Business
Walmart’s Influence in the Healthcare Sector; Spreading Health and Wealth as Vendors Capitalize on Spending
Walmart’s Influence in the Healthcare Sector; Spreading Health and Wealth as Vendors Capitalize on Spending.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering technology and healthcare stocks releases a snapshot looking at increased quarterly sales for the sector thanks, in no small part, to Walmart.\n CNBC has reported on how Walmart is looking for ways to reduce health-care costs for its customers, and its employees. It’s goal to take a leading role in healthcare is now spreading and is having an impact on the sector overall. Multi-year deals with Walmart are impacting stocks in the sector, ranging from big companies like CVS Health Corporation reporting in mid-January, ”Walmart to Continue Participating in CVS Caremark Commercial and Managed Medicaid Retail Pharmacy Networks,” to smaller vendors making inroads with the retail giant. Directly benefiting from its relationship with Walmart, InnerScope Hearing Technologies Inc. (OTC: INND), a manufacturer and Direct-to-Consumer distributor/retailer of FDA-Registered Hearing Aids, announced yesterday that its quarterly sales rose 281% in the quarter ending December 31, 2018 and that this increase reflects the revenue compared to Q3. \"Today's announcement of our record-setting sales growth is in part from InnerScope's vendor relationship with Walmart.com and the development of multiple Direct-to-Consumer hearing aid sales channels, including the launching of several eCommerce DTC websites, as well as opening several corporate owned audiological hearing aid retail clinics,\" said Matthew Moore, CEO InnerScope Hearing Technologies. \"Our national footprint has grown in the last quarter, in part by securing our manufacturing agreement with Zounds Hearing Inc. which played a major role for our record-setting sales by offering high quality patented hearing aids at 50% to 70% less than any of our competitors,\" continued Mr. Moore. Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services partnered with Walmart as early as 2017. The Company announced that it will report fourth quarter and full year 2018 results on Thursday, February 14, 2019, before the market opens. Available in 48 states to consumers, Quest Diagnostics has long been a leader in the movement for consumer empowerment in healthcare. The company further expanded convenient access to testin...