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, CVS, and Walgreens are attempting to break into the healthcare market and change it for good

Amazon, CVS, and Walgreens are attempting to break into the healthcare market and change it for good (Photo by Lane Turner/The Boston Globe via Getty Images)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Dec 3, 2022

Retail Giants Changing Healthcare

Amazon, CVS, and Walgreens are attempting to break into the healthcare market and change it for good.

Key Details

  • Many giant retail companies are breaking into the $4-trillion healthcare market including Amazon, CVS, and Walgreens.
  • The companies are investing in an attempt to switch U.S. healthcare to a value-based model from a fee-based model.
  • Many economists say these companies breaking into the market and making healthcare more consumer based could help lower healthcare costs.

Why it’s news

The United States has the world’s highest healthcare costs per capita. 

In 2021, the U.S. spent an estimated $12,318 per person on healthcare while Germany, the second highest, only spent $7,383, according to Peter G. Peterson Foundation.

The U.S. healthcare system currently runs on a fee-for-service model—meaning that healthcare professionals are paid per service rather than getting paid for healing individuals. 

What that means is that a doctor who performs five services on a patient is getting paid more than the doctor who performed one service to heal someone and some believe doctors are performing more services than needed. 

Retail giants like Amazon, CVS, and Walgreens are breaking into the sector in an effort to change all of that. The companies are attempting to shift healthcare to value-based care.

VillageMD, which is mostly owned by Walgreens, recently acquired physician practice group Summit Health for $8.9 billion. 

Walgreens is planning to move “swiftly to implement our vision of consumer-centric tech-enabled healthcare solutions that improve outcomes and lower costs for patients, providers and payers,” says Walgreens CEO Roz Brewer.

Both Amazon and CVS are also both acquiring healthcare companies that they seem fit in an effort to lower the costs of healthcare.

Home / News / Retail Giants Changing Healthcare
Share
FacebookTweetEmailLinkedIn

Related Stories

Dealing With the High Cost Of Eggs

by Hannah Bryan Leaders Staff
Business

Jan 27, 2023

High egg prices are driving consumers to search for potential egg replacements—including plant-based alternatives. 

Key Details

  • The price of eggs has nearly tripled since the pandemic, driven by inflationary prices and shortages caused by an avian flu outbreak. 
  • Eggs are traditionally a cheap, reliable source of protein. Their recent inaccessibility poses a problem for consumers. 
  • Consumers are turning to egg replacements and alternatives, including freeze-dried eggs and plant-based alternatives. 
  • Plant-based egg replacements are traditionally more expensive than eggs, but the price surge has changed that. 

Go deeper

FacebookTweetEmailLinkedIn

The Shows That Streamed the Most

by Savannah Young Leaders Staff
Entertainment

Jan 27, 2023

Stranger Things on Netflix is the most-watched streaming show of 2022, but Paramount+ has content that is catching up.

Key Details

  • Netflix’s Stranger Things was the most-streamed show in the U.S., with more than 52 billion minutes of viewing time over the year, according to the Hollywood Reporter.
  • That made the original series land the biggest number since The Office claimed 57.1 billion minutes of viewing during the lockdown in 2020.
  • Stranger Things had a 36% higher watch rate than the second most watched show, NCIS, only having 38.1 billion.
  • Paramount+ is moving up the ranks to compete with Netflix—Paramount+ is the second most shows with the most streams, according to The Wrap.

Go deeper

FacebookTweetEmailLinkedIn

Panasonic Doing What It Does Best

by Savannah Young Leaders Staff
Business

Jan 27, 2023

Battery maker Panasonic is optimistic that the U.S. could build another battery plant to advance toward higher electric vehicle (EV) production.

Key Details

  • In November, Panasonic broke ground on a new $4 billion factory in DeSoto, Kansas, that will create batteries for multiple customers.
  • The factory adds another 60% to Panasonic’s global battery capacity.
  • As EV growth continues, the need for battery production ramps up as well, and the president of Panasonic Energy North America, Allan Swan, is optimistic that the U.S. could build another EV battery factory.

Go deeper

FacebookTweetEmailLinkedIn
Despite economists’ recessionary outlooks, American Express CEO Stephen Squeri (left) doesn’t see a significant downturn coming soon
Business

Jan 27, 2023

Amex Chief Offers Different View Of Recession

by Savannah Young Leaders Staff
SBF family may testify
Cryptocurrency

Jan 27, 2023

The FTX Family Affair Collapse

by Hannah Bryan Leaders Staff
stock market
Markets

Jan 27, 2023

Comeback Rally Marches On

by Hannah Bryan Leaders Staff

Recent Articles

Wealth

Jan 27, 2023

How to Start Flipping Houses + 4 Mistakes That Could Bankrupt You

Learn how to start flipping houses to make a profit

Personal Growth

Jan 27, 2023

Top 10 Powerful Habits of Successful People for 2023

Try these habits for more life and career success

Business

Jan 26, 2023

How to Prepare for an Interview: 14 Tips to Get the Job

Ace your interview with these tips

  • 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