CVS Health's MinuteClinic Joins EOHN For Workplace Healthcare

MinuteClinic, the retail medical clinic of CVS Health Corporation (NYSE: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.

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 (NYSE:CI) 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. (NASDAQ:MLAB) , Edwards Lifesciences Corporation (NYSE:EW) and Align Technology, Inc. (NASDAQ: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.

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