Amazon Unlikely To Capture A Major Telehealth Presence Anytime Soon
Healthcare IT Today
Earlier this month, a triumvirate of corporate giants admitted that their healthcare venture wasn’t going to make it. Haven, a company backed by JPMorgan Chase, Warren Buffett’s Berkshire Hathaway and Amazon, called it quits after only a couple of years in business.
Their goal had been for the three companies to offer better healthcare services and insurance coverage at a lower cost to their workers – and eventually, perhaps, to other companies as well. However, their plans never came to fruition.
Amazon shows no signs of giving up on healthcare, though. In June 2018, the massive etailer spent $753 million to buy online pharmacy PillPack, and is engaged in characteristic trench warfare to expand its territory in the mind-bogglingly competitive retail pharmacy business.
Now, Amazon seems poised to...