Amazon Health Executive Transition Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: CNBC
- Executive Change: Neil Lindsay, Amazon's Senior Vice President of Health Services, will step down on July 1, with Dr. Roy Schoenberg, co-founder of telemedicine company Amwell, taking over; Lindsay will remain as an advisor until year-end to ensure a smooth transition.
- Strategic Focus: Following its 2018 acquisition of PillPack, Amazon has aimed to penetrate the complex U.S. healthcare market, enhancing its capabilities with the $3.9 billion acquisition of One Medical in 2023, which provides access to physical clinics and a robust membership base.
- Technological Innovation: Earlier this year, Amazon launched an AI health tool capable of analyzing medical records, booking appointments, and answering queries, demonstrating its ongoing commitment to investment and innovation in healthcare technology.
- Leadership Restructuring: This transition marks the latest executive shakeup in Amazon's healthcare unit, reflecting the company's strategic reorganization in the medical sector, aimed at driving future growth by introducing leaders with deeper healthcare expertise.
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Analyst Views on HUM
Wall Street analysts forecast HUM stock price to fall
19 Analyst Rating
6 Buy
12 Hold
1 Sell
Moderate Buy
Current: 308.700
Low
231.00
Averages
290.39
High
344.00
Current: 308.700
Low
231.00
Averages
290.39
High
344.00
About HUM
Humana Inc. provides Humana insurance services and CenterWell health care services. The Company's segments include Insurance and CenterWell. The Insurance segment consists of Medicare benefits, marketed to individuals or directly via group Medicare accounts, as well as its contract with CMS to administer the Limited Income Newly Eligible Transition (LI-NET) prescription drug plan program and contracts with various states to provide Medicaid, dual eligible demonstration, and Long-Term Support Services benefits. This segment also includes products consisting of employer group commercial fully-insured medical and specialty health insurance benefits marketed to individuals and employer groups. The CenterWell segment includes its pharmacy, primary care, and home solutions operations. The segment also includes its strategic partnerships with WCAS to develop and operate senior-focused, payor-agnostic, primary care centers, as well as its minority ownership interest in hospice operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strategic Focus: Following its 2018 acquisition of PillPack, Amazon has aimed to penetrate the complex U.S. healthcare market, enhancing its capabilities with the $3.9 billion acquisition of One Medical in 2023, which provides access to physical clinics and a robust membership base.
- Technological Innovation: Earlier this year, Amazon launched an AI health tool capable of analyzing medical records, booking appointments, and answering queries, demonstrating its ongoing commitment to investment and innovation in healthcare technology.
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- Pessimistic Future Outlook: The company expects an adjusted EPS of only $16 for 2024, a $10 decrease from 2023, well below analysts' expectations of $29, reflecting ongoing pressures from rising medical costs.
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- Investigation Focus: Kahn Swick & Foti is investigating whether Humana's executives breached their fiduciary duties to shareholders or violated laws, and if findings indicate wrongdoing, the company may face greater legal and financial risks.
See More
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- Strategic Focus: Following its 2018 acquisition of PillPack, Amazon has aimed to penetrate the complex U.S. healthcare market, enhancing its capabilities with the $3.9 billion acquisition of One Medical in 2023, which provides access to physical clinics and a robust membership base.
- Technological Innovation: Earlier this year, Amazon launched an AI health tool capable of analyzing medical records, booking appointments, and answering queries, demonstrating its ongoing commitment to investment and innovation in healthcare technology.
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See More
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- Economic Data Impact: The Chicago Fed National Activity Index rose to a 13-month high of 0.14, surpassing expectations, while a slight decline in the consumer confidence index reflects the complexities of economic recovery, potentially influencing future market trends.
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See More
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- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
See More
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See More
