With their strategic control of data and money flow, payers have an opportunity to be the connective tissue for the new healthcare ecosystem.

Partner, Health & Life Sciences, Oliver Wyman

Earlier this week, on the same day, Gap announced it was closing 175 or 25% of its retail stores, while CVS Health proclaimed it was purchasing Target’s pharmacy and clinic business for $1.9 billion as part of an aggressive expansion push.

Partner, Health & Life Sciences, Oliver Wyman

Traditionally, visits to retail clinics were almost an entirely out-of-pocket expense. Now, as Forbes reports, retailers like CVS, Walgreens, and Wal-Mart are finding that the majority of their clinics’ visits are covered by insurance. Oliver Wyman’s Howard Lapsley puts this milestone into perspective.

Partner, Health & Life Sciences, Oliver Wyman