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☆ Amazon projected huge losses from its healthcare business in 2024, but strong sales growth, internal document reveals
▼ + stars: | 2024-07-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Read previewLate last year, Amazon projected its healthcare businesses to lose more than $1 billion for 2024, according to an internal planning document obtained by Business Insider. Although the company doesn't breakout financials on the healthcare business, investors will be looking for signs of success when it reports results on Thursday. That was mostly thanks to Amazon Pharmacy, which was projected to generate $1.81 billion in 2024 sales, a 45% surge. Amazon healthcare is slowing investments in smaller initiatives by delaying hiring for certain projects and reducing contractor spend, it added. It's upgrading the signup process, such as insurance card capture technology, and simplifying the linking between One Medical and Amazon Pharmacy accounts.

Persons: —, Andy Jassy, Brand, Neil Lindsay, It's Organizations: Service, Business, Amazon, Pharmacy, Amazon Health Services, Tech, Amazon Pharmacy, Health Services, Health, Amazon Clinic, Google

☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ In a leaked email, Amazon's healthcare boss tells employees not to believe 'speculation' about its business one day after announcing layoffs
▼ + stars: | 2024-02-07 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

The head of Amazon's healthcare business wants employees to know Tuesday's layoffs are part of a normal business cycle, not a sign of underperformance. He noted that other companies have also made similar job cuts lately, urging employees not to believe the "pundits" who may say negative things about Amazon's healthcare business. "As often happens with changes like this, some pundits may speculate that we're eliminating roles because our health care business is underperforming — don't believe this speculation. In a separate email on Tuesday , Lindsay highlighted the growth of Amazon's healthcare business, saying the layoffs were intended to "reposition resources" so the company can better invest in other growth areas. He also said Amazon integrated One Medical's finance, legal, and tech teams into Amazon's healthcare business as it looks to "realign resources."

Persons: Neil Lindsay, —, Lindsay, we've Organizations: Service, Business, Amazon Health Services, Amazon, Pharmacy, Amazon Pharmacy, we've, Amazon Clinic Locations: U.S

☆ Amazon healthcare boss emails employees about layoffs: Read the memo
▼ + stars: | 2024-02-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

He also said stressed the healthcare business has seen steady growth across its Pharmacy, One Medical, and Clinic segments. Here's the full copy of Lindsay's email:Hi everyone,The past year has been incredibly exciting for all of our health care businesses, and we're seeing tremendous growth for Amazon Pharmacy, One Medical, and Amazon Clinic. We reinvented the Amazon Pharmacy experience throughout 2023 to make it more affordable and convenient for customers to get the prescription medications they need through RxPass, automatic coupons, partnerships, and more. We expanded Amazon Clinic nationwide, and since launch, the marketplace has seen a 96% customer satisfaction rating. Unfortunately, these changes will result in the elimination of a few hundred roles across One Medical and Amazon Pharmacy.

Persons: Neil Organizations: Amazon Pharmacy, Amazon Clinic, Pharmacy, CARE

☆ Amazon cuts hundreds of jobs in Pharmacy, One Medical units: Read the memo
▼ + stars: | 2024-02-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Amazon has eliminated hundreds of jobs in its Pharmacy and One Medical divisions, the company confirmed to CNBC. "Unfortunately, these changes will result in the elimination of a few hundred roles across One Medical and Amazon Pharmacy." At the start of this year, Amazon announced cuts in its Prime Video, MGM Studios, Buy with Prime, Twitch and Audible units. Here's the full memo from Lindsay:Hi everyone, The past year has been incredibly exciting for all of our health care businesses, and we're seeing tremendous growth for Amazon Pharmacy, One Medical, and Amazon Clinic. Unfortunately, these changes will result in the elimination of a few hundred roles across One Medical and Amazon Pharmacy.

Persons: Neil Lindsay, Lindsay, Andy Jassy, Brian Olsavsky, Amazon, Neil CNBC Organizations: Amazon, CNBC, Amazon Health Services, Amazon Pharmacy, MGM Studios, Amazon Clinic, Pharmacy, CARE Locations: Amazon's, d50nominations.cnbc.com

☆ Amazon rolls out its virtual health clinic nationwide
▼ + stars: | 2023-08-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is rolling out its virtual health clinic service nationwide, the company announced Tuesday. Amazon does not provide the telemedicine services itself, but instead provides Amazon Clinic as a platform to connect telemedicine partners with patients. With Tuesday's announcement, users in all 50 states and Washington, D.C., can access Amazon Clinic via video visits. Due to regulatory issues, message-based chat on Amazon Clinic is only available in 32 states. Amazon Clinic doesn't yet accept insurance, but consumers can use insurance to help pay for medications prescribed through the service.

