I kept digging and found CVS is no longer with Tel
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Posted On: 10/18/2022 12:38:08 PM
I kept digging and found CVS is no longer with Teladoc, they have their own programs, it appears they done 2 3 year contracts with Teladoc ending in Aug. 2021
Walgreens and CVS Take on Teladoc
Both major pharmacy chains want to offer in-person medical care, but they're taking somewhat different approaches.
The doctor will see you now.
Telemedicine has changed the game when it comes to how many Americans get some of their medical care. The problem remains that a virtual doctor's visit can't solve every problem. Online doctors can't draw blood, take your blood pressure, test for Covid, or do so many other basic things.
Teladoc (TDOC) may have made certain types of healthcare more accessible for millions of Americans, but healthcare still requires in-person visits and both CVS Health (CVS) and rival Walgreens (WBA) want to fill some of the space that Teladoc and telemedicine can't.
Both CVS and Walgreens see a demand for more in-person healthcare at the community level. Both chains have over 9,000 U.S. locations with a presence in most major cities. That makes the two chains very well-located when it comes to offering in-person healthcare services.
CVS has been building out its Minute Clinics -- walk-in centers that offer basic medical care for minor healthcare needs and ongoing monitoring among other services, The pharmacy company has paired that with its own telemedicine service, according to CEO Karen Lynch's comments during her company's third-quarter earnings call
https://www.thestreet.com/investing/doctor-ne...on-teladoc
Walgreens and CVS Take on Teladoc
Both major pharmacy chains want to offer in-person medical care, but they're taking somewhat different approaches.
The doctor will see you now.
Telemedicine has changed the game when it comes to how many Americans get some of their medical care. The problem remains that a virtual doctor's visit can't solve every problem. Online doctors can't draw blood, take your blood pressure, test for Covid, or do so many other basic things.
Teladoc (TDOC) may have made certain types of healthcare more accessible for millions of Americans, but healthcare still requires in-person visits and both CVS Health (CVS) and rival Walgreens (WBA) want to fill some of the space that Teladoc and telemedicine can't.
Both CVS and Walgreens see a demand for more in-person healthcare at the community level. Both chains have over 9,000 U.S. locations with a presence in most major cities. That makes the two chains very well-located when it comes to offering in-person healthcare services.
CVS has been building out its Minute Clinics -- walk-in centers that offer basic medical care for minor healthcare needs and ongoing monitoring among other services, The pharmacy company has paired that with its own telemedicine service, according to CEO Karen Lynch's comments during her company's third-quarter earnings call
https://www.thestreet.com/investing/doctor-ne...on-teladoc
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