CVS announced plans to buy or invest in a primary-care firm before the end of the year, joining a wave of drugstore stores expanding their medical care capabilities.
This approach would supplement CVS’s medical care services in its drugstores. It has introduced MinuteClinic locations in its stores, where consumers may get immunizations or urgent medical treatments. It has also lately introduced mental health services in certain of its outlets.
The corporation wants to extend the hours of its doctor’s offices so that patients may come in as early as 6 a.m., as late as 9 p.m., or on weekends. It also aims to use simple, simplified technology so that clients don’t have to fill out mountains of paperwork.
According to Lynch, CVS has a competitive advantage due to the scale of its business.
“Nearly 4.8 million clients interact with us every day as CVS sites,” Lynch added, “making us a significant community health destination.”
Lynch also stated that traffic at CVS’s MinuteClinics had increased by 12 percent this year, with over 2.8 million patient visits so far.
CVS has competition in this market from Walgreens Boots Alliance, which is collaborating with VillageMD to create hundreds of medical offices.
