So vibrant is the American healthcare industry that a year hardly passes by without significant announcement hitting the headlines. Towards the end of 2017, Amazon, a renowned e-commerce company, made its maiden entry into the American healthcare industry. The retail e-commerce giant acquired pharmacy licenses to distribute healthcare-related equipment in some states in the U.S.
However, the American healthcare industry is not short on speculations. After Amazon’s announcement, healthcare barons began speculating on the company’s next move, and some of them envisioned Amazon distributing prescription medications. Investors and companies in pharmacy business such as CVS Health took the speculators word for it. Some investors shade shares of pharmacy stocks while CVS Health went ahead to consolidate its business.
CVS Health, a retail pharmacy company based at Rhode Island, announced that it would acquire Aetna for a whopping $69 billion. CVS Health’s business improved with Aetna’s business, provision of healthcare insurance, will definitely make CVS Health the preferred healthcare company for many Americans. On top of announcing the planned purchase of Aetna, CVS Health rolled out a new service that would allow CVS Health’s clients to receive prescriptions 24 hours after placing an order.
CVS Health and Amazon have one thing in common: well-established retail footprints across America. The two corporations reach hundreds of millions of Americans, and the recent developments are indicative of better days ahead for the American healthcare consumer.
Apart from multi-billion corporations like Amazon and CVS Health, the American healthcare industry is advancing courtesy of efforts of individual entrepreneurs such as Drew Madden. He is a leading healthcare IT professional passionate about Electronic Medical Records and has dedicated a significant portion of his career to troubleshooting, optimizing, or dealing with other complex challenges of EMRs. He is presently a senior fellow at Evergreen Healthcare Partners. Drew Madden’s current employer is interested in all matters electronic health records.
Drew Madden was the president of Nordic Consulting Partners prior to joining Evergreen. His impressive work at Nordic is still the talk of the town. He took a holistic approach to managing Nordic that saw the company increase its turnover to $130 million,up from $1 million. Nordic’s employees and partners exponentially rose as well.