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CVS Health

Layoffs at Major Health Plans Slow Processing of Lab Claims

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Hospitals, Pharmacies Struggle to Be Profitable

CEO SUMMARY: Pharmaceutical companies may be posting strong growth in revenue and profits. But thatā€™s not true for the nationā€™s largest retail pharmacy chains. Rite Aidā€™s Chapter 11 bankruptcy filing earlier this month put a spotlight on financial stress at all the retail pharmacy c…

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Babson Diagnosticsā€™ Hybrid Model Combines Quality, Convenience

CEO SUMMARY: Responding to its own data about consumer preferences, healthcare technology company Babson Diagnostics is pursuing a new hybrid model for blood draws that it believes brings together the best of clinical laboratories and retail pharmacies. Laboratory managers and patho…

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2021ā€™s Top 10 Lab Stories Highlight Important Trends

This is an excerpt of a 3,075-word article in the December 20, 2021 issue of Ā THE DARK REPORT (TDR). The full article is available to members of The Dark Intelligence Group. CEO SUMMARY: Much like 2020, the pandemic dominated our new list of the top 10 lab stories for 2021. Beyond…

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2021ā€™s Top 10 Lab Stories Confirm Important Trends

CEO SUMMARY: Much like 2020, the pandemic dominated our new list of the top 10 lab industry stories for 2021. Beyond COVID-19 testing, the virus crept its way into long-term trends, such as pathology jobs and technology innovation. New ways of delivering healthcare will need respons…

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July 26, 2021 Intelligence: Late-Breaking Lab News

Intermountain Healthcare of Salt Lake City announced that it plans to close 25 of its 26 retail pharmacies as early as next month. It cited declining business and a new business arrangement with CVS Health, the national pharmacy chain. Daron Crowley, Intermountainā€™s media relations di…

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