Tech giants like Google and Amazon are beefing up their healthcare strategies. Here's how 7 tech titans plan to tackle the $3.5 trillion industry.
- Big tech giants have their eyes on the $3.5 trillion US healthcare industry.
- As healthcare costs keep rising for Americans, tech companies are betting they can have a part in fixing the broken pieces of the industry.
- Here's how tech companies like Google, Microsoft, and Amazon are building out their healthcare strategies.
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The $3.5 trillion healthcare industry is ripe for disruption.
Healthcare costs are rising for consumers, and numerous players all wanting control over the dollars flowing in and out. From the perspective of the fast-moving technology industry, change is slow going, leaving entrepreneurs and companies alike thinking, "There has to be an easier way."
Tech powerhouses like Google, Amazon and Microsoft are increasingly focused on expanding in US healthcare. They've pursued strategies like selling software and computing services, offering hardware, and even shown some signs that they'll get into the business of providing healthcare.
They're not alone in going after the inefficient healthcare system. America's largest retailers like Walmart and CVS Health are also bulking up their healthcare strategies in a bid to win over patients with more convenient care and ideally lower prices.
Here's how tech companies like Google, Microsoft, and Amazon are building out their healthcare strategies, drawing from their respective tech industry expertise and often focusing on fixing healthcare starting with their own employees.