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Diving brief:
- CVS Health A Sold his Shared Savings Program Company Medicare To the healthcare service company based on the Wellvana value in the context of an agreement on all stocks, the health care giant said on Tuesday.
- With the purchase, Wellvana will become “one of the largest” support for value -based care, working with providers in 40 states and serving around 1 million medicine beneficiaries, according to a press release.
- The agreement also gives CVS a strategic minority participation in Wellvana. The detailed terms of the transaction have not been disclosed.
Diving insight:
Shared savings, or MSSP, are the largest care program based on the value of Medicare.
Under MSSP, suppliers come together in Responsible care organizations And take a financial risk for patient care, in order to offer coordinated services that reduce unnecessary expenses or medical errors. In 2023, the program saved the government Record $ 2.1 billionAccording to the CMS.
Suppliers sometimes join ACOs Managed by value -based care companiesWho can help them to go to payment, to collect more data and manage risks based on risks.
CVS activation services include customers using two CMS value -based care programs, MSSP and ACO model performing actions, access and community health (RECH), which included more than a million patients At the end of 2024, according to a securities file.
Despite the MSSP sale, the health care giant will continue to focus on value -based care through its health care provision units, such as its Senior primary care clinic Oak Street HealthAnd thanks to ACO contracts with its insurer Aetna, CVS said in a press release.
The agreement comes after CVS Given its reduced benefits almost in two Last year, her insurer Aetna had a hard time at increased medical expenses. The company’s health services segment, which includes its value -based care offers, income declared down approximately 7% From the previous year, while its adjusted operating income dropped by 0.9%.