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 CVS Caremark members during the second quarter of 2023. It
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Biofourmis Secures $300M to Expand Virtual Care Offerings
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 former Medtronic CEO and Chairperson at Intel, Dr. Omar Ishrak, will join the company’s Board of Directors as Chairman. Transforming Patient Health Through Personalized, Predictive Care Founded in
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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
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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 – finally busting the longstanding barrier to research for millions of Americans - Where applicable, CVS Health will
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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 barrier to care and overall well-being transportation which can limit a person's ability to receive medical care, to get to work or to job training and can
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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 – including frontline workers – with tools to better serve more than 100 million people. The collaboration with
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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
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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 & Acquisitions Olive Enters Clearinghouse Market with Acquisition of Healthcare
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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 complemented by the strength of Aetna's provider network, and CVS Health services. Aetna Virtual Primary Care Solution
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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 for investigational COVID-19 vaccines and treatments. Using a specially designed
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