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☆ Amazon Pharmacy automates discounts to help insulin patients get pledged prices
▼ + stars: | 2023-08-15 | by ( Patrick Wingrove | ) www.reuters.com time to read: +3 min

Aug 15 (Reuters) - Amazon.com (AMZN.O) said on Tuesday its online pharmacy will automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines to help patients access discounts pledged by the drug industry. Vin Gupta, Amazon Pharmacy's Chief Medical Officer, said the report highlighted the need to make it easier for patients to get their insulin at the lowest possible prices. Amazon Pharmacy will also automatically apply available discounts to diabetes-related medical devices from manufacturers Dexcom and Insulet, including continuous glucose monitors and pumps, as well as to other cardiometabolic medicines such as Novo's powerful weight-loss drug Wegovy. American Diabetes Association Chief Executive Officer Charles Henderson said Amazon's automated discounting would help the 37 million Americans with diabetes more easily access the treatments they need. So, we're going to create options that gives them access to these medications," Amazon Pharmacy Vice President John Love told Reuters.

Persons: Eli Lilly, Lilly, Elizabeth Warren, Vin Gupta, Wegovy, Charles Henderson, John Love, Patrick Wingrove, Sandra Maler Organizations: Amazon Pharmacy, Novo Nordisk, Sanofi, Amazon, Congress, American Diabetes Association, Walgreens, Reuters, Thomson Locations: New York

☆ 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 lays off some employees in its Pharmacy unit
▼ + stars: | 2023-07-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon has let go of some of the employees in its Pharmacy business, the company confirmed to CNBC. A "small number" of staffers in the Amazon Pharmacy division were informed Thursday they were being laid off, Amazon spokesperson Brad Glasser said in a statement. "As a result, we have made the decision to adjust resources and a small number of roles have been eliminated on the Amazon Pharmacy Services team." The company laid off 18,000 employees over several months last fall and earlier this year, then announced an additional 9,000 employees would be let go in March. Some employees in the company's pharmacy, digital health tools and Halo fitness band units were laid off, CNBC previously reported.

Persons: Brad Glasser, Glasser, Andy Jassy Organizations: CNBC, Amazon Pharmacy, Amazon, Amazon Pharmacy Services Locations: PillPack

Wegovy is a weekly injection that can help patients shed 15% of their weight alongside diet and exercise changes. Walgreens (WBA.O), one of the biggest U.S. pharmacies, is experiencing supply shortages for the higher strengths, spokesperson Erin Loverher confirmed. Doctors in six U.S. states told Reuters patients are reporting problems filling their prescriptions for the higher doses. Three of the doctors said supply delays at pharmacies had resulted in patients missing their Wegovy injections at the prescribed weekly interval. "Patients are often having to delay their injections because it's harder for pharmacies to get Wegovy in stock," he said.

Persons: Erin Loverher, Novo, Alicia Shelly, Shelly, Robert Kushner, Wegovy, Kushner, Denise Wells, Wells, Holly Lofton, New York University Langone, Disha Narang, Narang, Maggie Fick, Patrick Wingrove, Elissa Welle, Caroline Humer, Bill Berkrot Organizations: Reuters, Walgreens, Wellstar, Northwestern University's Feinberg School of Medicine, Amazon Pharmacy, New York University, Northwestern Medicine, Barclays Research, Novo, Thomson Locations: U.S, Danish, Georgia, Chicago, Michigan, Chicago , New York, San Francisco, Detroit, Atlanta, Charlottesville , Virginia, London, New York

☆ Amazon CEO Andy Jassy says he's confident he can get costs under control in shareholder letter
▼ + stars: | 2023-04-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +38 min

Further, as machine learning adoption has continued to accelerate, customers have yearned for lower-cost GPUs (the chips most commonly used for machine learning). While some areas of the economy have struggled over the past few years, Amazon Business has thrived. Some people have never heard of Amazon Business, but, our business customers love it. For years, Amazon customers had asked us when we'd offer them an online pharmacy as their frustrations mounted with current providers. More recently, a newer form of machine learning, called Generative AI, has burst onto the scene and promises to significantly accelerate machine learning adoption.

☆ Amazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
▼ + stars: | 2023-04-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +38 min

☆ 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.

☆ I tried getting my prescriptions from Amazon Pharmacy's new RxPass. It took forever, so I'll stick with walking over to CVS.
▼ + stars: | 2023-02-23 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Amazon Pharmacy just launched a prescription service for generic medicines. For a $5 flat fee, Amazon Prime members can get access to generic medications for 80 common health conditions, like allergies, anxiety, and diabetes. I decided to see how the RxPass works first hand by ordering my generic medicine through the new service. In a statement, Dr. Vin Gupta, chief medical officer of Amazon Pharmacy, said: "We are always listening to patient feedback to improve our products and services, and we'll continue to do that with RxPass." Here's what I did to get my medicine from Amazon Pharmacy's new RxPass.

