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Microsoft, WBA Deal to Break AMZN, GOOGL Healthcare Dreams
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Microsoft (MSFT - Free Report) recently entered into an agreement with Walgreens Boots Alliance (WBA - Free Report) , in a bid to offer innovative and cost-effective health care delivery solutions.
The seven-year deal is anticipated to threaten the growing presence of Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) , among others in the healthcare industry.
Technology has undoubtedly revolutionized the entire healthcare system in the last few years.The tech stalwarts, backed by strength in artificial intelligence (AI), augmented & virtual Reality (AR/VR), machine learning (ML), and data analytics capabilities, are leaving no stone unturned to penetrate the healthcare market.
Notably, per a report from TransparencyMarketResearch, the global digital healthcare market is expected to witness a CAGR of 13.4% between 2017 and 2025.
Microsoft’s Initiative in Healthcare: A Brief Overview
Microsoft-WBA partnership is aimed at providing personalized end-to-end health care management solutions from preventative self-care initiatives to chronic disease treatment.
Per the deal, Microsoft’s cloud platform Azure integrated with robust AI capabilities will be leveraged by WBA. The company will also utilize Microsoft 365.
The companies also intend to invest on research and development (R&D) through the duration of the agreement in a bid to improve customer reach by increasing accessibility and empowering health care services with new customized solutions.
Notably, the latest deal is expected to aid Microsoft in penetrating the global healthcare supply chain management market which as per a report from Research and Markets, is anticipated to witness a CAGR of 8% between 2018 and 2023.
Moreover, the increasing adoption of Microsoft’s services, primarily Azure, over counterparts like Amazon Web Services (AWS) and Google Cloud are anticipated to strengthen the company’s competitive position in the cloud market as well.
Notably, Azure’s growing clout among retail players like Walmart (WMT - Free Report) , which is also involved in the healthcare space, bodes well.
Furthermore, synergies from GitHub buyout bode well for the Microsoft’s intention of increasing presence in the healthcare sector and EHR market.Notably, migrating all the medical records to an EHR system for small clinics is time consuming and expensive.
Microsoft, a Zacks Rank #3 (Hold) stock, intends to provide cost benefits to small clinics with the help of stored APIs and open source codes on GitHub. Consequently, these clinics can store their data efficiently and safely by leveraging Azure API and the open codes.
However, Amazon’s initiatives in the healthcare space are hard to ignore. The company has formed a joint venture with Berkshire Hathaway (BRK.A - Free Report) and JPMorgan Chase (JPM - Free Report) to provide enhanced healthcare facilities to its employees.
Moreover, the launch of Amazon Comprehend Medical is in sync with its aim to transform the industry which is still utilizing traditional and time-consuming methods. Further, PillPack acquisition (pending) to sell prescription medicine online remains its most significant step to date in the healthcare sector.
Additionally, Amazon is in talks with Seattle-based start-up,Xealth, in association with two hospitals namely Providence Health Systems and University of Pittsburgh Medical Center to work on its project related to medical supplies.
Amazon reportedly has a secretive team called Grand Challenge which is working on several projects related to medical records, last mile delivery and most importantly cancer research. The stock currently has a Zacks Rank #2 (Buy).
Alphabet’s Innovative Techniques in the Healthcare Domain
Alphabet has been firing on all cylinders in the healthcare sector on the back of well-performing healthcare division, Verily. Moreover, the company’s strategic partnerships have been playing a vital role in expanding its footprint in the healthcare industry.
Verily recently raised $1 billion in a funding round led by Silver Lake, a private equity firm, along with Ontario Teachers’ Pension Plan and other global investors. Moreover, Verily teamed up with WBA to work on several healthcare projects with an aim to make healthcare services affordable.
This Zacks Rank #2 stock has also merged DeepMind Health, a unit of its subsidiary DeepMind, with Google under a new umbrella called Google Health. This move provides the search giant control over the medical records stored in DeepMind’s system.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Microsoft, WBA Deal to Break AMZN, GOOGL Healthcare Dreams
Microsoft (MSFT - Free Report) recently entered into an agreement with Walgreens Boots Alliance (WBA - Free Report) , in a bid to offer innovative and cost-effective health care delivery solutions.
