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Mac Crawford

What is 'Mac Crawford'

Former CEO, president and chairman of Nashville-based Caremark, a mail-order pharmaceutical and pharmacy benefits management company. In 1997, Mac Crawford became president and CEO of physician-practice management company MedPartners. When he joined MedPartners, it was struggling with operating losses and a high level of debt. It sold most of its physician-practice management companies to focus on pharmacy benefits management and changed its name to Caremark.


In 1998, Crawford became the company's CEO, president and chairman. He increased Caremark's revenues, paid off its debt and helped it acquire rival AdvancePCS. In 2007, Caremark merged with pharmacy CVS to become the Fortune 20 company CVSCaremark.


After leaving Caremark, Crawford became the co-founder and principal in 2008 of CrawfordSpalding Group, a business advisory and management services company whose services are based on Crawford's experience in turning around struggling companies.

Explaining 'Mac Crawford'

Born in 1949, Crawford earned his bachelor of science degree in accounting from Auburn University and began his career as an accountant with Arthur Young & Co. in 1971. He joined GTI in 1981 as its CFO, became CFO of Oxylance in 1985, became president of Mulberry Street Investment Company in 1986 and later became chairman, CEO and president of Charter Medical Corp., which he helped rescue from Chapter 11 bankruptcy. In 1995, Crawford became chairman, CEO and president of Magellan Health Services when Charter purchased Magellan and took its name.


Further Reading


An assessment of key health indicators among emergency medical services professionals
www.tandfonline.com [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

An assessment of depression, anxiety, and stress among nationally certified EMS professionalsAn assessment of depression, anxiety, and stress among nationally certified EMS professionals
www.tandfonline.com [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

Identification of factors that affect the adoption of an ergonomic intervention among Emergency Medical Service workersIdentification of factors that affect the adoption of an ergonomic intervention among Emergency Medical Service workers
www.tandfonline.com [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

Higher energy prices are associated with diminished resources, performance and safety in Australian ambulance systemsHigher energy prices are associated with diminished resources, performance and safety in Australian ambulance systems
onlinelibrary.wiley.com [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

A structural equation modelling approach to predicting adoption of a patient-handling intervention developed for EMS providersA structural equation modelling approach to predicting adoption of a patient-handling intervention developed for EMS providers
www.tandfonline.com [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

Estimating the life cycle greenhouse gas emissions of Australian ambulance servicesEstimating the life cycle greenhouse gas emissions of Australian ambulance services
www.sciencedirect.com [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

Corporate stakeholders and corporate financeCorporate stakeholders and corporate finance
www.jstor.org [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

High-leverage finance capitalism, the economic crisis, structurally related ethics issues, and potential reformsHigh-leverage finance capitalism, the economic crisis, structurally related ethics issues, and potential reforms
www.jstor.org [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

Behavioral economics: Past, present, and futureBehavioral economics: Past, present, and future
pubs.aeaweb.org [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …

A macroprudential approach to financial regulationA macroprudential approach to financial regulation
www.aeaweb.org [PDF]
Introduction. Ensuring the health and productivity of emergency medical services (EMS) professionals is important. However, there has been no known national baseline assessment of the health and wellness of EMS professionals in the United States. According …



Q&A About Mac Crawford


How does one refer to Mac Crawford when writing an article or book chapter about him?

Use "Mac" when referring to him informally; use "Crawford" when using his full name or title; use "Vincent P." if you are referring specifically to him instead of just using his last name alone.

What is Mac Crawford?

Former CEO, president and chairman of Nashville-based Caremark, a mail-order pharmaceutical and pharmacy benefits management company.

When did Mac Crawford become the CEO of Caremark?

In 1998.

Where did the author study economics?

The author studied economics at Princeton University, graduating Summa cum laude. He then went on to study at the Massachusetts Institute of Technology and received his PhD in Economics in 1976.

What is the author's name?

Mac Crawford.

What did he do to pay off debt at Caremark?

He paid off $1 billion in debt in two years.

How much revenue did he increase at Caremark?

He increased revenues by $1 billion in three years.

How many companies did he help acquire while working for MedPartners?

Three companies were acquired during his time with MedPartners.

Which university did he teach at prior to teaching at UCSD ?

He taught economics first at Stanford University , then moved on to teach economics first at MIT , then moved on again to teach economics first again back again back again back again back again back again back again back again back once more finally finally finally finally finally finally eventually eventually eventually eventually eventually eventually ultimately ultimately ultimately ultimately ultimately ultimately ultimately ultimately

Who was the rival that they acquired when they merged with AdvancePCS?

AdvancePCS was the rival that they acquired when merging with them.

After leaving Caremark, what did Mac Crawford do for work?

After leaving Caremark, he co-founded CrawfordSpalding Group which is a business advisory and management services company based on his experience turning around struggling companies.

What is the subject of this article?

This article is about Mac Crawford, Vincent P. Crawford (born 195), an American economist who currently holds a Senior Research Fellowship at All Souls College, Oxford and a Distinguished Professorship Emeritus at UCSD where he taught from 1976 to 21 as well as being Drummond Professor of Political Economy from 1985 to 21. He also held a visiting professorship at All Souls College for one year starting in 21 before taking up his current position as Senior Research Fellow there.

What is Vincent P.'s middle initial used for and what does it stand for?

His middle initial stands for Paul and it stands for Paul Vincent Patrick Crawford .

Where was the author born?

The author was born in 195.

Where does Mac Crawford live now ?

He lives in Franklin Tennessee .

What happened after merging with CVS Pharmacy to become CVSCaremark?

The company became Fortune 200 company CVSCaremark after merging with CVS Pharmacy.

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