Uber files for IPO: 5 healthcare notes

Uber released its S-1 form April 11 in preparation to go public.

The ride-share company plans to sell $10 billion in stock. Sources told Reuters the sale could value Uber at up to $100 billion, lower than the $120 billion initially expected by investment bankers due to the poor performance of Lyft's IPO. Uber lost $1.8 billion in 2018, excluding some transactions, The New York Times reports.

Five notes on Uber's role in healthcare:

  1. Uber began its healthcare journey in March 2018 with the launch of Uber Health, which allows healthcare providers to arrange scheduled and on-demand rides for patients with and without smartphones.
  2. Uber Health's application programming interface can be integrated into existing healthcare software or used on any internet-enabled device.
  3. The service is HIPAA-compliant. Here's how HIPAA applies.
  4. The company sees healthcare laws and regulations as a potential area of risk as it continues to expand its nonemergency medical transportation offerings.
  5. The company faces a greater uphill battle on brand perception than its competitor, Lyft, which it references in the IPO. It currently faces a number of investigations and other inquiries, including one alleged case of inappropriately accessing a rape victim's medical records.

For more on ride-sharing in healthcare, check out why some medical professionals oppose it, and four notes on Lyft's healthcare work.  

 

More articles on health IT:

Theranos granted 5 new patents
Northwell Health physician wins $1M grant for clinical decision support tool
New tech is sparking a revolution for the healthcare revenue cycle — 2 experts explain why

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months