CVS Health today announced
the availability of Vendor Benefit Management, a new service developed to help
CVS Caremark pharmacy benefit management (PBM) clients more easily contract,
implement and manage their choice of available and emerging third-party health
and wellness benefit solutions – both digital and non-digital. This new service
offers clients a seamless way to access negotiated pricing, standardized member
eligibility verification in real-time, simplified billing and
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CVS Health to Open 1,500 HealthHUB Locations By The End of 2021
CVS Health, today announced a significant expansion of HealthHUB locations at CVS Pharmacy stores across the country. Building on the success and customer response to its HealthHUB pilot in Houston, the company plans to open additional locations in Houston, Atlanta, Philadelphia, southern New Jersey and Tampa this year, and plans to have 1,500 HealthHUB locations operating by the end of 2021.Recent HealthHUB Pilot in HoustonFor the past six months, the company has been piloting three HealthHUB
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Talkspace Nabs $50M to Expand Telebehavioral Health Platform
Talkspace, a telebehavioral health company providing online therapy has raised $50M in funding led by Revolution Growth. Existing investors Norwest Venture Partners, Qumra Capital, Spark Capital and Compound Ventures, amongst others, will also participate in the round. Patrick Conroy of Revolution Growth will join the Talkspace board of directors. Additionally, the company announced a new partnership with Optum Health, which will expand Talkspace services to cover 5 million lives.Transforming
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CVS-Aetna Merger Impact : Consumers Open to Receiving Primary Care at CVS Clinics
The CVS-Aetna merger has the potential to create an integrated model for consumer healthcare that could transform the consumer experience; however, are consumers embracing the prospect of receiving care in a CVS retail pharmacy setting? According to new research from J.D. Power, forty-five percent of consumers said they would probably or definitely would use primary care services in a CVS retail pharmacy setting. CVS-Aetna Merger Consumer Impact Survey BackgroundJ.D. Power's December 2018 pulse
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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Blue Cross Expands Partnership with Lyft, Collabs with CVS & Walgreens to Send Patients to Pharmacies
In an effort to address the community effects of social determinants of health, the Blue Cross Blue Shield Association (BCBSA) today announced a first nationwide partnership with Lyft to ensure Americans are not missing vital health care appointments simply because they lack reliable transportation.This partnership exemplifies Blue Cross and Blue Shield’s (BCBS) commitment to bringing private and public entities together to improve community health in a manner that a health care organization
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CVS to Acquire Health Insurer Giant Aetna for $69B: 8 Things to Know
CVS Health has agreed to acquire health insurer giant Aetna for $69 billion in a landmark deal that that will redefine access to high-quality care in lower cost, local settings whether in the community, at home, or through digital tools.This is the next step in our journey, positioning the combined company to dramatically further empower consumers. Together with CVS Health, we will better understand our members' health goals, guide them through the health care system and help them achieve their
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CVS Health, Cleveland Clinic Expand Clinical Affiliation for Improve EHR Communication
CVS Health and Cleveland Clinic announced that they have expanded their eight-year clinical affiliation to enhance access to care for patients throughout Northeast Ohio and Florida, and improve quality, coordinated delivery of care and health outcomes for patients. As part of the expanded relationship, CVS Health has joined Cleveland Clinic's Quality Alliance, one of the largest clinically integrated networks of providers collaborating on quality measures that focus on chronic disease
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CVS Health to Implement Epic EHR System for CVS Specialty Care Management Programs
CVS Health will implement Epic's EHR system for CVS Specialty's care management programs to help integrate and improve clinical processes for CVS Specialty, including Accordant, which provides care management program services for patients with rare, chronic diseases. This announcement marks the expansion of Company's use of the Epic EHR system beyond MinuteClinic which transitioned to the system in 2015.The Epic EHR implementation will support CVS Specialty's evidence-based care management
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CVS Invests in Curbside to Transform Pharmacy Pick Ups
CVS Health today announced a strategic investment partnership with Curbside, a company transforming the retail store pickup experience for consumers to help launch CVS Express. The investment represents the company's commitment to driving further innovations that will help customers save time and money while pursuing a healthier lifestyle. How It WorksAs part of the strategic partnership, Curbside will integrate its technology into the CVS Pharmacy app. Consumers using the CVS Pharmacy App
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