Walgreens launches a health division and announces that it will spend $5.2 billion to open 1,000 Village Medical at Walgreens primary care practices by 2027. The VillageMD-staffed practices will open across 30 US cities, primarily in underserved areas.
The retailer’s relationship with VillageMD began in 2019 with the piloting of five co-located clinics in Houston; and strengthened a year later with new clinics, a $250 million investment, and news of a longer-term expansion plan that is now being fully fleshed out.
Walgreens has increased its ownership stake in the company from 30% to 63%. VillageMD, which has developed proprietary technology as part of its value-based care offerings, remains a standalone company with plans to IPO sometime next year.
October 28 (Thursday) 1 ET. “A New Streamlined Approach to Documentation and Problem List Management in Cerner Millennium.” Sponsor: Intelligent Medical Objects. Presenters: Deepak Pillai, MD, physician informaticist, IMO; David Arco, product manager, IMO; Nicole Douglas, senior product marketing manager, IMO. IMO and Cerner announce the launch of the IMO Core CSmart app, an in-workflow offering to improve clinical documentation and problem list management in Cerner Millennium. The presenters will review the challenges and bottlenecks of clinical documentation and problem list management, discuss how streamlined workflows within Cerner Millennium can reduce clinician HIT burden, and demonstrate how IMO Core CSmart can help clinicians document with ease and specificity, improve HCC coding, and make problem lists more relevant. Additional sessions will be offered on November 17 and December 1.
Acquisitions, Funding, Business, and Stock
GoCheck raises $10 million in a funding round led by Hatteras Venture Partners and Pisgah Fund. The company’s digital vision screening technology is used globally by 6,500 pediatric teams.
Leonard Green & Partners sells membership-based healthcare provider network MDVIP, which it acquired four years ago, to Goldman Sachs and Charlesbank Capital.
Amazon Care Director Kristen Helton tells HLTH attendees that the online retailer will expand its Amazon Care service for employers to several new cities. Patients can access virtual primary and urgent care, as well as several in-home services. The company plans to expand to 20 cities by 2022.
Announcements and Implementations
Occupational healthcare company Marathon Health launches a virtual primary care service for employees that includes telemedicine, remote patient monitoring, and care navigation and coordination.
Puerto Rico-based telemedicine company Tu Salud Virtual adopts GenieMD’s white-label remote patient monitoring technology.
GeniusRx adds telemedicine and cost transparency and savings capabilities to its online prescription delivery service.
Fitness company CrossFit will launch Precision Care, a subscription-based telemedicine service that offers its members access to physicians and health coaches. CrossFit is working with personalized medicine company Wild Health to launch the program. The new service is the brainchild of new CEO Eric Roza, who is looking to help the company add healthier elements to its brand of hard-core workouts.
More news: HIStalk.