Improving health care by making it more convenient

The journey a patient makes in the health care system can be a long one - from getting an appointment, to waiting to see the physician, to finally getting a prescription for treatment.  Any roadblock on that journey, often something simple such as picking up a prescription, can have devastating consequences.

Value-based care is all about focusing on the patient - providing them the best quality care for the least amount of cost. It is also about treating the patient more as a consumer and giving them the delightful experience that they get from their other service and retail providers.  Oftentimes, what the patient consumer is looking for is convenience.

Convenient is certainly not a word one typically associates with health care.  But that’s changing.  Telehealth has finally gained acceptance, a silver lining from the pandemic, wearables are connecting to doctors’ offices, and increasingly medical networks have a usable patient app.  It may not be perfect yet, but it’s heading in the right direction.

In today’s podcast, 7investing Lead Advisor Dana Abramovitz discusses how companies are making health care more convenient to patients with Amanda Epp, Co-founder and CEO of ScriptDrop.  ScriptDrop focuses on the last leg of the patient journey, getting their prescription.

Publicly-traded companies mentioned in this podcast include: Rite Aid (NYSE: RAD), Albertson’s (NYSE: ACI), CVS (NSYE: CVS), Walgreens (NASDAQ: WBA), and Amazon (NASDAQ: AMZN). 7investing’s advisors may have positions in the companies mentioned.

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