What reasons should we expect Amazon-s health initiative will succeed when Alphabet and Apple-s efforts haven-t made an impact?

Amazon’s healthcare initiative is way different than that of Google and Apple. Amazon, along with Berkshire Hathaway and JP Morgan, aims to reduce the cost of healthcare for employees across USA. They are more focused on making healthcare insurance system de-commercialized. It’s different in a way that the company will not make any profit from their operations.

On the other hand, the healthcare of Alphabet and Apple is more centric on innovation. They try to infuse advanced technology to make the healthcare more effective, efficient and affordable. They try to come up with better solutions, state-of-art tools, and advanced infrastructure to treat people with various conditions.

You can take this whole scenario in somewhat this way—Alphabet and Apple is driving a train, Amazon is insuring everyone’s it.

Now coming to another part of your question—who said the healthcare efforts from Alphabet and Apple haven’t made any impact. Like mentioned, they are more innovation-centric. This, unsurprisingly, won’t happen in a week, month and even year. Innovation takes time and effort—the progress usually stays slow.

Like Alphabet’s DeepMind is trying to make a mobile app that gives doctors and nurses instant access to medical records and can alert them about patients at risk of deterioration. Now imagine the mass participants and pool of data it would require. That doesn’t even seem like it’s going to happen 2-3 years from now. So yeah, Alphabet and Apple’s efforts are great and going in the right course to make a big impact.

Similarly, Amazon’s healthcare initiatives will be a success. It would make a quicker impact, in fact, given it would be working on the ground.

US healthcare industry is seeing an early sign of shift primarily in cost , technology and diagnosis. Last week three major players – Amazon, Berkshire Hathaway and JPMorgan Chase, and their respective CEOs, Jeff Bezos, Warren Buffett and Jamie Dimon are ready dor an alliance!! Much to watch in this space.