Organizational Culture Polymedica Corporation Is a Fast-Growing Term Paper

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Organizational Culture

Polymedica Corporation is a fast-growing medical products and services company, well-known for its Liberty brand name that addresses the needs, mainly, of seniors suffering from diabetes and respiratory ailments. Since 1989, Polymedica has been continuously expanding product lines and services to these clients and operating through its three business segments, namely, Liberty Diabetes, Liberty Respiratory and Pharmaceuticals (Polymedica 2004). The company and subsidiaries' manufacturing, distribution and laboratory facilities are located in Massachusetts and Florida..

It has made a name as the leading direct-to-consumer provider of diabetes supplies and related products and services in response to the growing numbers of seniors who develop diabetes. Its own findings showed that the incidence of the chronic disease rose by 49% from 1990 to 2000 and trends indicate that it would continue to grow to 65% till 2050 (Polymedica). The findings also revealed that diabetes among the seniors increased from 18.4% in 1999 to 20.1% the following year alone.

Responding to this trend, the company combined a technology-based operating platform and its successful compliance management approach (Standard and Poor 2003) through its three business segments.

Its Liberty Diabetes segment offers testing kits, insulin, syringes and other products and services directly to Medicare-eligible clients who are unable to buy them at drug stores. Selling is done through contracted managed chronic care organizations (McLellan 2004), professional products and consumer health care markets. This segment is the busiest and most profitable, accounting for 76% of its 2001 fiscal revenues.

Its Liberty Respiratory section makes available respiratory medications and supplies to senior customers using nebulizer therapy in a simple, easy and reliable way (Polymedica).

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This is also the company response to the more than 16 million Medicare-eligible Americans who are afflicted with chronic obstructive pulmonary disease (or COPD). Polymedica has achieved leadership status in the Medicare respiratory pharmacy market with its superior service (Polymedica): it ships orders directly to customers without fees or charges and bills insurance companies directly as well. Its Liberty Home Pharmacy also educates and updates its customers about the disease while communicating with them and through the company website.

The Pharmaceuticals segment sells prescription oral medications not covered by Medicare and the AZO line, consisting of over-the-counter female urinary discomfort products, home medical diagnostic kits and prescription urology and suppository products (Standard and Poor). These are distributed in major drug stores and pharmacy outlets, supermarkets and through mass merchandisers Urological products and dressings accounted for 20% of the company's 2001 fiscal revenues (Business.com 2001). Having acquired recognition among senior sufferers of chronic diabetes, it has also reached out to those aged 40 to 65 by offering its AZO product line of pain relievers to those suffering from urinary tract infections (UTI). These products include over-the-counter female urinary tract discomfort products, distributed nationwide through major pharmaceutical oinks, supermarkets and mass merchandisers.

Polymedica Corporation is the unquestioned pioneer in the use of the national television advertising medium in reaching out to customers at home. It is also the industrial and market leader in helping these senior customers, afflicted with diabetes and chronic COPD, comply with their physician-directed regimens The company accomplishes these through its successful compliance management scheme (Polymedica), whereby it helps senior diabetics more tightly monitor their blood glucose.....

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