Primary Care
Primary Care refers to health services that cover a range of prevention, wellness, and treatment for common illnesses. Primary care providers include doctors, nurses, nurse practitioners, and physician assistants. They often maintain long-term relationships with you and advise and treat you on a range of health related issues. They may also coordinate your care with specialists.
CVS Health announced last week that it now will provide in-network primary care for Aetna members in select markets through its MinuteClinics.
In 2024, retail health care faced significant disruption as industry giants like Walgreens, CVS and Walmart reevaluated their health care strategies in response to rising operational costs, reimbursement challenges and shifting market conditions.
Cleveland Clinic announced last week that it is partnering with Amazon One Medical to bring primary and specialty care to Northeast Ohio, offering both virtual and in-person services.
Walgreens, CVS Health, and Walmart have invested billions of dollars in providing primary care and health and wellness services. By the end of Q2 2024, it is apparent that the great experiment is crumbling.
Amazon’s primary care subsidiary One Medical will lose its long-standing contract with Google at year-end. Google’s roughly 180,000 employees who received discounted medical care under the contract, accounted for about 10% of One Medical’s revenue in 2020.
Humana’s CenterWell will be leasing space to open 23 senior-focused primary care clinics outside former Walmart health clinics just three months after Walmart announced it was closing its 51 Walmart Health centers in five states and exiting its telehealth business.
The Centers for Medicare & Medicaid Services July 10 announced there will be 133 participants representing 772 practices for its new Making Care Primary Model.
The health system saw an additional 37,000 referrals kept in-network when compared to the prior year, significantly improving its financial performance.
Walmart’s announcement last week that it will close its 51 health centers in five states and exit virtual care services stunned many observers.
Walgreens Boots Alliance reported last week that it lost nearly $6 billion in its second quarter as the company struggles with the loss in value of its investment in VillageMD.