September 20, 2008
I was a little surprised to find out that Revolution Health is up for sale. On the one hand, they pursued a WebMD type strategy when we all know tons of companies have died going down this path. But, they had lots of money and lots of smart people. Does that mean success? Not necessarily? We have all seen the teams full of stars that can’t outperform the true team of average players.
On the flip side, it seems so early to go up in a space that is obviously destined to grow. It just goes to show how undefined it is and how hard it is to make money.
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PBMs are paying kickbacks to health care providers to switch to generics from branded medications prescribed to thier patients. As with managed care, they are not for the benefit of patients.