Strategic partnership on track to open at least 600 primary care practices in more than 30 U.S. markets over the next four years
DEERFIELD, Ill. & CHICAGO, July 08, 2021– (BUSINESS WIRE) – Walgreens Boots Alliance (Nasdaq: WBA) and VillageMD today announced their intention to open 29 new Village Medical practices at Walgreens in Houston, Austin and El Paso this year. The strategic partnership is on track to meet its overall goal of opening at least 600 Village Medical at Walgreens in more than 30 U.S. markets over the next four years, with the intention of building hundreds more through the after. The expansion is part of a $ 1 billion accelerated investment effort announced in January 2021 to deliver high-quality healthcare to patients, with Village Medical primary care physicians and Walgreens pharmacy services through an integrated care delivery model.
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Village Medical at Walgreens. (Photo: Business Wire)
âThis strategic partnership between Walgreens and VillageMD demonstrates our continued commitment to the care and well-being of our patients, and we are delighted to expand our primary care and pharmacy service offerings in Texas,â said Jamie Vortherms, vice -President of health services. , Walgreens. “With the opening of these Village Medical facilities in Walgreens, we are providing convenient access to personalized, high quality and coordinated care.”
By relying on the doctor and pharmacist under one roof, patients benefit from better health outcomes and reduced healthcare costs. These benefits help patients take the right medications and the right doses at the right time, removing barriers to accessing primary care and pharmacy by having them all in one place.
In Austin, El Paso and Houston, there are over 825,000 patients within five miles of a new or planned medical village at Walgreens who are over 65, further underscoring the need for accessible health care. and quality.1
âWith Village Medical’s primary care services and Walgreens pharmacy services delivered through an integrated care model, we facilitate regular and direct communication with patients, helping to improve health outcomes and affordable care,â said Clive Fields, MD, Co-Founder and Chief Medical Officer, VillageMD. âWe are excited to expand these offerings to Texas so residents can manage their chronic illnesses and focus on the health and activity of members of their community.
Additionally, the companies have extended their coordinated care model to allow Village Medical patients to access the same type of pharmacy services, including between-visit renewals, medication substitutions, and full consultations, from some Walgreens sites that do not have a co-located Medical Village. This program has been launched at all collocations and is rolling out at nine additional sites in the Houston and Phoenix areas. With Walgreens being able to digitally access Village Medical information, patients can receive the same kind of coordinated care as they would in collocations, including saving time on prescription renewals, navigating insurance coverage, find cheaper drug alternatives and manage co-payment costs.
The COVID-19 pandemic has highlighted many barriers to accessing care, including the various challenges patients face as they navigate an already complex healthcare environment. The care offered by the integrated Village Medical at Walgreens model is now more important than ever, especially for chronically ill patients. Six in ten Americans live with at least one chronic illness, many of which need multiple medications a day.2 In Texas, chronic disease continues to be the top three causes of death, underscoring the importance of this streamlined approach for patients to receive coordinated, cost-effective and convenient health care.3
Village Medical facilities at Walgreens accept a wide range of health insurance options, providing cost-effective, comprehensive primary care and coordinated pharmacy services to meet all healthcare needs. Patients can access care and support through in-person, home visits, and telehealth.
To learn more about Village Medical at Walgreens Texas services and locations, please visit https://www.villagemedical.com/locations/texas.
For more information as well as multimedia resources, please visit the Walgreens press room.
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail pharmacy, impacting millions of lives every day by dispensing medicine and providing accessible, high-quality care. With more than 170 years of a legacy of health trust and innovation in community pharmacy, the company serves the needs of customers and patients through its convenient points of sale, digital platforms and healthcare products. health and beauty.
Including investments using the equity method, WBA is present in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.
The goal of WBA is to help people around the world lead healthier, happier lives. The company prides itself on its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable market. WBA is a member of the United Nations Global Compact and adheres to its principled approach to responsible business.
WBA is included in the FORTUNE 2021 list of the world’s most admired companies *. This is the 28th year in a row that WBA or its predecessor, Walgreen Co., has been on the list.
More information about the company is available at www.walgreensbootsalliance.com.
* Â© 2021, Fortune Media IP Limited. Used under license.
VillageMD, through its subsidiary Village Medical, is a leading national provider of value-driven primary care services. VillageMD partners with physicians to provide the tools, technology, operations, personnel support, and industry relationships to deliver high quality clinical care and better patient outcomes, while reducing the burden on patients. total cost of care. The Village Medical brand provides primary care to patients in traditional independent clinics, Village Medical in Walgreens clinics, at home and via virtual visits. VillageMD and Village Medical have grown to 15 markets and are responsible for over 1.6 million patients. VillageMD is also the largest participating sponsor of CMS’s new direct contracting program and estimates that it serves more than 56,000 patients. For more information, please visit www.villageMD.com.
Caution Regarding Forward-Looking Statements. All statements contained in this press release that are not historical are forward-looking statements made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risk, assumptions and uncertainties, including, but not limited to, those related to the timing and effectiveness of collaboration plans and implementation, the ability to realize the expected benefits of the strategic partnership, competitive actions in the market and the ability to achieve expected financial and operating results in the amounts and at the times expected, as well as those described in Item 1A (Risk Factors) of Form 10-K of Walgreens Boots Alliance, Inc. for its fiscal year ending August 31, 2019 and Form 10-Q for its fiscal quarter ending February 29, 2020, and others documents that Walgreens Boots Alliance, Inc. files or provides to the Securities and Exchange Commission. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results could vary significantly. These forward-looking statements speak only as of the date on which they are made. Each of the Walgreens Boots Alliance, Inc., Walgreens and VillageÂ® does not undertake, and expressly disclaims, any obligation or obligation to publicly update any forward-looking statement after the date of this posting, whether as a result of new information. , future events, changes in assumptions or others.
1 Internal Village Medical data.2 About chronic diseases. Centers for Disease Control and Prevention (CDC). https://www.cdc.gov/chronicdisease/index.htm#:~:text=Six%20in%20ten%20Americans%20live%20with%20at%20least,also%20a%20leading%20driver%20of%20health%20care % 20 costs 3 Texas State Statistics. CDC.
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