The healthcare sector in the United States is about to be hit by unprecedented competition. According to two reports that have been released recently, two companies are about to go head to head in the delivery of pharmacy-related services to the consumers. These companies are Amazon and CVS. So, what do the reports say?
According, to the first report, CVS is said to be considering purchasing Aetna, one of the biggest healthcare insurance firms in the country. CVS is currently known for supply and delivery of prescription medication to clients.
In the second report, Amazon is said to have obtained licenses from a number of states to distribute healthcare related equipment. However, unlike CVS, the Amazon pharmacy licenses do not include the supply of prescription medication. Although the prescription medication deal is not on the table currently, it is expected that it is a venture Amazon will consider in the future.
In the wake of the report about Amazon joining the healthcare industry, many investors in healthcare related companies have short their shares for the fear that Amazon might drive many current players out of the industry. With the success associated with Amazon in the distribution of consumer products, there is a high possibility that they will offer lethal competition to the current firms in the industry.
Some firms are already taking measures to ensure they are not pushed out of the market by the entry of Amazon. CVS is one firm that has already taken pro-active measure. The purchase of Aetna will see them expand their services to more areas in the healthcare sector. It will be possible to get multiple services under one umbrella. CVS has also introduced next-day delivery of their products across the country. Go To This Page to learn more.
About Drew Madden
Mr. Drew Madden started his exploration into the industry by focusing on Medical Systems with a degree in Industrial Engineering from the University of Iowa College of Engineering. Right after he graduated, he got a job at Cerner Corporation.
Drew Madden has served for 6 years as president of a firm known as Nordic Consulting Partners, Inc. He uses his knowledge in medical systems in assist companies to recruit highly qualified professionals as well as creating good relationships with the clients.