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August 7, 2024 News No Comments

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CVS Health shares drop on the news of disappointing Q2 results largely stemming from its lackluster Aetna health benefits business. CEO Karen Lynch will take over management of Aetna from EVP and President Brian Kane, who’d been in that role for less than a year. 

The company reported a 2.6% increase in overall Q2 revenue to $91.2 billion. Revenue of its health services segment decreased 8.8%, which the company attributes in part to the loss of a unnamed large customer (presumably Target). The segment, which the company rebranded to CVS Healthspire last year, includes Oak Street Health, Signify Health, and MinuteClinic; as well as PBM and provider enablement solutions.


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People

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April Gill (Tabula Rasa HealthCare) joins Smart Data Solutions as chief commercial officer.


Announcements and Implementations

Ensoftek incorporates Blueprint’s AI-powered clinical documentation capabilities into its DrCloudEHR.

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Cayuga Addiction Recovery Services (NY) will use $25,000 in state grant funding for facility improvements and to expand its telehealth capabilities.

Opkit develops AI-powered software that automates routine, back-office phone calls to payers, pharmacies, and patients for the collection of medical records.

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Alchemy Vein Specialists will implement practice management software and services from Medmio.


Other

Delta County Libraries will use a $125,000 grant from the Colorado Lt. Governor’s Office of EHealth Innovations to launch the Connect to Your Health at Your Library! initiative, which will enable patrons to access virtual care from the comfort of their homes using equipment and hot spots checked out at one of the system’s five libraries.


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