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February 13, 2024
CVS chief medical officer: 'We are not looking to build the entire healthcare delivery ecosystem'
Summary
CVS continues health services strategy despite competition, focusing on primary care, retail health, home services, and physician enablement. CMO Sree Chaguturu asserts they aren't building entire health delivery ecosystem, but areas with great opportunity to improve health outcomes. Despite reducing 2024 outlook, CVS exceeded Wall Street revenue expectations for 2023. Increased utilization costs for Aetna Medicare Advantage patients and scrutiny on "middlemen" like CVS Caremark are predicted challenges.
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