Are we about to undergo a radical change in the way in which we purchase our pharmaceutical products? The answer is probably yes if you ask someone like Drew Madden. He is the kind of person who follows every move of that particular sector of the market. He has both worked in healthcare information technology as well as explored his own ventures in the same realm. Drew Madden stands out in the healthcare field. He is a high caliber Healthcare IT investor who is keen on nurturing solid client partnerships. He’s also interested in improving the healthcare culture.
Drew Madden has a lot of experience, and that experience translates to a deeper understanding of what different moves in the market mean for the public as a whole. Drew Madden would like for everyone to be able to understand what is happening as well so that they are best able to prepare themselves for the numerous twists and turns that sometimes accompany working in the industry.
Right now, the major talk throughout the whole industry has to do with Amazon and CVS. These are the two giant companies who have made the biggest splash as of late. Amazon has generated a lot of headlines by applying for licenses in numerous states to sell pharmaceutical products in those states. That had industry giants like CVS running for cover. They did not want to lose their very important market share in the industry that they have been dominant in for so long.
CVS responded to Amazon getting into the market by purchasing a healthcare insurance company for themselves. This helped them to diversify their business in a way that they hope will keep them competitive with Amazon going forward.
The main competitive advantage that CVS has over Amazon at the moment is the ability for their customers to pop in whenever they need whatever it is that they are shopping for and get it right away. There is no waiting, and no need to pay shipping charges. That being said, a lot of people trust Amazon and will expand their usual spending into pharmacy products through Amazon if given the opportunity.
It is really a Goliath vs. Goliath battle to see just which company the strength might have to take over and dominate in the healthcare IT sector. Visit This Page for related information.