The electronic medical record industry has gone through a huge growth spurt driven by government mandates and incentives. (Image: Shutterstock)
While concerns about Amazon.com Inc. have weighed on medical distributors like Cardinal Health Inc., companies streamlining medical records data such as UnitedHealth Group Inc. may not face such a threat.
Amazon.com Inc. plans to mine patient data to bolster medical supply sales via its online pharmacy and to help find patients for clinical trials, according to a report in the Wall Street Journal. Yet shares of UnitedHealth Group, which highlighted its machine learning platform platform at an investor day yesterday, are trading near a record high.
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