Cardinal Health Inc is a health care service company based in Dublin, Ohio, and the United States. This Fortune 500 Company is one of those institutions that have changed the way health care services are accessed for a long time. The focus of Cardinal Health Inc. on the way to distribute their pharmaceutical products has changed the way health care business is organized. This is an organization that distributes both medical and pharmaceutical products to many different locations globally. The company also manufactures various surgical and medical products that include surgical apparels, gloves, and those products that are used in the management of fluids. Within the United States, the company owns the largest radio pharmacy network.
This company aims to become the leading one in the health care industry. It provides the most diverse and inclusive work environment that reflects the communities it serves. They plan to do this while, at the same time, keeping a competitive advantage over other companies by applying the right innovation, maintaining the profit margin, and being able to easily adapt to different situations and environments. Its mission is to be able to attract the most talented workforce who will input their skills to meet the needs of the market and its diversifications.
The company currently employs over 30,000 employees in its various branches which are located on all five continents. The company has grown to such an extent that it has been ranked no. 21 in the current list of Fortune 500. The activities of Cardinal Health Inc’s have expanded into provision of logistics and supply solution, repackaging and distribution of the pharmaceutical products. Other equipment used in monitoring patients is also supplied. These services are aimed at ensuring that patients are well taken care of in cost effective ways but with great efficiency and quality. According to the 2010 estimates from the company’s website, the revenue runs to US$ 98.5 billion, total assets are worth US$ 19.99 billion, while the net income is US$ 642 million.
Cardinal Health Inc. is the major provider of health care services in the United States. Over time, it has grown to cover a larger medical market than any other company. The structured management has been able to effectively make this company more profitable with each passing year. Many hospitals, pharmacies, and supermarket departments mostly depend on medical and pharmaceutical supplies from this company. This is the main reason for their dominance, especially in the United States’ market. This has also led to the expansion of its activities in new areas.
In spite of the success that Cardinal Health has achieved, there still exist more challenges that this company has to adequately deal with in order to improve or maintain the current trend. There are also new rival companies gaining more ground in the market. They pose threats to this company’s success. There are also more costs being incurred in the process of seeking compliance in business deals. These are majorly associated with federal laws. Such costs have a bearing on the outcome of the financial situation of the company. These are just a few of the challenges that Cardinal Health is faced with in its attempts to control the market.
Some current trends indicate that Cardinal Health Company needs to work out certain strategies of coming up with ways of remaining steadfast. The main problem that exists is the rising cost of doing business. Markets continue to change with each passing year. For instance, the interventions made by the government adversely affect the health care industry. It should be noted that health care is the major area to which the government allocates much of its spending. Therefore, any change in the government’s spending on health care affects other subsectors of the economy. Prices of the products are sometimes undervalued to fit the current situation.
There exists a problem with how efficiently the products supplied by this company work. The ability of coming up with products that are better than those of competitors will give the competitive edge. At the moment, products provided by this company have the same value as those produced by its competitors. Supplying surgical products may not be enough. The supplied equipment should be able to accomplish more tasks for the company and buyer hospitals or clinics. There is a need of coming up with a distinct branding system that will be able to categorically distinguish the company’s products from the rest. Furthermore, the supplied products should be accompanied with things like modules to enhance their use. This can encourage more consumers to choose the products due to their convenience and ease of use.