So I found it amusing that it turns out that Uber has aspirations itself; it wants to Amazon.
Credit: The Street |
Cars are to us what books were to Amazon. Just like Amazon was able to build this extraordinary infrastructure on the back of books and go into additional categories, you are going to see the same from Uber.Uber Eats is touted as an example of this kind of opportunity, and Uber hopes that Uber Freight will have similar success. The Times also cited their efforts in scooters, autonomous vehicles, and payment infrastructure as other opportunities.
Shawn Carolan of Menlo Ventures told the Times: "Because the ubiquitous need for transportation is so huge, they’re able to cross-sell different products to their existing customer base." Another VC, Mitchel Green of Lead Edge Capital, was also effusive: "Uber, like Amazon, operates with an obsession on customer value over anything else."
Of course, cynics suspect the Amazon comparisons are an attempt at a financial sleight of hand. Uber's growth is impressive, but shows signs of slowing, while its losses are mounting -- as much as $1b in the first quarter alone. Amazon was famously unprofitable for many years, as it invested in growth and infrastructure (such as its cloud service AWS), and Uber would like investors to show similar patience.
Credit: Applico |
Healthcare, especially in the U.S., is known for how complicated (and expensive) it is. People -- patients/consumers -- have a hard time finding the right treatments, the right health care professionals and organizations, and the right price. Even communication is difficult in healthcare; faxes are preferred over emails and texts, waiting in line or in a phone tree can be maddening, and terminology is too often opaque, such as on bills or insurance "explanation of benefits."
Healthcare needs platforms.
Some are calling for "Medicare For All" -- whatever that means. Others might prefer, say, Kaiser Permanente for All, or Mayo Clinic for All. But those aren't platforms, and they wouldn't address many of healthcare's underlying problems.
Credit: Symphony Corp. |
Apple is certainly thinking about life as a healthcare platform. Its Apple Watch is already has an ECG app that can be used to detect Afib, and it is working with a growing number of health organizations that support sharing health records on the iPhone. Earlier this year CEO Tim Cook said: "if you zoom out into the future, and you look back, and you ask the question, 'What was Apple's greatest contribution to mankind,' it will be about health."
Similarly, Amazon seems to have plenty of healthcare ambitions, including its acquisition of PillPack and Haven, its joint venture with JP Morgan Chase and Berkshire Hathaway, to name two of many. Alphabet has an array of healthcare-related efforts and investments, and Facebook is exploring the space.
There are going to be platforms in healthcare. The question is whether they will come from outside healthcare, or from within.
In additions to EHRs, telehealth companies could be a logical basis for a platform, connecting patients and healthcare professionals in a variety of ways and a number of business models. There are services like ZocDoc (patients and doctors) or PatientsLikeMe (patients and patients) that have platform potential. But, so far, they are all mostly staying in their lanes.
What remains to be seen is:
- who has the technology to really simplify healthcare?
- who offers the experience that wows users?
- who can quickly generate the kind of network effects that serve to accelerate growth?
Healthcare wants to be more like Uber. Uber wants to be more like Amazon. Amazon wants to be part of healthcare. Someone, somewhere, sometime will somehow break that circle and healthcare will have the platform(s) it needs.
We're waiting.