Oak Street Health – a key pillar of CVS Health’s (NYSE: CVS) health care services strategy – has reached a $60 million settlement with the Department of Justice (DOJ). The settlement is being paid to resolve allegations that Oak Street violated the False Claims Act, specifically by paying kickbacks to third-party insurance agents. The DOJ […]
Oak Street Health
Thanks to impactful, large-scale transactions over the last decade, the collective face of home-based care has changed forever. Traditional providers in both home health care and personal home care have merged. Payers became involved in the home-based care space like never before. Of late, retailers have too. But it’s often easy to forget how the […]
Home-based care providers avoiding the shift to value-based care are running out of time and excuses. The Centers for Medicare & Medicaid Services (CMS) wants 100% of traditional Medicare beneficiaries and the “vast majority of Medicaid beneficiaries” in accountable care relationships by 2030. Home health providers are already under the Home Health Value-Based Purchasing (HHVBP) […]
Signify Health continues to showcase the effectiveness of CVS Health’s (NYSE: CVS) in-home capabilities. Signify — CVS Health’s acquired value-based care platform — conducted 649,000 in-home evaluations for multi-payer Medicare Advantage partners in the fourth quarter of 2023, marking a 20% increase from the previous year. “Among our Aetna customers, we are broadening our addressable […]
CVS Health (NYSE: CVS) believes that its home-based care and primary care capabilities will unlock value and create long-term earnings power for the company. Karen Lynch – CVS Health’s CEO – outlined that vision at the Morgan Stanley’s 21st Global Healthcare Conference Tuesday. “As we step back and as we looked at all of our […]
CVS Health (NYSE: CVS) is a new and improved provider of health care services. After closing on the acquisitions of both Signify Health and Oak Street Health, the retailer now has two of the more coveted capabilities in health care: at-home care and primary care. On Tuesday, CVS Health closed on its $10.6 billion deal […]
CVS Health (NYSE: CVS) announced Wednesday that it has agreed to purchase Oak Street Health (NYSE: OSH) for $10.6 billion. The companies expect for the transaction to close sometime this year. While Oak Street Health is a primary care provider, it does do work in the home. But, more broadly, CVS Health’s move to acquire […]
As in-home care providers look to use a more integrated approach to care, it’s critical to some that mental and behavioral health is part of the equation. Despite the added costs that come with offering those services, the need to care for patients with those ailments is undeniable. “Typically, these folks are 10 to 15 […]
On the heels of a new partnership with AARP, Oak Street Health Inc. (NYSE: OSH) has affirmed its commitment to delivering care in the home setting. Founded in 2012, Chicago-based Oak Street Health is a network of value-based primary care centers for adults on Medicare. The company currently operates more than 100 centers across 15 […]
Oak Street Health (NYSE: OSH) — a rapidly growing, multi-setting primary care company that specializes in caring for seniors, especially those in underserved communities — officially went public last Thursday with an initial offering of $328 million. The Chicago-based company sold 15.6 million shares at $21, which was slightly above its anticipated offering of $15 […]
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