CVS CEO Karen Lynch tells the Wall Street Journal that the company is looking to hire physicians as part of a broader push to offer primary care at its retail pharmacies. Acquiring that type of clinical talent may also be in cards for the company, according to Lynch.
The company’s plans are in line with those of competitors like Walmart and Walgreens, which has announced it will invest over $5 billion in rolling out primary care clinics in underserved areas across the country through its partnership with VillageMD.
November 11 (Thursday) 1 ET. “Increasing OR Profitability: It May Be Easier than you Think.” Sponsor: Copient Health. Presenters: Michael Burke, co-founder and CEO, Copient Health; David Berger, MD, MHCM, CEO, University Hospital of Brooklyn at State University of New York Downstate Health Sciences University. The OR is a hospital’s biggest source of revenue and its costliest resource, yet it often sits idle because of unfilled block time even as providers with cases ready to book lack access. AI-powered emerging technologies can help fill unused OR time and provide decision support to structure workflows and optimize block allocation. This webinar explores the biggest challenges to profitability faced in the OR and the fastest, most impactful changes a hospital can make to address them.
Acquisitions, Funding, Business, and Stock
Tech-enabled physician practice optimization company Privia Health reports Q3 revenue of $251.5 million, a 21% increase over Q3 2020. The company went public earlier this year, earning parent company Brighton Health Group a $2.75 billion valuation.
Practice management company M2 Orthopedics secures $65 million in a funding round led by Archimedes Health Investors.
American Oncology Network hires John Misitis (AmerisourceBergen Oncology Supply) as VP of business development.
Monogram Health promotes Kyle Cooksey to VP of marketing and communications.
Announcements and Implementations
Community Health Centers of Arkansas implements I2I Population Health’s Prizm analytics.
Airrosti Rehab Centers integrates Luna’s in-person, on-demand physical therapy services software with its Airrosti Remote Recovery virtual care service.
Government and Politics
Oak Street Health shares fall on the news that the DoJ has sent the senior-focused primary care company a civil investigate demand about whether or not it violated the False Claims Act. The inquiry seems to be focused on Oak Street’s free transportation service for Medicare beneficiaries and third-party marketing agents. Oak Street brought the matter to light during its most recent earnings call, saying that it will cooperate if and when an investigation moves forward.
Seventy four year-old Patricia Ann Doucet will spend four years in jail and pay nearly $350,000 in restitution for her role in embezzling money for nearly a decade from the dermatology practice where she worked. Her ill-gotten gains came through patient billing schemes and abusing employee profit-sharing accounts.
Dr. Jayne will get a kick out of this: FootwearNews.com covers the fashion event of the week – First Lady Jill Biden’s visit with Surgeon General Vivek Murthy, MD to a pediatric vaccination clinic in Virginia. While no mention was made about her choice of shoes at the school-based clinic, the site does note that her favorite footwear brands include Dior, Jimmy Choo, Stuart Weitzman, and Prada (natch).
- How to Optimize Texting with Your Patients (AdvancedMD)
- Innova Primary Care: The Upside to Downside Risk (EClinicalWorks)
More news: HIStalk.