Summary
Summary: Kaiser Permanente and CVS Health Acquisitions
Kaiser Permanente’s Nonprofit Risant Health and CVS Health’s Oak Street Health Acquisition
Introduction
In this episode, regular guest Alan Condon, Editor-in-Chief at Becker’s Healthcare, joins the podcast to share an update on Kaiser Permanente’s new value-based nonprofit Risant Health and CVS Health’s acquisition of Oak Street Health.
Story 1: Kaiser Permanente’s Q1 Results and Partnership with Pennsylvania Health System Geisinger
Alan is discussing two stories that he is currently following in healthcare. The first story is related to Kaiser Permanente’s Q1 results and their partnership with Pennsylvania Health System Geisinger.
Story 2: CVS Health’s Acquisition of Oak Street Health and the Growth of Primary Care Market
The second story is related to CVS Health’s acquisition of Oak Street Health and the growth of the primary car market by corporate giants such as United Health Group, Optum, CVS Health, Amazon, and Walgreens.
Impact of Medicare Advantage on Primary Care
The growth of Medicare Advantage has caused a war for primary care. This has led to many independent providers being bought up by large healthcare conglomerates, which could lead to an increase in healthcare costs. US Senator Elizabeth Warren recently called for the FTC to investigate potential antitrust violations, and it will be interesting to see how the SEC approaches these deals in the future.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 05/10/2023 and can be listened here.
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