Anthem's deal with Aspire Health marks another in a slew of provider purchases by insurers aiming to reduce costs by shifting care away from costly inpatient settings.
St. Louis-based Ascension continues to benefit from its investment in ancillary businesses amid expected declines in its hospital operations.
The venture aims to leverage machine learning and artificial intelligence to boost revenue and cash flow while lowering the cost of bill collecting. It's slated to launch this summer.
The driving force behind the marriage of the No. 3 health insurer and the pharmacy giant is the appeal of steering patients to lower-cost care via 1,100 CVS walk-in clinics. Nearly 70% of the U.S. population lives within 3 miles of a CVS pharmacy.
There's been a drop in the number of foreign-born medical graduates applying for residencies in the U.S. at the same time as the country struggles with physician staffing shortages. Industry stakeholders worry the decline comes from recent efforts to stem immigration.
Sixty-two percent of health system executives support Amazon's growing presence in the medical supply sector and nearly the same amount said the company could successfully deliver supplies faster and at a lower price, according to a new survey.
The head of New York City's public hospital system said he asked his management team to devise a strategy to exit all of its leases and convert empty hospital areas to office space.