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CVS Health is investing heavily in primary healthcare by establishing a vast network of pharmacies and Minute Clinics across the U.S., targeting accessibility for 85% of Americans. The company has made significant acquisitions, including Signify Health and Oak Street Health, to enhance its healthcare offerings, particularly for seniors and high-risk patients. CVS is transitioning to a value-based care model, focusing on chronic and preventative care while expanding its digital health initiatives.

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11 views3 pages

Current Event

CVS Health is investing heavily in primary healthcare by establishing a vast network of pharmacies and Minute Clinics across the U.S., targeting accessibility for 85% of Americans. The company has made significant acquisitions, including Signify Health and Oak Street Health, to enhance its healthcare offerings, particularly for seniors and high-risk patients. CVS is transitioning to a value-based care model, focusing on chronic and preventative care while expanding its digital health initiatives.

Uploaded by

EssayGuru2023
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Current Event

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Overview of CVS's Healthcare Strategy

CVS Health has aggressively invested in providing healthcare, mainly primary

healthcare, as well as affordable, convenient, and accessible general healthcare. In particular, the

company has established nearly 10,000 pharmacies and over 1,100 Minute Clinics nationwide.

Besides, CVS Health targets everyone since 85% of Americans reside within five miles of a CVS

store (Landi, 2024). As such, CVS leverages its massive presence to enclose the customer locally

while constructing the national model of medical care.

In recent years, CVS has moved more into the healthcare sector, acquiring Signify Health

and Oak Street Health for $20 billion. Notably, Oak Street Health mainly targets seniors and has

200 centers in 25 states in the US. It expects to open 300 centers by 2026 (Landi, 2024). On the

other hand, Signify Health conducts about 2 million home visits per year, which aids in filling

care gaps for Medicare and other high-risk patients.

MinuteClinics, affiliated with CVS, is shifting from its acute care focus to chronic and

preventative care. CVS Health’s strategy is to switch to a value-based care delivery model by

collaborating with health systems and providers to offer care management and social

determinants of health screening (Landi, 2024). While other retail players, such as Walmart and

Walgreens, are leaving the healthcare business, CVS is building an empire through investments

in digital health, telemedicine, and interoperable data systems to boost patient care.

Discussion Question

Considering that CVS has been aiming to integrate digitally driven engagements and

localized primary care services, how do you think this model will influence the availability of

primary care, which is equally relevant for underprivileged populations?


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References

Landi, H. (2024, May 30). How CVS is betting big on healthcare services 'locally delivered' on a

national scale. Fierce Healthcare. https://www.fiercehealthcare.com/providers/how-cvs-

betting-big-healthcare-services-locally-delivered-national-scale#:~:text=The

%20company%20plans%20to%20increase,patients%20over%20time%2C%20Reuters

%20reported

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