New Amazon online pharmacy service will compete against CVS and Rite Aid

Though long expected, the announcement rattled the drugstore industry, sinking the shares of all of Amazon’s news rivals. Shares in both CVS and Walgreens Boots Alliance slid about 9 percent in midday trading. Rite Aid’s stock fell more than 15 percent. (Amazon chief executive Jeff Bezos owns The Washington Post.)

Prescription drug sales will approach $360 billion this year, according to a forecast from the Centers for Medicare & Medicaid Services, an agency within the Department of Health and Human Services. With the ongoing coronavirus pandemic, Amazon Pharmacy hopes to take advantage of the burgeoning interest in shopping from home.

“As more and more people look to complete everyday errands from home, pharmacy is an important and needed addition to the Amazon online store,” senior vice president Doug Herrington said in a statement announcing the move.

Amazon Pharmacy is available, for now, to customers in every state except Hawaii, Illinois,

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Interview With Shiv Misra, CVS Health

Over the last decade, data and analytics have grown to be more than just a quantitative support function. Many organizations have traditionally used data to win customers and market share. However they are now also leveraging data to re-design future products based on evolving customer needs and macro trends. While significant progress has been made in the field of machine learning, as well as artificial intelligence –there is one critical element to making this all work: having the right data. Business decisions that are built using flawed data can cause an organization significant revenue loss, increased expenses, compliance issues, possible legal issues and even more severe ramifications. 

The focus on machine learning is making data even more essential than ever. At the recent Data for AI 2020 conference, Shiv Misra who is the Head of Medicare Retention Analytics

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