CVS Pharmacy, the largest provider of prescription medications in the United States of America, purchased Aetna, one of the largest providers of health insurance in the nation, in the late weeks of 2017.
As of the starting of this year, CVS Pharmacy has already taken Aetna under its wing, and has done so in an attempt to fend of Amazon’s attempts of becoming the number-one competitor to CVS Pharmacy in distributing healthcare equipment and prescription medication to people around the nation.
Fortunately for CVS, Amazon doesn’t currently have any approval to distribute prescription or over the counter medications throughout the nation – only equipment that patients use for healthcare purposes, like back and knee braces.
It’s been reported that many top-level investors, although they have gone unnamed for the sake of anonymity, have dropped pharmaceutical stocks after hearing the fight between Amazon and CVS Pharmacy recently geared up. What’s really surprising is that Amazon has yet to formally announce its decisions to enter the pharmaceutical medication fray, though many people believe that it is certain to happen in coming months, if not even sooner.
First, the digital marketplace giant must purchase expensive license from states around the nation – even worse, actually apply for them in the first place.
CVS Pharmacy, in staunch attempts to defend itself from the seemingly inevitable attack from Amazon, has tried its best to be innovative with its many pharmacy benefits managers, basically welcoming Amazon to try to beat its defenses in 2018. Find Additional Information Here.
Thanks to the advancement of technology in pharmaceuticals and healthcare, both Amazon and CVS Pharmacy are able compete at such a high level – that’s what the state of healthcare information technology, outside of the actual practice and related researching of treatments and medications, has come to today.
Drew Madden Knows A Lot About Healthcare IT
In 2011, Drew Madden became the second President of Nordic Consulting Partners, where he did amazing things until he left the company in 2016. He rose its revenues each year from $1 million to $130 million, not to mention enlisting 715 employees over the years, up from 10 to 725.
Drew Madden outstandingly stands out in the healthcare field. He is a high caliber Healthcare IT investor who is keen on nurturing solid client partnerships. He’s also interested in improving the healthcare culture.