Persons: Nworah Ayogu, Ayogu, Berkshire Hathaway Organizations: Amazon Clinic, Curai, Alpha, D.C, CNBC, Amazon, Berkshire, JPMorgan Locations: Washington, PillPack

☆ Amazon Clinic rolls out nationwide as e-commerce giant expands its health care footprint
▼ + stars: | 2023-08-01 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

Amazon Clinic launched last November and offers customers 24/7 access to third-party health-care providers directly on Amazon’s website and mobile app. Amazon Clinic currently does not accept insurance, but medication prescribed by clinicians may be covered by insurance. Amazon’s foray into the health care space comes as other retailers have made similar moves, from CVS to Walgreens to Walmart. From AmazonIn recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon also closed its acquisition of health care provider One Medical in a $3.9 billion deal.

Persons: ”, Nworah Ayogu, Ayogu, Berkshire Hathaway Organizations: New, New York CNN, D.C, Amazon Clinic, CVS, Walgreens, Walmart, Amazon, Amazon Pharmacy, JPMorgan Chase Locations: New York, Washington

☆ Amazon's virtual clinic helps customers avoid crowded wait rooms and pharmacy visits. Here's how to get the care you need in a few clicks.
▼ + stars: | 2023-06-06 | by ( Sponsor Post | Created Amazon Clinic With Insider Studios | ) www.businessinsider.com time to read: +2 min

People can struggle to get on their primary healthcare providers' busy calendar or endure long wait times at walk-in clinics for common conditions like erectile dysfunction or a urinary tract infection. The pandemic accelerated the adoption and proliferation of telehealth, and today services like Amazon Clinic have changed how people can receive quality healthcare. Amazon Clinic is an accessible virtual health service that allows customers to choose from a group of licensed third-party telehealth providers. In a world that prioritizes convenience without sacrificing quality, Amazon Clinic brings a new level of accessible, patient-centric healthcare from a company that has already transformed the customer experience in countless ways. This post was created by Amazon Clinic with Insider Studios.

Organizations: Amazon Clinic, Insider Studios

☆ How Amazon virtual health clinic's top doctor thinks about patients as customers
▼ + stars: | 2023-04-06 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

In 2018, it bought online pharmacy PillPack for $750 million, which it followed up by launching its own virtual clinic for chronic conditions. Now Amazon Clinic, which launched in November, is looking to open up a new option for virtual care to help with common issues like allergies, acne and hair loss. That hasn't come without some setbacks – Amazon Care, its effort to take on telemedicine and primary care for the employer market nationwide, was shut down in August after just three years. Health care, he said, can at times be correctly described as paternalistic. "Care can be a thing that we do to patients rather than with patients or for patients," Ayogu said.

☆ Amazon Clinic Delivers on Connected Care
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Clinic Delivers on Connected CareTelehealth and digital wellness spending is estimated to reach more than $32 billion this year. Given the size and breadth of this market, Amazon Clinic enters a crowded field with the promise of saving customers time and money. The virtual health clinic offers prescription renewals and digital care for everything from asthma, high blood pressure, migraines and allergies.

☆ Amazon launches a subscription prescription drug service
▼ + stars: | 2023-01-24 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Amazon is adding a prescription drug discount program to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships. Amazon Prime members can now receive all of their eligible generic medications for just $5 a month and have them delivered free to their door. Last year, the company shuttered its hybrid virtual, in-home care service called Amazon Care after it failed to get traction from employers. And Haven, a company Amazon created in collaboration with JPMorgan and Berkshire Hathaway to improve health costs, dissolved a year earlier than that.

☆ Amazon has only gotten started with its ambitions to be a serious player in healthcare. Here are 3 acquisitions it could make next year.
▼ + stars: | 2022-12-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

The next month, it abruptly announced it would shut down Amazon Care, its app-based primary-care service for employers, three years after launch. In November, Amazon launched Amazon Clinic, a virtual service where patients can pay Amazon directly to get treatment for common conditions like allergies and acne. Natalie Schibell, a vice president and research director at Forrester, said that was a sign Amazon had learned from its mistakes at Amazon Care. When Amazon shuttered Amazon Care, it put those mental-health ambitions on hold. Lennox-Miller said Amazon could buy health data startups the company had already invested in, like the health-equity-focused Harmony Health or the value-based-care data company Clinify Health.

