Fierce Healthcare November 6, 2019
With eight months of data under their belts, CVS Health is seeing strong performance out of its early HealthHUB retail stores in the Houston area.
CEO Larry Merlo said on the company’s earnings call Wednesday morning that these concept stores, which dedicate more than 20% of retail space to health services, outperform control retail pharmacies in script volume, MinuteClinic visits, front store sales, foot traffic and store margin.
“Our approach is certainly resonating in the marketplace,” Merlo said.
CVS’ “rapid rollout” of the HealthHUB stores is proceeding on track, he said, with the healthcare giant expanding into three additional metro areas by the end of this year. CVS plans to transform 1,500 of its stores into HealthHUBs by 2021.
Merlo...
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