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Amazon enters healthcare

Posted on 8/22/22 at 9:59 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
16056 posts
Posted on 8/22/22 at 9:59 pm
Amazon recently bought One Medical, which operates brick-and-mortar doctor's offices for $3.49 billion.

Now they’re in a bidding war for Signify Healthcare which focuses on technology’s approach to healthcare, home health and remote health monitoring.

The healthcare industry is a tither over it as Amazon could seriously rock their world in competitive pressure on pricing. Their use of technology could turn the practice of healthcare on its head too. Imagine being monitored 24/7 and having immediate medical attention.

Another concern is data mining. Amazon is a prolific data miner and putting health care data in their hands could be a serious privacy concern.

Signify ticker is SGFY and sells for $28.
Posted by Intelligent
Member since Jun 2017
675 posts
Posted on 8/22/22 at 10:29 pm to
Having companies like Amazon in the healthcare space is going to be great. They will bring innovation and efficiency to the system.
Posted by TDsngumbo
Member since Oct 2011
49230 posts
Posted on 8/22/22 at 11:07 pm to
quote:

Having companies like Amazon in the healthcare space is going to be great. They will bring innovation and efficiency to the system.

I just hope my doctor arrives in two days.
Posted by Eurocat
Member since Apr 2004
16595 posts
Posted on 8/23/22 at 12:06 am to
Saw this on reddit today where ER professionals talk to each other - link -

LINK

14 days ago

Empathizing with patients about crappy care - how far is too far…

Rant

I find myself surrounded by absolutely ridiculous examples of horrible patient care during my day to day work in the ER. An a-fib with RVR or NSTEMI stuck out in the lobby on a drip. Patients getting “lost” in the lobby and rediscovered later only to start the clock again. A transfer that takes 36 hours to complete when we were already promised a bed. No nurse available to help grandma go to the bathroom and she pees her bed. Patients actively vomiting out in the lobby or writhing in pain from ureterolithiasis and no pain meds. Poor specialty coverage resulting in scrambling to come up with solutions for patients which can take hours. Missing equipment, broken equipment. Nowhere to see a patient to do a proper history and exam resulting in waiting room medicine and privacy violations. I could go on and on.

When patients complain, I have been agreeing with them. I see a lot of nurses getting mad at patients who complain, but why? The care we are giving patients is horrible. I tell patients it isn’t right and if I had it my way things wouldn’t be like this. Today I discovered one of my patients had a missed positive gonorrhea test eleven weeks ago and no one told her. It just slipped through the cracks. I was seeing red. I am just starting to get really really angry about the poor quality of care patients are receiving and the risk we are taking on as clinicians. It’s demoralizing, exhausting. I called her when I made the discovery and told her I was so sorry and it was “ridiculous” and unacceptable this happened. I told her I would make sure it gets addressed. But I let her know how ridiculous it was that she wasn’t notified. Now I am chastising myself for being unprofessional on that phone call. I think I probably should’ve just said “we apologize; we have staff shortages” and left it at that. I probably opened up the hospital and even myself to more liability by showing my disapproval. But I just can’t keep it in anymore.

Don’t know what I’m looking for with this post but I just feel… disappointing, exhausted, and disgusted that I am probably expected to keep a smile on my face and stand up for this stupid system that doesn’t even give a crap about me.

-----

13 days ago
Sounds like you work at the hospital I used to… key word is past tense. Sorry, but I bailed, can’t be a part of that. Problem is they have plenty of physical rooms and plenty of money to hire staff. Seems to me this is how “they” want it to be.


Posted by UltimaParadox
North Carolina
Member since Nov 2008
51572 posts
Posted on 8/23/22 at 9:08 am to
quote:

Having companies like Amazon in the healthcare space is going to be great. They will bring innovation and efficiency to the system.


Just like the revolutionized the grocery and pharmacy spaces.

Amazon's can barely work out shipping anymore.

AWS is their business, and the only thing they are good at
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40262 posts
Posted on 8/23/22 at 11:13 am to
quote:

Just like the revolutionized the grocery and pharmacy spaces.

Amazon's can barely work out shipping anymore.

AWS is their business, and the only thing they are good at




Amazon may struggle with some of their own processes... but it cannot be denied that their presence forces other competitors to up their game.

