The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Uber is betting big on health care. What began as an experiment to deliver flu vaccines to people's offices is now a real and growing business for the company in non-emergency medical transportation, which involves helping people get to the doctor's office on time.
To help lead the company into its next phase of growth, it has hired Aaron Crowell, a longtime health consultant, as the head of its health business. It has also added Dan Trigub, a regional vice president of healthcare, from arch-rival Lyft's health care team.
Both companies have honed in on a specific use case in health: Helping people who can't drive or don't have a car get to their medical appointments. An estimated 3.6 million Americans miss their health care appointments every year because they lack reliable transportation options, according to the JAMA Internal Medicine.
In many cases, the cost of the ride will be covered by an insurer, including Medicare and Medicaid plans. As people are getting older, sicker and richer in many developed countries, that presents a big growth opportunity. The size of the medical transportation services market is projected by researchers to reach $42 billion by 2024. Non-emergency medical transportation, where Uber and Lyft are starting out, is a $3 billion market alone.
Uber can provide a window into the ride experience for health system partners, which appealed to Crowell, who comes from a traditional health transportation background.
"I joined Uber because I saw it as having a very unique position," said Crowell, in an interview at Uber's headquarters in San Francisco. "We have a GPS technology for tracking rides that is quite missing from the industry."
Crowell said he sees an opportunity for the service to go international, as there's a need outside of the United States. To get into health care, the company had to comply with federal privacy rules and regulations, known as HIPAA, as well as tweak its product so that patients don't need a smartphone to use it.
Lyft, Uber's main ride-sharing rival, is also staffing up in health care. It brought on former McKesson executive Megan Callahan to its team this month to help it expand its own health transportation offering.
Trigub says he jumped ship because he was impressed by Uber's "passion, commitment and dedication to the product," he said. "Our aging, at-risk and low-income populations, among others, deserve greater access to transportation during the times they need it most."