...UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2014 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13252 McKESSON CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 94-3207296 (I.R.S. Employer Identification No.) One Post Street, San Francisco, California (Address of principal executive offices) (415) 983-8300 (Registrant’s telephone number, including area code) 94104 (Zip Code) Securities registered pursuant to Section 12(b) of the Act: (Title of each class) Common stock, $0.01 par value (Name of each exchange on which registered) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)...
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...our track record of growing EPS, which we have increased at a 13.9% compound annual growth rate since fiscal 2007.” John H. Hammergren, Chairman, President and Chief Executive Officer, McKesson Corporation Financial Results Five-Year Total Revenue (in millions) Five-Year EPS* *Diluted earnings per share from continuing operations, as displayed above, excludes adjustments for litigation charges (credits) net (“EPS”). For supplemental financial data and corresponding reconciliation to U.S. generally accepted accounting principles (“GAAP”), see Appendix A to this 2011 Annual Report. Non-GAAP measures should be viewed in addition to, and not as an alternative for, financial results prepared in accordance with GAAP. Total Stockholder Return** **The percentages displayed represent total annualized stockholder return for each period presented, including the reinvestment of dividends. Dear Fellow Stockholders, I am pleased to report that McKesson delivered another strong performance in fiscal 2011, marked by outstanding execution in Distribution Solutions, continued success in expanding our relationships with customers and suppliers, and near record levels of capital deployment, including the $2.1 billion acquisition of US Oncology, our largest acquisition in a decade. McKesson generated revenues of $112.1 billion and exceeded expectations for both earnings and cash flow. Earnings per diluted share from continuing operations (EPS) was $4.86,*** and cash from operations...
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...Dannielle Caddell Nursing Informatics- NUT1 EPIC VS MCKESSON For this research, I am conducting my search based on two well-known systems for computerized charting in the medical field. These two vendors are known as, EPIC and McKesson. In the next few pages, I will be comparing these two vendors; and at the end of this project I will choose which one I would not mind being associated with or using in the future. I will be analyzing how these systems can improve quality of care for patients, how hand-held devices can or cannot help the medical professionals, how the computerized systems can help nurses, but also how these systems can possibly increase and improve patient involvement of care. Computerized management systems can amazingly increase the quality of patient care, as well as safety for the patients. Electronic Medical Records aid nurses in being able to identify if a patient may have an allergy to a medication that will be given. As a nurse, you may not always know if a certain antibiotic is in the same class as an allergy that the patient may have. If the patient does have an allergy, there will be a warning that will pop up for you to view. If the provider approves this patient to have the medication, it may be given, but the pop up is there for patient safety and for the nurse’s own awareness as well. These systems can also help increase quality of care because they will make the patients feel safer. When in nursing school you are always...
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...Case Study - The McKesson Corporation The McKesson Corporation is a distributor of non-durable consumer goods in the USA. A large part of its business is the distribution of prescription and off-the-shelf drugs, toiletries, perfumes and sundries to retail drugstores. In overly simplistic terms, McKesson purchases these goods from the large manufacturers of pharmaceuticals and toiletries, stores them in warehouses, takes orders from drugstores across the USA and then distributes the goods to the stores. This is a low margin and competitive industry. Around 1980 the senior management of McKesson was looking carefully at its corporate strategy. Their view was that competition was largely determined by price and cost and so decided that the key to competitive success was a strategy based on a ruthless efficiency drive. They also decided that IT could help them increase efficiency. At this point in time McKesson used computers for accounting and financial purposes but not for anything else. The organization then proceeded to put its strategy of improving efficiency through an increased use of IT into practice. The steps it took were in the following sequence. Step 1. Stock control in the warehouses was computerized. The aim was to reduce working capital costs by cutting stock levels. Step 2. McKesson computerized the sales/ordering process. This allowed orders received by post or telephone at the warehouses to be entered on a computer, instead of being recorded manually as previously...
