BREAKING
Protagonist Therapeutics Jumps 7.0% in Broad Rally 9 hours ago Valaris Limited Drops 6.7% in Broad Selloff 10 hours ago Talos Energy Inc. Drops 6.2% Amid Sector-Wide Selling 11 hours ago Northern Oil and Gas, Inc. Drops 5.2% in Broad Selloff 11 hours ago Bank7 Corp. Tops Q1 Forecasts With $1.25 EPS, 20.2% Above Consensus 11 hours ago JetBlue Airways Corporation Surges 15.1% in Broad Rally 12 hours ago Celanese Corporation Shares Dropping 5.5% 12 hours ago Akamai Technologies, Inc. Shares Dropping 5.3% 12 hours ago Amazon.com, Inc. (AMZN) Jumps 5.2% to $232.68 12 hours ago Boot Barn Holdings, Inc. Shares Jumping 5.2% 12 hours ago Protagonist Therapeutics Jumps 7.0% in Broad Rally 9 hours ago Valaris Limited Drops 6.7% in Broad Selloff 10 hours ago Talos Energy Inc. Drops 6.2% Amid Sector-Wide Selling 11 hours ago Northern Oil and Gas, Inc. Drops 5.2% in Broad Selloff 11 hours ago Bank7 Corp. Tops Q1 Forecasts With $1.25 EPS, 20.2% Above Consensus 11 hours ago JetBlue Airways Corporation Surges 15.1% in Broad Rally 12 hours ago Celanese Corporation Shares Dropping 5.5% 12 hours ago Akamai Technologies, Inc. Shares Dropping 5.3% 12 hours ago Amazon.com, Inc. (AMZN) Jumps 5.2% to $232.68 12 hours ago Boot Barn Holdings, Inc. Shares Jumping 5.2% 12 hours ago
ADVERTISEMENT
Market News

Amazon to open health clinics for Seattle employees

In a move aimed at reducing healthcare costs, Amazon (AMZN) is reportedly preparing to bring in-house employee healthcare service with a line of primary care clinics at its Seattle headquarters in South Lake Union. The plan, however, is in its initial stage, according to CNBC. This new initiative includes working with a small team of […]

August 10, 2018 2 min read
Market News

In a move aimed at reducing healthcare costs, Amazon (AMZN) is reportedly preparing to bring in-house employee healthcare service with a line of primary care clinics at its Seattle headquarters in South Lake Union. The plan, however, is in its initial stage, according to CNBC. This new initiative includes working with a small team of […]

In a move aimed at reducing healthcare costs, Amazon (AMZN) is reportedly preparing to bring in-house employee healthcare service with a line of primary care clinics at its Seattle headquarters in South Lake Union. The plan, however, is in its initial stage, according to CNBC.

This new initiative includes working with a small team of physicians to start a pilot clinic towards the end of this year. The clinics initially will be made available for a select group of employees and will be expanded to others by early next year.

A slew of US companies have lately been showing interest in providing better health care facilities to their employees and their families. Apple (AAPL) opened medical clinics in Cupertino and over 40 individuals were hired by its subsidiary, AC Wellness Network, to staff the clinics.

RELATED: Amazon finds the healthcare space a hard nut to crack

In January this year, Amazon (AMZN), along with JPMorgan Chase (JPM) and Berkshire Hathaway (BRK) formed a healthcare firm with an aim to reduce the rising healthcare costs and to improve the quality of care.  Dr. Atul Gawande was appointed the CEO of the newly formed healthcare venture.

Amazon had in June established its footprint in the healthcare segment with the purchase of PillPack for $1 billion after topping an offer by rival Walmart (WMT).

RELATED: Will Atul Gawande shake the US healthcare industry?

ADVERTISEMENT