Amazon into Healthcare

 

Soon, you can open the Amazon app to find a solution to your health problems!

Amazon recently announced that it has entered into a $ 3.9 billion deal to purchase One Medical, one of the primary care clinics networks.

Amazon will acquire at $18 per share in an all-cash transaction, including One Medical's net debt. Completion of the transaction is subject to closing conditions, including approval by One Medical's shareholders and regulatory approval. Upon completion, Amir Dan Rubin will remain CEO of One Medical.

After a failed IPO, the company's value fell below the IPO price, making the acquisition by Amazon more attractive.

One Medical is a US-based, human-centered, technology-powered primary care organization with a mission to make quality healthcare more affordable, accessible, and enjoyable through a perfect combination of in-person care services, digital and virtual.

1Life Healthcare, Inc. is an administrative and management services company. 1Life and the One Medical entities operate under the "One Medical" brand.

One Medical is a subscription-based primary care practice with nearly 200 locations nationwide that also offers virtual services. The company had approximately 7.67,000 patients in May.

One Medical isn't the first healthcare company Amazon has acquired. In 2018, it acquired PillPack, an online pharmacy for $ 753 million in 2018, and launched Amazon Pharmacy in 2020 as a prescription and delivery service.

Amazon is investing heavily in healthcare and wants to become a major healthcare company, however, the problem is how it integrates healthcare with its other businesses and starts cross-selling. This will raise issues related to health data and privacy legislation.

 

Medplus trying Subscription model

MedPlus trying Subscription modle for diagnostics and consultation services.

Diagnostics tests at a 75% discount and a 50% discount on consultation.

Medplus rolled out an annual subscription model for people where this includes, Diagnostics tests and In-house consultations,

This Annual subscription plan starts at Rs.999 for an individual when you add family members it could go up to Rs.1799. This will cover the entire year of whatever tests subscribers want.

Plans are Rs. 1799 for a family with 2 children, Rs. 999 for a single adult, and Rs. 1499 for the Adult couple and add-ons with marginal amounts.

Under this, the subscribers will get free diagnostic tests at MRP, worth the membership subscription plan fee. And Beyond that any tests (like radiology, preventive health check-ups etc.) you will get 75% discounts.

Flat 50% off on all online and offline consults with in-house doctors and moving forward it’s planning to make it free for all.

These all services subscribers will get under one roof only and if subscribers don’t want then they can go to various outlets across Hyderabad and other cities to get it done under this plan. These private outlets have a tie-up with Medplus.

For now, it is a pilot program across Hyderabad, Vijaywada, Chennai, Nagpur, and Bengaluru, and if it gets the kind of responses it’s expecting it will be launched across India.

The diagnostics market is highly competitive and prices are also very high. And this could be adopted by many people if this plan works as intended.

At present, Medplus offers 20% discounts for the purchase of above Rs.1000 in every Medplus outlet.

In India, healthcare services and insurance penetration is less and these kinds of plans will enhance the health cover and makes people get tested themselves as it comes with multiple offers at just 1799.

This is a win-win proposition for both the company and the consumers.

Through this Medplus will get huge data in terms of people’s health patterns which is helpful for it to offer new products and understand the major issues people are facing and it could also help to bring more healthcare policies in India if data is used by policymakers (which is a long time horizon).

Netflix getting hurt

Why is Netflix losing its subscribers?

The company is predicted to lose 2 million subscribers By June. However, it lost 970,000 subscribers.

Its stock price also went down by 71%.

 Currently Netflix has 220.6 million subscribers worldwide, 74 million for HBO Max, and 87.6 million for Disney+ these later two streamers are in less parts of the world.

 

Until now, Netflix has made content by incurring huge costs and making content more creative, but now they are cautious and moving strategically.

To mention such films include The Irishman, Red notice, and the recent one The Grey Man (released on Friday) which made by incurring a whopping $200 Million.

The other notable new content is “Stranger” which is being made by incurring $25 million per episode.

Netflix lost Manifest and Lucifer shows as they went to free streamers.

 

• One reason could be that most of the content on Netflix is made by itself, to do this kind of project it needs huge resources such as a production team, technicians, and a lot of shooting equipment which are a huge costs for the company and they can only be used by Netflix.
  
