Every business establishment is started and initiated with an aim of making profits and at the same time ensuring it remains relevant in the market. there are some key sectors that are essential for the development of an economy. The most common one is the health sector. The CVS health corporation is an initiative formed to ensure the health concerns of the nation. As a way of understanding the financial health of the institution, financial analysis is the tool to be used to measure the profitability of the corporation for the past and present period. The success of a business is evaluated using its financial operations and used as a metric to determine future growth.
The CVS health corporation is one of the pharmacy establishments, which have been leading in regard to the administration and distribution of pharmaceutical products. in the global context, it has over 10,000 drug retail facilities. Additionally, as a success factor and an aspect of gaining a competitive edge, the corporation offers Caremark pharmacy services, plays the role of prescription, and runs pharmaceutical stores. As a way of increasing its financial position, the corporation created specialty pharma infusion business services, where they pay health visits to clinics, where they end up getting and landing at megadeals (Beauchamp & O’Connor, 2012). The profitability of the corporation is born from its role in saving patients in the process of prescribing drugs. The future benefits of the company are that it aims at ensuring there are accessible, affordable, and high-quality care services to their patients. this has made it grow physically and economically. CRV health corporation, as an American based pharmacy specializing in retail services to retailers. As a way of seeking the generation of future financial benefits, the corporation became part of the Melville Corporation, a strategy that has seen the opening of outlet stores.
Ethical and Social Responsibility of the Organization
Financial success is not only born from the increased number of the outlet store, but it is also fashioned by the consideration of Ethical and Social responsibility in the health context. The organic growth of the corporation, it’s profitability, and meeting of its cash payments is driven its social responsibility of directing the meeting of its purpose (Becchetti, Di Giacomo, & Pinnacchio, 2008). The specific social responsibility is helping individuals in getting the perfect pathways to better health services. In the past and present periods, the community support and corporate social responsibility have been the main reasons behind the high profitability of the corporation. Financial analysis of CVS health corporation from its profitability is the measurement of its success mainly shaped by its engagement with different stakeholders, the national partnership with related establishments, extension of community-based grants, and the strong health foundations.
The ethical and social responsibilities of the corporations are the growth metric appreciated by CVS health corporation in building a strong base to promote its profitability. A financial analysis from it business activities, reveal the great capabilities to grow organically and financially. Every practice I the corporation is driven by its goal of helping people in having better health. The framework of the prescription of a better world is the factors determining the achievement and realization of ethical and social responsibilities. There are some economic resources the corporation has, and which have the capabilities of generating future benefits and meeting its obligations in making future cash payments. The economic resources include the strong capital base, the presence of performance targets, and favorable pharmacological environment.
Beauchamp, L. L., & O’Connor, A. (2012). America’s most admired companies: A descriptive analysis of CEO corporate social responsibility statements. Public Relations Review, 38(3), 494-497.
Becchetti, L., Di Giacomo, S., & Pinnacchio, D. (2008). Corporate social responsibility and corporate performance: evidence from a panel of US listed companies. Applied Economics, 40(5), 541-567.
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