Practice Management
CVS Health plans to close 16 Oak Street Health centers, representing about 7% of its total portfolio of these senior-focused primary care clinics. Doors will shutter by the end of February, and CVS cites rising medical costs as the main reason driving the reduction, according to Forbes. The company did not specify which locations will close but said it will continue to operate 230 Oak Street clinics across 27 states. Increased costs to deliver care …
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CVS Health is rolling out a new store structure in several markets that combines Oak Street Health clinics alongside the traditional retail pharmacy. About 2 dozen locations are open or set to open by the end of the year in New York City, Dallas-Fort Worth, Houston, Chicago, and Columbus, Ohio, according to Forbes. CVS acquired Oak Street Health and its 200 clinics—which are largely focused on the Medicare Advantage market—for $10.6 billion in 2023. The …
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