Becker's Healthcare September 24, 2021
Hannah Mitchell

While profits have remained steady, Amazon’s operating costs are higher as it focuses on longterm growth, including its Amazon Care venture, according to a Sept. 23 Seeking Alpha report.

Five things to know:

  1. Amazon is projected to be down $2 billion in profitability in the third quarter as it invests rapidly into expanding Amazon Care, online distribution, satellite broadband, Amazon Web Services and department stores.
  2. Amazon is working to hire 55,000 technical marketing and medical employees. Of those new hires, 40,000 are projected to be in the United States.
  3. Amazon...

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Topics: Digital Health, Health IT, Investments, Provider, Retailer, Technology, Telehealth, Trends
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