CVS Health names Dr. Sreekanth Chaguturu president of health care delivery CVS Health (NYSE: CVS) has appointed Dr. Sreekanth Chaguturu the president of health care delivery. Chaguturu will serve in this position, in addition to his current roles as executive vice president and chief medical officer at the company. Chaguturu succeeds Mike Pykosz, who has […]
CVS Health
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 […]
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 […]
The Senate Homeland Security Permanent Subcommittee on Investigations (PSI) released a report on Thursday revealing that the nation’s three largest Medicare Advantage (MA) insurers have significantly increased the rate at which they denied seniors’ post-acute care from 2020 to 2023. This includes denying access to nursing homes, inpatient rehabilitation facilities and long-term acute care hospitals. […]
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 […]
CVS Health (NYSE: CVS) has undergone a strategic shift of late to focus more on health care services, as well as home-based health care services. Now, it appears it could be on the brink of a showdown with an activist investor. CVS Health leaders reportedly met with Glenview Capital – the rumored activist investor – […]
Oak Street Health – a key pillar of CVS Health’s (NYSE: CVS) health care services strategy – has reached a $60 million settlement with the Department of Justice (DOJ). The settlement is being paid to resolve allegations that Oak Street violated the False Claims Act, specifically by paying kickbacks to third-party insurance agents. The DOJ […]
Health care is hard – an idea reinforced this week when Walmart (NYSE: WMT) announced the abandonment of its previously grand health care ambitions. There may be a day when the country’s largest retailers, including Walmart, become major players in home-based care delivery, but today is not that day. And other recent developments suggest tomorrow […]
Signify Health was purchased by CVS Health (NYSE: CVS) for $8 billion in March 2023. Now, it’s one of the core tenants of CVS Healthspire, the health care services segment that CVS executives are banking on to drive future growth for the company. The Dallas-based Signify is a health care platform that combines technology, analytics […]
Thanks to impactful, large-scale transactions over the last decade, the collective face of home-based care has changed forever. Traditional providers in both home health care and personal home care have merged. Payers became involved in the home-based care space like never before. Of late, retailers have too. But it’s often easy to forget how the […]