CVS really wants people to think of it as a one-stop destination for all their health needs.

The pharmacy plans to expand its HealthHub format to 1,500 locations by 2021. The remodeled HealthHub stores will have dieticians, nurse practitioners and lab services, and they will offer on-site treatment for chronic conditions such as diabetes and asthma.

CVS (CVS) made the announcement Tuesday as part of a broader investor presentation. The company launched three HealthHubs in Houston earlier this year as a pilot program. It is now planning HealthHub stores in Houston, Atlanta, Philadelphia/Southern New Jersey and Tampa later this year.

The HealthHub locations will have a lot less shelf and floor space devoted to things like greeting cards and magazines, personal care and beauty aids such as toothpaste and deodorant as well as fewer snack food and beverage options.

 

CVS said it plans to also focus more on the treatment of chronic health conditions, such as kidney disease.

The expansion of its HealthHubs is the latest move by CVS to truly turn itself into a provider of virtually all healthcare products and services that a customer needs.

 

Feeling sick? Come to the HealthHub to see a medical professional. Need a flu shot? Go to one of CVS's Minute Clinics. CVS also offers health insurance through Aetna, which it bought for nearly $70 billion in 2018, and owns pharmacy benefits manager Caremark too.

 

CEO Larry Merlo mentions these HealthHUBS are focused on using technology to expand its reach to consumers, rolling out a program through its mobile app. 

 

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance. 

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Source: https://www.cnn.com/2019/06/04/investing/cvs-healthhub-expansion/index.html

Posted 3:00 PM

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