Retail disruptors face big strategy questions in 2023, says AHA

Retail disruptors face big strategy questions in 2023, says AHA

A new report from the American Hospital Association Center for Health Innovation explores how retail companies and tech giants like Apple and Google will drive transformational change in healthcare delivery in 2023 and beyond.WHY IT MATTERS
With billions of dollars invested this past year, such as CVS Health’s purchase of Signify Health, the AHA report highlights retail healthcare companies having grabbed significant market share in primary care, concierge medicine, virtual care and in-home medical services. 
They’ve also broadened their reach into pharmacy benefits management, behavioral health and other areas, said AHA researchers in the report.
One example is Amazon. While the company is in the process of buying…

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Home Healthcare Market is Expected to Reach $340.2B

Home Healthcare Market is Expected to Reach $340.2B

What You Should Know:– Home Healthcare market in terms of revenue was estimated to be worth $226 Billion in 2022 and is poised to reach $340.2 billion by 2027, growing at a CAGR of 8.5% from 2022 to 2027 according to a latest report published by MarketsandMarkets™.– The report reveals growth in this market is mainly driven by rapid growth in the elderly population, and the rising incidence of chronic diseases.Rising Demand for Home-Health Services & SolutionsThe home healthcare industry is expected to experience rapid growth in the near future due to increased demand for home-based care services. The aging population,…

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Which Moves Should Providers Watch From Amazon, CVS & Walgreens This Year?

Which Moves Should Providers Watch From Amazon, CVS & Walgreens This Year?

Primary care has been historically dominated by traditional providers that deliver care via fee-for-service models, but retail companies have been amping up their efforts to disrupt the space in recent years. Over the next decade, it will become increasingly difficult for hospitals and other traditional healthcare providers to ignore these disruptors, according to a recent report from the American Hospital Association. 
The report cited a Bain & Company analysis that predicted disruptors could own as much as 30% of the $260 billion primary care market by 2030. So what moves by Amazon, Walmart and CVS will the industry need to watch to…

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Vendor Notebook: new tools and acquisitions from OptumRx, ScionHealth, others

Vendor Notebook: new tools and acquisitions from OptumRx, ScionHealth, others

It’s a new year, and healthcare technology vendors are rolling out their latest innovations, market approvals, acquisitions and staffing shake-ups.OptumRx launched Price Edge, a tool that compares pricing for traditional generic drugs to ensure members get the lowest prescription drug prices. A suite of new tools for both patients and providers target aspects of pharmacy logistics that have been known to delay or complicate care, such as getting real-time pharmacy benefits information and obtaining prior authorizations. In October, Optum, UnitedHealth Group’s pharmacy services company, merged with data clearinghouse Change Healthcare. The U.S. Department of Justice tried to block the merger and is appealing the…

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