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CVS Health, Others Make News at J.P. Morgan Health Care Conference
CVS Health is rapidly incorporating Aetna into its business and will open the first in a series of concept stores in February in the Houston market to test its consumer-centric retail engagement model that can target Aetna’s members. Renton, Wash.-based Providence St. Joseph Health unveiled a second $150 million health care venture fund. And health care providers shared cost-cutting strategies as they try to improve the affordability of health care.
What Health Care Could Look Like a Decade from Now
Expect massive vertical consolidation in health care. Payers, providers, suppliers and pharmacies will be under one corporate umbrella. Health insurance as we know it will largely be replaced by subscription-based plans that provide patients with unlimited telehealth consultations along with wellness, fitness and nutrition information.