The digital economy loves middlemen 

While the internet promised disruption of consumption, middlemen still reign supreme and have a strong hold on online commerce, Kathryn Judge, a law professor at Columbia University argued in a June 9 Atlantic article.

Advertisement

Bill Gates argued in 1995 that the invention of the internet would remove middlemen stating “often the only humans involved in a transaction will be the actual buyer and seller”. That has been far from the truth though. 

From online shopping to ordering food, most consumers go through a middleman service that takes a cut of a sale, instead of ordering directly from the business. New forms of middlemen, like Amazon or DoorDash have increasing power, and are taking more money from both creators, according to Ms. Judge.

While the middlemen services can help customers save time and offer convenience, cutting them out can shift more power into the hands of the creators of the products, argues Ms. Judge.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Beyond the bottleneck: How health systems are improving access, flow and care continuity

Thursday, July 30
1:00 PM - 2:00 PM CDT

Presenters: Imamu Tomlinson, MD, MBA, VituityWilliam Morice II, MD, PhD, Mayo Clinic LaboratoriesJordan Dale, MD, Houston MethodistAsh Tengshe, City of HopeChris Klay, MHA, MA, PT, FACHE, Hospital Sisters Health System

Advertisement

Next Up in Digital Marketing

Advertisement

Comments are closed.