In this episode Scott Becker discusses Walgreens intent to go all in on physician partnerships and acquisitions.
- It reflects a return to the concept that the firm who controls the doctors can control healthcare or win in healthcare.
- There is a growing and massive shortage of doctors.
- The goal to control doctors or own doctors started two to three decades ago with hospitals and practice management companies.
- The core concept of control has accelerated on all fronts the last decade.
- Most noticeably with the huge payors Optum and CVS, and the massive private equity funds trying to gobble up doctors.
- Walgreens and Amazon, like in the old days with slower hospitals to the game, now see the need to hire and partner with more doctors. Ie some hospitals had to play catch up here. Walgreens is now playing catch-up.
- Unlike printing money it’s takes years to develop doctors.
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