[Ranking] TOP 25 Managed Healthcare / Healthcare Companies Q3/2023
Intro
Managed healthcare is a crucial sub-industry within the broader healthcare sector, playing a vital role in the worldwide economy. With the rising costs of healthcare and the increasing complexity of medical treatments, managed healthcare companies have emerged to streamline and optimize healthcare delivery.
The influence of managed healthcare extends far beyond the healthcare industry itself. By effectively managing and coordinating healthcare services, these companies not only improve patient outcomes but also have ripple effects across diverse sectors, such as insurance, pharmaceuticals, and technology. Their actions impact healthcare providers, employers, and individuals, ultimately shaping the overall healthcare ecosystem.
The economic magnitude of the managed healthcare industry is astounding. In the United States alone, healthcare spending represents a significant portion of the GDP, with managed healthcare companies playing a central role in cost containment and quality improvement efforts. Furthermore, this industry is on an upward trajectory, driven by factors such as an aging population, advancements in medical technology, and the growing focus on preventive care.
Recent trends, breakthroughs, and obstacles are continually shaping the managed healthcare industry. From the adoption of telemedicine and artificial intelligence to address accessibility challenges and improve patient care, to the ongoing debates surrounding healthcare policy and regulation, these factors shape the landscape in which managed healthcare companies operate.
The managed healthcare industry is a dynamic and ever-changing landscape. As new technologies, policies, and market forces emerge, it is essential to explore the leading companies within this sub-industry. These companies are at the forefront of innovation and transformation, driving the evolution of healthcare delivery and shaping the future of healthcare.
Ranking
#25 Teladoc Health
Employees: 2.5K
Revenue: 1.1B$
Website: https://www.teladochealth.com
Description: Teladoc Health is a leading telemedicine company operating in the Managed Healthcare industry. Headquartered in Purchase, United States, the company was founded in 2002. With a workforce of approximately 2.5 thousand employees, Teladoc Health offers innovative virtual healthcare solutions to patients, employers, and health insurance providers. The company's platform enables individuals to connect with qualified healthcare professionals remotely, providing access to medical consultations, diagnoses, and treatment plans from the comfort of their own homes. Teladoc Health's services align with the evolving landscape of Managed Healthcare, offering convenient and cost-effective healthcare options. With a revenue of 1.1 billion dollars, Teladoc Health continues to expand its reach and revolutionize the way healthcare is delivered in the industry.
#24 Bio-Rad Laboratories
Employees: 8K
Revenue: 2B$
Website: https://www.bio-rad.com
Description: Bio-Rad Laboratories is a leading company in the Managed Healthcare industry, headquartered in Hercules, United States. With a history dating back to 1952, Bio-Rad Laboratories has established itself as a key player in the healthcare sector. The company operates in the field of Managed Healthcare, providing innovative solutions and technologies to improve patient care and diagnostic processes. With a team of approximately 8,000 employees, Bio-Rad Laboratories is dedicated to developing and manufacturing a wide range of products, including instruments, reagents, and consumables, that are used by healthcare providers worldwide. The company's revenue stands at 2 billion dollars, reflecting its strong market presence and success in the Managed Healthcare industry.
#23 Hologic
Employees: 6.5K
Revenue: 3.2B$
Website: https://www.hologic.com
Description: Hologic, headquartered in Marlborough, United States, is a leading company in the Managed Healthcare industry. Founded in 1985, the company has grown to employ approximately 6.5 thousand employees. With a revenue of 3.2 billion dollars, Hologic is known for its innovative healthcare solutions and technologies. The company focuses on developing and manufacturing diagnostic products, medical imaging systems, and surgical products that cater to the needs of managed healthcare providers. Hologic's commitment to improving patient outcomes and efficiency in managed healthcare has made it a trusted name in the industry. Through its website, https://www.hologic.com, the company showcases its range of products and services, demonstrating its dedication to advancing healthcare worldwide.
