CVS to Open 1500 HealthHubs and Build a Robust Technology Infrastructure
06 Juin, 2019, 19:08 | Auteur: Yves Courtet
In April, the company announced it was partnering with provider group VillageMD to open primary care clinics next to five Walgreens stores in the Houston area. With the new format over 20% of the store is now dedicated to health services, including new durable medical equipment (DME) and supplies and new product and service combinations for sleep apnea and diabetes care.
The company plans to convert a total of 50 stores this year in Houston, Atlanta, Philadelphia, and Tampa, representing about 15% of the stores in each of the markets, it said ahead of a meeting on Tuesday with Wall Street analysts and investors in NY.
CVS shares closed higher for a second consecutive trading session in NY on Tuesday.
The stores are meant to offer more care delivery services than the company's existing MinuteClinics and boost preventive care thereby reducing medical costs by managing existing conditions outside of the hospital and personalizing pharmacy services.
HealthHUB's wellness-oriented retail pharmacy locations in Houston, which launched in November, include a MinuteClinic, on-demand health kiosks measuring blood pressure, weight and BMI and in-house community spaces where CVS hosts wellness education and activities like yoga.
The company said during its pilot phase customers accepted help from our care concierge in more than 95 percent of recorded interactions beyond a greeting, with 60 percent resulting in engagement with a HealthHUB provider or offerings. CVS will deploy that data across the organization to create a holistic view of the patient, which will offer insights on how to communicate with the patient most effectively, including providing the next best action they can take to improve their health.
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"The CVS-Aetna deal is popularly described as a vertical merger involving two large companies that don't operate in the same markets".
Though Leon has yet to give the final go-ahead for the merger, citing antitrust concerns, CVS and Aetna are already operating as a combined entity.
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"We have an aging population", Walgreens executive Dr. As a group, analysts expect that CVS Health Corp will post 6.84 earnings per share for the current fiscal year.
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