CVS Health expands to the home with $8B Signify Health deal

to add capabilities like primary care or telehealth across the health care continuum. It's vying with Amazon, Walmart, Dollar General and Walgreens, among others.already owns Aetna, pharmacy benefit manager CVS-Caremark and health care service brands MinuteClinic and HealthHUB.announced a plan to buy Oak Street Health, a primary care group focused on Medicare patients, for $10.5 billion.

Signify Health uses technology to support in-home care and service coordination for employers, physician groups, health systems and health plans. It has about 10,000 providers across all 50 states, Lynch said. "One of the things they are able to see is what is going on in the home," Lynch said. That includes visibility of what kinds of foods patients stock in their refrigerators or whether there are household hazards that could increase the risk of a fall.

"How do we use the assets of CVS Health to make sure that they're taking the right meds? We can do pharmacy reconciliations," she said. "If they need follow-up care, we can recommend they go to a Minute Clinic. We can recommend if they need specialty infusions, we can bring our nurses in. If you think about our asset as a company, we can really improve their access and quality of care.

"If you look around the corner, there's a tsunami of aging Americans. There are more people today between the ages of 50 and 64 than there are in the Medicare population," Lynch said.For a company that already owns one of the largest commercial health insurers and one of the largest PBMs, CVS is eyeing an even bigger piece of the demographic pie.

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

6 months and $8 billion dollars later, Dallas's Signify is CVS - CEO SpotlightKyle Armbrester, CEO, Signify Health joins KRLD's David Johnson on this episode of CEO Spotlight.
Source: KRLD - 🏆 75. / 68 Read more »

Bank health barometer could use own health warningStock market investors interpreted last week’s jump in Deutsche Bank’s credit default swaps as a sign of distress. Yet thin trading in parts of the $12 trln market for speculating on creditworthiness can exaggerate moves. Add social media and it can feed self-fulfilling spirals. Unmack1 Deutsche Bank has more solid foundation than many other banks. It has shown profits over the past few years. The problem lies in orchestrated rumors that have caused a significant damage to the bank over the past week. Hidden agenda? Perhaps crypto exchange speculators ?
Source: Breakingviews - 🏆 470. / 51 Read more »

Flagler Health+ to host teen mental health summit at St. Augustine AmphitheaterIt’s being held at the St. Augustine Amphitheater from 3 p.m. to 7 p.m. and is open to all high school students across Florida along with their parents and caregivers. Sounds crazy
Source: wjxt4 - 🏆 246. / 63 Read more »

Pharmacy startups like Capsule are losing to CVSInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Black employees value access to mental health support at work, survey findsBlack knowledge workers’ ability to focus has been disproportionately affected by external factors, such as the rising cost of living and global health concerns. Yeah I'm sure a lot of people like 'unsafe' work environments. As opposed to non black employees who love chaos and danger at work I suppose I could read the article, but this headline is pretty lame.
Source: NBCNews - 🏆 10. / 86 Read more »