Social Media, page-61

I was able to absorb a few articles today. Long (opinionated) read ahead......

The 'deal' is not detailed enough to know if it's a threat or ally and suggests it's a concept.

Initial reports suggests they are only looking to create efficiencies for their employees within the three entities (Amazon, Berkshire Hathaway and JPMorgan Chase), not the general public .... yet.

Commentators suggest they won't instantly get lower prices on hospitals, insurers, doctors and pharmaceuticals for their workforce. Healthcare is complex, especially in the US.

I do like a few of the statements found in articles as they sound very familiar to what MedAdvisor has already and their vision of new features - which suggests they have been on the right track for a number of years.

• the companies said they would initially focus on using technology to simplify care

• one potential avenue for the partnership might be an online health care dashboard

• the companies would attempt to modernize the cumbersome process of doctor appointments by making it more like booking a restaurant reservation

• bring the customer-facing, patient-facing thing into your smartphone

• the group plans to hire a CEO and start partnering with other organizations

It's unlikely Australia will see this exact concept commercialised here. We have an excellent healthcare system compared to the US and other parts of the world. Yes Amazon is an online market place used by Australians but the other two entities is an investment house and US based bank.

From the newsfeeds, I get the feeling this agreement was born out of frustration by business as they have the burden of providing healthcare to employees. It isn't strictly a commercial model that will make Walgreens and the large insurers obsolete.

We know MDR have employed consultants to promote the technology stack to new markets so there is potential to get the solution in front of influencers. Management claim it is the most integrated platform of its type with hooks and integration into a lot of the healthcare industry - big pharma, pharmacies, doctors, hospitals, patients, health insurance, medical instruments, aged care, dispense systems, not-for-profit health foundations, patient services etc etc

Final comment.....

I'd love to see the word Amazon in an announcement with MedAdvisor. I trust that our Management will be able to quantify any arrangement and be easily substantiated. Wouldn't a takeover be amazing?

/looking at you GetSwift!!!
How they have a $550M+ market cap with $160k in customer receipts last quarter is beyond me?????