The Forbes healthcare summit had a speaker.
Forbes.
Walgreens Boots Alliance is pushing into primary care and post-acute services in order to keep people healthy, engaged in their nutrition and return to the healthcare system.
Brewer spoke at the Forbes healthcare summit Thursday morning, saying that the roll out of hundreds of physician-staffed clinics attached to Walgreens drugstores will keep people from returning to the system of healthcare.
Walgreens has invested another $5.2 billion in VillageMD since Brewer became chief executive officer of Walgreens Boots Alliance.
In an interview, Brewer said that 45% of Walgreens stores would be able to provide primary care for people who live within five miles of 75% of the homes in the United States.
There are eight exam rooms with two physicians and a staff in the lobby. They can do the testing for you when they take a blood sample or urinalysis and you can manage that right in the building and get your script done. That is our goal.
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The investment gives Walgreens a majority stake in VillageMD, which is planning to go public next year. VillageMD received a $1 billion investment from Walgreens last year.
Brewer disclosed in October that Walgreens is making a $330 million investment in CareCentrix, which will be operated under Walgreens Health. Walgreens said that the CareCentrix investment has an option to raise the stake in the future.
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Brewer told Forbes at Thursday's summit that if you believe in wrap-around services and how they can make change happen in your lifestyle, it's a game-changer. That is who we want to be. Our physical assets will be important to us.
Brewer said that new physical assets along with a digital strategy to help patients adhere to their medications and follow medical care provider directives will help improve health outcomes and reduce costs.
Brewer said the problem is access to good healthcare. It is to do it cost effectively.
