Well away goes the hospital prescription automation system, which requires hardware and software and in comings a mobile app to help community pharmacies keep up with the big boys. Francisco Partners, is the private equity firm buying the hospital prescription system.
Now over here on the app news…there’s money to be made selling data and we all know that Walgreens takes in about a billion a year just selling data so McKesson is getting in on that end of the business and it keeps customers in the store longer too. This way the smaller pharmacies can offer consumers services and get some data to sell too and compete with the big guys. The app is free and we all know free ends up costing us along the line somewhere and this looks to be more data. Here’s your privacy statement from the Android download page for the McKesson software…when it comes to privacy I think we all know the Google privacy rules or lack of…the app goes by the Google privacy rules..hmmmm…remember prescription data does not fall under HIPAA.
“This Google Play Store application and website are operated by Google Inc.
I wrote the post below back in 2012 about independent pharmacies not being able to compete with the money made by the big pharmacies in selling data so it looks like McKesson is offering a solution so they too can collect and sell data, we know those insurance companies will be looking for it and this was Chapter 23 of the Attack of the Killer Algorithms, a 50 plus group of blog posts that talk about how algorithms running on servers 24/7 move and take your money and data one way or another. I guess with this move it looks like selling data has a brighter future than maintaining prescription hardware systems in hospitals. BD
Independent Pharmacies Not Able to Compete with Big Chains and Fear Going Out of Business–They Don’t Have Same High Levels of Data To Sell to Profit- Attack of the Killer Algorithms Chapter 23
SAN FRANCISCO, Oct 16, 2013 (BUSINESS WIRE) -- Francisco Partners, a leading technology-focused private equity firm, today announced it has signed a definitive agreement to acquire McKesson Automation, a unit of McKesson Corporation that offers integrated pharmacy automation solutions for hospitals and health systems. McKesson Corporation previously announced its intent to divest this division, which will operate under a new name after the transaction closes. The transaction is expected to close this quarter and is subject to customary closing conditions.
"McKesson Automation is highly regarded in the healthcare industry for its system-wide approach to and deep understanding of the medication delivery process," said Chris Adams, a principal at Francisco Partners. "We are excited to work closely with the existing leadership team to expand the automation business as a standalone company. We will maintain a close working relationship with McKesson Corporation to ensure that the companies' collective solutions for hospitals and healthcare providers are complementary and effective."