#22 Illumina
Employees: 7.7K
Revenue: 3.5B$
Website: https://www.illumina.com/
Description: Illumina, headquartered in San Diego, United States, operates in the Managed Healthcare industry. Founded in 1998, the company has grown to employ approximately 7.7 thousand employees. With a revenue of 3.5 billion dollars, Illumina is a leading player in the industry. Illumina specializes in genetic sequencing and array-based solutions for research, clinical, and applied markets. They provide innovative tools and integrated systems that enable researchers to study genetic variation and function, helping to advance understanding of complex diseases and improve healthcare outcomes. Illumina's cutting-edge technology and broad product portfolio have established them as a trusted partner in the Managed Healthcare sector.
#21 Magellan Health
Employees: 10K
Revenue: 4.5B$
Website: https://www.magellanhealth.com
Description: Magellan Health is a leading managed healthcare company based in Scottsdale, United States. Since its founding in 1969, the company has been dedicated to improving the health and well-being of individuals through innovative healthcare solutions. With a workforce of approximately 10,000 employees, Magellan Health operates in the Managed Healthcare industry, offering a wide range of services including behavioral health, pharmacy management, and specialty solutions. The company works closely with healthcare providers, employers, and government organizations to deliver integrated care and support to millions of people across North America. Magellan Health's annual revenue stands at around 4.5 billion dollars, reflecting its strong position in the market and commitment to delivering high-quality, cost-effective healthcare services.
#20 Encompass Health
Employees: 30K
Revenue: 4.5B$
Website: https://www.encompasshealth.com
Description: Encompass Health is a leading provider of post-acute healthcare services in North America. Headquartered in Birmingham, United States, the company operates in the Managed Healthcare industry. Founded in 1984, Encompass Health has a workforce of approximately 30,000 employees. With a revenue of 4.5 billion dollars, the company offers a wide range of healthcare services including inpatient rehabilitation, home health, and hospice care. Encompass Health focuses on providing high-quality, personalized care to patients recovering from illness, injury, or surgery. They are dedicated to improving patient outcomes and helping individuals regain their independence through their comprehensive and integrated healthcare services.
#19 Quest Diagnostics
Employees: 47K
Revenue: 9.4B$
Website: https://www.questdiagnostics.com/
Description: Quest Diagnostics, headquartered in Secaucus, United States, is a prominent player in the Managed Healthcare industry. Since its establishment in 1967, the company has grown to become a leading provider of diagnostic information services. With a workforce of approximately 47,000 employees, Quest Diagnostics offers a wide range of services including laboratory testing, clinical trials, and healthcare analytics. The company's revenue for the most recent fiscal year amounted to 9.4 billion dollars. Quest Diagnostics is dedicated to assisting patients and healthcare providers in making informed decisions by delivering accurate and actionable diagnostic insights.
#18 Henry Schein
Employees: 19K
Revenue: 10.9B$
Website: https://www.henryschein.com/
Description: Henry Schein, headquartered in Melville, United States, is a prominent player in the Managed Healthcare industry. Established in 1932, the company has grown to become a leading provider of healthcare solutions, catering to the needs of healthcare professionals globally. With a workforce of approximately 19,000 employees, Henry Schein is dedicated to delivering high-quality products, services, and technological innovations to support the healthcare sector. The company generates substantial revenue, amounting to 10.9 billion dollars. Through its comprehensive portfolio, Henry Schein offers a wide range of products, including pharmaceuticals, medical supplies, dental equipment, and veterinary care solutions. With a commitment to improving patient care and enhancing healthcare practices, Henry Schein continues to be a trusted partner for healthcare providers worldwide.
#17 Universal Health Services
Employees: 90K
Revenue: 11.4B$
Website: https://www.uhsinc.com/
Description: Universal Health Services (UHS) is a leading healthcare company in the Managed Healthcare industry. Headquartered in King of Prussia, Pennsylvania, UHS operates primarily in North America. The company was founded in 1978 and has since grown to employ approximately 90,000 individuals. With a revenue of 11.4 billion dollars, UHS provides a wide range of healthcare services, including hospitals, behavioral health facilities, and ambulatory centers. UHS is dedicated to delivering high-quality care and improving the health outcomes of the communities it serves. Through its extensive network of facilities, UHS plays a crucial role in the provision of managed healthcare services, ensuring access to comprehensive and coordinated care for patients across the United States and beyond.
