Categories Other Industries

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 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?

Most Popular

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top