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