CVS is Buying Aetna Insurance!
There is a big shape up going on in the news. If you haven’t heard, CVS is buying Aetna Insurance company. If you don’t know what these companies represent, well CVS is a retail pharmacy store. Aetna is one of the healthcare providers for insurance. They say this merger will make it so one company owns and controls a retail chain and insurance provider. This allows them to determine prices and discounts. Claiming this will help consumers by providing a one stop shop for your prescription needs.
To get this deal down took $69 Billion dollars. This might seem like a ridiculous amount of money, but to me in the position that CVS will be in t
he market, will be a huge advantage. The Pharmaceutical industry is one of the top leading industries when it comes to money. In 2016 the industry brought in $446 Billion dollars. So yes, $69 Billion is a lot of money to invest, but to get a bigger piece of the $446 Billion pie really sounds appealing.
It will be interesting to see how CVS positions themselves in the industry. Will they become the Wal-Mart of retail Pharmacy?
So how does this affect clinics?
This is bringing a major competitor in the healthcare field when it comes to clinics. CVS currently has 9.700 pharmacies and 1,100 Minute Clinics, which are walk-in locations where patients can get vaccinations, and other procedures done there.
With the merger of Aetna, this actually helps the consumer prevent seeing the doctor in a lot of cases. So this really could play a major role for a lot of clinics and doctors. CVS will have a better understanding of patient’s’ health goals, and be able to guide them through the healthcare process.
Since 2003, STAT MedCare Solutions has been an expert in Provider Enrollment, Licensing, Rate Negotiation, and other Credentialing-related services. STAT’s mission is, “Providing Client Services on a foundation of Trust and Integrity.” We stay on top of teaching, training, and equipping to properly manage the workplace as an industry expert. STAT has submitted/renewed 250,000+ licenses, submitted more than 10,000 appeals, and renegotiated more than 3,000 contracts. STAT services practices and organizations who are start-ups, surviving, experiencing (rapid) growth, or maturing Enterprise clients. Contact our Sales team for a free consultation at 877-887-1784, Ext. 505
Have a Good Day from everyone at STAT!