CVS Health is hiking its dividend and offering a better-than-expected 2022 revenue forecast as the health care giant prepares to dive deeper into providing more care.
care giant on Thursday outlined a future that it expects to be defined by delivering care with what it sees as a unique mix of resources. The company runs thousands of drugstores, manages prescription benefits and also sells health insurance, in addition to its care expansion.
The clinics will include a doctor-led care team that also may include social workers and mental health specialists. She told analysts last month that company leaders believe they need to"push into the primary care so that we can influence the overall cost of care.” A big target for this competition: Millions of aging baby boomers who will need more regular care and have coverage through government-funded plans like Medicare Advantage.
CVS Health, which runs about 10,000 retail locations, also is planning to close several hundred stores in the next three years, as it adjusts to population shifts and customer needs.
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