MINNEAPOLIS MEDICAL BUSINESSES
From medical technology to nanotechnology, from pharmaceuticals to ellipticals, Minnesota industries are creating new, diverse and sustainable economic advances in the fast-growing health field.
Multiple Fortune 500 companies call Minneapolis home, so it's no surprise that we're a hub for meetings and events to meet and ideate.
United Health Group Inc. (#17 in Fortune 500): UnitedHealth Group is a leading health care company, serving more than 75 million people worldwide. Their family of companies touches nearly every aspect of health care, helping people live healthier lives:
- United HealthCare creates the modern pharmacy benefits management business, linking benefit design with retail pharmacy networks and mail service through its subsidiary, Diversified Pharmaceutical Services Inc.
- United HealthCare introduces the transplant network that helps direct people to programs equipped with quality physicians and facilities to handle their complex medical needs. Over time, the program expands to include conditions including cancer, kidney disease, congenital heart disease, women's health services and bariatric surgery.
- The company's patented artificial intelligence system AdjudiPro®, which is entered into the permanent research collection of the Smithsonian Institution, is awarded the CIO Enterprise Value Award.
- The Product Development and Management Association recognized UnitedHealth Group with the 2011 Outstanding Corporate Innovator Award. The award recognizes sustained (five or more years) quantifiable business results from new products and services. Past winners include such world-class innovators as Apple, Pepsi, BMW, FedEx, Bank of America, Harley Davidson and Xerox, among others
3M Co. (#101 in Fortune 500): 3M is a global leader offering innovative products and solutions for medical, oral care, health information management, drug delivery and food safety. They leverage 3M technology, world-class manufacturing and global reach to provide trusted products that help promote health and improve the quality, cost and outcomes of care:
- 3M develops Littmann brand stethoscopes -- renowned worldwide for unsurpassed quality, precision, acoustical superiority, innovative design and exceptional performance.
- 3M provides tapes for the medical market and pioneers sterile surgical drapes based on the company's innovative adhesives and films technology.
- 3M introduces the first CFC-free metered-dose inhaler, for asthma treatment.
Medtronic (#172 in Fortune 500): Medtronic is a global leader in medical technology, redefining how technology is used in the management of chronic disease. Their deep understanding of human physiology yields unique insight into a range of therapeutic areas, including heart and vascular diseases, diabetes, neurological disorders, and spinal conditions. This breadth of offerings, combined with their years of experience, allows them to deliver therapies that are transforming the treatment of chronic disease and changing the lives of more than 7 million patients worldwide each year:
- The Medtronic defibrillator: a device that's meant to be implanted in a patient's chest so that it can automatically monitor that patient's heart rhythm and consistency. It works like almost any other defibrillator, in that it sends a 'shock wave' to the patient's heart when the heartbeat falls out of rhythm. The product is supposed to work seamlessly for an average of ten years at a time, as any replacement necessities with this device logically results in additional surgery.
- MiniMed Paradigm 523/723 and Paradigm Real-time Revel system and Guardian Real-time system: the first insulin pump which integrates continuous blood glucose monitoring, allowing patients to see in real time their glucose level.
- Symplicity Catheter System: works via a process known as renal denervation, or ablation of the nerves that line the renal arteries, and could represent a way to control resistant hypertension without drugs.
EcoLab Inc. (#229 in Fortune 500): The company provides sanitation and pest control supplies, foodservice equipment repair and parts, food safety services and consulting to restaurants, hospitals, food and beverage plants, laundries, schools, retail and commercial properties.
St. Jude Medical Inc. (#457 in Fortune 500): St. Jude Medical develops and manufactures the following types of products:
- Cardiac resynchronization therapy devices for heart failure
- Artificial pacemakers and implantable cardioverter defibrillators (ICDs) for treating cardiac rhythm disorders
- Diagnostic and therapeutic electrophysiology catheters
- Introducers, catheters, and vascular closure devices for cardiology and vascular access
- Mechanical and tissue heart valves plus valve repair products
- Spinal cord stimulators for intractable pain (under subsidiary "Advanced Neuromodulation System" based in Plano, Texas)