With health care in the news recently, two reports have come out concerning pharmaceutical suppliers and health insurance. One is that CVS is setting its eyes on purchasing health insurance giant Aetna. The second one is that pharmacy licenses for distributing healthcare related equipment in several states have been acquired by Amazon.
There seems to be a connection.
Amazon is growing larger every day, and although it already has everything a consumer might want, now it appears that it would like to have slice of the health care pie as well. The company’s ability to satisfy so many consumers is a great advantage.
Which is probably why CVS is considering buying Aetna; it looks to be a defensive move, and it makes perfect sense since it just announced a plan to offer nationwide next day prescription delivery.
However, with both companies taking different approaches to this, it might work to everybody’s advantage in the long run. CVS wants to build on its health care and retail footprint to bring its pharmacy and insurance services into one simple package. Go Here for additional information.
This could very well lead us toward the first step in the ‘consumerization’ of health care. With the different elements each of these companies brings to the table, people can have more control about making decisions and the purchasing of health care.
Health care technology has also started to emerge on the scene in recent years, and one of its leading advocates is Drew Madden.
Having nearly 10 years of experience as a health care entrepreneur and professional, Mr. Madden started his career at Cerner Corporation, where he also served as a consultant for two years. He has a Bachelor of Science in Education degree in Industrial Engineering, focusing on medical systems from the University of Iowa College of Engineering.
In addition, Drew is currently a managing partner of Evergreen Healthcare Partners, which he helped launch in 2017, and in 2010 he joined Nordic Consulting Partners where he served as president from 2011-1016.
He is very enthusiastic about his work with Electronic Medical Records and has spent more than a decade helping to improve the challenges of E.M.R. science.
In a bid to bring change into the healthcare sector, organizations and individuals are challenging the status quo, making it necessary for policymakers and other stakeholders to change their attitude. However, even as these changes take place, two key factors are seen to play a central role; the amount of money involved and the need to create solutions that work.
It is estimated in 2015, up to $3.2 trillion of the U.S budget was spent on health care. This amount paints a picture of an industry with the potential of creating billion-dollar companies and wealthy entrepreneurs. A case in point is that of John Crowley, who, in the process of seeking a cure for his two children diagnosed with a rare neuromuscular disorder, founded Amicus Therapeutics. Crowley later left his job and went head-on into the healthcare industry when he founded Novazyme Pharmaceuticals. It is this biotech startup that he credits with saving his children’s lives.
Although the opportunities within the healthcare sector are numerous, would-be entrepreneurs are not enlightened about them. At the same time, prohibitive politicking, regulations and cartels inhibit creative engagement.
This notwithstanding, the entry of organizations such as CVS and Amazon into the healthcare sector is geared to ruffle the industry. Amazon is said to have obtained pharmacy licenses in several states, ostensibly to start distributing healthcare equipment. It is ultimately expected that the company will also distribute medication with the same success it has achieved in other products. On the other hand, CVS is said to be in the process of buying health insurance giant Aetna. See Related Link for additional information.
The two companies are no doubt banking on the healthcare consumer. Amazon, for instance, will ride on its massive networks to offer competitive delivery of products.
As the industry absorbs more tech-based solutions, health Care IT entrepreneurs such as Drew Madden will play a vital role in injecting new ideas and a different culture. A managing partner at Evergreen Healthcare Partners-one of the nation’s leading healthcare IT support organizations- Drew Madden has a proven record of performance. As president of Nordic Consulting Partners between 2011-2016, Drew grew the organization from 10 to over 700 employees and 150 client partners where there were only three. A graduate of Iowa College of Engineering, Drew’s input into healthcare IT-based solutions is valuable.