Nineteen healthcare companies are among the 250 best managed for 2023, as identified in the annual ranking by the Drucker Institute.
The "Management Top 250" ranking is published annually through a partnership between The Wall Street Journal and the Drucker Institute, which is part of Claremont (Calif.) Graduate University. The ranking evaluates companies by applying principles of the late management expert Peter Drucker to identify the most effectively managed businesses.
Nearly 800 companies were scored in 2023 on an analysis of 34 individual metrics that fall within five categories: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. Scores range from 0 to 100 with a mean of 50.
"The fact that a firm is ranked toward the bottom of the Management Top 250 doesn't mean that it is not managed effectively," the institute notes in its methodology. "The lowest-ranked firm on the list is still in the top 30% or so of a much larger group of companies that were analyzed."
Below are the 19 healthcare companies ranked on the list of the top 250 best-managed companies. The full listing can be found here, via The Wall Street Journal, and the scores for each evaluated company can be found here.
Merck
Overall rank: 10
Score: 74.3
Eli Lilly
Overall rank: 11
Score: 74.2
Pfizer
Overall rank: 12
Score: 73.9
Johnson & Johnson
Overall rank: 13
Score: 73.5
Abbott Laboratories
Overall rank: 28
Score: 68.8
Edwards Lifesciences
Overall rank: 29
Score: 68.1
AbbVie
Overall rank: 41
Score: 66.1
Medtronic
Overall rank: 42
Score: 66
Bristol-Myers Squibb
Overall rank: 58
Score: 64.5
Intuitive Surgical
Overall rank: 76
Score: 62.2
Boston Scientific
Overall rank: 78
Score: 62.1
Gilead Sciences
Overall rank: 87
Score: 61.2
Becton Dickinson
Overall rank: 92
Score: 61
Agilent Technologies
Overall rank: 96
Score: 60.7
Illumina
Overall rank: 109
Score: 60.1
Biogen
Overall rank: 147
Score: 57.4
Baxter International
Overall rank: 151
Score: 57.1
Hologic
Overall rank: 157
Score: 56.9
ResMed
Overall rank: 171
Score: 56.3