Competition Spurring Change in the American Healthcare Industry
The American healthcare industry is on the move with companies, out to outdo each other, spurring change in the sector. Recently, Amazon, a consumer-centered e-commerce platform, revealed that it had ventured into the U.S consumer healthcare space. The retail giant would distribute healthcare-related equipment in some American states. The announcement by Amazon sparked speculations with investors envisioning a future where Amazon is among the distributors of prescription medicine. According to such investors, Amazon entry into the healthcare industry and its growth in the sector is likely to impact existing business adversely.
However, it is not only investors that are worried about Amazon’s recent business strategy; other players in the healthcare industry such as CVS Health are strategizing on ways to protect their businesses. CVS Health, an American retail pharmacy, disclosed to its stakeholders that it would purchase Aetna, a renowned health insurance company, for $69 billion. Additionally, CVS uncovered a new product that would allow patients across America to access prescriptions in a span of 48 hours upon placing an order. Stephen Kraus, Bessemer Venture Partners, suggests that CVS actions were emblematic of a business sensing competition and ready to fire every bullet in its arsenal to ward off competition.
At the center of all the unfolding events in the healthcare sector is the American consumer. Both Amazon and CVS have undeniably colossal footprint across America and consumers will enjoy better access to health-related services. Kraus is convinced that competition in the healthcare space is healthy, as it will lead to many people living healthier lives and for an extended period. Click Here for more information.
People are awed when corporations announce forward-thinking business strategies, forgetting the real forces behind innovations: professionals such as Drew Madden. Madden is seasoned healthcare IT entrepreneur. Drew Madden forte is establishing high caliber teams, productive company culture, and beneficial partnerships.
At the helm of Nordic Consulting (2011-2016), Drew Madden asserted himself as a revolutionary leader when he spearheaded the company’s exponential growth. Nordic revenues rose to $130, 000, 000, up from $1 million. Also, the company’s staff and client base witnessed an upward trajectory. Drew studied industrial engineering at the University of Iowa College of Engineering.