What You Should Know: Primary care provider, VillageMD has entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty and urgent care in a blockbuster M&A deal valued at $8.9 billion with investments from Walgreens Boots Alliance (WBA). The combined company will create a multi-payor platform to deliver quality, affordable care for all patients and will enhance WBA’s robust portfolio of leading, integrated healthcare offerings across the care
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Walgreens
Forrester Unveils 5 Healthcare Predictions for 2023
What You Should Know: - A new dawn is on the horizon in healthcare. Equipped with new digital capabilities and pressured by new consumer expectations for personalized, convenient experiences, healthcare organizations face a predicament — act now and stay afloat, fail to act and get consumed by the competition, or risk financial ruin. - Market research leader Forrester’s latest report explores 5 key predictors for healthcare in 2023. Healthcare in the Era Post-Covid COVID-19
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Why Health Systems Need a New Transition Strategy to APMs
There is an adage that change in healthcare moves at the speed of tectonic plates. The slow adoption of Alternative Payment Models (APMs), the central feature of value-based care, is a good example of constraint despite immense pressure to control costs. Data from 2020 demonstrate almost zero change from 2018 in the proportion of straight Fee-for-Service (FFS) reimbursement. Other results show a slight uptick in APMs with or without downside risk at 34.6 percent. However,
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Health-Tech C2Q:22 Preview: 5 Key Driving Factors to Watch
What You Should Know: - David Larsen, healthcare IT and digital health analyst at BTIG published a note highlighting his preview for health-tech Q2 earnings. - Given high inflation rates, costs for traveling nurses, and light volumes in 2Q:22, he is cautious on stocks that sell into the acute care market in the near term. An Overview According to the report, there are many macro headwinds that continue to affect the HCIT sector and the broader market, including inflationary pricing
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Analysis: 2022 Semi-Annual Health IT Market Review
Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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Walgreens Launches New Clinical Trial Business to Address Access & Diversity
What You Should Know: - Walgreens today announced the launch of its clinical trial business to redefine the patient experience and increase access and retention in sponsor-led drug development research. - Walgreens flexible clinical trial model combines the company’s vast foundation of patient insights, partner-enabled health and technology capabilities and in-person and virtual care options to break through barriers to engaging broader and more diverse communities. Patient Recruitment
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Komodo Health Appoints COO, Transcarent, Vytalize Health, RxBenefits, Other Digital Health Appointments
Komodo Health has named Dr. Aswin Chandrakantan as its Chief Operating Officer. Dr. Chandrakantan will also continue to serve as the firm’s Chief Medical Officer, a role he has held since 2016. Dr. Chandrakantan was one of Komodo Health’s earliest employees – following leadership roles at McKinsey and Google – and has played a central role in the company’s rapid-fire growth. RxBenefits appoints Wendy Barnes as its new Chief Executive Officer. Barnes succeeds Bryan Statham, who served as the
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Blue Shield of CA & Walgreens Launch Health Advisory Services in Retail Stores
What You Should Know: - Blue Shield of CA and Walgreens Health announces a new health advisory service that will expand access to care management and coordination for Californians through in-store and virtual resources through the launch of 12 new Walgreens Health Corner™ locations in the San Francisco Bay Area and Los Angeles County. - With the addition of Walgreens Health Corner™ locations in LA and the
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VillageMD Acquires Patient Education Platform Healthy Interactions
What You Should Know: - VillageMD announced it has acquired Healthy Interactions, which helps patients manage chronic conditions through interactive educational programming as part of a stronger patient-provider relationship. - The Healthy Interactions program, which offers virtual, in-person and hybrid sessions, will be available from Village Medical and Village Medical at Walgreens providers in 14 markets by the end of 2022. More than 30 million patients around the world have used
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Hims & Hers, Walgreens Expand Personal Care Offerings to 7,000+ Stores and Online Nationwide
What You Should Know: - Hims & Hers, the multi-specialty telehealth platform focused on providing modern personalized health and wellness experiences to consumers, and Walgreens today announced a collaboration to provide greater access to high-quality health and wellness solutions. This will include the availability of Hims & Hers supplements and sexual health and wellness solutions, which will be offered at Walgreens retail locations nationwide and on walgreens.com. - Hims &
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