Knowing which vendors have the highest revenue doesn’t have an immediate impact on your HIS installation, but somehow it’s fascinating anyhow. Besides, knowing who’s solvent and what projects they’re pursuing never hurts.
So over the next few weeks, we’re going to share the names and details on the five top earners isolated by HealthData Management magazine, with some details on what they sell, how they’re doing revenue wise and whenever we can, what their market position is. Be sure to check out our full list of Top HIS Vendors.
Bear in mind that by HDM’s definition, we’re talking about vendors who cut across the whole suite of HIS services, from EMRs to revenue cycle management and departmental applications. In most cases, the article hasn’t broken out EMR revenue from its overall revenue projections for each company. But that being said, there’s still some really interesting data here. All estimates are from sources indicated, as compiled by HDM.
One Post Street
San Francisco, CA 94104
McKesson is a $112 billion public company (MCK: NASDAQ) with a hand in most key healthcare sectors. There’s medical supply and pharmacy distribution, HIT solutions which include an EMR and a clinical decision support system, pharmacy automation and medical claims management software….you get the picture. We’re talking a scary big octopus here.
While it continues to be a pharmacy giant, one has to wonder whether McKesson will shift more effort and dollars into HIT when you consider this stat: HIT generated an estimated 44 percent of the company’s profit last year, though it accounted for less than 1 percent of its revenue. Wow.
2011 HIS Revenue: $3.2 billion
2010 HIS Revenue: $3.12 billion
Interesting fact: Believe it or not, MCK has been in business for 175 years; It began as a medical goods supplier in Ye Olde Days.