In June, Amazon announced the purchase of online pharmacy, PillPack, startling the healthcare industry and causing Walgreens, Rite Aid and CVS shares to drop more than a few points.
The news confirms rumors of Amazon’s strategy to become a true contender in the healthcare realm and will likely result in beneficial results for the consumer, in terms of improving care delivery and contributing to cost efficiencies. As the dust settles, OneDigital Managing Principal David Pittard examines the impact this industry-rattling announcement will have on five major healthcare stakeholders, in his byline “Amazon’s Pharmacy Push: The Impact on Five Key Stakeholders” published in Healthcare Business Today.
In the healthcare industry, it’s a positive sign anytime an innovative and well-capitalized entity enters the space with the hope of improving care delivery and providing cost efficiencies. The same can be said for this acquisition. Initially the impact may be slow; however, in time it will be a catalyst for competitive pharmaceutical market repositioning.”
— David Pittard, Managing Principal, OneDigital Marietta
Click here to read the full byline in Healthcare Business Today.
For more information about how the acquisition may impact your organization, contact your OneDigital consultant today.