Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business

Amazon headquarters (Photo by David Ryder/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Aug 31, 2022

Amazon’s Shift in Healthcare

Amazon needs a new direction if it wants to break into the healthcare industry. 

Key details
Amazon appears to be angling itself for a new strategy as it continues its bid to purchase Signify Health. 

Amazon announced on August 24 that Amazon Care would be shutting down after December 31, saying it isn’t “the right long-term solution for our enterprise customers,” according to Geekwire.  

As we previously reported, Amazon has entered the bidding war for Signify Health, a Dallas-based analytics, and technology company, that is currently entertaining a buyout. Signify is expecting final bids by next week. 

Amazon already purchased One Medical in July for $3.9 billion. 

Why it’s important
Amazon may be taking the failures as a signal to shift away from building new companies and instead opting to buy its way into the healthcare industry, CNBC reports. 

Healthcare is said to be a notoriously difficult industry to disrupt, and it has faced two major failures already in its attempts to break in. 

“Chalk up another failure in health care for Amazon, one of the ultimate market disruptors. First, its much-hyped effort with JPMorgan and Berkshire Hathaway to reform healthcare, Haven, ended its short life. Now, Amazon Care, its effort to tackle telemedicine and primary care for the employer market on a national basis… is being shut down,” CNBC reports. 

“The shutdown of Amazon Care may come back to a simple choice that companies, especially those with a lot of cash, have to make when it comes to breaking into new markets: build or buy?” says CNBC. 

“Amazon’s decision to shut down its health startup Amazon Care could signal a shift in its health care strategy. The retail giant’s recent acquisition of One Medical and rumors of its interest in Signify Health indicate Amazon is more interested in buying existing health care companies than building new ones from scratch,” says LinkedIn News. 

Notable quote
“Buying into a market where it wants more share and where it requires a physical presence isn’t new to Amazon, nor is being opportunistic in the timing. As Amazon’s acquisition of Whole Foods reaches the five-year mark, it’s worth remembering that Amazon’s shares went up in value as much on the day it announced the acquisition of Whole Foods as the purchase price for the then-troubled high-end grocer,” says CNBC.

Home / News / Amazon’s Shift in Healthcare
Share
FacebookTweetEmailLinkedIn

Related Stories

FTX Asks For Donations Back

by Savannah Young Leaders Staff
Cryptocurrency

5 hours ago

Former FTX CEO Sam Bankman-Fried was the Democrat Party’s second-largest donor and now the company is asking for donations back

Bankrupt crypto exchange FTX is sending requests, seeking the return of political donations.

Key Details

  • Former FTX CEO Sam Bankman-Fried and FTX Digital Markets Co-CEO Ryan Salame were major political donors during the last election. Now, the company is asking for the money back.
  • Bankman-Fried was the Democrat Party’s second-largest donor with $37 million in donations, while Salame was the Republican Party’s 10th-largest donor with around $19 million in donations.
  • FTX faced a very public bankruptcy filing and is now contacting "political figures, political action funds, and other recipients of contributions or other payments” to take back donations.

Go deeper

FacebookTweetEmailLinkedIn

Washington’s Crypto Crackdown

by Savannah Young Leaders Staff
Cryptocurrency

5 hours ago

After continued downfalls in the cryptocurrency sector, policymakers in Washington, D.C., have turned hostile on crypto, and many fear an oncoming crypto crackdown

After continued downfalls in the cryptocurrency sector, policymakers in Washington, D.C., have turned hostile on crypto, and many fear an oncoming crypto crackdown.

Key Details

  • Cryptocurrencies are very volatile, and between the major falls of different coins last summer and the downfall of FTX, policymakers have turned hostile on crypto.
  • The White House has been declining many different businesses associated with cryptocurrencies suggesting that a crypto crackdown could soon be on the way.
  • The crypto-friendly bank Custodia was denied its request to join the Federal Bank after the company believed it would be accepted. The Fed also warned banks that they will need permission to do anything crypto-related.

Go deeper

FacebookTweetEmailLinkedIn

More EVs Qualify For Credit

by Hannah Bryan Leaders Staff
Public Policy

5 hours ago

EV tax

More crossover SUVs will qualify for the electric vehicle (EV) tax credit after an announcement from the Biden administration.

Key Details

  • General Motors and Stellantis officials have been lobbying for changes to the EV tax credit issued last year. 
  • While the tax credit was intended to incentivize EV purchases, many popular EV models were excluded from the legislation. 
  • This change came about by redefining what vehicles are considered sport-utility. 
  • The Inflation Reduction Act initially provided a tax credit to SUVs priced above $80,000. Passenger-car customers did not receive a credit if the vehicle cost less than $55,0000. 
  • The change is retroactive to January 1, allowing buyers who already made a purchase to claim the credit.

Go deeper

FacebookTweetEmailLinkedIn
surveillance
Company Culture

7 hours ago

Employee Surveillance Hurts Employers

by Hannah Bryan Leaders Staff
Federal incentives are helping push people to buy electric vehicles (EVs) and boosting battery production in the U.S.
Business

7 hours ago

The U.S. Encourages EV Battery Production

by Savannah Young Leaders Staff
Wood
Markets

7 hours ago

More Predictions From Cathie Wood 

by Tyler Hummel Leaders Staff

Recent Articles

Entrepreneurs

14 hours ago

Here’s a Step by Step Guide on How to Start a Podcast

Eliminate confusion, create a podcast in 15 detailed steps

Wealth

Feb 3, 2023

The Most Landlord-Friendly States in 2023

Invest in landlord-friendly states to make more profits

Productivity

Feb 2, 2023

7 Tips to Stop Procrastinating and Eat the Frog for Enhanced Productivity

Get more done using this mental methodology

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com