Walgreens Boots Alliance Inc. (Nasdaq: WBA) announced the appointment of former Humana Inc. (NYSE: HUM) Chief Medical Officer (CMO) Dr. William H. Shrank to its board of directors as the company continues its strategic turn toward health care services. Currently, Dr. Shrank is a venture partner with the Bio + Health team of Andreesen Horowitz, […]
Walgreens Boots Alliance
Following its move to decrease VillageMD’s physical footprint, Walgreens Boots Alliance Inc. (Nasdaq: WBA) seems to be doubling down on its decision. “We don’t have plans to continue to invest in brick and mortar-owned primary care practices,” Mary Langowski, the president of U.S. Healthcare, said during the company’s third-quarter earnings call on Thursday. VillageMD is […]
The value-based and home-based care enablement platform CareCentrix is in an interesting position. Not only is it in between home health providers and Medicare Advantage (MA) plans, but it’s also now owned by Walgreens Boots Alliance (Nasdaq: WBA) – one of the retailers diving head first into home-based health care services. In a recent conversation […]
Earlier this week, Walgreens Boots Alliance (Nasdaq: WBA) CEO Tim Wentworth teased a “strategic review” of the company’s assets, including those within the U.S. Healthcare segment. Meanwhile, CVS Health (NYSE: CVS) CFO Tom Cowhey provided updates on where Aetna may go with its supplemental benefits in the near-term future. “We are now meaningfully looking at […]
Walgreens Boots Alliance (Nasdaq: WBA) is making some major changes to its U.S. Healthcare division, which includes all of its provider and at-home care assets. Most of note is the leadership change at the top. Walgreens acquired the remaining stake in the home care-focused convener CareCentrix for $392 million in 2022, after an initial investment […]
Both CVS Health (NYSE: CVS) and Walgreens Boots Alliance (Nasdaq: WBA) are making big bets on health care services, including services provided in the home. To make headway, each company is also banking on its reputation with health care consumers across the country. CVS Health has CVS Healthspire, and Walgreens has its U.S. Healthcare segment. […]
Over the years, Walgreens Boots Alliance (Nasdaq: WBA) has increasingly shifted its focus to the company’s U.S. Healthcare services segment. On Thursday, the retail giant made it clear that beefing up this arm of its business, and further solidifying its place in the health care sector, is still a priority. “We are on a path, […]
Humana Inc. (NYSE: HUM) – one of the largest insurers and home health providers in the country – announced a leadership transition Wednesday. Longtime CEO Bruce Broussard will step down, with Jim Rechtin stepping into his position in 2024. This was a “long-planned” CEO transition, according to Humana. Rechtin will join Humana on Jan. 8, […]
The utilization of home-based primary care (HBPC) for high-need, high-cost patients could lead to lower rates of potentially avoidable hospitalizations after two years of care. That’s according to a new study published in the Journal of General Internal Medicine. However, the study did not find any conclusive evidence that showed HBPC reduces avoidable hospitalizations in […]
Walgreens Boots Alliance (Nasdaq: WBA) CEO Roz Brewer has stepped down from her leadership position and the company’s board. Brewer led the company during a period where it invested more in health care service delivery – including in-home care – than ever before. She took over in March 2021. Her exit is effective immediately. “I […]
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