Amazon (AMZN) is bringing its prescription services even closer to patients. Its subsidiary, Amazon Pharmacy, is rolling out in-office prescription kiosks at select One Medical locations in Los Angeles. This will allow patients to order and receive medications immediately after their appointments.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
These kiosks function like advanced vending machines, dispensing medications within minutes of a doctor visit. The process is designed to be fast and user-friendly.
Once a provider sends the prescription to Amazon Pharmacy, a licensed pharmacist verifies it. Patients then complete the order through the Amazon app and scan a QR code at the kiosk to retrieve their medication.
Before dispensing the medication, a remote pharmacist performs a final check, and patients can connect with them via video or phone call if needed.
Each kiosk is stocked with hundreds of commonly prescribed medications, including antibiotics, inhalers, and blood pressure treatments, with inventory tailored to the specific clinic location.
Amazon Is Reshaping Prescription Access
Amazon’s goal is to streamline the prescription process, eliminating the need for a separate pharmacy trip or long wait times.
By placing kiosks directly in clinics, the company strengthens its role in the healthcare ecosystem, moving closer to patients and providers. Also, faster access to prescriptions means patients are more likely to fill and take their meds.
Further, the move puts pressure on traditional pharmacy chains such as CVS (CVS) and Walgreens by offering convenience and tech-driven service.
Is Amazon a Buy, Hold, or Sell?
Turning to Wall Street, AMZN stock has a Strong Buy consensus rating based on 43 Buy ratings assigned in the last three months. At $267.88, the average Amazon stock price target implies a 19.61% upside potential.
