The healthcare sector has come a long way…and there is much more left for stakeholders to learn and do. The good thing is, things are changing rapidly.
In a move that will challenge operations in the healthcare sector, giant online retailer Amazon is set to run pharmacies in several states. Although the scope of business will include distribution of healthcare related equipment, it is widely expected that Amazon will also acquire licenses to distribute prescription medication. At the same time, CVS Health Corp. is in advanced negotiations to acquire health insurance operator Aetna Inc. for a whopping $66 billion.
Investments by the two organizations shed light on the scramble for the health consumer in the billion-dollar industry. Amazon’s success in the retail business will give shape to the distribution of selected products as it seeks to utilize its networks for timely delivery. On its part, CVS is working to enlarge its portfolio in the provision of health-care services within stores continently at client’s reach. View Additional Info Here.
The role of techprenuers in reorganizing the healthcare sector cannot be underestimated. The challenge, however, is for them to identify the gaps and fill them appropriately. John Crowley, the founder of Novazyme Pharmaceuticals, is a clear example that there is a huge gap between the challenges in the health sector and appropriate solutions. When his two children were diagnosed with the rare neuromuscular disorder known as Pompe Disease, Crowley went hunting for help almost to the point of frustration. In the process, he quit his job and started Amicus Therapeutics, which focuses on the treatment of rare and orphaned diseases. Later on, Crowley founded Novazyme Pharmaceuticals.
The healthcare sector cannot merely thrive on solutions created out of entrepreneur’s experiences. Innovative minds are also expected to set the pace for the future. As such, the input of IT experts such as Drew Madden will be highly banked upon. Madden holds a B.S. E in Industrial Engineering focusing on Medical Systems. He graduated from the University of Iowa College of Engineering and has held leadership positions in organizations such as Nordic Consulting firm where he served as president from 2011-2016.Madden is currently a managing partner with Evergreen Healthcare Partners, a leading provider of IT expertise in the United States.