Three Major Corporations Will Form Healthcare Company for Their Employees

Major tech companies like Microsoft have not been very successful in"disrupting" healthcare in the past (see:What Are the Consequences of Big Tech Entering the Healthcare Market?;Microsoft's Amalga/HealthVault Strategy Becomes Obvious). However, a recent announcement byAmazon,BerkshireHathaway, andJPMorgan Chase that they were forming a new health care company is garnering a lot of attention in the news (see:Amazon, Berkshire Hathaway and JPMorgan Team Up to Disrupt Health Care). Below is an excerpt from the article:Amazon, Berkshire Hathaway and JPMorgan Chase announced...that they would form an independent health care company to serve their employees in the United States. The three companies provided few details about the new entity, other than saying it would initially focus on technology to provide simplified, high-quality health care for their employees and their families, and at a reasonable cost.They said the initiative, which is in the early planning stages, would be a long-term effort “free from profit-making incentives and constraints. The partnership brings together three of the country ’s most influential companies to try to improve a system that other companies have tried and failed to change....CVS Health ’s deal last month to buy the health insurer Aetna for about $69 billion is just one example of the shifts underway (Merged CVS and Aetna Will Move Toward a Community-Based Healthcare Model).....Total employees [to be covered by the ne...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Healthcare Business Healthcare Delivery Healthcare Innovations Hospital Financial Medical Consumerism Preventive Medicine Source Type: blogs