Modern Healthcare May 23, 2018
The proposed merger between Aetna and CVS Health would give the combined organization unprecedented access to the consumer, according to Dr. Harold Paz, executive vice president and chief medical officer of Aetna.
The driving force behind the marriage between the No. 3 health insurer and the pharmacy giant is steering patients to accessible, 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.
Tracking consumers more closely could produce dividends. There is about $1 billion of waste in the $3.3 trillion healthcare system; around $600 billion is administrative while about $400 billion is clinical, Paz said at the Avia Network Summit in Chicago.
There is opportunity to repurpose that...
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