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Why Amazon-Berkshire-JPMorgan Health Venture has a chance to be successful?
1). It has set out to disrupt healthcare as we knew it by making individual's well-being front and center of a healthcare ecosystem that optimizes clinical and business, science and technology, obsession with consumer experience and operational efficiency;
2) The founders expect it to be entrepreneurial and have strategic stamina and economic freedom to experiment with it through success and failure until it will get it right;.
3). The founders are motivated to scale up this employer-based experiment to fixing healthcare on a national scale,
4) The founders have strategic and economic incentive to scale this venture outside the US
5) The project will have broad and deep favorable access to Amazon's information technology infrastructure, services, and operations
6) The project will have broad and deep access to national scale economic analysis expertise and resources for business and economic modeling
7) The founders engaged Dr. Atul Gawande as the project's executive Thought Leader, 'Clinical Compass' (Thanks @Tony Benedict)
8) The project's COO and the Amazon team will figure out how to monitor and measure outcomes and other KPIs that can be quantified in a way that today's healthcare ecosystem does not do (Thanks @Tony Benedict)
9) With Amazon buying Pill Pack it puts a new twist on fulfilling, monitoring and and driving compliance for patient prescriptions. Medication adherence is low hanging fruit and Amazon will scale Pill Packs business model to compete with the major pharmacy providers (Thanks @Tony Benedict)
9) The project's COO and the Amazon team will figure out how to disrupt with technology (Thanks @Tony Benedict)
10) The project's scale as measured by the size of the target patient population (patient count) is small enough yet it is diverse enough for commodities age, gender, and geographic locations,
11) The founders' pursuit of Out-of-the-Box thinking unconstrained by legacy healthcare players' status quo thinking over 4+ decades (Thanks @Tony Benedict)
Other thoughts?
5 answers
It's a grand experiment backed by large corporations willing to fund it to success. The proof will be when they roll out their plan and execute it. The question is what problem will they solve first?
Great question. The obvious is that none of the companies are constrained by 40 years of status quo thinking, so I would expect them to try new things and either fail fast or scale up if the ideas work.. Out of the box thinking is noticeably absent in healthcare. I think Dr. Atul Gawande will focus on those chronic illnesses that drive the highest rates of hospital admissions. Asthma, diabetes heart failure, etc. are chronic diseases that have some of the highest rates of hospital admissions and readmissions. Dr. Atul Gawande will be the clinical compass while the new COO and the Amazon team will figure out how to disrupt with technology to implement preventative measures and also how to monitor and measure outcomes that can be quantified in a way that hospital systems today are not. With Amazon buying Pill Pack, that puts a new twist on fulfilling, monitoring and and driving compliance for patient prescriptions. Medication adherence is low hanging fruit and Amazon will scale Pill Packs business model to compete with the major pharmacy providers. That's certainly a good start.
Cost Transparency
Insurance re-imbursement to physicians and hospitals is a secret never to be revealed . Without revealing insurance payments, copays and out of pocket expenses costs and Value =outcomes/costs can’t be determined by ABJ; or others.
Any thoughts?
64 months ago
A-PRIME
The company offers a discount on its Prime membership program to the millions of recipients of Medicaid, the public health insurance program for low-income Americans.
They can receive the benefits of Prime — including free fast shipping and video streaming — for $5.99 a month, less than half the standard monthly fee of $12.99.
Any thoughts?
63 months ago
CMS
Federal law has made it illegal to provide pro-bono care to Medicaid or Medicare patients.
Any thoughts?
63 months ago