Category: CVS Health

  • CVS Health Looking To Enhance Capabilities Through Home Health Care

    CVS Health (NYSE: CVS) is one of many large corporations that have expressed a desire to revolutionize the “consumer experience” in health care. To do so, the company will continue to try to enhance its health service offerings in three categories: primary care, provider enablement and home health care. CVS Health CEO Karen Lynch reiterated […]

  • What Major Primary Care Deals Mean for In-Home Care Operators

    There are multiple big-time, primary care deals on the horizon.  And the names tied to those deals are behemoths in size and influence. They are also tied heavily to the home-based care space. This week, stocks were jumpy for Cano Health Inc. (NYSE: CANO) and 1Life Healthcare Inc. (Nasdaq: ONEM), the parent company of One […]

  • FirstLight Home Care Names New CEO; DispatchHealth Hires New Leader

    FirstLight Home Care names new CEO FirstLight Home Care’s president of one year has also been named as the company’s CEO. Glee McAnanly, named president last year, will serve as the new CEO and will also handle executive leadership duties. “Since her promotion to president more than a year ago, Glee has been building the […]

  • Aetna Finds Value in Home-Based Care Providers Willing, Able to Share Data

    Aetna is one of the most influential health care companies in the country. It’s also heavily invested in home-based care. Aman Gill, Aetna’s director of product strategy and innovation, told Home Health Care News last month that a home health acquisition was “on the table” for the company. This past week, at HHCN’s VALUE event, […]

  • CVS Health Launches New Virtual Primary Care Platform

    What You Should Know: – CVS Health launches of its new Virtual Primary Care solution on a single digital platform for a more coordinated and consumer-centric health care experience. – The new offering, which is being sold to Aetna fully-insured, self-insured plan sponsors, and CVS Caremark clients now, will become effective for eligible Aetna members starting January 1, 2023, and for eligible […]

  • Home-Based Care Acquisitions, Partnerships Both on Table for CVS Health

    CVS Health (NYSE: CVS) has become one of the most interesting home-adjacent health care players since its investor day last December. It’s possible that the “adjacent” tag will soon be dropped, and the company will be squarely in the home-based care space. “We are diversifying our growth portfolio with new health services,” CVS Health President […]

  • Biofourmis Secures $300M to Expand Virtual Care Offerings

    Kuldeep Singh Rajput, Founder & Chief Executive Officer of Biofourmis What You Should Know: – Biofourmis, a global leader in virtual care and digital medicine raises $300 million in Series D investment led by leading global growth equity firm General Atlantic. CVS Health and existing investors also participated in the round, – Biofourmis also announced that […]

  • CVS Health Releases Drug Trend Report

    What You Should Know: – CVS Health released their Drug Trend Report, examining the drivers of overall and specialty drug trend through the first three quarters of 2021. Data were calculated on a cohort of 1,014 PBM clients—employers and health plans—covering approximately 22 million lives. – The report details how CVS Health delivered an overall drug trend of 2.4% for commercial PBM clients, with 35.9% having a negative trend. Key […]

  • CVS, Medable alliance aims to tackle diversity in clinical trials

    CVS Health has said it will beef up its clinical trials operations, improving its ability to recruit patients from a broad demographic spectrum, via an agreement with digital health company Medable. CVS will harness Medable’s decentralised trials software, deploying it in thousands of CVS  MinuteClinics across the US, to create a network that could unlock […]

  • CVS Health Flirts with Idea of Expanding into Medicare Home Health

    CVS Health (NYSE: CVS) mentioned home-based care from time to time when discussing strategy pre-2020. Over the last two years, however, those mentions have become anything but rare. And when an analyst asked on the company’s fourth quarter earnings call whether CVS may get further into Medicare-based home health soon, CVS Health CFO Shawn Guertin […]

  • CVS Health Taps Medable to Bring Decentralized Clinical Trials to Pharmacies Nationwide

    What You Should Know: – Medable and CVS Health announced a strategic collaboration that will make clinical research more accessible to patients of all demographics. Using Medable’s decentralized trial platform available to CVS Health’s thousands of community MinuteClinics nationwide, most people will be within just five minutes of a decentralized clinical trial research site – […]

  • CVS Health, Uber Health Collaborate to Advance Health Equity in Communities Nationwide

    What You Should Know: – CVS Health (NYSE: CVS) announced a collaboration with Uber Health, Uber’s healthcare arm, to provide free transportation through a new Health Zones initiative to people who need it most when seeking access to medical care, work, or educational programs. – CVS Health and Uber Health will help eliminate a critical […]

  • CVS Health and Microsoft alliance: an example of an extended partnership

    Microsoft and CVS Health have announced a new strategic alliance focusing on personalised care and accelerating digital transformation for the benefit of CVS customers and its employees. David Rhew, MD, global chief medical officer and VP of healthcare at Microsoft, tells us, “Using Microsoft technology, CVS Health will develop a more agile, digital-first technology foundation.” […]

  • ‘We Are Making Very Bold Moves’: CVS Health Targets Home Health, Primary Care Investments

