Issue link: https://beckershealthcare.uberflip.com/i/1007936
44 POPULATION HEALTH 44 CEO/STRATEGY 40 healthcare companies in the 2018 Fortune 500 By Leo Vartorella F ortune released its 64th annual list of the 500 most profitable American com- panies May 21, with 40 healthcare com- panies making the cut. Companies are ranked in order of their total revenues in the last fiscal year. Only compa- nies incorporated and operating in the U.S. are eligible for inclusion in the Fortune 500. Here are the 40 healthcare companies select- ed for the Fortune 500 in order of their rank- ing: 5. UnitedHealth Group 7. CVS Health 25. Express Scripts 29. Anthem 37. Johnson & Johnson 49. Aetna 56. Humana 57. Pfizer 61. Centene 63. Nashville, Tenn.-based HCA Healthcare 73. Cigna 78. Merck 110. AbbVie 111. Abbott Laboratories 116. Gilead Sciences 129. Eli Lilly 130. Amgen 145. Bristol-Myers Squibb 147. Dallas-based Tenet Healthcare 152. Long Beach, Calif.-based Molina Healthcare 160. Franklin, Tenn.-based Community Health Systems 162. Danaher 170. WellCare Health Plans 179. DaVita 198. Envision Healthcare 224. Celgene 240. Stryker 245. Biogen 251. Becton Dickson 268. King of Prussia, Penn.-based Universal Health Services 283. Baxter International 286. Laboratory Corp. of America 304. IQVIA 328. Boston Scientific 361. Zimmer Biomet 367. Quest Diagnostics 390. Brentwood, Tenn.-based LifePoint Health 416. Louisville, Ky.-based Kindred Healthcare 473. Regeneron Pharmaceuticals 475. Scottsdale, Ariz.-based Magellan Health n 5 components of great workplace culture By Leo Vartorella O rganizational leaders may think offering employee perks or flexible work schedules is the key to cultivating a positive workplace cul- ture, but there are actually a number of more fundamental building blocks they must first address, according to the Harvard Business Review. Here are the five systems that companies must establish to instill their values in day-to-day work. 1. Hiring. Having clear behavioral expectations allows leaders to identi- fy applicants that will cement organizational culture. 2. Strategy and goal setting. This guidance not only lets employees know what they should be striving toward but also how they should go about it. 3. Assessing. Determining how behaviors are assessed and evaluated will ensure employees are aware of cultural expectations. 4. Development. Development opportunities keep employees en- gaged and moving in the right direction while still having faith in the organization's culture. 5. Rewards. By making a rewards system standardized and transparent, organizations can eliminate infighting among employees vying for pro- motions. n Healthcare job growth continues; hospitals add 6.2K jobs in May By Kelly Gooch H ealthcare added 28,900 jobs in May, with hospitals contributing 6,200 to that total, according to the lat- est jobs report from the U.S. Bureau of La- bor Statistics. This compares to the 24,400 jobs the indus- try added in April. It is also about in line with the average gain per month over the prior 12 months, according to the BLS. Within the healthcare sector, ambulatory healthcare services showed the most em- ployment growth in May, adding 17,900 jobs. Hospitals added 6,200 jobs in May compared to the 8,000 they added in April. Nursing and residential care facilities gained 4,800 jobs. Overall, the U.S. added 223,000 jobs in May. n