Walgreens Collaborates with Orlando Health - Analyst Blog
30 August 2013 - 11:06PM
Zacks
Walgreens (WAG) and Florida-based Orlando
Health, a not for-profit-healthcare organization, signed a clinical
collaboration that will provide integrated and expanded health care
services to patients throughout Central Florida, with an added
focus on convenience and affordability.
The collaboration will see Healthcare Clinics operating at
conveniently-located Walgreens during evenings and weekends, with
online appointment-scheduling facilities. Orlando Health patients
will receive coordinated Healthcare Clinic facilities for chronic
and preventive disorders.
The collaboration will also facilitate communication between
Orlando Health physicians and Healthcare clinic nurses to
effectively share patient information. Finally, it will ensure
extended patient awareness regarding Orlando Health and Healthcare
Clinic services.
The healthcare industry presents diverse opportunities and the
collaboration will serve Walgreen’s mission to provide customized
and quality healthcare services. Walgreens plans to utilize its
extensive chain of popular retail outlets to deliver superior
medical care, while ensuring better management of patient care
services at the same time. The diverse portfolio of health care
assets of the company is also expected to deliver proper and timely
services to the patients.
The two companies are also interested in exploring options of
sharing electronic medical records to ensure read-only access for
real-time medical data of patients. The execution of such endeavour
thus foresees the need for creating online or call center
appointment scheduling technology.
This collaboration will effectively focus on Central Florida,
Orlando Health being a primary healthcare provider in the region. A
total of 13 Healthcare clinics at select Walgreens in nearby cities
like Orlando, Kissimmee, Apopka, Winter Springs, Clermont, Lake
Buena Vista, Lake Mary, Winter Park and Windermere, Florida have
been shortlisted to offer the services.
Both Walgreens and Orlando Health services are of the opinion
that adoption of new approaches, and building new relationships
will optimally cater to the growing healthcare needs of people,
offering them the best possible medical services at convenient
locations and affordable rates.
Currently, WAG carries a Zacks Rank #3 (Hold). Other stocks that
are worth a look include Supernus Pharma (SUPN)
carrying a Zacks Rank #1 (Strong Buy) GNC Holdings
Inc. (GNC) and Herbalife Ltd. (HLF), each
carrying a Zacks Rank #2 (Buy).
GNC HOLDINGS (GNC): Free Stock Analysis Report
HERBALIFE LTD (HLF): Free Stock Analysis Report
SUPERNUS PHARMA (SUPN): Free Stock Analysis Report
WALGREEN CO (WAG): Free Stock Analysis Report
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