Let's take a closer look at McKesson Corporation's competitors. CVS Health is a notable rival, with a market value of over $100 billion, significantly higher than McKesson's $20 billion.
CVS Health has a stronger presence in retail pharmacy services, with over 9,900 locations across the US. This is in contrast to McKesson's focus on pharmaceutical distribution and technology.
Another competitor is AmerisourceBergen, which has a similar business model to McKesson, but with a smaller market share. AmerisourceBergen has a market value of around $25 billion, making it a relatively smaller player in the industry.
AmerisourceBergen's revenue is also lower than McKesson's, with $143 billion in annual sales compared to McKesson's $208 billion.
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McKesson Corporation Competitors
McKesson Corporation is a leading healthcare services and information technology company, but it's not the only player in the industry.
AmerisourceBergen, another major competitor, is a global pharmaceutical services company that operates in over 10 countries.
Cardinal Health is a global healthcare services and products company that offers a range of solutions, including medical products and pharmaceutical distribution.
One of the key competitors of McKesson Corporation is CVS Health, a healthcare company that provides a range of services, including pharmacy benefits management and health insurance.
Express Scripts is a pharmacy benefit manager that offers a range of services, including claims processing and medication therapy management.
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Comparison Tools
RxBenefits and SmithRx offer comparison tools to help users evaluate their pharmacy benefit options. RxBenefits specializes in providing pharmacy benefit solutions, leveraging purchasing power and independent clinical solutions to manage drug costs for employer-sponsored medical plans.
RxBenefits primarily serves benefits advisors, employers, healthcare markets, labor and trust organizations, private equity firms, and third-party administrators. SmithRx, on the other hand, focuses on providing transparent healthcare technology solutions within the pharmaceutical industry.
SmithRx offers a modern technology platform that connects self-insured employers, pharmacies, and patients to facilitate access to drugs, and was founded in 2016 in San Francisco, California.
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Compare Salaries
When comparing salaries, it's essential to consider the average salary and hourly wage. McKesson's average salary is $51,976, with an hourly wage of $24.99.
In comparison, Cardinal Health has an average salary of $48,123 and an hourly wage of $23.14, while Johnson & Johnson has an average salary of $76,686 and an hourly wage of $36.87.
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A closer look at the salary scores is not available in the provided data, but we can see that McKesson's average salary is lower than that of Johnson & Johnson.
Here's a table comparing the average salaries of McKesson and its competitors:
Compare Race
When comparing the racial diversity of companies, it's interesting to see the differences. McKesson has a white population of 59%.
The diversity score of McKesson is 9.9, which is a decent score. Aetna and Cardinal Health also have a white population of 62% and 59% respectively.
Express Scripts Holding has the highest percentage of white employees at 63%. The diversity score of Aetna and Cerner is 9.8, which is almost as good as McKesson's score.
Here is a comparison of the racial diversity of the companies:
Demographic Analysis
McKesson Corporation's competitors in the healthcare services industry are primarily pharmaceutical wholesalers and distributors.
AmerisourceBergen, a major competitor of McKesson, has a similar business model and operates in over 10 countries worldwide.
Cardinal Health, another key competitor, has a strong presence in the medical supplies and equipment market.
Omnicell, a company that specializes in automated dispensing systems, is a niche competitor that targets hospitals and healthcare facilities.
The demographics of McKesson's competitors are diverse, with AmerisourceBergen having a larger market share in the pharmaceutical wholesaling market.
Cardinal Health has a strong presence in the medical supplies and equipment market, with a focus on serving hospitals and healthcare facilities.
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Add Company
McKesson Corporation has some notable competitors in the Medical Distribution industry.
QS/1 Data Systems generates $88.3 million in revenue each year.
ScriptPro is a significant player in the industry, boasting $314.2 million in annual revenue.
Innovation Associates has experienced employee growth of 15% over time.
Emerlyn Technologies has a smaller revenue of $22.7 million annually.
Adents brings in $11.7 million in revenue each year.
Creative Strategies has a very low revenue of $0.6 million annually.
Fasttrack Internet Solutions generates $5 million in revenue annually.
Here's a comparison of some of McKesson Corporation's competitors:
Frequently Asked Questions
What is the competitive advantage of McKesson?
McKesson's primary competitive advantage is its massive scale and efficiency in pharmaceutical distribution. This allows the company to dominate the US market, controlling over 90% of drug distribution alongside a few key competitors.
What type of industry is McKesson Corporation?
McKesson Corporation is a leading healthcare services and information technology company that specializes in medical supplies, pharmaceuticals, and healthcare solutions. It operates in the healthcare industry, serving patients, healthcare professionals, and payers worldwide.
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