Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Amazon starts offering healthcare service to other employers

Published 03/17/2021, 09:23 AM
Updated 03/17/2021, 09:25 AM
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France

By Jeffrey Dastin

(Reuters) - Amazon.com Inc (NASDAQ:AMZN) is expanding its virtual healthcare service to other Washington-state employers starting Wednesday and to its own employees nationwide this summer, the company said in a press release.

Piloted in September 2019 for staff near its Seattle headquarters, "Amazon Care" lets employees video-chat with doctors for diagnoses and referrals. It also facilitates housecalls and drug delivery in greater Seattle, a non-virtual benefit that Amazon said would be available in greater Washington, D.C and Baltimore in the coming months.

The news shows how the No. 2 U.S. private employer is diving further into healthcare, the latest industry it has aimed to disrupt after retail, enterprise technology and Hollywood.

Amazon is now delivering prescription medications through an online pharmacy it launched last year and earlier worked with Berkshire Hathaway (NYSE:BRKa) Inc and JPMorgan Chase & Co (NYSE:JPM) on lowering care costs in a now-disbanded venture called Haven.

Its playbook for offering healthcare in-house and then to other employers resembles how Amazon built data centers to satisfy its own web needs, before opening up the same infrastructure to startups in what became its cloud-computing business.

Kristen Helton, director of Amazon Care, said the service has grown during the COVID-19 pandemic and work-from-home period, but the opportunity goes far beyond that.

"Virtual medicine is absolutely part of the future of how healthcare is delivered," she said in an interview.

Enterprises can contract with Amazon Care, offer that as a workplace benefit and subsidize healthcare costs for employees, Amazon said. It did not disclose financial terms, and Helton did not specify how big a business Amazon anticipates this will be.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Helton said Amazon Care was an add-on for some patients, a way to quickly get help after hours. But for others without a regular doctor, it is shaping up to be more.

"We've now evolved to offer more services," she said. "We can do more primary care."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.