The healthcare industry is one of the fastest-growing industries. This industry includes around the 10% GDPs of the country in the most developed nations. According to a report in 2021, this industry has reached $4.3 trillion in the U.S. alone. Also, the healthcare industry lets us know how a country is growing and providing all the necessary facilities to its citizens. The healthcare industry is predicted to reach USD 188.2 billion by 2025 globally.
Additionally, as we know, a good healthcare infrastructure is necessary for the well-being of a country. The U.S. healthcare industry is considered among the top countries with outstanding facilities. As a result, the following write-up will walk you through the top 5 healthcare companies in the United States and tell you the services they offer.
1. CVS HEALTH
CVS Health is a leading healthcare company in America. This company works as a healthcare provider and pharmacy benefit manager. It owns a retail pharmacy chain CVS Pharmacy. One of its famous brands is Aetna which provides consumers with direct and traditional healthcare insurance as well as other related services. Formerly it was known by the name of CVS Corporation and CVS Caremark Corporation. The company is working on incorporating the technology to avail cost-effect treatments to the public.
CVS CAREMARK
CVS Caremark is known for providing fully-fledged prescription management services. This brand provides Intravenous therapy (Infusion services), mail-order pharmacy services, and specialty pharmacy services. The primary clients of this company are government employees, insurance companies, health plans, employers, etc. Apart from that, Managed Medicaid plans and other individuals and sponsors of health benefit plans also take its services across the U.S.
CVS PHARMACY
CVS is among the most significant retail pharmacy chains in the U.S. The company’s 9,600 stores are spread across all 50 states. More than one of every five prescriptions in the United States is filled by the CVS pharmacy. The company is mainly operating under the names such as CVS Pharmacy, Navarro Discount Pharmacy, long drugs, Drogaria Onofre, and CVS. Also, one of the programs of this company, the ExtraCare loyalty program, includes over 70 million card holders. As a result, it has become the most extensive retail loyalty program.
HEALTHHUB
HealthHUB provides various types of additional services with the traditional CVS locations. However, this only works inside the select CVS locations. This brand is known for offering a variety of Durable Medical Equipment, Compression Therapy, Home and Health technology, and Sleep Apnea. The HealthHUB staff includes Care Concierges, who are experts in the products and services of the brand.
CORAM
It is one of the country’s largest infusion services providers. It is also known for providing compliance and clinical monitoring, education, and individual patient counseling. Every year, the brand cares for around 140,000 patients. It is active in more than 85 locations through a national network. Also, it is the largest provider of home infusion networks in the United States.
MINUTECLINIC
MinuteClinic is located inside CVS Pharmacy locations within the country. This brand is the largest walk-in medical store in the United States. It operates in more than 1,100 locations in 33 states as well as in the district of Columbia.
ACCORDANT
It provides rare disease case management. Also, it offers care management services for chronic diseases, rare, and caregivers. The primary health plans include employers, health planners, and third-party administrators (TPAs). It is a subsidiary of CVS Health Corporation.
2. UNITEDHEALTH GROUP
UnitedHealth Group Corporation is an insurance and multinational managed healthcare company. It is an American for-profit company. The prominent products of this company are care and insurance services. This company is the world’s seventh-largest company by revenue and the largest healthcare company. In 2022, the company was ranked 11th in the Fortune 500 Company.
The products and services of UnitedHealth Group are as follows:
- UnitedHealthcare Choice: This service works as an HMO plan that offers various specialists. Additionally, it also offers the UnitedHealthcare Choice Plus HMO, which provides out-of-network coverage.
- UnitedHealthcare Select: it is a hybrid health insurance program exclusive provider organization (EPO). Also, it does offer any coverage for out-of-network providers.
- UnitedHealthcare Select Plus: This service focuses on the preferred provider organization (PPO).
- UnitedHealthcare Navigate, Charter, and Compass: This service mainly focuses on fulfilling the requirement of primary care physicians to get in contact with a specialist.
