, physicians and ambulatory centers. It’s also further expanding into services and support for customers that are moving from the traditional hospital model to larger integrated systems across various sites of care.
5. Express Scripts Holdings:
Express Scripts, a full-service pharmacy benefits manager, has been rewarded by industry consolidation that has cut costs and boosted its bargaining strength against pharmaceutical companies. Express Scripts led the wave of consolidation in this sector when it bought Medco Health Solutions for almost $30 billion in 2012. The deal doubled its revenues and positioned the company as the No. 1 pharmacy benefits manager.
AmerisourceBergen, one of the largest global pharmaceutical distribution and sourcing services companies, has been flying high since initiating a partnership with Walgreens Boots Alliance in 2013. AmerisourceBergen is also venturing into the fast-growing animal health industry following its purchase of MWI which sells everything from pharmaceuticals for pets to pet food and equipment. U.S. veterinary spending on pets has grown at about 6% per year over the past seven years — and it’s an industry that isn’t subject to government pricing pressure.
3. UnitedHealth Group:
United Health Group serves more than 85 million patients worldwide with its health benefits and services. It’s the largest U.S. health insurer, surpassing the likes of Kaiser Foundation Group and Anthem. Their businesses don’t stop there: CEO Stephen Hemsley has been investing heavily in Optum, its health services arm, which includes a pharmacy benefits manager (PBM) and health data analytics.
McKesson, the largest U.S. pharmaceutical distributor, has been on a roll thanks to rising sales in its wholesale drug distribution segment and its increased stake in Celesio. Currently at the 2nd position in the list, it has always been a company that saw significant growth in the recent past. It first acquired 50.1% of that German company Celesio in October 2013.
1. CVS Health:
CVS Health is already the nation’s biggest retailer of prescription drugs and second-largest pharmacy benefits manager and is growing its reach to become a fully integrated provider of health services. The Target pharmacies and Omnicare deals build on a grander shift managed by CEO Larry Merlo, who has been transforming the drug-store chain into a full service healthcare chain. This conglomerate has been a major leader in the sector and has been there since a long time.
This was the list of the top 10 best healthcare companies in the world 2018 that have been rendering great service to the society with medical and financial assistances in all over the world. These companies are so important and crucial in determining the Healthcare services in the countries which these companies serve in. And, these companies are very much trustworthy and are known to provide immediate assistances.