Fierce Healthcare February 11, 2020
Paige Minemyer

CVS invested $67 million in growing affordable housing options across the U.S. last year—and the healthcare giant said it’s hoping to significantly grow those investments in 2020.

In 2019, the investments made nearly 300 new permanent supportive housing units available, which target people who are impacted by domestic violence, chronic illness, homelessness and addiction, officials said.

CVS’ funding also backed the creation of 450 units for seniors, 59 for veterans and their families and 38 dedicated to Native Americans and their families. The efforts are a critical part of the company’s Destination: Health initiative, which targets social issues.

“I think housing is the anchor, and the spokes are all of the other things that help address the social...

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Topics: Equity/SDOH, Insurance, Investments, Patient / Consumer, Payer, Pharma, Provider, Trends
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