Cardinal Health 2011 Annual Report Download - page 9
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with outcomes. Cardinal Health is well-positioned to play a
meaningful role in helping our customers navigate and adapt
to this changing world. Our focus is squarely on improving
the cost-eectiveness of care so that the healthcare providers
we serve can focus on what matters most: their patients.
Working in healthcare is a privilege, but it is also a
responsibility. We take that responsibility very seriously.
I am very proud to be part of a team that is so passionate
about serving our customers and delivering on our mission
of making healthcare more cost-eective. And we will
continue to raise the bar, as we are not yet satised.
Before I close, I wanted to take a moment to recognize
Dr. James J. Mongan, who died in May. Dr. Mongan was an
esteemed member of the Cardinal Health board of directors.
We are grateful for the time we had with him; although, it
was too short. And we are grateful for the contributions he
made to our company during the time he was able to serve.
He was a healthcare leader without equal, and dedicated
his life with passion to improving both the access to and
the quality of healthcare. We will remember him fondly.
Fiscal 2011 was an important year for us, and I want to
thank all of our shareholders for their trust and support.
Sincerely,
George S. Barrett
Chairman and CEO
Cardinal Health, Inc.
Although the Medical segment began scal 2012 with some
lingering headwinds, our competitive position is strong
— we’re in the second year of implementing our category
management strategy; we will be “going live” with our
Medical Business Transformation initiative; and, we continue
to accelerate our global sourcing capabilities. And, of course,
we are taking aggressive action to mitigate the impact of the
high cost of commodity inputs on our medical products.
At the same time, we continue to compete in an economy
experiencing a high rate of unemployment, which has
dampened the utilization of healthcare products and services.
We believe that innovation is necessary on all fronts to
stimulate economic growth in the U.S. As a company, we also
rmly believe that innovation is an important lever for our
success, and we are dedicating resources to both business
and product innovation.
Within the broader economy, the healthcare landscape will
continue to undergo signicant change in the coming years.
Those who see this solely in the context of the signing of the
Patient Protection and Aordable Care Act may miss powerful
forces which are driving change. The combination of an aging
population, increases in the number of people suering from
chronic disease, and the high number of Americans who still
struggle to access aordable, quality care is creating a perfect
storm. The pressure to address these issues — while managing
the impact on our economy — will force us to explore new
ways to deliver healthcare. We believe that the market will
need to innovate in order to respond to the challenge, and
this innovation will take many forms. It will require care
to be better-coordinated and incentives better-aligned