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...largest healthcare services company McKesson which distributes more than one-third of all pharmaceutical products in North America. McKesson ships 2 million orders a day to more than 26000 customer’s locations. Before the decision support system was implemented for McKesson, an integrated approach to decision making in its supply chain operations was missing though they were already using state-of-the-art software for its operations. For this IBM Research OR team developed a model to assist McKesson decisions i.e. supply chain scenario modeler (SCSM), to optimize its end-to-end pharmaceutical supply chain policies. This model ensured that the policies governing key areas be synchronized. Unlike a black-box solution this approach would answer “what-if” questions by estimating the impacts of potential actions and key operations. The aim was to connect the outputs of SCSM to a profit-Loss statement so that the impact of policy changes can be viewed in terms of financial metrics. The integrated OR solution that includes 1. Comprehensive data model to represent the dynamics of the company’s operations and capture McKesson’s management processes and policies 2. A user interface to allow optimization and what-if analysis 3. A flexible reporting module to create extensive reports of scenario results. For achieving this integrated solution, many technical, managerial, and political challenges have been faced in creating SCSM for McKesson. Some technical challenges are a need...
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...Term Paper/Book Review 11/16/15 Magnificent Masquerade, by Charles Keats, 1964 Summary of the McKesson & Robbins Scandal Before the scandals of Enron and WorldCom, which are considered the greatest accounting scandals of the 21st century, the most notorious & influential accounting scandal of frauds in the 20th century, or in American history, is the McKesson & Robbins scandal of 1939. In the early fall of 1926, Philip Musica, assuming the name of F. Donald Coster, took control of the pharmaceutical company McKesson & Robbins by using his bootlegging profits from Girard & Co. to issue a merger between the two pharmaceutical companies, and he became McKesson & Robbins’ president. From his experience with Girard, Coster “knew how auditors functioned, they were interested in account books & supporting documents” (Keats, 71) & he knew how to mislead auditors. Coster conducted fraudulent transactions for McKesson & Robbins by continuing to manufacture (fraud) documents of inventories & accounts receivable such as, “order slips, shipping records, duplicate invoices, & other bookkeeping evidences of sale” (Keats, 72). Julian Thompson, Coster’s top assistant, finally uncovered the fraud scandal in 1938 through his suspicions of the existence of the McKesson & Robbins’ Canadian subsidiary’s warehouse. Coster was convicted of “violating Section 32 of the Securities Act of 1934: filing false financial information with the SEC” (Keats...
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... A. Working Capital B. Current Ratio C. Inventory Turnover D. Days in Inventory E. Receivable Turnover F. Average Collection Period II. Solvency Ratios 9 A. Debt to Total Assets Ratio B. Times Interest Earned Ratio III. Profitability Ratios 11 A. Earnings Per Share B. Gross Profit Rate C. Profit Margin Ratio D. Return on Assets Ratio E. Asset Turnover Ratio APPENDICES 15 REFERENCES 17 EXECUTIVE SUMMARY XXXXX will attempt to analyze the efficiency and profitability of Cardinal Health, Inc. by conducting an examination of a series of financial ratios for the past three years. This analysis will include a comparison of Cardinal Health’s chief competitor, McKesson Corporation. XXXXX exploration of the financial performance of both companies will be accomplished by evaluating their liquidity, solvency, profitability ratios. It is through a careful analysis of these ratios that should determine Cardinal Health’s overall value to investors Liquidity Ratios: Capital Health’s sizable Working Capital of $3.3 Billion in 2012 should help it to meet its short-term obligations in the event that it should need to liquefy its assets. Cardinal Health’s increase in Working Capital from 2011 to 2012 can be seen as a sign of increased operational efficiency and improved assets management. Additionally, Cardinal Health’s Current Ratio of 1.2 in 2012 has remained stable during the past three years at a reasonable...