    In December, CVS Health (NYSE: CVS) shared its strategy for “revolutionizing” the consumer experience through its primary care, payer, digital and omnichannel health services offerings, including home health care. President and CEO Karen Lynch doubled down on that agenda while speaking at the 40th Annual J.P. Morgan Healthcare Conference Tuesday morning. “As I said in […]

  • Retail Giants Ready to Disrupt the Home-Based Care Ecosystem

    As I tried to fall asleep the other night doing the 21st century version of counting sheep – listening to a podcast, of course – I heard an advertisement about home care. The ad was placed on a popular sports show from CVS Health (NYSE: CVS). Among a few other things, it featured the idea […]

  • CVS Health Looking to ‘Expand Home Health Services’

    CVS Health (NYSE: CVS) said on Thursday that it plans to take another step into the home health care space. The company laid out its strategy for the coming years at its 2021 investor day. Its at-home care strategy is no longer on the outskirts of its overall goals, leadership explained. “Now is the time […]

  • CVS details plans for primary care centers 

    At its first investor day since the start of the pandemic, CVS Health detailed plans to open primary care centers and integrate them with its other health services. At the same time, CVS plans to close 900 stores as it focuses on this new strategy.

  • Aetna Medicare CMO Outlines Aging-in-Place Agenda

    America’s biggest health care companies continue to focus on home-based care and aging in place as 2022 approaches. That includes CVS Health Corporation (NYSE: CVS) subsidiary Aetna. Among its home- and community-based care initiatives, Aetna is doubling down on the use of telehealth and leaning into the CVS HealthHUB network, which offers seniors a range […]

  • Microsoft and CVS Health Partner to Accelerate Personalized Care Experience

    What You Should Know: CVS Health and Microsoft announce a new strategic alliance to reimagine personalized care and accelerate digital transformation. CVS Health (NYSE: CVS) and Microsoft Corp. (NYSE: MSFT) today announced a new strategic alliance focused on developing innovative solutions to help consumers improve their health while empowering over 300,000 CVS Health employees – […]

  • CVS Pharmacy “Talking” Prescription Labels Now Available Nationwide

    What You Should Know: – CVS Pharmacy today introduced Spoken Rx, its proprietary audio prescription label solution developed in collaboration with the American Council for the Blind, now available in all of its nearly 10,000 locations nationwide.   CVS Pharmacy, the retail division of CVS Health (NYSE: CVS) is now offering Spoken Rx™, its proprietary audio prescription label solution, in all its nearly 10,000 pharmacy locations […]

  • CVS sees opportunity to influence cost of care with primary care push

    CVS recently launched a virtual primary care plan through a partnership with Teladoc, and is redesigning its stores to offer a broader array of health services. In an earnings call, CEO Karen Lynch said the company is starting to get traction with its new insurance plan designs. 

  • Why Sutter Health, CVS See the Home as a ‘Mainstream’ Site of Care

    On the same day a CVS Health (TKTK) executive emphasized the company only invests time and resources in its most fervent business beliefs, another exec ambitiously spoke about its at-home care plans. Speaking at HLTH this week, executives from CVS and other health care organizations joined in a discussion about managing chronic conditions in the […]

  • CVS Health Executive: ‘Underestimate Amazon at One’s Peril’

    The retail giants are getting — either indirectly or directly — into home-based care. That matters, because if they didn’t firmly believe in it, they wouldn’t be paying any mind to it at all. “We’re a $270 billion company. … You have to pick what you’re going to spend your time on,” Alan Lotvin, the […]

  • HIMSS21 Day 2 Roundup: CVS Health Virtual Primary Care, M&A Activity, Funding, More

    Raintree Systems Mourns the Passing of its CEO, Richard Welty Raintree Systems, a software development company that provides value-based solutions for the healthcare industry, announces the passing of the company’s Founder and CEO, Richard Welty. Terrence Sims, former Chief Operating Officer and current President of Strategic Growth & Marketing has been appointed Interim CEO.  Mergers & […]

  • CVS Health Rolls Out Nationwide Virtual Primary Care Solution

    What You Should Know: – Aetna, a CVS Health company, today announced the launch of Aetna Virtual Primary Care, which reimagines the primary care experience and makes it easier for people to get the health services they need, anytime, anywhere.  – Aetna Virtual Primary Care is powered by Teladoc Health’s longitudinal, physician-led care team model, and […]

  • CVS Health Launches Clinical Trial Services Business for Investigational COVID-19 Vaccines & Treatments

    What You Should Know:  – Today, CVS Health announced the launch of a new Clinical Trial Services business, driving greater access to clinical trials across the communities CVS Health serves and creating a more efficient, convenient experience to improve participant retention and research effectiveness. – CVS Health collaborated with the pharmaceutical industry to help facilitate clinical trials […]

  • CVS Health Expands Return Ready Vaccine Clinics to Accommodate Small Business & Schools

    What You Should Know: – Today, CVS Health announced that it will expand Return Ready, the company’s comprehensive COVID-19 solution that helps employers and schools return and maintain healthy communities, with scalable vaccine clinics to accommodate smaller workplaces/communities and schools given the Food and Drug Administration (FDA) emergency use authorization of the Pfizer-BioNTech vaccine for adolescents ages 12 to […]