☆ Amazon is down 40% this year — is now the time to buy? Market pros give their take
▼ + stars: | 2022-11-22 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Two market pros faced off on CNBC's " Street Signs Asia " on Thursday to make a case for and against buying the stock. Long-term investment story Veteran tech investor Gene Munster believes "there is no company like Amazon" when it comes to e-commerce and logistics. "We both know this has been the carrot that has been held out there forever when it comes to Amazon. It's not about revenue growth. Davidson, noted that Amazon is now a mature e-commerce company — one that requires $4.7 billion in incremental revenue just to post revenue growth of one-percentage point.

☆ Premarket stocks: Wall Street bonus outlook is grim
▼ + stars: | 2022-11-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN Business —Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. “This is a canary in the coalmine for the economy, if the canary dies that’s not good for anybody,” said Johnson. In recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon agreed to acquire One Medical, a membership-based primary care service, for $3.9 billion. The big picture: Amazon isn’t the only Big Tech company attempting to cash-in on a chunk of the health care industry.

☆ Amazon’s New Telehealth Service to Offer Care for Common Conditions
▼ + stars: | 2022-11-15 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Amazon Clinic, Amazon’s new telehealth service, allows people in 32 states to get care for common conditions. Amazon .com Inc. launched a new telehealth service Tuesday, the e-commerce company’s latest effort to expand its healthcare offerings. Amazon Clinic allows customers in 32 states to get virtual care for common conditions such as allergies, acne, hair loss and heartburn, according to the company.

☆ Amazon is taking another shot at offering healthcare — and this time, it plays to the tech giant's key strengths
▼ + stars: | 2022-11-15 | by ( Blake Dodge | ) www.businessinsider.com time to read: +4 min

"Amazon Clinic" plays to Amazon's strengths as an ecommerce behemoth. On Tuesday, Amazon announced "Amazon Clinic," a virtual care service that will treat patients' common conditions such as allergies and hair loss. The launch comes just a couple of months after the tech giant said it was shuttering Amazon Care, a telehealth service that provided care through people's employers. By contrast, Amazon Clinic could have more success doing what it knows best, especially if it can lure Prime members. Amazon Clinic.

☆ Amazon launches virtual healthcare clinic in U.S. for common ailments
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

Nov 15 (Reuters) - Amazon.com Inc (AMZN.O) on Tuesday launched Amazon clinic, a virtual platform where users can connect with healthcare providers to help treat common ailments like allergies and skin conditions. Amazon has for years sought to expand its presence in healthcare. It bought online pharmacy PillPack in 2018, underpinning a prescription delivery and price-comparison site it later launched as Amazon Pharmacy, which lets users buy over-the-counter drugs via Prime memberships. Amazon saidits new service would operate in 32 states, where customers who seek treatment, will be connected to healthcare providers. read moreThe company is also waiting to close its $3.49 billion deal to buy One Medical, as it seeks to expand its virtual healthcare presence and add brick-and-mortar doctors' offices for the first time.

☆ Amazon announces new virtual healthcare service to help with allergies, acne and hair loss
▼ + stars: | 2022-11-15 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Amazon is expanding its healthcare offerings following its deal to buy One Medical, this time by opening a new virtual care option to help with common conditions like allergies, acne and hair loss. The service does not yet accept insurance, but customers can use insurance to help pay for medications prescribed by a licensed clinician through the platform. To use the service, customers select the condition they're interested in speaking about and then choose a preferred provider. Customers can also use money from flexible spending accounts and healthcare spending accounts to pay for the service. The new program comes just a few months after Amazon announced it was shutting down Amazon Care, a different telehealth service, by the end of the year.

☆ Amazon launches virtual healthcare clinic in U.S.
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 15 (Reuters) - Amazon.com Inc (AMZN.O) launched Amazon clinic on Tuesday, a virtual platform for common healthcare conditions like allergies, acne and asthma, expanding the e-commerce giant's presence in the U.S. healthcare space. Amazon, which already runs Amazon Pharmacy, said the new service would operate in 32 states, and comes only months after it agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion. Reporting by Bharat Govind Gautam in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

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