As tech companies move into health care, here’s what to watch in 2019

January 4, 2019 Big Tech, Digital Health, Health Care

From Amazon and Apple opening clinics to Uber launching a medical transit program, technology giants spent 2018 moving into the health care space. Many of these initiatives are still in very early stages, but they’ll continue to grow in 2019, and some of them may have an impact on Americans’ health care experiences as soon as this year.

The moves make sense from a financial standpoint: in any country, the health care market is one of the biggest industries there is, bringing in more than $2.8 trillion annually in the US alone. As experts point out over and over, the American health care industry is also extremely inefficient, which means there’s a lot of potential money to be made. Finally, the industry is enormous and has many sectors, giving the big companies plenty of space to maneuver without directly competing with each other… yet.

Here’s what we’ll be watching out for at the intersection of technology companies and health care in 2019.

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Jeff Bezos’ company began 2018 with the announcement that it would work with Berkshire Hathaway and JPMorgan Chase to form an independent health care company for their employees. Since then, it purchased online pharmacy startup PillPack and announced plans to sell software that will read medical records.

The health care company won’t affect consumers at large, but the PillPack acquisition and the medical records software could have big implications. How will Amazon integrate PillPack into its existing suite of services? (Will we order antidepressants using Amazon Prime?) What will that success or failure mean for the brick-and-mortar pharmacies or other pharmacy startups like Capsule?

Electronic health records are a famously fraught area of the medical system, and the tangled evolution of e-health technology has, for many patients, led to a fragmented paper trail filled with gaps. Amazon is certainly not the first company to venture into this area, so how successful will it be, and what will that mean for patients and their quality of care?

By Angela Chen | The Verge

Image Credit: Hoxton / Tom Merton / Gettyimages

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Peter Coffaro is a growth-driven and strategic executive with over 25 years of progressive management success in the medical device industry. With a proven track record and recognized expertise, Peter has established himself as one of the top influencers in medical sales, as acknowledged by prestigious publications such as the World Journal of Orthopedics, Exponential Healthtech, and MedReps.com. Throughout his career, Peter has accumulated 10 years of combined sales management experience, excelling in various roles including Director, General Manager, Distributor, and Vice President. He has worked for industry-leading orthopedic companies such as Zimmer, DePuy, and Stryker, solidifying his deep knowledge and network within the field. Peter’s passion for innovation and emerging technologies led him to found OrthoFeed, an award-winning blog covering digital orthopedic news and emerging medical technologies. Through this platform, he stays at the forefront of the industry and contributes to the dissemination of valuable insights. Peter is a three-time Hall of Fame award winner at Johnson and Johnson, demonstrating his exceptional contributions and impact on the organization. His expertise extends to areas such as organizational development, business development, sales management, digital marketing, and professional education. Peter earned a B.S. degree in Biology and Chemistry from Northern Illinois University, further complementing his comprehensive understanding of the medical field. With his wealth of experience, strategic mindset, and dedication to advancing healthcare, Peter Coffaro is a valuable asset and leader in the medical device industry.