For a number of common health insurance transactions (verifying/checking health insurance information for a patient, procedure eligibility, patient demographics, claims status) that are part of the standard HIPAA transaction set, Eligible replaces legacy X12 EDI with a modern API.
Basically, if you are building any healthcare tools that could use administrative information from a health insurance company, you should probably be doing it on Eligible's platform.
Even using current run rate sales of the Nexus tablet, they would only be selling 3M a quarter. Apple sold 3M tablets in a weekend. If only 20% of the reported sales were for the iPad Mini, it is doubtful Apple will be outsold in the holiday quarter (even with giving competitors the extra month), especially considering its distribution reach. However, we'll never know, since neither Google nor Amazon release sales figures (Asus reported the Nexus number).
OTOH, I think everyone agrees that Apple is manufacturing constrained on these things. How long did it take to manufacture those 3M iPad minis? If it takes a month to make what sells in 3 days...
While I agree they are still heavily supply-constrained, the CapEx figures that Apple has released indicates they are significantly ramping up manufacturing capacity. They have sold more than 15M iPads in a quarter before. I would be surprised if they didn't have the capacity to sell 20-25M this holiday quarter.
Pharmaceuticals represent approximately 10% of total health care expenditures versus hospital, physician and clinical services representing approximately 51% of total health care expenditures (for the latest estimated year of spending, 2010) [1].
Within Medicare, prescription drugs account for 11% of total Medicare expenditures and are projected to be 13.5% of total expenditures by 2021 [1].
Further, the prescription drug benefit ("Part D") has cost about 30% less than estimated by the CBO when the Medicare Modernization Act was passed (2003) [2]. This is due to a variety of factors, but a huge one has been lower-than-expected growth rates in per capita spending on prescription drugs, estimated at 4% per year since 2006 [2], much lower than overall growth in health spending.
There was significantly more behind the scenes. It would be very similar to what PwC just paid for (rebranding from PriceWaterhouseCoopers) [1].
Accenture was a rebrand of Andersen Consulting, the consulting division of Arthur Andersen, the large accountancy. The Big-5 accountancy gave them their entire brand position, so the creation of the Accenture logo involved all of the campaigns for them to emerge, not just the logo or mark. This is also why their ads are in every airport—the brand identify had to be built from scratch. For Accenture, it ended up being exceptional timing, considering the Enron scandal would emerge in a year or so and end up destroying Arthur Andersen.
Most of the accountancies examined spinning out their consulting divisions, similar to Accenture. I wouldn't say the results were as successful as Accenture for those that chose to rebrand. E&Y sold their group to Cap Gemini, becoming Cap Gemini Ernst & Young, and eventually just Capgemini. PwC was going to spin out their division as "Monday", but instead ended up selling the group to IBM (only to eventually restart again). KPMG had BearingPoint, which eventually went bankrupt. Deloitte contemplated rebranding their consulting group as Braxton, but it never happened.
Changing the basis of competition in the marketplace from price to convenience (i.e., ease of use) is exactly what disruptive innovation is. Not all disruptive innovations are low end.
Stripe is actually more like a new market disruption because it is bringing in non-consumers who might not have even been able to setup payment processing without their solution. The same is true of Gumroad, or Shopify.
I don't disagree with the path you see Facebook going down and how disruptive it might be to Google. However, we shouldn't disallow for the chance that there will be an alternate future where "every little thing you do" is owned by an individual instead of a corporation or multitude of corporations. A personal data store, that companies pay the individual to access, is not inconceivable. It's being created by researchers[1] and start-ups[2] and may be accelerated by privacy laws.
Ballmer certainly deserves more respect. Microsoft is still growing and making significantly more money at higher margins than nearly every other company on the planet.
This article was published in a week where the CEO of a major corporation admitted that he was completely wrong when he called concerns about his bank a "tempest in a teapot" just 4 weeks ago. He called his own company "sloppy" and "stupid" on national television.
The idea that you can mask learned knowledge of a company's strategy by simply not explicitly revealing sensitive information is a difficult concept to wrap my mind around.
It is not possible to unlearn the information. If you are acting as a strategic advisor, the information has to weigh in your mind and you implicitly will end up revealing information, practically subconsciously. A simple case would be where one company explains an experiment they ran (perhaps testing a feature with a small part of their customer group) and the result of the experiment. If the competitive company comes in and says they are thinking of running a similar experiment and explicitly asks the advisors what they think—what is the response given?
I have a hard time understanding how this type of accumulated information could not enter into future judgments the advisors are making. As a management consultant who faces this type of challenge frequently (and overcomes it by avoiding competitive clients and never sharing my work) I am honestly curious how one elevates themselves above this type of subconscious thinking.
It would seem that a number of wealthy folks have an interest in space exploration. Musk has been mentioned, but Peter Thiel has also funded someone pursuing the idea of resource extraction from near Earth asteroids. Granted, it was for the 20 under 20 fellowship, so he is focused more on the research and design component, but nevertheless a fascinating area for wealthy people.
The history lesson on Amazon's business model is important, but the OP has it a bit wrong. The business model innovation was about inverting the cash flow and holding cash instead of inventory. Amazon actually pays suppliers much faster than traditional book retailers, making it better for the suppliers.
Traditional book retailers pay suppliers 90 days after the book enters inventory whereas Amazon averaged about 58 days. The problem for traditional retailers is they held books in inventory (i.e. the book went unsold) for an average of 167 days versus Amazon's 16 days. This resulted in retailers carrying the cost of the book for ~78 days while Amazon was able to hold the float for ~41 days.
The end result of that type of inversion is that Amazon can accept a much lower margin, earn the float on the cash and live off much faster inventory turns than a traditional retailer. This was much more brilliant than "disintermediation" - as another poster has correctly noted, Amazon was an aggregator/replacement, not a true disintermediator.
Basically, if you are building any healthcare tools that could use administrative information from a health insurance company, you should probably be doing it on Eligible's platform.
http://eligibleapi.com