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Cardinal Health reports third-quarter results for fiscal year 2021


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DUBLIN, Ohio, May 6, 2021 /PRNewswire/  Cardinal Health (NYSE: CAH) today reported third-quarter fiscal year 2021 revenue of $39.3 billion, in-line with the third quarter of last year. Third-quarter GAAP operating earnings decreased 16% to $473 million, primarily due to the write-down of the net assets held for sale from the planned divestiture of the Cordis business. Third-quarter GAAP diluted earnings per share (EPS) decreased to $0.40, due to the previously-disclosed tax effect of the litigation charge in the first quarter.
Non-GAAP operating earnings decreased 4% to $689 million in the quarter due to the negative impact from COVID-19, primarily concentrated in the Pharmaceutical segment. Non-GAAP diluted EPS decreased 6% to $1.53 in the quarter, reflecting a higher non-GAAP effective tax rate, partially offset by lower interest expense. ....

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Cardinal Health Inc (CAH) Q3 2021 Earnings Call Transcript


Operator
Good day, and welcome to the Cardinal Health, Inc. Third Quarter Fiscal Year 2021 Earnings Conference Call. [Operator Instructions]
At this time, I would like to turn the conference over to Kevin Moran, Vice President of Investor Relations. Please go ahead.
Kevin Moran
Vice President of Investor Relations
Good morning, and welcome. Today, we will discuss Cardinal Health s third quarter fiscal 2021 results, along with an update to our FY 21 outlook. You can find today s press release and presentation on the IR section of our website at ir.cardinalhealth.com. Joining me today are Mike Kaufmann, Chief Executive Officer; and Jason Hollar, Chief Financial Officer. During the call, we will be making forward-looking statements. The matters addressed in the statements are subject to the risks and uncertainties that could cause actual results to differ materially from those projected or implied. Please refer to our SEC filings and the forward-looking statem ....

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Cardinal Health announces new platform to improve drug adherence


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Cardinal Health announced this week that it had launched a new platform aimed at addressing medication adherence challenges.  
The platform, which the company is calling Outcomes, combines several existing businesses to deliver tools for medication therapy management, digital patient engagement and telepharmacy.
Outcomes is the latest example of how we’re developing and investing in technology solutions and actionable data tools to enable more meaningful, cost-effective and outcomes-driven connections in healthcare, Mike Kaufmann, CEO of Cardinal Health, said in a statement.  
WHY IT MATTERS  
Medication nonadherence presents a significant issue for the health industry and patients.    ....

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Cardinal Health launches Outcomes™


Cardinal Health launches Outcomes™
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DUBLIN, Ohio, April 27, 2021 /PRNewswire/ Cardinal Health (NYSE: CAH) today launches Outcomes™, a digital ecosystem connecting pharmacists, payers and pharmaceutical companies to mitigate the challenges of medication non-adherence. Outcomes delivers digital health solutions for personalized medication therapy management, digital patient engagement, and telepharmacy, via its
Connect™ platform, so these three customer groups can improve patient adherence to medication, drive better health outcomes for patients, and lower the cost of care.
Outcomes combines several existing Cardinal Health businesses within Connected Care, including mscripts™, OutcomesMTM™ and TelePharm. Its digital ecosystem currently supports a network of 23 million patients and 60,000+ pharmacy sites nationwide to streamline pharmacy workflows, enhance patient engagement and deliver clear ....

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