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CVS CEO: Technology, value-based care can resolve coming Medicare ‘tsunami’

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CVS CEO: Technology, value-based care can resolve coming Medicare ‘tsunami’

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CVS Health CEO Karen Lynch mentioned two issues might help put together America for the approaching Medicare “tsunami”: know-how and value-based care, Fortune reported April 26.

“We’re thinking about how do we engage people that are now using technology in various ways, so that people have a connected and seamless experience for the ultimate goal of making Americans healthy,” Ms. Lynch mentioned April 25 on the Fortune Brainstorm Health convention in Marina del Rey, Calif.

To that finish, CVS Health not too long ago acquired tech-driven dwelling well being firm Signify Health for $8 billion and has agreed to buy Oak Street Health, a sequence of clinics serving Medicare Advantage sufferers, for $10.6 billion. 

The variety of Americans aged 65 and older is anticipated to greater than double within the subsequent 4 a long time, based on the Urban Institute. “There’s like a tsunami of individuals coming into Medicare,” Ms. Lynch mentioned on the convention.

Telehealth is assembly a few of that want. CVS’ digital mental health visits have grown from 9,000 a 12 months earlier than the pandemic to just about 20 million at present, Ms. Lynch mentioned on the occasion.

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