The seven-year deal is anticipated to threaten the growing presence of Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) , among others in the healthcare industry.
Technology has undoubtedly revolutionized the entire healthcare system in the last few years.The tech stalwarts, backed by strength in artificial intelligence (AI), augmented & virtual Reality (AR/VR), machine learning (ML), and data analytics capabilities, are leaving no stone unturned to penetrate the healthcare market.
Notably, per a report from TransparencyMarketResearch, the global digital healthcare market is expected to witness a CAGR of 13.4% between 2017 and 2025.
Microsoft’s Initiative in Healthcare: A Brief Overview
Microsoft-WBA partnership is aimed at providing personalized end-to-end health care management solutions from preventative self-care initiatives to chronic disease treatment.
Per the deal, Microsoft’s cloud platform Azure integrated with robust AI capabilities will be leveraged by WBA. The company will also utilize Microsoft 365.
The companies also intend to invest on research and development (R&D) through the duration of the agreement in a bid to improve customer reach by increasing accessibility and empowering health care services with new customized solutions.
Notably, the latest deal is expected to aid Microsoft in penetrating the global healthcare supply chain management market which as per a report from Research and Markets, is anticipated to witness a CAGR of 8% between 2018 and 2023.
Moreover, the increasing adoption of Microsoft’s services, primarily Azure, over counterparts like Amazon Web Services (AWS) and Google Cloud are anticipated to strengthen the company’s competitive position in the cloud market as well.
Microsoft Corporation Revenue (TTM)
Microsoft Corporation Revenue (TTM) | Microsoft Corporation Quote
Notably, Azure’s growing clout among retail players like Walmart (WMT - Free Report) , which is also involved in the healthcare space, bodes well.
Furthermore, synergies from GitHub buyout bode well for the Microsoft’s intention of increasing presence in the healthcare sector and EHR market.Notably, migrating all the medical records to an EHR system for small clinics is time consuming and expensive.
Microsoft, a Zacks Rank #3 (Hold) stock, intends to provide cost benefits to small clinics with the help of stored APIs and open source codes on GitHub. Consequently, these clinics can store their data efficiently and safely by leveraging Azure API and the open codes.
Amazon’s Sturdy Efforts Disrupting Healthcare Market
However, Amazon’s initiatives in the healthcare space are hard to ignore. The company has formed a joint venture with Berkshire Hathaway (BRK.A - Free Report) and JPMorgan Chase (JPM - Free Report) to provide enhanced healthcare facilities to its employees.
Moreover, the launch of Amazon Comprehend Medical is in sync with its aim to transform the industry which is still utilizing traditional and time-consuming methods. Further, PillPack acquisition (pending) to sell prescription medicine online remains its most significant step to date in the healthcare sector.
Amazon.com, Inc. Revenue (TTM)
Amazon.com, Inc. Revenue (TTM) | Amazon.com, Inc. Quote
Additionally, Amazon is in talks with Seattle-based start-up,Xealth, in association with two hospitals namely Providence Health Systems and University of Pittsburgh Medical Center to work on its project related to medical supplies.
Amazon reportedly has a secretive team called Grand Challenge which is working on several projects related to medical records, last mile delivery and most importantly cancer research. The stock currently has a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alphabet’s Innovative Techniques in the Healthcare Domain
Alphabet has been firing on all cylinders in the healthcare sector on the back of well-performing healthcare division, Verily. Moreover, the company’s strategic partnerships have been playing a vital role in expanding its footprint in the healthcare industry.
Verily recently raised $1 billion in a funding round led by Silver Lake, a private equity firm, along with Ontario Teachers’ Pension Plan and other global investors. Moreover, Verily teamed up with WBA to work on several healthcare projects with an aim to make healthcare services affordable.
Alphabet Inc. Revenue (TTM)
Alphabet Inc. Revenue (TTM) | Alphabet Inc. Quote
This Zacks Rank #2 stock has also merged DeepMind Health, a unit of its subsidiary DeepMind, with Google under a new umbrella called Google Health. This move provides the search giant control over the medical records stored in DeepMind’s system.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>