Mittwoch, 10. Januar 2024

Amazon in the healthcare industry - a historical overview

Amazon has long been in the business of advancing digital health. 

The company launched Amazon Care in 2019, a virtual clinic for its own employees, and the service later expanded to outside employers. 

In 2022, however, it shut down Care because, according to senior vice president of Amazon Health Services Neil Lindsay, the telehealth service was "not a complete enough offering for the large enterprise customers we have been targeting, and wasn’t going to work long-term."

The same year Care closed, Amazon launched Amazon Clinic, a virtual care platform that delivers care for numerous common conditions, including hair loss, heartburn, acne, dandruff and seasonal allergies.
The company also announced it signed a definitive agreement to purchase One Medical for $3.9 billion in 2022. Several months later, the tech and retail giant said the deal was under review by the Federal Trade Commission. 

Last year, Amazon closed its billion-dollar acquisition of the primary care provider. At the time, the Federal Trade Commission issued a statement that said it wouldn't block the deal but would continue its investigation. 

The company also announced partnerships between One Medical and Employee-focused care navigation and pharmacy benefits platform Rightway last year and with Maven Clinic, which offers virtual care geared toward women and families. 

Meanwhile, in 2022, Omada scored a whopping $192 million in Series E funding, bringing its total raise to more than $256 million.

Source: mobihealthnews




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