Profile: McKesson Corp (MCK.N)
24 Jun 2016
McKesson Corporation (McKesson), incorporated on July 7, 1994, is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two business segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers, and practice management, technology, clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical, patient care, financial, supply chain and strategic management software solutions, as well as connectivity, outsourcing and other services, including remote hosting and managed services, to healthcare organizations.
Distribution Solutions Segment
McKesson Distribution Solutions consists of businesses, such as North America pharmaceutical distribution and services, international pharmaceutical distribution and services, and medical surgical distribution and services. The Company's North America pharmaceutical distribution and services business consists of business units, such as the U.S. Pharmaceutical Distribution, McKesson Specialty Health, McKesson Canada, and McKesson Pharmacy Systems and Automation.
The U.S. Pharmaceutical Distribution business supplies pharmaceuticals and/or other healthcare-related products to customers across the United States in three primary customer channels, such as retail national accounts, including national and regional chains, food and drug combinations, mail order pharmacies and mass merchandisers; independent retail pharmacies, and institutional healthcare providers, including hospitals, health systems, integrated delivery networks, clinics and alternate site providers. This business also provides solutions and services to pharmaceutical manufacturers. The U.S. pharmaceutical distribution business operates and serves customer locations through a network of around 29 distribution centers, as well as a primary redistribution center, a redistribution center and two repackaging facilities, serving 50 states of the United States and Puerto Rico.
The McKesson Specialty Health business provides solutions for oncology and other specialty practices operating in communities across the United States, as well as for pharmaceutical and biotech suppliers who manufacture specialty drugs and vaccines, payers and hospitals. The Company provides direct-to-physician specialty distribution services. It offers third party logistics (3PL) for vaccine distribution, including its distributor relationship in the Centers for Disease Control and Prevention's (CDC) Vaccines for Children program. The Company offers iKnowMed and iKnowMed Generation 2 Electronic Health Record, Lynx integrated technologies, and clinical and practice management tools. McKesson Specialty Health supports the US Oncology Network and US Oncology Research.
McKesson Canada is a pharmaceutical distributor in Canada. McKesson Canada, through its network of 16 distribution centers, provides logistics and distribution to around 900 manufacturers, delivering their products to retail pharmacies, hospitals, long-term care centers, clinics and institutions across Canada. . McKesson Canada also provides health information exchange solutions.
McKesson Pharmacy Systems and Automation business supplies pharmacy management systems, automated dispensing systems and related services to retail, outpatient, central fill, and specialty and mail order pharmacies. The Company's pharmacy management products include EnterpriseRx, a Software as a Service (SaaS)-based management system that integrates workflow and communication processes within the pharmacy environment; Pharmaserv, a server-based pharmacy management system that gives the customer control of their pharmacy data, and PharmacyRx, a SaaS-based pharmacy management system engaged in processing prescriptions.
The Company's international pharmaceutical distribution and services business provides logistics and services to the pharmaceutical and healthcare sectors primarily in Europe. The pharmaceutical wholesale business supplies pharmaceuticals and other healthcare-related products to retail pharmacies and institutional customers. Its wholesale network consisting of approximately 130 branches delivers to around 65,000 pharmacies daily in 10 European countries. The retail pharmacy business serves patients and consumers in six European countries directly through around 2,100 of its own pharmacies and around 4,300 participant pharmacies operating under brand partnership arrangements. The retail business provides traditional prescription pharmaceuticals, non-prescription products and medical services and operates under the Lloyds Pharmacy brand in the United Kingdom.
The Company's medical-surgical distribution and services business provides medical-surgical supply distribution, equipment, logistics and other services to healthcare providers, including physicians' offices, surgery centers, extended care facilities, homecare and occupational health sites through a network of distribution centers within the United States. It provides supplies to a range of alternate-site healthcare facilities, including physicians' offices, clinics and surgery centers (primary care), long-term care and homecare sites (extended care).
Technology Solutions Segment
The Company's Technology Solutions segment provides a portfolio of software and services to healthcare organizations. The Technology Solutions segment markets its products and services to delivery networks, hospitals, physician practices, home healthcare providers, retail pharmacies and payers. The Technology Solutions consists of businesses, such as McKesson Health Solutions, Connected Care and Analytics, Imaging and Workflow Solutions, Business Performance Services and Enterprise Information Solutions. McKesson Health Solutions includes InterQual Criteria for clinical decision support and utilization management; Clear Coverage for point-of-care utilization management, coverage determination and network compliance; claims payment solutions to facilitate medical claim payments; business intelligence tools for measuring and reporting clinical and financial performance; network management tools, and RelayHealth financial solutions to facilitate communication between healthcare providers and patients, and to aggregate data for claims management and trend analysis.
The Company under connected care and analytics provides health information exchange solutions through its vendor RelayHealth. The Company provides disease management programs for patients with chronic conditions, nurse advice services to provide health information and recommend appropriate levels of care, and clinical and analytical software to support utilization, case and disease management workflows and a solution for homecare. It also provides organization performance management solutions. Its enterprise visibility and performance analytics provide business intelligence that enables providers to manage capacity, outcomes, productivity and patient flow.
The Company under imaging and workflow solutions offers medical imaging and information management systems for healthcare enterprises. The Company offers picture archiving communications system, a radiology information system and a cardiovascular information system.
The Company's business performance services allow providers to focus their resources on delivering healthcare while managing their revenue cycle operations and information technology through a suite of managed services. The services include full and partial revenue cycle outsourcing, remote hosting and business office administration. The Company also provides solutions for physician practices, including software, revenue cycle outsourcing and connectivity services. Its software solutions include practice management and electronic health record (EHR) software for physicians. The Company's physician practice offering includes outsourced billing, collection, data input, medical coding, billing, contract management, cash collections, accounts receivable management and reporting of metrics related to the physician practice. The Company also offers physician and hospital consulting services, including financial management, coding and compliance services, revenue cycle services and strategic services.
The Company under enterprise information solutions provides clinical and financial information systems for hospitals and health systems. Its clinical functionality includes a data repository, care planning, physician order entry and documentation, nursing documentation with bar-coded medication administration, pharmacy, surgical management, emergency department and ambulatory EHR systems, and a Web-based physician portal. The revenue management solutions include online patient billing, contract management, electronic claims processing and coding compliance checking. The Company also offers supply chain management solution that integrates enterprise resource planning applications, including financials, materials, human resources and payroll, scheduling, point of use, surgical and anesthesia services and enterprise analytics.
1 Post St
SAN FRANCISCO CA 94104-5203
Company Web Links
- Exclusive: McKesson considers IT unit merger with Change Healthcare - sources
- BRIEF-Mckesson CEO's 2016 compensation was $23.6 mln
- McKesson shares could rise 15 percent with cost savings -Barron's
- McKesson considers separation of information technology unit: WSJ
- McKesson considers separation of information technology unit - WSJ