Amwell and CVS Health collaborate to power virtual care offerings

Health and Wellness Informatics News

The services would allow customers to access healthcare through their smartphones and virtual platforms.

CVS Health, retail drugstore, and Amwell have announced collaboration. Amwell would power CVS Health’s virtual primary care. This step is CVS Health’s attempt to make its presence known in the virtual space as well.

The CEO of Amwell, Dr. Ido, announced during the company’s second-quarter earnings call.

The virtual care service would allow customers access to primary and on-demand care. Behavioral health and chronic condition management will have access as well. CVS Caremark members can access the service on-demand from their phones. CVS claims that this would help customers gain better healthcare facilities.

“A single integrated experience with a unified digital front door.”, described Schoenberg about the new virtual care platform.

CVS Health also filed a trademark to sell goods and services in the metaverse, a network of the three-dimensional virtual world.

However, CVS plans on selling non-virtual goods and services through metaverse as well.

CVS Health has said that they want to trademark their logo as well. In addition, they want to expand into the online world where customers can download goods and services virtually. The customers can also download prescription medicines, beauty products, and self-care products.

The company plans on transitioning some of its services to the virtual platform. For example, they plan on making nutrition services, non-emergency services, and health-lifestyle advice online.

CVS Health plans on expanding its presence in the virtual world. The first step is the virtual care services. They have also announced the closure of 900 physical stores to strengthen their presence online. They plan on providing more services in the remaining offline stores.

CVS Health made a profit of 2.3 billion dollars in the first quarter of the year. It is a slight increase from last year, 2.2 billion dollars. The company beat the industry expectations with profits in the first quarter.

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