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Friday, October 09, 2015

The prizes for the winners in the 'do it yourself 'healthcare market will be huge. Looks like CVS intends to do well.

The previous blog posting was about the horrors of state provided care. Certainly in the UK, there are numerous similarities with the provision of state provided healthcare (the NHS).

I think there are many similarities in the US with the way healthcare is delivered.

Individuals (well certainly a sizeable percentage of them) want to take more control of their own healthcare and diagnostics. For this reason I was interested to see this headline.

CVS Health partners with startup accelerator Masschallenge and digital health venture fund Rock Health

For those of you who don't recognise the names, what you have is the largest pharmacy chain in the US partnering with the largest startup accelerator and the first venture fund dedicated to digital healthcare.

Clearly the intention is to generate a stream of new products that can be pushed through CVS huge retail channel.

In theory it sounds like a great idea. Of course the devil is in the detail but the winds of change of consumer healthcare behaviour are well behind the venture.

As far as I know there is nothing remotely like it happening in the UK. Dick Stroud

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