Image source: 2021 Investor Day Presentation, CVS Health, Dec 9, 2021
Why It Matters:
CVS Health’s aggressive efforts to expand further into traditional primary care – and health delivery overall – is obviously major news given the company’s unique assets and strong brand name recognition with consumers. To us though, the key takeaway isn’t whether this latest initiative ultimately gains traction. Rather, we think the importance of the announcement is that it clearly underscores the continued willingness – and ability – of nontraditional competitors (whether CVS Health, Walgreens, Walmart, or others) to quickly pivot and embrace bold changes in order to capitalize on perceived opportunities in health delivery. Providers should fully expect that trend to continue, regardless of the success or failure of any individual near-term initiative or announcement from one of those firms.
This article was originally published in Impact Advisors’ digital newsletter: The Impact Advisor 1Q2022.