@Samir_Qamar Faceid fails on me maybe 20% of the time. And failure means I have to type my passcode. It’s an annoying failure. Touchid fails less for me and when it does fail, I just move my finger and it works. No passcode, not a big deal.
@pitdesi@unpopularvc Not quite that cut and dry IMO. If Amazon effectively subsidized compute in exchange for deeply discounted convertible notes, a meaningful part of the economic cost of compute is showing up as equity appreciation rather than COGS.
General Medicine CEO @tjparker exposes a major flaw in health insurance price transparency:
Patients can fight for GLP-1 coverage for 2 weeks without knowing another brand could cost $0.
"Insurers have spent 20 years trying to design their benefits to encourage a certain set of behavior, but roughly no energy on making that stuff understandable to the customer."
"Your doctor writes you a prescription for one brand of GLP-1. You go to the pharmacy and they say, you need a prior authorization, it’ll take two weeks. If you had just gotten the other brand that your payer had a deal with, they would’ve just paid for it."
"One is full price or fight your insurance company for two weeks, the other is $0. Customers would be perfectly happy to buy the one that’s $0."
"Doctors wanna be clinical. It’s a bad use of physician resources to put them in the mode of figuring out formulary status and price."
@GeneralMedicine
The first healthcare store we built was amazon.
The second healthcare store we built was @GeneralMedicine.
So it only felt appropriate that the third would be @Walmart.
Announcing Walmart Better Care Services, a healthcare store powered by General Medicine.
The story behind it, from @elliotcohen, below.
Nearly nine years ago, @TJParker and I went to Bentonville to talk to @Walmart about building a different kind of pharmacy.
While we were there, we visited The Walmart Museum. If you haven’t been, go! I loved seeing the history of a company that started with a single store and changed what people everywhere could buy and afford. We were building PillPack at the time, and spent much of that trip talking about what healthcare could learn from retail.
Today we’re launching the new Walmart Better Care Services, a healthcare store powered by General Medicine. Starting today, customers can browse more than 900 products and services across a dozen different provider groups, compare cash and estimated insurance prices, and get what they need. Walmart defined the experience, chose the products, services, and providers. Our technology makes it all shoppable.
A lot has happened since that first trip. We sold PillPack, built Amazon Pharmacy, and started @GeneralMedicine. We’ve spent most of our working lives trying to make getting healthcare easier. And somehow it still feels like we’re just getting started.
We have incredible clinicians and treatments in this country. But finding the right care, figuring out what something costs, and actually getting it remains convoluted and complicated. Something that should have been a quick purchase becomes a project. Too often, people just put it off altogether. And when the problem is serious, all that hassle lands on top of what’s already hard. When transactions are easy, you take a whole layer of complexity off the table.
We launched General Medicine a year and a half ago. A few weeks ago, we wrote about the idea behind it: healthcare needs a store. Helping Walmart build one for its customers is that idea reaching the scale we’ve been aiming at since PillPack.
I love that we have our own store. We get to build things we’ve wanted to exist for years, hear directly from customers, and keep making them better. But I’m just as excited about helping other companies build theirs. We learned at PillPack how much more you can do when you work with companies that already serve millions of customers. Tech platforms, retailers, health systems, payers, and manufacturers all bring something different. There’s a lot more we can do together than any of us could do on our own. With Walmart, we get to work with a retailer and pharmacy that’s part of everyday life all across the country.
This one is particularly special to me. We walked into Bentonville nine years ago hoping to build something together. It took a little longer than we expected, but here we are.
Build the store. Then build more stores.
@ianfitzpatrick@elliotcohen That’s also my favorite part. I get to spend my whole career working on hard, important problems with @elliotcohen. And have a great time doing it.