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July 31, 2024
Could Amazon be headed for big healthcare losses?
Becker's Hospital Review
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Summary
Amazon Health Services is reportedly facing significant financial losses, with leaked documents suggesting a loss exceeding $1 billion in 2024 following a nearly $1.3 billion loss in 2023. Despite these claims, an Amazon spokesperson refuted the accuracy of the figures, attributing them to incomplete draft documents and asserting strong ongoing progress in enhancing cost structure and healthcare accessibility. These developments come amidst Amazon's expanding healthcare ventures, including the acquisitions of PillPack and One Medical, and its continued growth through strategic partnerships and service expansions. The company will report its next quarterly earnings on August 1.
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