#16 LabCorp
Employees: 70K
Revenue: 12B$
Website: https://www.labcorp.com
Description: LabCorp is a leading player in the Managed Healthcare industry. With its headquarters in Burlington, United States, LabCorp operates in North America. The company was founded in 1978 and currently employs around 70,000 individuals. LabCorp generates an impressive revenue of 12 billion dollars. LabCorp specializes in providing a wide range of laboratory testing services, diagnostic solutions, and drug development services. Their services cater to various segments of the healthcare industry, including physicians, hospitals, managed care organizations, biopharmaceutical companies, and government agencies. LabCorp's commitment to innovation and advanced technology enables them to deliver accurate and timely results, contributing to better patient care and improved healthcare outcomes.
#15 DaVita
Employees: 70K
Revenue: 13B$
Website: https://www.davita.com
Description: DaVita is a leading provider of kidney care services in the Managed Healthcare industry. Headquartered in Denver, United States, the company operates numerous dialysis centers across North America. With a team of approximately 70,000 employees, DaVita is committed to delivering high-quality care and improving the lives of patients with kidney disease. The company offers a range of services including in-center hemodialysis, home hemodialysis, peritoneal dialysis, and kidney transplantation. DaVita's focus on patient-centered care, clinical excellence, and innovation has made it a trusted name in the field, ensuring that patients receive personalized treatment plans and support to manage their condition effectively. DaVita's dedication to quality outcomes and patient satisfaction has contributed to its revenue of 13 billion dollars.
#14 Becton, Dickinson And Company
Employees: 76K
Revenue: 17B$
Website: https://www.bd.com/
Description: Becton, Dickinson And Company (BD) is a global medical technology company headquartered in Franklin Lakes, United States. With a history dating back to 1897, BD specializes in the development, manufacture, and sale of a broad range of medical supplies, devices, laboratory equipment, and diagnostic products. In the managed healthcare industry, BD offers innovative solutions that help improve patient care and safety. Their products and services include medication management systems, diagnostic tests, insulin delivery systems, and advanced bioprocessing technologies. With a workforce of approximately 76,000 employees worldwide, BD generates annual revenue of around 17 billion dollars. The company's commitment to advancing healthcare solutions has made it a trusted partner for healthcare providers and institutions around the globe.
#13 Molina Healthcare
Employees: 11K
Revenue: 18B$
Website: https://www.molinahealthcare.com
Description: Molina Healthcare is a leading managed healthcare company headquartered in Long Beach, United States. With a rich history dating back to 1980, the company has established itself as a key player in the healthcare industry. Molina Healthcare operates in the managed healthcare sector, offering a wide range of health plans and services to individuals and families across North America. With a workforce of approximately 11,000 employees, the company is dedicated to providing quality healthcare services to its diverse customer base. Molina Healthcare has achieved significant financial success, with an annual revenue of 18 billion dollars. Through its innovative and customer-centric approach, Molina Healthcare continues to make a positive impact in the managed healthcare industry.
#12 Community Health Systems
Employees: 42K
Revenue: 18.9B$
Website: https://www.chs.net/
Description: Community Health Systems is a leading operator in the Managed Healthcare industry. Headquartered in Franklin, United States, the company was founded in 1985. With a workforce of approximately 42,000 employees, Community Health Systems focuses on providing high-quality healthcare services and managing healthcare facilities across North America. The company generates an impressive annual revenue of 18.9 billion dollars. Community Health Systems is committed to delivering accessible and affordable healthcare solutions to improve the well-being of individuals and communities. Through its extensive network of hospitals and healthcare providers, the company strives to meet the diverse needs of patients, ensuring comprehensive care and positive health outcomes.
#11 WellCare Health Plans
Employees: 13K
Revenue: 20B$
Website: https://www.wellcare.com
Description: WellCare Health Plans is a leading managed healthcare company based in Tampa, United States. Founded in 1985, the company has grown to become a prominent player in the healthcare industry. With a workforce of approximately 13,000 employees, WellCare Health Plans is dedicated to providing comprehensive and affordable healthcare solutions to its customers. The company's revenue stands at an impressive 20 billion dollars, highlighting its strong financial performance. WellCare Health Plans operates in the managed healthcare sector, offering a range of health insurance plans and related services to individuals, families, and Medicare beneficiaries. Through its innovative approach and commitment to quality care, WellCare Health Plans continues to make a positive impact in the healthcare industry.