  • CVS Health Launches Employer-Based COVID-19 Vaccination Program

    What You Should Know: Today, CVS Health announced it recently began administering COVID-19 vaccines at employer-based vaccination clinics through Return Ready, the company’s comprehensive COVID-19 solution that helps employers return and maintain healthy workforces. – With vaccine hesitancy on the rise, federal and state governments are looking to partners, like employers and CVS Health, to help by making […]

  • Aetna Launches Connected Plan with CVS Health in St. Louis Market

    What You Should Know: – The Aetna Connected Plan with CVS Health™ is a first-of-its-kind plan offering that will deliver CVS Health® and Aetna’s combined capabilities in the St. Louis market to help members access care when and where they need it – and at a more affordable price than a traditional plan. – The […]

  • Payers Increasingly Turning to Home-Based Care to Shoulder COVID-19 Costs

    Back in 2018, it felt like the health care sector was on the verge of a massive shift, driven by a desire from payers to better manage their members’ total cost of care with enhanced in-home capabilities. Much of that feeling came from watching Humana Inc. (NYSE: HUM). The Louisville, Kentucky-based health insurer teamed up […]

  • CVS Health Building ‘Home Health Hub’ to Better Care for Seniors

    CVS Health (NYSE: CVS) has allotted ample resources toward home- and community-based care over the past year. It has done so for several reasons, CVS Health leaders point out. For one, investing in home-based care makes it easier for patients to access necessary services during the public health emergency. But CVS Health’s focus on the […]

  • CVS Launches Community-Based Strategy to Address COVID-19 Vaccine Education and Equity

    Source: CVS Health What Should Know: – CVS Health unveils community-based strategy increase access to COVID-19 vaccinations for vulnerable communities and advance vaccine education while combating hesitancy. – The strategy includes a strategic partnership with Lyft to help underserved communities access vaccination appointments by providing free or discounted rides for those in need. CVS Health […]

  • CVS plans to re-enter ACA marketplace in 2022

    After completely exiting the ACA exchanges in 2018, CVS plan to re-enter them in 2022. Last year, enrollment through federal exchanges increased, and Aetna CEO Karen Lynch said the markets have stabilized.

  • CVS Health Launches Senior Medical Alert System, Symphony

    What You Should Know: – Today, CVS Health announced Symphony, a medical alert system designed to keep seniors safe and connected at home. – Symphony consists of a collection of in-home and wearable devices that offer a new at-home experience by connecting a suite of sensors that can monitor for falls, motion, and room temperature […]

  • CVS Health Partners with National Oncology Network to Offer In-Home Chemotherapy

    CVS Health (NYSE: CVS) is partnering with the Cancer Treatment Centers of America (CTCA) to offer in-home chemotherapy to cancer patients. The partnership is a significant next step for at-home cancer care in the U.S., which has lagged behind other countries in the area. Initially, the two entities will provide chemotherapy to clinically eligible and […]

  • CVS Health to Provide In-Home Chemotherapy with Cancer Treatment Centers of America

    What You Should Know: – Today, CVS Health announced a collaboration with Cancer Treatment Centers of America (CTCA) to provide in-home chemotherapy for clinically eligible and fully insured patients. – The program, which leverages CVS Health’s home infusion service, Coram, and CTCA’s expertise as a top oncology care provider, aims to minimize immunocompromised patients’ exposure […]

  • Amazon, CVS Health, Thermo Fisher Scientific Form Alliance for Employer-based COVID-19 Testing

    What You Should Know: – Amazon, CVS Health, Thermo Fisher Scientific join forces to promote employer-based testing As part of a comprehensive COVID-19 testing strategy. – The coalition, named Workplace Employers Alliance for COVID-19 Testing (WE ACT), believes that employer-based testing programs are essential to keeping employees safe during the current public health emergency. – […]

  • Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others

    Neela Montgomery, EVP & President at CVS Pharmacy/Retail CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company’s 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of […]

  • Four takeaways from CVS Health’s Q3 earnings

    CVS Health named a new CEO in its earnings call on Friday. Between plans to further integrate its pharmacy and insurance businesses, and discussion about how a Covid-19 vaccine would be distributed, here are four other things the company is preparing for in the coming months.

  • Salesforce, CVS Health Integrates COVID-19 Return to Work and Campus Solutions

    What You Should Know: – Salesforce and CVS Health announced a strategic relationship to help organizations, including employers and universities, return critical populations to the workplace or campus. With this new joint offering, which combines Salesforce capabilities with CVS Health’s Return Ready, worksite and campus locations will be able to provide complementary services for wellness assessments, COVID-19 testing and manual contact tracing for […]

  • New CVS Pharmacy App Feature Can Read Prescription Labels Out Loud for Visually Impaired

    What You Should Know: – CVS introduced Spoken Rx™, a new feature of the CVS Pharmacy app that can read important prescription information out loud. It is vitally important for patient safety and adherence that prescription labels are clear and visible, but for patients with visual impairments or those who can’t read standard print labels, that’s not […]