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...Financial Analysis of McKesson Corporation “McKesson is dedicated to delivering the vital medicines, medical supplies and information technologies that enable the health care industry to provide patients better, safer care.” (http://www.mckesson.com/en_us/McKesson.com/About%2BUs/About%2BUs.html) McKesson Corporation operates on two segments. It’s a distribution solutions center that delivers drugs, medical supplies and equipment, and beauty products. It also operates as a technology solutions center that delivers software such as clinical, patient care, financial, supply chain, and strategic management. McKesson Distribution Solutions includes a pharmaceutical distribution, medical-surgical distribution, McKesson Canada, specialty care solutions, and pharmacy system and automation. Pharmaceuticals and healthcare products are supplied via the U.S. Pharmaceutical Distribution in three ways. These are; retail national accounts, independent retail pharmacies, and institutional healthcare providers. Services are also provided in the distribution center. There are 28 distribution centers, a primary redistribution center, two repacking centers, and a strategic redistribution center all total. These serve all 50 states and Puerto Rico. (http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=MCK) McKesson supplies more than 40,000 U.S. pharmacy locations. They range from community pharmacies and hospital and Wal-mart. (http://www.mckesson.com/en_us/McKesson...
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...Palmer Case Overview: Arnold Palmer Hospital specializes in the treatment of women and children, and is renowned for providing one of the highest quality medical services and records of high patient satisfaction. This, however, requires costly inventory, most notably of custom surgical packs. In line with this, the hospital tied up with a major distributor partner, McKesson General Medical, which provides them with one-quarter of their medical/surgical inventory. This reduces their expenditures and helps them keep the quality of their inventory just in time for the scheduled operations that need them. Case Analysis: The hospital has managed to form a JIT partnership with one of its major supplier, McKesson General Medical. To ensure coordinated daily delivery of inventory, McKesson has placed a full time account executive and two service personnel to the hospital. This has reduced daily in-house inventory from 400,000 to 114,000. Arnold Palmer and Mckesson has designed a system for custom surgical packs. A packing company assembles the customs packs with the order requirements of McKesson. The surgical packs are packed in a way that each item comes out of the pack in the sequence it is needed. Problems may arise if the items are not in order when opened for operations. The hospital has 10 custom packs being used in the system. Surgical Staff of the hospital work with the hospital to identify and standardize and reduce the number of custom packs. Recommendation: ...
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...short. A leader also finds different ways to accomplish goals that are set. They also know how to address and fix problems that accrue. A good leader is one who will help there employees. They will also take blame when it is due not just point the finger of those under them. A real leader is not afraid to get their hands dirty. They will jump in when help is needed to meet a deadline. McKesson helps build their employees up to be leaders. They have goals from up top to down below and everyone is held to the standard. Managers are McKesson help their employees to understand their jobs and build up their confidence. The Managers also update staff, give feedback and have an open door policy if there are any concerns. (MK), (LS), (LL) There are different kinds of leadership. There a leadership that is controlling and to the point. This is where his leader is the one who makes the decisions. This could be good if you have employees who don’t know anything. There is another leadership that in list employees to help in the decision making. This help to make everyone responsible for their part. McKesson uses this when they have a project that involves the job the employee does as no one can give import like the person who does that job. Another leadership that comes to mind gives employees all the power to make...
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...0 3 0 Electronic Health Records in the Physician Office CHAPTER OUTLINE Patient Flow in the Physician Practice Step 1. Pre-Visit: Appointment Scheduling and Information Collection Step 2. Patient Check-in and Payment Collection Step 3. Rooming and Measuring Vital Signs Patient Examination and Documentation Step 4. Patient Checkout Step 5. Post-Visit: Coding and Billing Post-Visit: Reviewing Test Results Coding and Reimbursement in Electronic Health Records Computer-Assisted Coding Clinical Tools in the Electronic Health Record Decision-Support Tools Tracking and Monitoring Patient Care Screening for Illness or Disease Identifying at-Risk Patients Managing Patients with Chronic Diseases Improving the Quality and Safety of Patient Care with Evidence-Based Guidelines E-Prescribing and Electronic Health Records Keeping Current with Electronic Drug Databases Increasing Prescription Safety Saving Time and Money LEARNING OUTCOMES After completing this chapter, you will be able to define key terms and: 1. 2. 3. 4. 5. 6. 7. 8. 9. List the five steps of the office visit workflow in a physician office. Discuss the advantages of pre-visit scheduling and information collection for patients and office staff. Describe the process of electronic check-in. Explain how electronic health records make documenting patient exams more efficient. Explain what occurs during patient checkout. Explain what two events take place during the post-visit step of the...