#10 Tenet Healthcare
Employees: 110K
Revenue: 20B$
Website: https://www.tenethealth.com
Description: Tenet Healthcare, headquartered in Dallas, United States, is a major player in the Managed Healthcare industry. With a history dating back to 1967, the company has grown to employ approximately 110,000 people worldwide. Tenet Healthcare operates numerous hospitals, outpatient centers, and other healthcare facilities across North America. They provide a range of medical services, including acute care, specialty care, and diagnostic imaging. The company is known for its commitment to delivering high-quality, patient-centered care while also focusing on cost efficiency and innovation. With annual revenues reaching 20 billion dollars, Tenet Healthcare continues to be a prominent name in the Managed Healthcare industry.
#9 Thermo Fisher Scientific
Employees: 75K
Revenue: 25B$
Website: https://www.thermofisher.com
Description: Thermo Fisher Scientific, headquartered in Waltham, Massachusetts, is a leading company in the Managed Healthcare industry. With a workforce of 75,000 employees, the company focuses on providing innovative solutions and services to the healthcare sector. Thermo Fisher Scientific was founded in 2006 and has since become a global leader in healthcare technologies. The company's revenue stands at an impressive 25 billion dollars, highlighting its significant presence in the industry. Thermo Fisher Scientific's commitment to advancing healthcare is evident in its wide range of products and services that support drug discovery, diagnostics, and precision medicine. Through its cutting-edge technologies, the company plays a vital role in improving patient outcomes and advancing the field of Managed Healthcare.
#8 Cigna
Employees: 74K
Revenue: 48B$
Website: https://www.cigna.com
Description: Cigna, headquartered in Bloomfield, United States, is a leading company in the Managed Healthcare industry. Founded in 1982, the company has grown to have approximately 74,000 employees. Cigna operates with a focus on providing managed healthcare services, offering a range of insurance and health-related products and services to individuals, employers, and healthcare professionals. With its extensive network and innovative approach, Cigna aims to improve the health and well-being of its customers. The company's revenue reached approximately 48 billion dollars, solidifying its position as a key player in the industry.
#7 HCA Healthcare
Employees: 280K
Revenue: 51.5B$
Website: https://hcahealthcare.com/
Description: HCA Healthcare, headquartered in Nashville, United States, is a major player in the Managed Healthcare industry. With a history dating back to 1968, the company has established itself as a leader in providing quality healthcare services. HCA Healthcare operates a vast network of hospitals, surgery centers, and physician practices, serving communities across North America. The company is committed to delivering compassionate care and continuously improving patient outcomes. With a workforce of approximately 280,000 employees, HCA Healthcare strives to provide exceptional medical care to millions of patients each year. Generating an impressive revenue of 51.5 billion dollars, HCA Healthcare remains dedicated to driving innovation and advancing the field of Managed Healthcare.
#6 Humana
Employees: 45K
Revenue: 64B$
Website: https://www.humana.com
Description: Humana, headquartered in Louisville, United States, is a prominent player in the Managed Healthcare industry. Established in 1961, the company has grown to become a leading healthcare company that offers a wide range of health insurance and wellness services to individuals and businesses. With around 45,000 employees, Humana is dedicated to helping its customers achieve their best health by providing personalized care and innovative solutions. The company's revenue reaches an impressive 64 billion dollars, reflecting its significant presence and success in the industry. Humana's commitment to improving the health and well-being of its members makes it a trusted name in the Managed Healthcare sector.
#5 Aetna
Employees: 50K
Revenue: 69B$
Website: https://www.aetna.com
Description: Aetna, headquartered in Hartford, United States, is a leading company in the Managed Healthcare industry. Founded in 1853, Aetna has a strong presence in North America, providing health insurance and related services to millions of individuals and employers. With approximately 50,000 employees, Aetna is committed to improving the health and well-being of its members through innovative healthcare solutions. The company generates significant revenue, amounting to 69 billion dollars. Aetna's comprehensive network of healthcare providers, along with its technology-driven approach, enables it to deliver high-quality care and personalized services to meet the diverse needs of its customers.
