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As Walgreens Melds Doctors And Pharmacies, Prescription Business Takes Off

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Walgreens multi-billion dollar investment in VillageMD doctor-staffed clinics attached to drugstores is paying off with a boost to the pharmacy chain’s prescription business.

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One of the ideas behind building physician-staffed clinics next to Walgreens via its partnership with VillageMD is the ease by which a patient could get its first prescription by walking a few steps next door to get it filled. Not to mention the additional services, consultations and related primary care needs provided by a pharmacist and a doctor all in one location.

“We are seeing benefits on the Walgreens side from our partnership with VillageMD,” Walgreens Boots Alliance executive vice president and global chief financial officer James Kehoe told analysts last week on the“Roughly 50% of patients had co-located VillageMD clinics opt to get their prescriptions filled at Walgreens,” Kehoe added.

 

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