Why a Walgreens exec is betting that retail pharmacies can be a force to change how healthcare’s paid for and delivered
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Walgreens is dialing in its approach to building its healthcare business.
On Oct. 10, the company named longtime Cigna executive Tim Wentworth as its next CEO, bringing in a leader with healthcare experience. Two days later, Walgreens said it plans to make $1 billion in cost cuts — including closing 60 underperforming VillageMD primary care clinics in 2024. As it shuts down brick and mortar care locations, it’s rolling out a new virtual care service in some states later in October.
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