CVS Caremark Corporation'
) retail division - CVS/pharmacy - recently reported the results of
an online survey conducted by the Harris Poll on its behalf in the
U.S. Per the study results, 61% of the adult U.S. population
is oblivious that adults aged 65 years or more require high-dose
flu vaccine to prevent senior influenza.
An influenza vaccine is mostly a free-of-cost service that
lowers the chance of an individual getting infected. As per the
recommendations of the Centers for Disease Control and Prevention
(CDC), everyone aged 6 months and above should get this vaccine to
avoid getting infected.
The Harris Poll Survey
One of the leading market research firms, Harris Interactive's
proprietary weekly column - The Harris Poll - conducted an online
consumer survey between Jul 23-25, 2014 among 2,079 U.S. adults,
aged 18 years and above.
The survey revealed that three among every five Americans are
unaware about the significance of high-dose flu vaccines for
seniors. These vaccines consist four times stronger antigens than
those present in regular ones.
Since senior citizens usually tend to have a weaker immune
system and are more susceptible to developing severe flu-related
complications, they need these high-dose vaccines to inculcate a
Per the study, nearly 30% of Americans influence healthcare
decisions of a senior member of the family and can thereby make
them aware of the need for the vaccine. Evidently, almost 58% of
Americans aged 18-64 agreed to recommend the high dose vaccine to
citizens aged 65 years or above.
According to CDC's estimate, each year, 90% of seasonal
flu-related deaths and over 60% of seasonal flu-related
hospitalizations in the U.S. occur among people aged 65 years and
more. Considering this, it is expected that 63% of those aged 65
years and more will contemplate getting a high-dose flu
CVS Caremark's Flu Vaccines
While CVS/pharmacy is a leading retail pharmacy in the U.S.,
MinuteClinic - the retail medical clinic division of CVS Caremark -
is the fastest growing provider of walk-in retail medical clinic
services in the U.S. Flu vaccines are accessible at both
CVS/pharmacy and MinuteClinic, including high-dose flu shots for
Currently, more than 7,600 CVS/pharmacy stores and 850
MinuteClinics at chosen CVS/pharmacy locations provide flu shots
every day of the week. Additionally, a number of other
vaccinations, including pneumonia and pertussis (whooping cough),
Recently, two MinuteClinic walk-in clinics have been opened in
California's Sacramento area bringing the total count to over 50
locations in California including the Bay Area launch in fall
It has been found that over 35% of Americans who received a flu
shot prefer clinics at a convenient location. With CVS/pharmacy
store and MinuteClinic outlets spread over such a wide region, more
people are expected to come and receive their vaccines on time. Per
the study, 59% of U.S. adults have planned to get the flu shot in
Also, CVS/pharmacy and MinuteClinic offer flu vaccines at
affordable rates. Additionally, these vaccines are listed under the
Affordable Care Act as a preventive service and are fully covered
through most insurance plans, including Medicare Part B.
CVS/pharmacy and MinuteClinic can directly bill many national and
regional health plans that cover all or part of the flu shot
Moreover, customers will receive 20% discount on the
CVS/pharmacy Shopping Pass once they get a flu shot at CVS/pharmacy
or MinuteClinic. The Shopping Pass can be used with the
CVS/pharmacy ExtraCare Rewards card to save 20% on non-pharmacy
purchases up to $100.2.
Currently, CVS Caremark carries a Zacks Rank #3 (Hold). Some
better-ranked stocks in the broader medical sector include Alphatec
Holdings, Inc. (
), RTI Surgical Inc. (
) and Bacterin International Holdings, Inc. (
). While Alphatec and RTI Surgical sport a Zacks Rank #1 (Strong
Buy), Bacterin holds a Zacks Rank #2 (Buy).
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