McKesson Strengths, Domain Expertise, and Key Differentiators
McKesson Pharmacy Systems gives the freedom to pharmacies to select the right technology. It provides pharmacy management software that makes it simple to start, run and expand the pharmacy business. It makes pharmacy software more efficient and clinically driven with extensive selection of value-added products and services. The proprietary and third-party pharmacy operations solutions lets identify opportunities to optimize operational efficiency, generate more revenue and stand out from the competition.
McKesson Recent Developments
In 2021 McKesson Corporation, is unveiling McKesson’s Rapid Returns Solution for Health Systems. The solution helps hospitals and health systems increase the amount of credit received for returned pharmaceuticals and over-the-counter products, expedites credit processing, and simplifies the returns process to enable staff more time for patients.
In 2019, McKesson started a technology collaboration with Google Cloud that will advance the development of next-generation applications and products, machine learning and artificial intelligence (AI) technologies, and enhanced analytics in support of the company’s strategic growth initiative to transform care delivery and drive profit.
In October 2018, McKesson Corporation relaunched its biopharmaceutical services business under its U.S. Pharmaceutical and Specialty Health business unit at McKesson Life Sciences. The new structure not only reflects its continued dedication to serving the life sciences industry but also indicates how the business has evolved to meet the industry's need for a integrated portfolio of commercialization, launch and in-market solutions.
McKesson Mergers and Acquisitions (M&A) Activities
McKesson is evaluating its options in the technology space after making a series of acquisitions in the past years.
After the acquisition of Medical Specialties Distributors, a distributor of infusion and medical-surgical supplies in June 2018, in 2019 McKesson has acquired Echo, that offers an application to help to manage the medication and order repeat prescriptions for delivery.
McKesson is focusing on multiple growth pillars as well as a comprehensive review of the company's operations and cost structure. Also, the company is focusing on multiple growth pillars as well as a comprehensive review of the company's operations and cost structure. The acquisition of MSD supports two of the company's strategic growth manufacturer services and specialty and complements its existing low-cost site of care infusion platform.
McKesson's in 2018, completed the acquisition of RxCrossroads, a provider of tailored services to pharmaceutical and biotechnology manufacturers. This acquisition enhanced McKesson's end-to-end solutions for manufacturers of branded, specialty, generic and biosimilar drugs, including comprehensive patient support services, custom pharmacy solutions and third-party logistics.
McKesson Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying McKesson applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of McKesson and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified McKesson HealthQx customers.
Ownership: - NYSE : MCK
Number of Employees: 60000
McKesson Key Enterprise and Cloud Applications
McKesson Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
McKesson Revenue Breakdown By Type, $M:
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McKesson Enterprise Applications Revenues By Functional Markets, $M:
McKesson Enterprise Applications Revenues By Verticals, $M:
McKesson Revenues By Region, $M
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McKesson Direct vs Indirect sales
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McKesson Customers - Breakdown by Geo, Size, Vertical and Product
No. of McKesson Customers: 200000
No. of McKesson Enterprise Applications Customers: x
No. of McKesson Cloud Customers: x
No. of McKesson Cloud Subscribers: 5 million
McKesson serves in total more than 200,000 customers, including physicians offices, surgery centers, post-acute care facilities, hospital reference labs, home health agencies, and occupational and alternative health sites. Among McKesson's customers are LHP Hospital Group, Rideout Health, HomeTown Health, Blue Cross and Blue Shield of North Carolina, Tampa General Hospital, St. Mark's Medical Center, Abington (Pa.) Memorial Hospital, Baptist Healthcare System, Gulfcoast Oncology Associates, Marquette General, Novation, OSU Pathology Services, LLC., Safeway Inc., St.Joseph's Hospital Health Center, St.Rose Hospital of Hayward, Suburban Hospital Healthcare System, and VHA Inc.
McKesson Market Opportunities, M&A and Geo Expansions
In August 2020, Supplylogix, a division of McKesson made enhacement to the Pinpoint Order software. The new Inventory Segmentation feature expands on the existing functionality of Pinpoint Order, giving users a dashboard to view their medication categories, in groups of 10, and the associated inventory costs.
In April 2018 McKesson Corporation launched Health Mart Atlas, a network of high-performing community pharmacies dedicated to delivering high-quality care with a personal touch. Health Mart Atlas also provides key partnerships with vendors such as EQuIPP, Mirixa, PrescribeWellness, and RelayHealth Pharmacy to provide access to tools and solutions designed to help improve pharmacy performance.
McKesson Risks and Challenges
During 2020, sales from ten of their largest customers, including GPOs accounted for approximately 51% of their total consolidated revenues. CVS Health Corporation, as the largest customer, accounted approximately 20% of their total revenues. In conclusion, loosing CSV Health as a customer can seriously damage McKesson's revenue and affect the future of the company.
In November 2019, AdaptHealth acquired Patient Care Solutions Business From McKesson. For the trailing twelve months ended October 31, 2019, PCS generated net revenues of approximately $134 million.
In 2017, Allscripts acquired McKesson Corporation’s hospital and health system IT business (Paragon), known as the Enterprise Information Solutions (EIS) business.
McKesson Ecosystem, Partners, Resellers and SI
In March 2019, McKesson started collaborating with Navigating Cancer to offer an enhanced Patient Relationship Management (PRM) platform for community-based oncologists.
McKesson primarily relies on its direct sales force to sell its hospital information management systems, but its low-end physician practice applications are being sold through its direct sales force and a network of value-added resellers.
McKesson has a network of about 100 resellers, which account for 20% of its software revenues.
McKesson Cloud Infrastructure Insights
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- McKesson Public Cloud and Infrastructure (IaaS)
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- McKesson Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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