Three things to know:
1. The job cuts are part of Aetna’s integration into CVS and aim to improve efficiencies, according to an Oct. 7 company statement cited by the Journal Inquirer. The integration includes restructuring across all lines of business, and reorganizing and consolidating certain segments.
2. The exact number of job cuts wasn’t released. However, CVS said the reductions didn’t meet state regulations that require companies to provide advanced notice of layoffs. Typically, that threshold is 100 or more employees.
3. Employees affected by the layoffs may apply for other positions within Aetna. Those who don’t get a new role will receive a “transition package” with health benefits and outplacement support, according to the report.
More articles on payers:
Cigna won’t cover some hospital-based MRIs, CT scans under new policy
Walmart Health COO outlines health insurance business: 5 things to know
BCBS Association names new CEO: 4 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
