Becker's Healthcare February 12, 2025
CVS Health’s new executives are working “tirelessly” to improve margins in the company’s insurance business, CFO Tom Cowhey told investors.
The company reported its fourth-quarter and full-year earnings for 2024 Feb. 12. CVS Health reported $4.6 billion in net income in 2024, down from $8.4 billion in 2023.
The company faced a difficult 2024, driven by rising costs in Medicare Advantage. CVS Health ousted former CEO Karen Lynch in the face of declining revenue and installed David Joyner as CEO. The company also named two new executives to lead Aetna.
Mr. Joyner told investors the company has “delivered material progress” in stabilizing Aetna’s financials in his first few months leading CVS.
“I’m very confident and very...
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