Walgreens Boots Alliance Inc (WAG) Entering Telehealth Market

May 15, 2015

Charles Rhyee, a Managing Director and Senior Research Analyst covering the health care technology and distribution space at Cowen and Company, says one of the more interesting telehealth models he sees in the current market is clinics forming partnerships in the drug retail channel. For example, he says Walgreens Boots Alliance Inc (WAG) has a partnership with MDLIVE, in which the drugstore chain is piloting a virtual clinic in the back of the store.

“There’s going to be a nurse technician there who can then help you with any type of instrumentation that you need to use, that will send images to the doctor real-time,” Rhyee says.

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People who end up needing a prescription after their consultation can then simply go to the pharmacy desk to pick it up.

“I mean these are the kind of innovative things that I think are starting to happen, and some of that I think investors will get a chance to invest in directly,” Rhyee says.