CVS Well being CEO Karen Lynch stated two issues may help put together America for the approaching Medicare “tsunami”: expertise and value-based care, Fortune reported April 26.
“We’re serious about how will we interact those who are actually utilizing expertise in numerous methods, so that individuals have a related and seamless expertise for the final word purpose of constructing People wholesome,” Ms. Lynch stated April 25 on the Fortune Brainstorm Well being convention in Marina del Rey, Calif.
To that finish, CVS Well being just lately acquired tech-driven dwelling well being firm Signify Well being for $8 billion and has agreed to purchase Oak Road Well being, a series of clinics serving Medicare Benefit sufferers, for $10.6 billion.
The variety of People aged 65 and older is predicted to greater than double within the subsequent 4 a long time, in line with the City Institute. “There’s like a tsunami of individuals coming into Medicare,” Ms. Lynch stated on the convention.
Telehealth is assembly a few of that want. CVS’ digital psychological well being visits have grown from 9,000 a 12 months earlier than the pandemic to almost 20 million in the present day, Ms. Lynch stated on the occasion.