That next visit from one of Best Buy's Geek Squad workers might not be for help with a television or to install a speaker but instead to learn about a blood pressure cuff or set up a pulse oximeter, which then sends readings straight to a doctor.
Best Buy's foray into technology assistance for at-home health care patients has publicly reported its first signs of success, giving the Richfield retailer proof it can further expand into the health care services realm. As part of a pilot partnership with Pennsylvania-based Geisinger Health System to help monitor patients with long-term chronic illnesses, Geek Squad members were able to significantly reduce the amount of time it took to set up a patient's at-home care while at the same time increasing their use of the monitoring devices.
This has helped validate Best Buy's decision to start a health division so it can leverage its knowledge and technology as an asset to health care providers while branching beyond the electronics and appliances for which it's known.
That's a necessary change for Best Buy, which has seen a lull in tech demand that has resulted in a decline in sales through the past two years. The at-home health care market can be a valuable lifeline for the future viability of the company, as it has much more consistent demand.
"The rest of the business is shrinking," said Mike Baker, a senior retail analyst with D.A. Davidson. "… [Health] is becoming that much more important for Best Buy.
Making a difference
From an internal study, Best Buy found its Geek Squad members made a tangible difference in the Geisinger program. Geek Squad members were able to set up medical devices considerably quicker than usual, leading to a 50% reduction in time — down from an average of 96 hours to 48 hours — from admission to beginning remote monitoring. There was also a 19% increase in how well patients followed their care plans by using their devices consistently and an 18% reduction in technical issues. Patients also gave the program a high Net Promoter Score, which quantifies customer loyalty and satisfaction.
"When we look at chronic disease management programs … we see it as a logistics challenge," said Deborah Di Sanzo, president of Best Buy Health. "And this was really our test of, 'Is this a logistics challenge where Best Buy can make a meaningful difference?' And what the results from 300 patients show us is, 'Yes.' "