Healthcare DIVE December 2, 2021
Dive Brief:
- CVS Health and Microsoft are forming a strategic alliance to co-develop products around the areas of personalized care and digital health, the two companies announced Thursday.
- CVS said it plans to use Microsoft’s computing capabilities to deliver more customized health recommendations when and where consumers need them as the retail pharmacy giant continues to focus on digitally enabled and consumer-centric health services. The two will also look for new ways to leverage technology and machine learning to automate CVS operations and reduce waste.
- Financial terms of the five-year deal were not disclosed.
Dive Insight:
Organizations have begun relying more heavily on technology since the pandemic began and as more business and operational functions shifted to the...
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Topics: Digital Health, Insurance, Partnerships, Payer, Pharma, Pharma / Biotech, Technology, Trends