Company Profiles – Cardinal Health
- October 29, 2016
- Posted by: marlenedubois
- Category: Home Health Aide Training
Cardinal Health will be currently an “$87 billion” global healthcare products in addition to services company dedicated to producing healthcare “safer in addition to more productive.”
however the idea all started out in 1971 – with Cardinal Foods — when founder Robert Walter opened a modest distribution center in Ohio. Eight years later the distribution branched into pharmaceuticals when the company purchased a drug distributor in addition to became known as Cardinal Distribution (2).
This specific first acquisition soon became a pattern; the growth of This specific company will be practically achieved by over more than 50 acquisitions over the last decades. Their business will be currently divided into four main areas:
1. Clinical technologies in addition to services ($2.7 billion revenue / 7,0 employees) which help hospitals prevent medication errors, reduce hospital-acquired infections in addition to manage medications in addition to supplies more efficiently. This specific will be done by automating the management of medications in addition to pharmacy supplies to the nursing unit. By using infusion technologies, positive patient identification applications in addition to business intelligence in addition to data-mining services to analyze patient data to develop brand-new processes.
2. Medical products in addition to technologies ($1.8 billion revenue / 14,0 employees) offer medical in addition to surgical products like surgical gloves, masks in addition to drapes in addition to gowns; respiratory care products – ventilators, pulmonary diagnostic systems; in addition to medical specialties (enteral feeding devices; interventional radiology products; in addition to clinical laboratory products).
3. Healthcare Supply chain services – pharmaceutical ($76.6 billion revenue / 10,100 employees) serves retail, hospital in addition to mail-order pharmacies which has a logistics network for the distribution of pharmaceuticals in addition to related healthcare products to more than 33,000 pharmacies in addition to provide comprehensive financial, inventory, contract management in addition to marketing services. the idea will be also the largest provider of specialized nuclear pharmaceuticals (12 million doses each year to hospitals in addition to outpatient care centers).
4. Healthcare Supply chain services – medical ($7.5 billion revenue / 9,800 employees)
Distributes products by more than 2,000 manufacturers to hospitals, surgery centers, laboratories in addition to physician offices. Supply chain management solutions which provide access to the right products for the right procedure at exactly the right time.
The last two unit make up 1.4 billion dollar of the overall profits. The first two (clinical in addition to medical products) attribute 735 million dollars to the profits (1).
There will be an execute leadership team (of 16 leaders) which gives some information about the organization: roles include those responsible for the various business units (CEO medical, CEO pharma, etc) in addition to more general roles like the CFO, Chief HRO, Chief Compliance Officer, Global Shared Services, integrated provider solutions, global communications, chief legal officer… In fact a very centrally managed organization.
Currently the focus of the company will be centered around a so-called “Chasing Zero” program in which they can offer added value to the health chain, for which four areas are determined:
1. lost revenue (inventory, regulatory, staff, reimbursements, lost customers in addition to sales)
2. supply gaps (excess inventory, stock-outs, waste, dispensing errors, rising supply cost)
3. lost productivity (staff, unsatisfied nurses in addition to pharmacist, work-flow, manual processes, hospital re-admissions)
4. preventable errors (medication, infections, sterilization, infusion errors)
One additional facts (1)
Cardinal distribute a third of all pharmaceutical products within the United States.