☆ FTC won’t block Amazon acquisition of One Medical, but scrutiny of the deal is not over
▼ + stars: | 2023-02-22 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

The One Medical deal would also allow Amazon to expand its telehealth services and acquire valuable relationships with hospital systems, industry analysts have said. But while Amazon can consummate the deal without the immediate threat of an FTC antitrust suit, the agency is still investigating the acquisition. “The FTC’s investigation of Amazon’s acquisition of One Medical continues,” said FTC spokesman Douglas Farrar. The FTC plans to warn Amazon it may close the deal at its own risk, an agency official said. Amazon’s deal to acquire One Medical follows its 2018 purchase of the online pharmacy service PillPack, which later became Amazon Pharmacy.

☆ I used Amazon's new RxPass to get my prescriptions for just $5. It took forever and I probably won't use it again.
▼ + stars: | 2023-02-15 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Amazon Pharmacy just launched a prescription service for generic medicines. Setting up my prescriptions took forever and I probably won't use it again. For a $5 flat fee, Amazon Prime members can get access to generic medications for 80 common health conditions, like allergies, anxiety, and diabetes. I decided to see how the RxPass works first hand by ordering my generic medicine through the new service. Here's what I did to get my medicine from Amazon Pharmacy's new RxPass.

☆ Amazon has been trying to break into healthcare for years. Here's a look at everything it's done.
▼ + stars: | 2023-01-30 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +2 min

It's focused on providing primary care and dispensing prescriptions through Amazon Pharmacy. It hasn't been smooth sailing, and the tech giant has shut down some projects. It hasn't been smooth sailing for every healthcare project. In August, it shut down Amazon Care, a big homegrown primary-care bet. Analysts think in 2023 Amazon will continue to build on its healthcare business through more acquisitions.

☆ 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 adds generic prescription perk for Prime members
▼ + stars: | 2023-01-24 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

The Amazon Pharmacy home screen on a laptop computer arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 17, 2020. Amazon on Tuesday announced a new prescription perk for U.S. Prime members, hoping to boost subscriptions and attract users to its pharmacy service. Amazon introduced, then shuttered, a telehealth service called Amazon Care, and announced in July it would acquire boutique primary care provider One Medical. Amazon also offers a Prime prescription savings benefit, which offers a discount of up to 80% on generic medications and up to 40% on brand-name prescriptions. An August report from Morgan Stanley found Amazon Pharmacy didn't rank as a top perk for Prime members, based on a survey of users, according to Business Insider.

☆ Amazon launches $5-a-month unlimited prescription plan
▼ + stars: | 2023-01-24 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription drugs treating allergies, inflammation, high blood pressure and other conditions. Amazon announced the new delivery service, RXPass, on Tuesday and it will launch immediately in most states except California, Texas, Minnesota and others with specific prescription delivery requirements. The $5-a-month delivery pass is an add-on to Amazon Prime, Amazon’s $139 annual program, and is available exclusively to Prime subscribers regardless of their insurance status. Amazon has long offered a Prime prescription savings benefit to get discounts on generic and brand-name medications. Amazon’s new plan will mean consumers may see lower costs for some generic drugs, Nicholson said.

Jan 24 (Reuters) - Amazon.com Inc (AMZN.O) said on Tuesday it is offering a $5 monthly subscription plan for U.S. Prime members that will cover a range of generic drugs and their doorstep delivery, furthering the ecommerce giant's push into healthcare. The program, named RxPass, includes more than 50 medications addressing over 80 chronic conditions such as high blood pressure, anxiety, diabetes and male pattern baldness, Vin Gupta, Amazon Pharmacy's chief medical officer, told Reuters. However, customers enrolled in Medicare, Medicaid or any other government healthcare program will not be able to enroll in Amazon Pharmacy's RxPass service. The average Prime member would save about $100 per year with RxPass, John Love, vice president of Amazon Pharmacy, said in an interview. Amazon Prime members in most U.S. states can sign up for the program from Tuesday.

☆ A top private equity investor predicts Big Tech will acquire a health company to defend against the recession, and 3 other M&A drivers in 2023
▼ + stars: | 2022-12-28 | by ( Blake Dodge | ) www.businessinsider.com time to read: +4 min

He predicted a wave of consolidation in digital health due to the economic downturn. He also said a big tech or retail company may be interested in a healthcare purchase. The market volatility has made it harder to predict healthcare startups' financial futures and valuations, critical components of M&A, he told Insider. As for what type of healthcare companies tech firms will actually acquire, Gregory said it could be those that sell health records, primary care, or Medicare Advantage plans. Missy Krasner, a top digital health investor, echoed this prediction to Insider, saying that Alphabet, Salesforce, or Amazon could move to acquire a company that has patient health records.

☆ 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 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.

☆ Amazon loses PillPack founders four years after acquisition of pharmacy startup
▼ + stars: | 2022-09-19 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

With Amazon Pharmacy, Prime customers in the United States can get their prescription medications shipped to their home for free. Two Amazon executives who played a formative role in the retail giant's push into health care are departing. After the acquisition, Parker and Cohen helped steer the launch of Amazon Pharmacy, the company's online pharmacy for delivering prescription medications in the U.S. Amazon has accelerated its push into health care in recent years, though not all of its efforts have been successful. The pharmacy business struggled to gain traction, and Amazon recently announced it would shutter its telehealth service Amazon Care after finding it wasn't a "complete enough offering" for customers.

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