CVS Pharmacy has revealed its plans of procuring Aetna. The acquisition will enable the drugstore to have control in the insurance sector. Amazon has also obtained chemist licenses in some states. Investors shed stock shares due to these moves. They believed that Amazon would start dealing with drugs. The shopping platform will have adopted ways like expansive footprints that will help it upend markets.
The leading pharmacies in the US are adopting survival measures to keep up with threats from Amazon. For instance, CVS has reinvested in its health insurance products to try and fight back against Amazon. The drugstore and Amazon are using different policies to win more customers in the market. For Amazon, selling prescriptions will be a reasonable move as it concentrates on selling all type of goods. CVS is consolidating routine care, insurance packages, and pharmacy for the clients to receive what they require in one store. It uses the integration strategy as a competitive advantage over the other pharmacies.
The United States healthcare sector has expanded over the years and it now worth$3 trillion. Ann average citizen spends approximately $9,237 when seeking healthcare services. Inviting partners and investors into the sector is a perfect plan to save many lives.
The upcoming regulatory shocks are benefiting potential players as they create opportunities to venture into the industry. Healthcare culture has changed drastically, and it can now support creativity and innovations. In the future, the sector plans to absorb technological tools to boost its production and customer care experience. It is going to build a web app to enhance connectivity between patients, relatives, and medical practitioners.
Drew Madden is a partner at the Evergreen healthcare. He is an IT capitalist who aims at building trusted partnerships, attractive business culture, and high caliber departments. The businessman stated working at Nordic Consulting Partners in 2010. In 2011, he was promoted to hold the president post in the firm.
Drew Madden left a noticeable impact at Nordic Consulting Partners. He grew the workforce and client partners. The firm led in the KLAS ranking for excellent implementation of services in 2012 and 2014. He served as the EpicCare Inpatient and Willow consultant. Madden has also been in business development where he merged with healthcare companies on their implementation plans. It is at Cerner Corporation, where the talented candidate began his practices in this occupation. He holds an Industrial Engineering B.S.E. from the University of Iowa.