ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Amazon speeds up prescription delivery in NYC, LA

Amazon Pharmacy is launching same-day delivery to customers in the New York and greater Los Angeles areas as it tries to solidify its position in the health care sector.

Amazon Pharmacy launched same-day delivery to New York City and Los Angeles this week, with plans to expand the service to over a dozen new cities by the end of the year. 

As of Tuesday, customers in New York and the greater Los Angeles area will be able to get medication to manage health conditions such as high blood pressure, diabetes and the flu delivered to their door "within hours," according to the Seattle-based company. 

Amazon told FOX Business that the next city to feature its services will be Orlando, Florida. 

Customers in Indianapolis, Miami, Phoenix, Seattle and Austin, Texas, already have access to same-day delivery, while customers in College Station, Texas, can receive medication within an hour by drone. 

AMAZON LAUNCHES NEW SUBSCRIPTION PRESCRIPTION DRUG SERVICE

Tuesday's announcement marks a milestone in the company's effort to become an influential player in the health care sector.

Currently, rivals in the space like CVS and Walgreens will deliver prescriptions within one to two days for select medicines. Walgreens, though, does offer same-day delivery for certain medications.

Meanwhile, Walmart offers two-day shipping and overnight shipping for medications upon request, according to its website. 

Dr. Vin Gupta, a pulmonologist who serves as chief medical officer for Amazon Pharmacy, said filling mail-order prescriptions is not something the health care industry has successfully executed — but if done right, it could eliminate delays in diagnoses and reduce trips to the drugstore.

AMAZON PHARMACY WILL DELIVER ELI LILLY'S ZEPBOUND, OTHER DRUGS TO CUSTOMERS' DOORSTEPS

To help solve this issue, the company is relying on new small-format facilities, stocked with the most common prescription medications for acute conditions, so the company can get medications closer to where customers live. Its facility in Brooklyn carries a subset of the more than 12,000 medications available from its online pharmacy, the company said. 

The company said that the team on-site in Brooklyn can process a prescription within a matter of minutes compared to before, which could take hours or even days. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Gupta said the option will get patients medications faster than before, but it also comes with transparent pricing, so patients aren't hit with unexpected costs at the pharmacy counter.

"We don't just show you that… we have it in stock. We show you what you will be expected to pay with the application of insurance," he said. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.