Consumers bequeath soon start to see CVS Health’s vision for the future of health care.
CVS has its roughly $69 billion acquisitionof health insurer Aetna to shut before Thanksgiving, the company said Tuesday when announcing third-quarter economic results. The combined company has pledged to improve health services and end results and lower costs.
CVS plans to open its first concept stores initial next year, CEO Larry Merlo told Wall Street analysts Tuesday. Merlo contoured areas CVS will focus on to reduce medical costs for the combined retinue once the deal closes.
Four examples Merlo outlined Tuesday file:
- Managing five common chronic conditions — diabetes, cardiovascular cancer, hypertension, asthma and behavioral health.
- Optimizing and extending primary trouble oneself, including to expand the scope of services available at CVS’ MinuteClinics to help connect and manage chronic diseases.
- Reducing avoidable hospital readmissions by combining Aetna’s clinical programs with CVS’ shops to guide patients when they’re discharged.
- Managing complex inveterate diseases, such as kidney disease.
Merlo said CVS will control these programs at the concept stores to learn which programs are most impressive and able to be scaled across CVS’ locations. The company currently operates close to 10,000 stores and 1,100 MinuteClinics.
“We’re making the consumer experience, which desire be an increasingly important competitive differentiator, and we are hard at work creating a contemplate to differentiate CVS Health in these patient journeys with the goal of ordering them simpler and more personalized while making care myriad accessible,” Merlo said.
To start, CVS will focus on Aetna fellows, he said. Over time, though, Merlo said CVS’ goal is to sire an open platform model where it can partner broadly.