These are the money-makers: World's 10 biggest healthcare companies by revenue

McKesson Corp. is the world's largest healthcare company by revenue, followed by UnitedHealth Group and CVS Health, according to Verdict Medical Devices.

Here are biggest healthcare companies based on 2017 revenues:

1. McKesson Corp. (San Francisco) – $208.3 billion

McKesson posted a year-over-year revenue growth of 4.9 percent in 2017. The growth is believed to stem from price increases, higher drug utilization, business acquisitions and strong relationships with pharmaceutical distribution business customers in North America.

2. UnitedHealth Group (Minnetonka, Minn.) – $201 billion

UnitedHealth Group achieved a year-over-year revenue growth of 9 percent. The company's UnitedHealthcare and Optum units posted revenue growth of 13 percent and 11 percent, respectively.

3. CVS Health (Woonsocket, R.I.) – $184.7 billion

CVS Health's year-over-year revenue growth was 4.1 percent. The company's pharmacy network, prescription volumes and pharmacy benefit management product rollouts drove the increase.

4. AmerisourceBergen Corp. (Chesterbrook, Pa.) – $153.1 billion

AmerisourceBergen Corporation's pharmaceutical distribution services segment grew, boosting the company's revenue by 4.3 percent year-over-year. The firm's customers, which include Walgreens Boots Alliance and Express Scripts, contributed to 45 percent of the revenue.

5. Cardinal Health (Dublin, Ohio) – $129.9 billion

Cardinal Health reported a 7 percent year-over-year increase in revenue. Its pharmaceutical and medical business segments increased their revenues by 7 percent and 9 percent, respectively.

6. Express Scripts Holding (St. Louis) – $100.06 billion

Prescription drug delivery accounted for 98.2 percent of Express Scripts Holding's total 2017 revenue. The company's pharmacy benefit management segment contributed 95.2 percent to total revenues.

7. Anthem (Indianapolis) – $89.06 billion

Anthem's revenue increase of 5.8 percent year-o ver-year was driven by revenue growth across all of its segments. Its commercial and specialty business revenue grew 5.3 percent, and government business revenue grew 6.2 percent.

8. Kaiser Permanente (Oakland, Calif.) – $72.7 billion

Kaiser Permanente reported a 12.5 percent increase in revenues compared to 2016.

9. Aetna (Hartford, Conn.) – $60.5 billion

Aetna's revenue declined by 4 percent in 2017 from $63.1 billion in 2016. The drop was due to lower premiums, temporary suspension of the health insurer fee and the sale of its group insurance segment for $1.45 billion.

10. Humana (Louisville, Ky.) – $53.7 billion

Lower revenue from Humana's individual commercial segment caused its overall 2017 revenues to decrease by 1 percent year over year. Total premiums and services revenues also dropped 1 percent from the year prior to $53.36 billion.

More articles on improving performance:
Johnson & Johnson, Aetna CEOs land among the 46 top-earning execs
Outpatient clinics' physicians under 40 make $61k less than older colleagues — 14 statistics
8 recent executive changes for ASC leaders to know

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months