CLAIM #18398 · CVS Health Corp (CVS) · 2024Q2 earnings call · Aug 7, 2024 · due Dec 31, 2025
“We expect this number to further expand as we introduce co-branded Aetna and Oak Street plans in the 2025 annual enrolment period.”
Karen Lynch · CEO
In context
“g meaningful progress connecting patients to health services across all of our channels: primary and acute care, health services in the home, and clinical programs. Signify exceeded expectations, delivering another quarter of record volume. We also continue to grow our patient base among Medicare Advantage members with our primary care clinics. Oak Street at-risk patients grew to 235,000, up nearly 30% over the same quarter last year. We are accelerating opportunities that drive integrated value by connecting Signify and Oak Street to CVS Health assets, such as Aetna, MinuteClinic, and CVS Pharmacy. Since we closed our healthcare delivery acquisition, Signify now serves nearly twice as many Aetna members and to date, the number of Aetna members at Oak Street clinics has more than tripled. We expect this number to further expand as we introduce co-branded Aetna and Oak Street plans in the 2025 annual enrolment period. We continue to use the powerful relationship we have with patients at the pharmacy counter. This quarter, we saw a seven-times increase in the number of pharmacy scheduled IEGs compared to last quarter. We have many points of differentiation that position CVS Health to win. Our biggest differentiator is how we are bringing our assets together to deliver integrated solutions for our customers. We are working effectively to address the challenges we face in 2024. The steps we are taking include our disciplined approach to Medicare Advantage pricing, progress on our innovative pharmacy model and our biosimilar strategy, early wins in both CareMark and Aetna selling season, and accelerating the integration of healthcare delivery assets. These actions combined with our multi-year productivity”
Verify independently
SEC filings for CVS ↗ · Claim quote is verbatim from the 2024Q2 earnings call.