U.S. Markets open in 5 hrs 7 mins

CVS Health's MinuteClinic Joins EOHN for Workplace Healthcare

Zacks Equity Research

MinuteClinic, the retail medical clinic of CVS Health Corporation CVS, announced a tie-up with the Alere eScreen Occupational Health Network (EOHN). EOHN, an association of clinic partners, is one of the country's third-party administrators of workplace testing.

Firms or companies who make use of Alere eScreen's services can now visit one of the MinuteClinic locations nationwide for required workplace testing as part of their employment. Under the terms of the partnership, employees can access MinuteClinic for a number of services commonly required for employment, such as biometric screenings, vaccinations, Department of Transportation (DOT) physicals and drug testing.

MinuteClinic will have healthcare practitioners specialized in family health care who will be accessible seven days a week. These people can diagnose, treat and write prescriptions for acute illnesses.

CVS Health Corporation Price


CVS Health Corporation Price | CVS Health Corporation Quote

MinuteClinic will be providing many prevention and wellness services including screening and monitoring for diabetes, high blood pressure and high cholesterol, tuberculosis (TB) testing, contraceptive care, motion sickness prevention and smoking cessation. MinuteClinic will also treat minor wounds and abrasions, and sprains, strains and joint pain and can also manage common vaccinations such as influenza, tetanus, pneumonia and Hepatitis A & B. Further, the providers can treat common skin conditions, such as acne, dermatitis and rosacea.

With growing demand for organizational healthcare, the retail clinic market is growing in leaps and bounds. With that in mind, we believe CVS Health is strategically focused on expanding its MinuteClinic business through several new initiatives.

Recent Developments

CVS Health and Cigna Corporation recently announced the launch of Cigna Health Works,a new partnership that aligns Cigna-administered health benefits with CVS Pharmacy and CVS MinuteClinic retail health care services to provide a consumer-friendly experience for Cigna self-funded employer-sponsored health plans.

Recently, MinuteClinic, together with The Department of Veterans Affairs (VA), announced a new initiative that gives access to better quality and convenient health care services for Veterans in Phoenix and surrounding communities.

Zacks Rank & Key Picks

CVS Health currently carries a Zacks Rank #3 (Hold). A few better-ranked medical stocks are Mesa Laboratories, Inc. MLAB, Edwards Lifesciences Corporation EW and Align Technology, Inc. ALGN. Notably, Mesa Laboratories and Edwards Lifesciences sport a Zacks Rank #1 (Strong Buy), while Align Technology carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Mesa Laboratories has a positive earnings surprise of 2.84% over the last four quarters. The stock has added roughly 12.5% over the last three months.

Edwards Lifesciences has a long-term expected earnings growth rate of 15.2%. The stock has gained around 24.7% over the last three months.

Align Technology has an expected long-term adjusted earnings growth of almost 24.1%. The stock has added roughly 33.3% over the last three months.

 More Stock News: 8 Companies Verge on Apple-Like Run  

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Mesa Laboratories, Inc. (MLAB) : Free Stock Analysis Report
Edwards Lifesciences Corporation (EW) : Free Stock Analysis Report
Align Technology, Inc. (ALGN) : Free Stock Analysis Report
CVS Health Corporation (CVS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research