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...Advanced Information Management and the Application of Technology Western Governors University Adam Culbertson A. New Information Management System Implementation of a computer system to replace paper documentation would require the involvement of an interdisciplinary team. This team would be comprised of several members, each with a specific job. The first member selected would be a Clinical Nurse Informaticist. This team member would be charged with giving valuable input on the software needed for nurses to properly care for and chart on their patients. With the knowledge of nursing practice and informatics, this team member would very valuable in bringing the two together in the most efficient way possible. The next team member would also be from the IT department. A Director of Clinical Informatics would be chosen for this project. The Director of Clinical Informatics play a vital role in the project because of the knowledge of current hospital technology, upgrades that may be needed, software that is available, and regulations for patient privacy. A Chief Nursing Information team member would in charge of researching what each department needs in a software system. With each unit being different in charting needs and the flow of the unit, this team member would be very important and work closely with the Clinical Nurse Informaticist. These two team members would work closely with nursing staff to ensure everyone becomes competent with the system once it is in...
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...0 3 0 Electronic Health Records in the Physician Office CHAPTER OUTLINE Patient Flow in the Physician Practice Step 1. Pre-Visit: Appointment Scheduling and Information Collection Step 2. Patient Check-in and Payment Collection Step 3. Rooming and Measuring Vital Signs Patient Examination and Documentation Step 4. Patient Checkout Step 5. Post-Visit: Coding and Billing Post-Visit: Reviewing Test Results Coding and Reimbursement in Electronic Health Records Computer-Assisted Coding Clinical Tools in the Electronic Health Record Decision-Support Tools Tracking and Monitoring Patient Care Screening for Illness or Disease Identifying at-Risk Patients Managing Patients with Chronic Diseases Improving the Quality and Safety of Patient Care with Evidence-Based Guidelines E-Prescribing and Electronic Health Records Keeping Current with Electronic Drug Databases Increasing Prescription Safety Saving Time and Money LEARNING OUTCOMES After completing this chapter, you will be able to define key terms and: 1. 2. 3. 4. 5. 6. 7. 8. 9. List the five steps of the office visit workflow in a physician office. Discuss the advantages of pre-visit scheduling and information collection for patients and office staff. Describe the process of electronic check-in. Explain how electronic health records make documenting patient exams more efficient. Explain what occurs during patient checkout. Explain what two events take place during the post-visit step of the visit workflow. Describe the advantages of computer-assisted...
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...across North America, with primary hubs centred in major labour markets. Branch office locations are situated in key areas, each with a distinct market focus.Quantum is a true success story, with a portfolio that includes a full range of permanent and temporary recruiting services in all disciplines and at all levels. These services are available to our clients and candidates in every business sector through the member companies of the Quantum Group:• Quantum Management Services Ltd. • Quantum Technology Recruiting Inc. • Alternacare Inc. † †Quantum is an equal opportunity employer.For more job opportunities visit www.quantum.ca | | | Human Resource Administrator | | | Job Ad - ContinuedQuantum is proud to partner with McKesson Canada to meet its hiring...
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...to find a vendor that will deliver the initial training program but also have an ongoing training schedule when new upgrades are released. An area to take into account would also be training new-hires to the system. NextGen Healthcare offers classroom and web-based instruction to provide training for the NextGen Ambulatory EHR software (NextGen Healthcare, 2013). NextGen’s website states “Our multiple training options support different schedules and needs. Physicians and staff can attend courses at one of our four state-of-the-art facilities, take self-paced online eLearning, and train virtually by WebEx.” Paragon is an EHR system from McKesson and provides training via on-site, webinars, self-study guides, and web-based training (McKesson, 2013). They also provide product readiness assessments and training plans prior to implementation. McKesson (2013), states that...
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