CVS Health shares increase 3% on reports of Q1 sales of $67 billion and EPS of $1.91. CEO Larry Merlo says the retailer has seen a pandemic-induced spike in its digital services, with Minute Clinic’s virtual visits increasing 600%.
Acquisitions, Funding, Business, and Stock
Chronic care management technology and services startup TimeDoc Health raises $5.7 million in Series A round of funding led by Vocap Investment Partners. It plans to use the financing to enhance EHR integrations, develop remote patient monitoring capabilities, and expand its sales team.
Announcements and Implementations
EyeXam announces GA of a new app that incorporates telemedicine capabilities from GenieMD with its eye care and diagnosis software.
HealthTalk AI adds access to virtual visits to its patient engagement and relationship management technology.
Health IT and billing company MDS Medical will outsource its revenue cycle management using MTBC Force software and services.
Doximity adds video visit capabilities to its physician networking app. The company will make Dialer Video available to users for free through January 2021.
Online prescription savings service GoodRx adds SteadyMD to its list of pediatric telemedicine providers.
Government and Politics
Walmart returns $12.6 million from the Provider Relief Fund to the federal government with the explanation that it didn’t request the funds. The company operates three healthcare clinics and several COVID-19 testing sites.
More news: HIStalk.