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2021 US Insurance Awards: McKesson, Risk Management Team of the Year



When the US government elected McKesson Corp. as a central distributor of covid-19 vaccines, its risk management team was quickly mobilized to assist in the company's central role in setting up vaccine distribution centers.

From the beginning of the pandemic. , and as a key member of McKesson's crisis management team, risk management had been involved in meeting the growing demand for personal protective equipment and supplies amid critical shortages in hospitals across the country.

After McKesson was elected to support the government covid. -19 vaccine distribution efforts, the risk management team expanded its focus to ensure a successful vaccine rollout.

Critically, McKesson led the business without losing production time at any of its distribution centers.

McKesson is the winner of the competition. Business Insurance 2021

US Insurance Award for Risk Management Team of the Year.

McKesson started a dedicated opera to manage the covid-19 vaccines. To meet the demand and scope of this mission, the Irving, Texas-based pharmaceutical distributor added 3.3 million square feet of new distribution space.

Many obstacles must be overcome to deliver the vaccines within the fast time frame. Risk management mobilized to ensure that McKesson's resources and expertise were well positioned in all areas of the business to identify and mitigate risks and help ensure the success of the business.

Risk management efforts contributed to the success of the business in various important ways. For example, the team reviewed and provided modeling of insurance coverage along with key risk priorities and contributed to the negotiation of key agreements.

It also supported the implementation of risk mitigation standards and critical safety features focusing on operational resilience and assisted the company's operations in Canada and Europe at various stages of response.

the environment and rules for employee compensation and safety, says Jane Sandler, Alpharetta, Georgia-based vice president, global risk management, at McKesson.

The Risk Management Team's efforts supported McKesson's distribution of over 185 million vaccines in the United States as of July 31, 2021 and more than 65 million vaccines to countries around the world under the auspices of the federal government.

Risk management played "an important role as part of the crisis management team, overcoming obstacles and finding innovative solutions in record time", Sandler said during a video reception where she honored all Business Insurance 2021 USIA award winners.

FINALIST

• BioMed Realty L.P. BioMed's risk management team has worked with all departments to expand its corporate risk management strategy as its business and pipeline grow.

• Google LLC – Google's risk management team developed insurance coverage for companies using their cloud services, created a business damage disaster disaster and provided critical responses to the covid-19 pandemic.

• JetBlue Airways Corp. – JetBlue made changes to its risk management program, applied technology and implemented processes designed to ease the injury management burden for crew members injured at work.

• Jordan Foster Construction LLC – Jordan Foster Construction's risk management team has improved its best practices , developed new programs to train staff to minimize or eliminate risks and safety concerns on a company-wide basis.


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