Amid several recent developments at CVS Health (NYSE: CVS), Signify Health and Oak Street Health have been bright spots, according to company leaders. “Signify delivered another strong quarter,” CVS Health President and CEO David Joyner said during the company’s third-quarter earnings call. “Aetna members served by Signify have nearly doubled compared to last year, supported […]
Category: Innovation
Vice President Kamala Harris proposed a Medicare home care benefit earlier this month. Some found the proposal innovative and exciting, others found it unrealistic and potentially costly. Many in between found it well intentioned, but wanted to hear further details. But more broadly, Harris’ proposal evoked an interesting conversation, at least in my mind. Who […]
Earlier this month, Walgreens Boots Alliance (Nasdaq: WBA) CEO Tim Wentworth laid the groundwork for a company turnaround. Part of that included a shift away from certain health care services, which the company pivoted toward in the wake of the COVID-19 pandemic. After that, at the HLTH conference in Las Vegas, Mary Langowski – the […]
CVS Health (NYSE: CVS) has appointed a new president and CEO. David Joyner stepped into the role on Oct. 17, succeeding Karen Lynch. Joyner also joined the company’s board of directors. “The Board believes this is the right time to make a change, and we are confident that David is the right person to lead […]
Just a few years after it decided to go all in on health care services, Walgreens Boots Alliance (Nasdaq: WBA) is largely returning to its roots. It also plans to close as many as 1,200 retail stores in the next three years amid a financial downturn. On a Tuesday earnings call, Walgreens CEO Tim Wenworth […]
Nearly two years ago, Help at Home launched its care coordination program, with the belief that caregivers remained an untapped resource for valuable business insights. Broadly, the company captures detailed observations from caregivers in real time to identify client needs and predict unforeseen events. The care coordination program depends on caregivers submitting weekly observations and […]
VitalCaring has announced the results of a seven-month AI-driven cognitive care pilot program. The program provided personalized therapy to patients with cognitive disorders using Constant Therapy’s digital speech, language and cognitive therapy platform as part of its home-based services for selected patients. Based in Dallas, VitalCaring provides home health and hospice care to patients in […]
On some days, Vesta Healthcare CEO Randy Klein’s job requires some preaching. Having a unique business model is a strength, but it also means dedicating time to explain how the company operates and its overall value add. It’s a position Klein has often found himself in. “I used to have a boss that referred to […]
The biggest retailers were zealous in their pursuit of home-based health care initiatives. But there’s little evidence to suggest that pursuit has been successful, at least thus far. This week, CVS Health (NYSE: CVS) announced that it was laying off 2,900 workers. Simultaneously, reports surfaced of Glenview Capital – a significant shareholder in the company […]
As more advanced care moves into the home setting, traditional home-based care providers can ensure they aren’t left behind by forming innovative partnerships. The collaboration between BrightStar Care and Medically Home is one example of this. “More care is moving into the home, and higher acuity care is moving into the home,” Shelly Sun Berkowitz, […]