Silicon Valley Companies Ramp Up Health Care Efforts - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 30, 2018 Newswires
Share
Share
Post
Email

Silicon Valley Companies Ramp Up Health Care Efforts

Indianapolis Business Journal (IN)

Apple Inc.'s new watch is the latest proof: Big Tech is trying to remake health care in its own image.

The device, introduced at a splashy launch event in September, can call for help after its wearer falls. It can monitor heartbeats for dangerous conditions. It can do an electrocardiogram, a test that monitors for a common abnormal heart rhythm and is usually done by a doctor.

For the iPhone maker, it's the boldest foray so far into personal health. Apple has already pushed the use of its mobile devices for health tracking and medical research, and recently added a feature that can connect to some hospital medical-records systems.

With iPhones and other mobile devices in the hands of more people than ever, the stakes couldn't be higher. Tech giants such as Apple, Amazon.com Inc., Microsoft Corp. and Google have to figure out, now that they are among the biggest companies in the world with some of the world's most ubiquitous brands, how to get even bigger.

The business of keeping people well is a logical frontier. Health care accounts for about 18 percent of U.S. economic output and still often relies on antiquated tools like fax machines, making it an enticing opening for tech behemoths looking for new terrain to conquer.

Already, the companies are in deep. Apple is tracking vital signs. Amazon bought its way into the pharmacy business while joining with two powerful partners to remake worker health care coverage. Google parent Alphabet Inc. wants to help make you live longer.

There are reasons for skepticism. Apple's new pulse-monitoring tools could trigger false positives and panics, some analysts worry. Amazon and its partners hired a famous surgeon CEO for their worker health care plan, but building it out could take years.

Still, the companies are moving ahead at breakneck speed. It can be hard to keep track of developments. Here's where things stand:

Amazon has its tentacles everywhere. It's working on the employee-health venture with JPMorgan Chase & Co. and Warren Buffett's Berkshire Hathaway Inc. Earlier this year, it paid $1 billion for online pharmacy PillPack after months of speculation about its plans to shake up the prescription-drug business.

Meanwhile, hospitals, doctors and dentists' offices have helped propel Amazon Business to $10 billion in annual sales. The unit sells everything from latex gloves and patient bed liners to specialized dental tools and medical devices. Customers include more than half of the 100 biggest hospital networks in the country.

Amazon Web Services, the cloudcomputing division, offers tools that can be used to move from paper to electronic medical records and help genomics researchers store and analyze vast amounts of data. Cloud computing lets customers ramp up processing power for trials and modeling only when they need it, allowing them to conduct tests more cost-effectively.

Google's parent company made a $375 million investment in the healthinsurance startup Oscar Health this year. Alphabet has two distinct health-focused companies that are big and established enough to have their own CEOs (though just how big isn't clear, as Alphabet doesn't report their revenue).

One, called Calico, has a team of biologists, doctors and drug developers focused on understanding the process of aging, with the very Silicon Valley goal of extending life spans. The second, Verily, is working on new ways to collect and use health data, such as a contact lens that monitors glucose levels. DeepMind, Google's main artificial-intelligence company, also has a significant healthcare division.

Additionally, Google has special cloud storage, email and file-sharing products that are HIPAA-compliant. Google Fit is a suite of tools for Android phones that developers can use to build healthtracking apps, just like Apple Health. And don't forget the core search product. The company has been working to improve "Dr. Google" ever since people typed, "What does a heart attack feel like?" into their browsers. Google now has a special team of doctors who help make sure results for common questions offer accurate information.

After Microsoft axed a fitness band and sold an earlier health-software group to General Electric Co., the software giant is trying to sell hospitals, drugmakers and doctors software, cloud processing and artificial-intelligence services for more personalized medical care·

Older

Employers Jump Into Providing Care As Health Costs Rise

Newer

US Consumer Confidence Hits 18-Year High

Advisor News

  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
  • Transamerica and Advo(k)ate Advisors launch pooled employer plan
  • ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
  • Why women must be more engaged in investing
More Advisor News

Annuity News

  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Market-value adjusted annuities: Key considerations for advisors
  • Private equity’s next play in insurance
  • Immediate Care Plan: A new solution for funding LTC
  • Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
More Annuity News

Health/Employee Benefits News

  • Farm families consider options for health coverage
  • Medicaid insurers’ contracts on the line in tight Iowa governor’s race
  • Here are the corporate PACs fueling Tennessee’s race for governor
  • OPINION: Healthcare costs are surging. Taxing billionaires will help Californians keep their coverage
  • Doctors concerned about Medicaid work rule
More Health/Employee Benefits News

Life Insurance News

  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
  • AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries
  • Yancey Jr., Delos Harley
  • Vincent Esparza CFP, CLU joins Wilde Wealth Management Group as Senior Wealth Advisor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet