The money being spent tells of a rapid expansion in value-based care, an approach to medicine that is growing popular with bill payers like the federal government’s Medicare program.
Oak Street specializes in this care. Its centers use doctors, social workers and other care providers to help people manage their health. CVS Health CEO Karen Lynch told analysts Wednesday that she sees primary care as a key to improving patient health. She noted that although it represents only about 10% of health care spending nationally, the specialty holds “significant influence” over health care use.Oak Street runs care centers mostly for lower-to-middle income people with Medicare Advantage plans. Those are privately run versions of the federal government’s program for people aged 65 and older.
CVS Health Corp. leaders have been talking for well over a year about adding more primary care as rivals that also include UnitedHealth Group beef up their medical staffs.
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Source: MarketWatch - 🏆 3. / 97 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: WSJhealth - 🏆 413. / 53 Read more »
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Source: chicagotribune - 🏆 8. / 91 Read more »
CVS digs into primary care with $9.5 bln Oak Street Health dealCVS Health Corp said on Wednesday it would buy Oak Street Health Inc for about $9.5 billion in cash, expanding its healthcare services by adding hundreds of primary care clinics mostly for older people. They should fix they broken pharmacy processes first. When a company with a fragile core competency throws cash at a new line of business investors should smell trouble Do you really want healthcare services under a for profit company? MedicareForAll singlepayer endthemedicalindustrialcomplex
Source: Reuters - 🏆 2. / 97 Read more »