Healthcare companies have gained more importance this year than in the recent past. The coronavirus pandemic has led to a race among the healthcare companies to develop a vaccine to protect people from this deadly virus.
The United States of America has been the worst affected country in terms of number of people affected with the virus. And hence, there is a race among USA healthcare companies to make a vaccine for its people.
The USA government has also been doing its part – signing up with pharmaceutical companies to produce doses as and when a Covid-19 vaccine is developed – to combat the virus.
Here’s the list of 10 top healthcare companies in the USA.
It is a 57-year-old healthcare provider, with its headquarters in Woonsocket, Rhode Island.
It owns CVS Pharmacy, which is the leading drugstore in USA, with close to 10,000 outlets. It also holds a few other brands such as health insurance provider named Aetna and pharmacy benefits manager called CVS Caremark.
CVS Health was ranked 8th on Fortune 500 list in 2019. It earned an annual revenue of $194.58 billion to be ranked 19th in the Fortune Global 500 list.
It stakes went higher after its acquisition of Aetna for $69 billion in 2017. It is now one of the major players in health insurance in USA.
United Health Group Incorporated
It reported a revenue of $240.3 billion in 2019 to emerge the largest healthcare company in the world in terms of revenue. But it is not just restricted to healthcare services. It provides other services such as data analytics, consulting and pharmacy services. But its healthcare sector provides 80 percent of its total revenue.
It was ranked 7th on Fortune 500 list in 2020. Its headquarters is in based in Minnetonka, Minnesota. Its various divisions include UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.
It is ranked 8th among the companies that generate most revenue in the United States of America. It reported revenue of $231.1 billion in 2020, making it one of the best performing companies in the USA in terms of revenue. Its headquarters is in Irving, Texas.
Apart from distributing medical supplies and pharmaceutical products, it also deals in providing health information technology.
Reports claim McKesson was one of the first healthcare providers in the USA to adopt new technology such as pharmacy robotics, RFID tags, and bar code sanning.
This drug wholesale company tops the list of healthcare providers in terms of distrubution of pharmaceutical products across the USA, holding about 20 percent stake in this sector.
Apart from distribution of pharmaceutical products, it also provides over-the-counter medical goods and supplies. It also provides equipment to health care providers across the USA.
Last year, it took the 10th spot on the Fortune 500 list, after reporting an annual revenue of $153 billion.
This American healthcare company provides various health products such as insurance cover on illness, dental, disability, accident, among others.
Besides offering these products to individuals across the USA, it offers these covers to the employees of companies, including government and non-government organisations, unions and assocaitions.
It had reported a revenue of $153.7 billion in 2019. It took the 13th spot on 2020 Fortune list for USA companies with highest revenue.
It is ranked 14th in the list of American companies that generate most revenue, serving over 100,000 locations across the world. It manufactures and distributes medical products, including gloves, surgical equipment, and other pharmaceutical products.
It distributes medical products in 75 percent of American hospitals. It also runs the biggest network of radiopharmacies in the country. It had reported revenue of $136.81 billion last year.
Walgreens Boots Alliance
Being a holding company, Walgreens Boots Alliance owns and operates various pharmaceutical companies, including Walgreens, and Duane Reade in the USA, and Boots in the UK. Apart from these three, Walgreens Boots Alliance also holds another company called Alliance Healthcare, which distributes healthcare products across Europe.
It is also the parent company to various online stores such as Drugstore.com, VisionDirect.com, and Beauty.com. Overall, it runs its combined business across 25 countries. It reported a revenue of $137.4 billion last year.
Anthem, Inc was founded after the merger of Anthem and WellPoint Health Networks in 2004. It is deemed to be the largest for-profit healthcare provider in the Blue Cross Blue Shield Association, which is a group of 36 health insurance companies in the USA.
It offers various health plans for individuals and companies. It operates under various names such as Anthem Blue Cross in California, and Anthem Blue Cross and Blue Shield in 10 states in the USA. It also provides Medicare and Medicard plans.
As per latest figures, it reported a total of 40 million members. It reported a revenue of $104.2 billion in 2019.
Johnson and Johnson
It is one of the most popular brands not only in the USA, but also across the world, running 250 subsidiary companies across 60 countries. It sells its products in about 175 countries. It is also one of the oldest healthcare providers, dating back to 1886.
It manufactures and distributes over-the-counter medical supplies, pharmaceutical products, and consumer packaged items. Some of its popular brands include Band-Aid, Tylenol, Johnson’s Baby products, Neutrogena skin and beauty products, and Acuvue contact lenses.
It had an employee base of 132,200 in 2019. It reported a revenue of $100 billion in 2019. It is regarded as one of the world’s most valuable companies.
It is one of the few companies across the world that is working on to develop a Covid-19 vaccine.
It is a managed healthcare company that works in various fields such as government-sponsored and private healthcare programmes. Its deals in various programmes such as Medicaid, Medicare, Tricare, ACA health insurance marketplace.
Apart from this, it provides various other services such as behavioural healthcare services, correctional insurnace, in-home health services, and telehealth services.
It reported a revenue of $74.6 billion last year. It took the 42nd spot on the 2020 Fortune 500 list of USA companies with the highest revenue.