• Whereas other streaming sites are associated with production franchises but Netflix is not, It’s driving the subscribers to other streaming sites.
• In India, people would love to watch regional content. Still, Netflix has less to offer the regional content and they are not associated with any Indian production house on large scale.
• In India, there are lots of streaming sites that are offering more regional content at a very minimal price or even free like MX Player, Jio cinema, Alt Balaji, etc.

Initiatives :

• Netflix is planning to introduce the Adds streaming and planning to charge for password sharing.
• It is also planning to enter into the digital gaming market which has huge potential.

Changes that could be made to attract new subscribers?

•  Netflix has to normalize the content making which they are planning to do now.
• Netflix has to outsource the content making projects to production houses which will save huge costs for the company.
• Introduce the a few free content on Netflix to attract new people to its platform and monetize eventually by offering custom made content packages based on their content consuming behaviors (As its known for making content images based on viewers likes).
• Introduce more and more regional content.
• To attract Indian subscribers Netflix has to make changes with respect to both Price and content.

Have to wait and watch how Netflix makes its turnaround.

India's first environment-friendly Airlines

After a long time Indian skys are witnessing a new airline company coming.

The passenger airline business is a very sensitive one. If anything happens even if it can be corrected in some time it will hamper the entire company's image.

The Airlines business is seen as a loss-making venture.

We have seen in the recent past a few airline companies have shut their operations due to quality, governance, and resource issues (Kingfisher, Jet Airways, AirIndia)

But AirIndia and Jet Airways are in turnaround mode.

In the past few days, we have seen many issues with airlines such as planes catching fire in mid-air, employee issues and plane quality.

The new airline company Akasa,

received its Airline code from DGCA and will be called 'QP'.

and also got an air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA).

By the end of the fiscal year 2023, Akasa Air will have added 18 aircraft and thereafter 12-14 aircraft every 12 months, completing its total order of 72 aircraft delivered over five years.

It will be the greenest fleet in Indian skies. Its 737 MAX family aircraft is known for reducing fuel use and carbon emissions, thanks to its fuel-efficient LEAP-1B CFM engines.

is the first Indian airline to introduce personalized comfortable pants, jackets, and slippers for its airline flight crew. The fabric is specially designed for Akasa Air using recycled polyester fabric made from plastic PET bottles recovered from marine debris and comfortable slippers for its flight crew, keeping ergonomics, aesthetics, and comfort in mind.

Company, given the mobile lifestyle of crew members and the long hours they spend on their feet, Vanilla Moon designed shoes that are lightweight and contain additional cushioning from heel to toe to ensure better support. The sole of the crew members' sneakers is carved from recycled rubber. and manufactured without any use of plastic.

This will make it an environmentally friendly airline company.

As it started with many firsts in the airline industry let's wait and see how it will start and grow, by this month's end it planning to take off its first flight.

A year back I have written an article on Akasa airlines when it was announced. take a look into it, 

link in comments.

IT raids at Micro labs

Yesterday IT department raided Micro Labs, the manufacturers of the famous tablet Dolo 650. 

The reason behind this is alleged unaccounted income.

The company has sold 350 crore tablets since the Covid-19 outbreak in 2020 and earned revenues of Rs 400 crore in a year surpassing all its rivals, The sales of Dolo 650 broke all records.

It's called as the Indian favourite snak.

It is Founded by GC Surana, It's a family-run entity with an annual turnover of Rs.4,083 crore. 

Company is building a new factory to make pharma ingredients near Bangalore for $65 million. 

Today, it has expanded across India to include 14 state-of-the-art manufacturing facilities an injectable unit, a bulk drug facility, offices located overseas, and a strong distribution network, and three research and development centres that employ more than 300 dedicated scientists.

A sales team of 5,000-plus medical representatives reaches more than 250,000 doctors and 180,000 pharmacies around the country.

and Micro Labs is present in more than 50 countries.

The company started with a humble beginning, and was founded by G.C. Surana, a former pharma distributor, in 1973 in Chennai.  

Dilip and Anand Surana has a networt of $2.25 B and they are 94th richest in India as per forbes 2021.