Chain Drug Review, April 29, 2019
State of the Industry The Chains Aurora Pharmacy Advocate Aurora Health to employ Foxconns tech MILWAUKEE Advocate Aurora Health last summer Aurora Pharmacy announced a multifaceted collaboration with Foxconn Health Technology Business Group focused on tech innovations and integration to drive health care in the future and improve outcomes while lowering costs for individuals and employers Together the organizations are leveraging Foxconns emerging technologies coupled with Advocate Auroras population health capabilities to transform care delivery The organizations cited three key focus areas building a smart city connectivity infrastructure enhancing preventive care and employer based wellness programs and investing in precision medicine and transformational training programs for a clinical team of the future The smart city concept seeks to link consumers available health fitness and dietary data across home work mobile community and clinical environments It will leverage Foxconn platforms to connect and display information for patients and doctors across an integrated highly secure provider network in the same way average consumers connect their financial accounts or other data across different systems into one access point on their smartphone Developing an intelligent network of connectivity between health care support entities pharmacies nursing homes ambulances and federally qualified health centers among others supports wellness outside the hospital increases efficiency and drives down health care costs Technology will play a critical role in the future of health and wellness noted Dr Nick Turkal co president and cochief executive officer of Advocate Aurora We are excited about not only what we can do together to benefit our patients and communities here locally but how our combined capabilities could potentially have a positive impact on wellness globally TOP EXECUTIVES Dr Nick Turkal copresident co CEO Jim Skogsberg copresident co CEO HEADQUARTERS 750 W Virginia St Milwaukee Wis 53204 Phone 262 787 2136 Website advocateaurorahealth org INDUSTRY RANK 25 in sales 21 in stores Full year results Sales 280 million Net earnings N A Comparable store sales N A Number of drug stores 68 Number of states operating 2 Number of stores opened in 2018 N A Number of stores closed in 2018 N A Number of stores planned for 2019 N A Average store size 3500 sq ft freestanding 1000 sq ft clinic pharmacies Distribution Warehouse Other businesses hospital pharmacies CDR estimate N A Not available CLAIMS BASED ON TRADITIONAL HOMEOPATHIC PRACTICE NOT ACCEPTED MEDICAL EVIDENCE NOT FDA EVALUATED 206 Chain Drug Review April 29 2019
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