cvs Coverage - MedCity News (2024)

Consumer / Employer,Health Tech

Who is Winning the Retail Pharmacy Consumer Battle?

CVS Health overtook Walgreens as the most popular drugstore retailer, a new report found. However, there is no saying for sure if CVS will keep this lead.

Consumer / Employer,Providers,Pharmacy

What Will the Future of Retail Health Look Like?

Retailers aren’t giving up on healthcare — but they are trying to be more strategic in their efforts to disrupt the space. As these companies re-strategize, experts think they need to center their efforts on building trust and fostering long-term patient engagement.

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5 Health Reasons to Ditch Concrete Jungles for Countryside

In an increasingly urbanized world, the allure of countryside living is growing stronger, especially when it comes to health and well-being.

Consumer / Employer

Two CVS Locations Make Moves To Join National Pharmacy Union Movement

Two CVS stores in Rhode Island have filed petitions to join the Pharmacy Guild, which is building a national pharmacy union. The locations are close to CVS Health's headquarters in Woonsocket, Rhode Island.

Health Tech

‘Nation-State’ Cyberattack Hits Change Healthcare, Disrupting Pharmacy Services Across the Country

Pharmacies across the country are facing disruptions following a cyberattack on Change Healthcare — which is owned by Optum, a subsidiary of UnitedHealth Group. In a filing with the SEC, UnitedHealth stated that the unauthorized party that gained access to Change Healthcare's systems was a “suspected nation-state associated cyber security threat actor."

Consumer / Employer

Why Some Pharmacy Staff at Walgreens Are Staging Walkouts

Walgreens pharmacy staff are staging walkouts from October 30 to November 1. One organizer said it's because pharmacy staff are being tasked with too many responsibilities, making it difficult for them to safely fill prescriptions.

Health Tech

Where Do DTC Providers and Payers Stand When It Comes to Telehealth?

A new J.D. Power report found that CVS ranks highest for telehealth satisfaction among direct-to-consumer companies, while UnitedHealthcare ranks highest among payers.

Health IT

Accelerating Claim Processing: Strategies to Shorten the Life of a Claim

These strategies and practices can significantly shorten the life cycle of claims, leading to quicker resolutions and improved financial outcomes.

Health Tech

Healthcare Moves: A Monthly Summary of Hires and Layoffs

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

Health Tech

Nurse Practitioners’ Starting Salaries Are Rising Faster Than Those of Primary Care Physicians

As retail disruptors like CVS, Walgreens and Amazon buy more and more primary care assets, the healthcare industry is seeing an increased demand for physicians and advanced practitioners. In the case of nurse practitioners, this rise in demand is also boosting their salaries. Physicians' starting salaries have remained relatively flat, but their average signing bonus grew.

Legal

Abortion Pill Access in 2023: A Timeline

Mifepristone and misoprostol, two pills that are taken together to terminate a pregnancy, have been approved by the FDA since 2000. But access to these drugs have been in serious jeopardy this year, and a federal judge in Texas recently ruled to suspend the FDA's decadeslong approval of mifepristone. The final outcome for abortion pill access in the U.S. is still unclear among confliction federal rulings — the issue will likely end up in the Supreme Court.

Healthcare,Startups

Healthcare Moves: A Monthly Summary of Hires and Layoffs

Here is a selection of recent executive hires, departures and layoffs occurring across the healthcare industry.

Health Tech

What’s Keeping Healthcare CIOs Up at Night: How to Improve Patient Satisfaction by Handling Calls More Efficiently

Health systems have spent billions on portals while investments in modernizing the voice channel — the dominant preference of healthcare consumers — have taken a backseat.

Health Tech

Which Health Tech Companies Might Go Public or Get Acquired in 2023?

As macroeconomic forces continue to negatively impact the healthcare sector, health tech experts predict that 2023 will be another slow year for the IPO market. However, they think consolidation deals will continue to be a constant, according to a new report.

Health Tech

Consumer research firm Forrester recently predicted major trends that would shape healthcare in 2023. Healthcare stakeholders should prepare for key changes, such as care becoming even more inaccessible for rural patients and additional retail entrants into the clinic space.

Legal

CVS scheme diverted millions from underserved population, NY AG says

Attorney General Letitia James accused CVS of a scheme starting in 2017 to prevent New York safety net hospitals from using the company of their choice to obtain federal drug subsidies on prescriptions filled at CVS through the 340B program

Health Tech

Google Cloud exec: Real-world data could eliminate the need for placebos in clinical trials

The speed of Covid-19 vaccine trials should inspire the pharmaceutical and medical device industries to accelerate its clinical testing, according to Shweta Maniar, Google Cloud’s director for healthcare and life sciences. She argued that harnessing real-world data will make faster clinical trials achievable for all therapeutics and devices, possibly even eliminating the need to recruit a placebo arm.

Pharmacy,Legal

Jury rules pharmacy chains liable in landmark opioid trial

A federal jury found pharmacy chains CVS, Walgreens and Walmart helped fuel the opioid epidemic in two Ohio counties. It’s the first trial pharmacy chains have faced related to the opioid crisis, though several other lawsuits have been filed.