Drew Madden; CVS and Amazon face off

Drew Madden is healthcare IT entrepreneur with a passion for building a modern healthcare industry. This week, there have been two reports in the healthcare sector. One of them reported that CVS is thinking of purchasing insurance giant Aetna. The second report exposed that Amazon got pharmacy licenses in several states. The authorizations certified the distribution of pharmaceutical products and equipment, not necessarily prescription medicine. However, it is clear that Amazon is trying to gain such clearances. There is a connection between the two reports as many investors invested in this pool.

There are rumors that Amazon is diving in the deep end in the pharmaceutical business. With the company’s resilient nature, it will be a robust competitor in the sector. The broad fan base that Amazon enjoys secured platforms to kick-start the project. Such dominance has pushed pharmaceutical firms, like CVS and PBM, to acquire insurance policies in a state of defense. When Amazon publicly announced its move to promote prescription drugs on a national level, it instigated the move by the firms. Moreover, the two companies later consider such moves on an independent platform. Also, Amazon is known to be a-one-stop-retail-store since its startup. CVS, on the other hand, is getting its services insured. It is also merging a healthcare plan, retail network, insurance, and pharmacy to provide a wholesome healthcare system.

If the CVS plans come into play, then the pharmaceutical giant will have provided a conducive environment for the patient. With this in motion, it would be difficult for any other company trying to bring in competition. Experts are claiming that this is an evolution in the healthcare department. They are bringing in almost every aspect of healthcare into one institution. Such moves will enable the healthcare department to open up doors to other companies that offer the same services. In recent times, the healthcare system has fused with developments technology. It has enabled medical programs to work more efficiently, unlike past times. The most commendable thing about such moves made by the two companies is the millions of people it will reach. Healthcare will have undergone a revolution of its own.