3. HCA HEALTHCARE
HCA Healthcare, Inc. is a prominent for-profit company that provides the best healthcare facilities. This company has numerous sites of care, free-standing emergency rooms, urgent care centers, surgery centers, etc. Also, it has around 180 hospitals and around 2,000 sites of care. Plus, it has physician clinics in 21 states of the U.S. and the United Kingdom. The company was ranked 62nd place in the Fortune 500 company in 2021. Formerly the company was known by the name of HCA Holdings, Inc.
The prominent services offered by HCA Healthcare are as follows:
- Urgent care facilities
- Acute care hospitals
- Behavioural health centers
- Physician practices
- Free-standing ERs
- Ambulatory surgery centers
4. MCKESSON CORP. (MCK)
McKesson Corporation is a pharmaceutical distributor. This company also provides medical supplies, healthcare management tools, and health information technology. The company has around 78,000 employees working with the company. In addition, McKesson offers a comprehensive network infrastructure for the healthcare industry. The subsidiaries of this company are HealthMart, Rexall, McKesson Europe, and Unipix. The products of this company are as follows:
- Medical Technology
- Healthcare Services
- Pharmaceuticals
WHAT IS THE MARKET STAND OF THIS COMPANY?
With a market capitalization of $53.3 billion, this company belongs to the top healthcare companies in the U.S. Additionally, the net income of the company is around $2.1 billion. The company has partnered with biopharma companies, manufacturers, pharmacies, care providers, and others. This company successfully provides its services and products in 14 countries.
5. AMERISOURCEBERGEN CORP. (ABC)
AmerisourceBergen Corporation originated by merging two companies, Bergen Brunswig and AmeriSource. It is a leading drug wholesale company and offers consulting services related to patient services and medical business operations. This healthcare company is also known for providing various brand names and pharmaceuticals.
It also offers Home Healthcare Supplies, Over-the-Counter (OTC) healthcare products, and equipment to healthcare providers nationwide. The company includes independent and chain retail pharmacies, clinics and other site facilities, acute care hospitals and health systems, assisted living centers, and nursing. Products of the company include Pharmaceuticals and Pharmacy services.
WHAT IS AMERISOURCEBERGEN CORP. (ABC) FAMOUS FOR?
It is among the top healthcare companies famous for its pharmaceuticals and nursing services. The number of people was around 42,000 as of 2021. It manages 20% of the pharmaceuticals sold across the United States. Additionally, with annual revenue of $179 billion, this company was ranked 10th in the Fortune 500 company in 2020. The owner of this company is Walgreens Boots Alliance.
CONCLUSION
The healthcare industry includes hospitals, health systems, health facilities, pharmaceuticals, pharmacies, and others. Healthcare has become one of the biggest markets around the world. Plus, this industry has promising growth of manifolds in the upcoming years. Here you get to learn about the top five healthcare companies and their primary products. If you are looking to gather more information on top healthcare industries, you can explore Consultwiki.com.
FAQS :
WHAT ARE THE MAIN HEALTHCARE SECTORS?
The major healthcare sectors are as follows:
- Healthcare Provider and Services
- Pharmaceuticals
- Life Sciences Tools and Services
- Biotechnology
- Healthcare Technology
- Healthcare Equipment and Supplies
WHY IS IT IMPORTANT FOR HEALTHCARE?
Advanced healthcare ensures the well-being of the citizens by offering necessary aid and finding the diagnosis of diseases. Also, the development of healthcare aims to provide cost-effective treatments for the unprivileged people of a nation. The major sectors of this industry include Healthcare Equipment and Supplies, pharmacy, biotechnology, medicines, Life Sciences Tools and Services, and many others.
WHAT IS THE TOP HEALTHCARE COMPANY IN THE WORLD?
UnitedHealth Group is the biggest healthcare company in the world. The market capital of this company is $486.6 billion. And the annual revenue of this company is $19.4 billion. UnitedHealth is a health insurance company. However, this company also offers the services of consulting and data analytics services to healthcare providers.
Source : – top 5 healthcare companies
