Friday, March 29, 2024
Homeglobal cfo councilWhere Amazon is heading in health after the Amazon Care failure

Where Amazon is heading in health after the Amazon Care failure

  • When Amazon announced plants to acquire One Medical earlier in the summer, it seemed likely that something had to give: either the One Medical brand or Amazon Care.
  • Amazon decided to shut down what had been a high-profile health startup inside its own operations, whereas its retail drug acquisition PillPack was folded into Amazon Pharmacy.
  • One Medical was the better, more advanced primary care business, and with reports of Amazon now bidding on Signify Health, the internet retail giant seems to be more in a buy than build mood in health care.

In this article

In this photo illustration, the Amazon Basic Care logo is displayed on a smartphone with an Amazon logo in the background.Thiago Prudêncio | SOPA Images | Lightrocket | Getty Images

Chalk up another failure in health care for Amazon, one of the ultimate market disruptors.

First, its much-hyped effort with JPMorgan and Berkshire Hathaway to reform health care, Haven, ended its short life.

Now, Amazon Care, its effort to tackle telemedicine and primary care for the employer market on a national basis – which Amazon itself trumpeted as gaining more and more clients – is being shut down.
Is that all the proof we needed of what many people have said over the years: health care is just harder to disrupt than most industries?

RELATED ARTICLES
- Advertisment -

Most Popular