There are two recent healthcare reports that got players in the industry excited. The first report is about CVS’ intention to acquire Aetna, a leading health insurance firm. The second one was about the much-awaited entry of Amazon in the distribution of healthcare-related equipment. The report revealed that Amazon has already received pharmacy licenses from a number of states. Worthy note from the Amazon report is that, they will not be involved in the distribution of prescription medicines. However, this does not mean it won’t happen. Rumors are already alive that they will be aiming their guns to acquire such licenses after they are done with licenses for equipment.
The report by Amazon has been reinforced by a move by major shareholders in pharmacy stocks to sell their shares following revelation. Amazon has already shown its ability to engage in retail business after the successful purchase of Whole Foods.
So, what happens to the established players in the pharmaceuticals business now that Amazon will bring lethal competition right to their doorsteps? Companies such as CVS has been forced to invent new measures that are meant to put up a defensive wall against expected competition from Amazon. The recent move to join healthcare insurance will broaden its services in the healthcare sector. Another measure that it has taken is that of delivering products to the consumers’ doorsteps. The company has announced that it will start a next-day delivery as well as same-day delivery in some metro areas. View Additional Info Here.
About Drew Madden
Drew Madden is an IT investor in the healthcare industry. His job is assisting companies in the industry to come up with unique teams of professionals as well as create strong cultures which will help them establish and maintain solid client relationships. Drew Madden stands out in the healthcare field. He is a high caliber Healthcare IT investor.
Drew Madden has worked for Nordic Consulting Partners between 2010 and 2016. He was the president of the firm. NCP is the biggest Epic Consulting firm and while he was the president it was awarded for excellence in providing the best Epic services for two years (2012 & 2014).
Drew Madden who holds a degree in Industrial Engineering has started his own healthcare IT firm known as Cerner Corporation. He studied at the Iowa College of Engineering where he specialized in Medical Systems.