#4 Centene Corporation
Employees: 51K
Revenue: 97B$
Website: https://www.centene.com
Description: Centene Corporation, based in St. Louis, Missouri, is a leading player in the Managed Healthcare industry in North America. Since its founding in 1984, Centene has grown to become one of the largest healthcare companies in the United States. With a workforce of approximately 51,000 employees, Centene is committed to providing high-quality managed healthcare services to individuals and families across the country. The company's revenue reached an impressive 97 billion dollars, solidifying its position as a major player in the industry. Through its innovative and comprehensive healthcare solutions, Centene strives to improve health outcomes and access to care for its members. With a strong presence in the North American market, Centene continues to drive advancements in the Managed Healthcare industry.
#3 Anthem
Employees: 70K
Revenue: 103B$
Website: https://www.anthem.com
Description: Anthem is a leading player in the Managed Healthcare industry, based in Indianapolis, United States. With a workforce of approximately 70,000 employees, Anthem operates as a major healthcare insurance provider in North America. Founded in 2004, the company has established itself as a key player in the industry, offering a wide range of healthcare products and services. Anthem's revenue stands at an impressive 103 billion dollars, reflecting its strong market presence and success in the managed healthcare sector. With its comprehensive website providing information and access to various healthcare plans, Anthem continues to cater to the healthcare needs of individuals and organizations across the United States.
#2 CVS Health
Employees: 300K
Revenue: 256B$
Website: https://www.cvshealth.com
Description: CVS Health, headquartered in Woonsocket, United States, is a leading player in the Managed Healthcare industry. Founded in 1963, the company has grown to employ approximately 300,000 individuals. With a revenue of 256 billion dollars, CVS Health operates a wide range of healthcare services, including retail pharmacies, specialty pharmacy services, and prescription benefit management. The company is dedicated to providing accessible and affordable healthcare solutions to individuals and communities across North America. CVS Health's commitment to innovation and customer-centric approach has positioned it as an industry leader in the Managed Healthcare sector.
#1 UnitedHealth Group
Employees: 330K
Revenue: 257B$
Website: https://www.unitedhealthgroup.com/
Description: UnitedHealth Group, headquartered in Minnetonka, United States, is a leading player in the Managed Healthcare industry. Founded in 1977, the company has grown to become one of the largest healthcare organizations in the world. With a workforce of approximately 330,000 employees, UnitedHealth Group operates various businesses within the healthcare sector. They offer a wide range of health insurance products and services, including managed care plans, pharmacy benefit management, and healthcare technology solutions. The company's revenue reached an impressive 257 billion US dollars, solidifying its position as a key player in the industry. UnitedHealth Group consistently strives to improve the healthcare experience for individuals and communities, leveraging their expertise and innovative solutions to drive positive change in the healthcare landscape.
Summary
The managed healthcare sub-industry has seen significant growth and success in recent years, with several companies leading the way. Among the top companies in this sub-industry are UnitedHealth Group, Anthem, and CVS Health. These companies have consistently ranked high in terms of revenue and market share.
One unexpected finding is the increasing role of technology in managed healthcare. Companies like UnitedHealth Group have invested heavily in data analytics and digital health platforms to improve patient outcomes and reduce costs. This emphasis on technology sets these companies apart from their competitors.
UnitedHealth Group is the largest managed healthcare company in the world, with over 115 million customers. Anthem is another major player, operating as the largest for-profit managed healthcare company in the Blue Cross and Blue Shield Association. CVS Health, although primarily known for its pharmacy services, has expanded into managed healthcare through its acquisition of Aetna.
One shared element among these leading firms is their focus on providing comprehensive healthcare solutions. They offer a wide range of services, including health insurance, pharmacy benefits management, and healthcare delivery. This integrated approach allows them to offer a seamless experience to their customers and achieve economies of scale.
What sets these companies apart from their rivals is their ability to adapt to changing market dynamics. They have successfully navigated the evolving healthcare landscape by leveraging their scale and resources to drive innovation and improve patient outcomes. Additionally, their strong brand recognition and extensive provider networks give them a competitive edge in the market.