Amazon two day shipping may not always work (especially when USPS is doing the delivery) but they forced other online retailers to improve shipping speed and cost.

Amazon grocery has forced other grocery stores to improve pickup and delivery functions.

Amazon video has provided another outlet for new movies and series.

Amazon won't take over healthcare. But they may force healthcare to get better about billing practices, pricing, delivery models, and access to records.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 8/23/22 at 1:37 pm to
This is not bad news at all.
Posted by DMAN1968
Member since Apr 2019
12623 posts
Posted on 8/23/22 at 8:58 pm to
quote:

Having companies like Amazon in the healthcare space is going to be great. They will bring innovation and efficiency to the system.

Healthcare, in the end, is a service industry. Amazon is not going to have the effect that you think it will.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51572 posts
Posted on 8/23/22 at 9:35 pm to
quote:

Amazon grocery has forced other grocery stores to improve pickup and delivery functions.


Amazon grocery along with their store front whole foods barely makes up less than 2% of the grocery market. If anything they have killed whole foods who has declining sales across the board. Amazon is even shutting some of these stores down.

When Amazon entered the space back in 2017 everyone claimed their business model would wipe out traditional grocery stores. 5 years later guessing Amazon is looking for an exit strategy.
Posted by lsu13lsu
Member since Jan 2008
11767 posts
Posted on 8/24/22 at 11:06 am to
quote:

Having companies like Amazon in the healthcare space is going to be great. They will bring innovation and efficiency to the system.


Technology is the only thing that can save us.

Apple Watches
Telemedicine
Continuous glucose monitoring
Etc
Posted by Bawwitdabaw
Member since Dec 2020
546 posts
Posted on 8/24/22 at 12:33 pm to
quote:

Technology is the only thing that can save us.


A proper diet and exercise is the only thing that can save "us."
Posted by lsu13lsu
Member since Jan 2008
11767 posts
Posted on 8/24/22 at 2:49 pm to
quote:

A proper diet and exercise is the only thing that can save "us."


Do not disagree. But, even healthy people need cheaper healthcare. Which technology can provide. I would say healthy people will benefit most. If you do not have to go to a doctor and can do everything from at home then even better.
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2939 posts
Posted on 8/25/22 at 1:36 am to
Now Prime might be worth it!

Med's next day and Dr. Apt by Wed evening.
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1084 posts
Posted on 8/25/22 at 3:07 am to
What it's turning into


Posted by Spoonbilla
Member since Aug 2022
874 posts
Posted on 8/25/22 at 8:27 am to
2 of my friends own second generation family dental practices. One was bought out 2 months ago. The other is thinking hard about it. Both are/were 10+ years away from retirement. Wild times in the space.
Posted by frankthetank
Member since Oct 2007
2501 posts
Posted on 8/25/22 at 8:34 am to
amazon-is-pulling-the-plug-on-its-virtual-health-service

In the news today.

Amazon doesn't do healthcare well. This is no secret. They have failed in all attempts to do it so far. And today's news is even more surprising given that this is basically what Signify Health does.

Maybe cutting this unit is a sign that the Signify deal is going their way (and not to United, which has so far placed the highest bid in the Signify auction)? If you can't do it yourself, just buy a company that can.
Posted by hiltacular
NYC
Member since Jan 2011
20137 posts
Posted on 8/25/22 at 8:57 am to
I don't see the appeal of entering this space from Amazon's POV.
Posted by SlidellCajun
Slidell la
Member since May 2019
16056 posts
Posted on 8/25/22 at 12:54 pm to
quote:

I don't see the appeal of entering this space from Amazon's POV.



Data mining
Posted by buckeye_vol
Member since Jul 2014
35373 posts
Posted on 8/25/22 at 4:03 pm to
quote:

When Amazon entered the space back in 2017 everyone claimed their business model would wipe out traditional grocery stores. 5 years later guessing Amazon is looking for an exit strategy.
This doesn’t seem right because I just saw a story today about all of the positive changes (lowering costs) that have happened with Whole Foods since Amazon has taken over, not that it changed the industry though.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
72972 posts
Posted on 8/25/22 at 9:52 pm to
quote:

I just hope my doctor arrives in two days.
PRIME humor
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