Most every American knows that the United States of America isn’t home to an idyllic healthcare or insurance system. However, the quality of healthcare service in America is one of the highest in the world.
In aggregate, the United States spends more on healthcare per capita than any other nation on planet Earth, at a whopping $9,237 billion per person, about three times more than any other top-rank, first-world countries.
Although investors have generally avoided the healthcare market to grow their returns, the $3.3-trillion market is attracted due to its sheer size. New entrants into the fray are now aided by changes in the overarching regulatory environment. Further, healthcare is wide open to innovations in the field, more so than most other industries.
Innovation through an increase of investors in the field is one-way experts believe the healthcare industry is set to change. Another substantial migration of tradition in the field has already manifested itself in the form of pharmacies and other entities gearing up to offer full-fledged healthcare services to its customers.
CVS And Amazon Gearing Up For Marketplace War
CVS Pharmacy recently purchased Aetna, one of the largest insurance providers in the United States. Amazon has recognized this in recent months and obtained licenses to distribute products related to healthcare across several American states. Although none of them currently include pharmaceuticals themselves, such applications are slated to b acquired in coming months. Find Related Information Here.
While both companies are simply attempting to corner the healthcare market, they’re specifically trying to offer all services consumers need in one, centralized area.
CVS could soon offer everything consumers need related to obtaining medication and equipment necessary for regular car, making it one of the largest in all of healthcare.
Drew Madden is one of the key figures who have made a difference in Healthcare IT industry. Over the years, his passion for Electronic Medical Records (EMR) has driven him to make a series of accomplishments in the health sector. Madden is a healthcare IT businessman who has previously led the largest Epic consulting company globally: Nordic Consulting Partners. The entity grew exponentially in size until his departure in 2016, ending up with astounding 725 employees, including 150 partners in the industry.
Drew Madden started his career as a student advisor at the University of Iowa. He later got a job at Cerner Corporation, a healthcare company.