Practice Management
In January 2023, pharmacy chain CVS made an investment of $100 million in Carbon Health—a primary care and urgent care operation—presumably to augment the limited scope of CVS’ existing MinuteClinic business. Now, CVS retail stores in the Northeast are starting to show signs of Carbon Health’s entrance. According to Salem News (Massachusetts), locations in the cities of Beverly and Swampscott are planning to open new in-store clinics that will replace and significantly expand on the …
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Lower reimbursements, regulatory challenges, and increased competition are among the factors moving Ascension to reduce its “footprint,” according to a new article in Modern Healthcare. CEO Anthony Tersigni told employees that the company would be restructured from its current model as a hospital system “to one that’s focused on outpatient care and telemedicine.” Ascension saw revenues drop 27% last year compared with 2016 (though nonoperating income increased by $1.31 billion). It’s noteworthy that inpatient and …
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Urgent message: U.S. healthcare has been a monolith of inefficiency, limited access, and untenable costs for decades, due mainly to a lack of healthy competition. Today’s healthcare landscape, however, spurred by converging market forces, is rapidly evolving into a competitive marketplace, with urgent care being one of the key catalysts for this welcomed and long overdue change. Alan A. Ayers, MBA, MAcc is Vice President of Strategic Initiatives for Practice Velocity, LLC and is Practice …
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