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Rite Aid COO on the future of healthcare amid the coronavirus pandemic - Business Insider

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Rite Aid was in the middle of a turnaround plan when the pandemic hit. A top exec shares how it accelerated the pharmacy chain's move online.

Rite Aid, one of the largest pharmacy chains in the US, was in the middle of a turnaround plan when the coronavirus pandemic hit.

Rite Aid is working to recover from the aftermath of a 2015 plan to merge with Walgreens that was eventually scaled back. Ultimately, Walgreens acquired some of the chain's drugstores,The company's analyst day, when it presented its plans for a turnaround, fell on March 16, the day most hospitals halted elective surgeriesaround the US in anticipation of a surge of patients battling COVID-19, the disease caused by the novel coronavirus.

Nurse practitioners who once treated patients inside Rite Aid retail clinics moved to virtual visits.

 

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Virus losing traction in news cycle stock market soaring again one way we can tell that worst of outbreak over. We forecasted in March peak cases by April 20 bottoming out by June 10 using global data and neural net software

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