Posted by Sheila Shayon on February 3, 2015 12:08 PM
Elizabeth Holmes dropped out of Stanford University at 19 with a big, disruptive idea.
She founded Theranos in 2003 with the goal of streamlining and standardizing blood tests via a handheld device. At the time, she was a sophomore majoring in chemical engineering at Stanford University, but she left academia to start her company with a bridge loan from a venture capitalist.
Now 30 and America’s youngest female billionaire, Holmes is the CEO of Theranos, and her company is disrupting the very profitable business of blood testing and analysis.
Its simple value proposition hinges around blood tests and early detection that can help detect dozens of medical conditions based on one or two drops of blood drawn with a finger pinprick. From that nanotainer of blood, Theranos can run more than 70 tests for anything from blood sugar abnormalities to sexually transmitted infections—and at a cost of 50 to 90 percent less than Medicare reimbursement rates.
Walgreens is a believer, both as an investor and retail partner.Continue reading...
Posted by Dale Buss on December 19, 2014 04:22 PM
Walgreens, Rite Aid and CVS are all headed in the same direction, as the American drugstore chain business is being redefined not only by vast changes in retailing but also by vast changes in healthcare. Their goal: Becoming the brand that consumers turn to as an overall healthcare partner, rather than just a place they stop on their way home to pick up a prescription or a toothbrush.
That's why all three pharmacy retailers have turned their stores into service clinics as well as retail outlets. It's why CVS took a chance this year with a decision to disassociate itself from cigarettes. It's why Rite Aid's RediClinic division is expanding health care delivery in Baltimore, Philadelphia and Seattle, among other places.
And it's why Walgreens has been innovating and investing heavily in a digital health platform that already has advanced the brand a long way toward this objective, including wearable tech and mobile apps.
As Walgreens readies for the retirement of CEO Greg Wasson and for a new global structure under its merger with Europe's Alliance Boots, brandchannel talked with Adam Pellegrini, vice president of digital health, about how its vision for the future of healthcare is well underway.Continue reading...
Posted by Dale Buss on October 2, 2014 04:48 PM
It isn't quite the Apple app with the Mayo Clinic, or even Nike Fit, but the Walgreens pharmacy chain and digital health hub WebMD are partnering in a move aimed at helping each brand compete more effectively in the era of intense digitization of healthcare and medical and fitness advice and monitoring.
The agreement will bring WebMD's virtual wellness-coaching programs to America's largest drugstore chain and help incentivize its Balance Rewards members to practice healthy behaviors using the WebMD platform by giving them rewards points by participating in programs and tracking progress toward goals. This is a first for Walgreens loyalty program, which traditionally rewarded points based on what customers purchase, not do.
The deal also follows the anti-tobacco move by CVS, America's #2 drugstore chain, which went into effect last month and followed a lot of research and soul-searching, at a time when all pharmacies are looking to increase their value to customers.Continue reading...
Posted by Dale Buss on October 23, 2013 09:17 AM
Mondelez invests $400 million in sustainability.
Facebook reverses stance on violent video.
Microsoft tests eyewear similar to Glass.
Amazon and eBay shake up shipping strategies.
American Honda settles class-action suit over oil-burning defect.
Apple targets Microsoft Office with free apps.
Caterpillar cuts 2013 forecast as mining orders drop.
Cheetos promises to TP any location in the world for new Halloween campaign.
Coach loses ground to luxury rivals.
Ford trims production of C-Max and Focus.Continue reading...
Posted by Dale Buss on January 11, 2012 09:01 AM
A&P prepares to emerge from bankruptcy.
ABC plans to screen new TV show in theaters.
Amazon backs Hollywood film-streaming format.
Apple's Tim Cook is America's highest-paid CEO.
Daimler still trying to fix Smart brand.
Fiat will begin to emphasize product marketing over brand in U.S.
Ford cites Thai flood impact on bottom line, while U.S. car-buyers are lukewarm to hybrids.
Fox Sports settles legal dispute with Los Angeles Dodgers.
Friendly Ice Cream exits Chapter 11.Continue reading...
Posted by Dale Buss on July 19, 2011 09:00 AM
News Corp. titans, Rupert and James Murdoch, face three-hour Parliamentary questioning today in spreading phone-hacking scandal.
Walmart reportedly eyes Rite Aid.
AMD stalls in CEO search, which might overshadow earnings improvements.
American Airlines leans toward Airbus over Boeing in fleet decision, Journal says, while Bloomberg hears that the airline may split the order.
American Family Insurance promotes “the American dream.”
Baidu reaches deal with major record labels.Continue reading...
brands we love
Posted by Sheila Shayon on February 25, 2010 10:16 AM
According to recently released research, Amazon.com is the top-performing brand in the US based on key branding metrics – trust and recommendations. Close behind are FedEx, Downey, Huggies and Tide. WebMD is the only other Internet-only US brand in the top 10.
The study, by Millward Brown, entitled, "Beyond Trust: Engaging Consumers in the Post-Recession World," used the new metric "TrustR" to determine top-performing brands. Consumer response to the questions "how trustworthy is this brand?" and "would you recommend this brand?" were indexed, combined, and a TrustR score attributed.
In addition to actual ranking, the research reveals that consumers spend less or no money on brands they don’t trust in a tight economy. "In fact, we found that the number one "TrustR" brand in each of the 22 countries we researched was nearly seven times more likely to be purchased and consumers were 10 times more likely to have formed a strong bond with these brands," said Millward Brown's Eileen Campbell.Continue reading...