1. CVS Health entered into a definitive agreement Sept. 5 to acquire Signify Health, a home health company, for about $8 billion. Though the company’s services will remain open for all payers to contract with, Aetna will benefit from an expanded value-based provider network in all 50 states and the ability to deliver better care to members at home — CVS also has about 9,700 stores in the U.S. and Puerto Rico.
2. Aetna said Sept. 8 it is expanding its co-branded CVS Health insurance plans on the individual ACA marketplaces to a total of 12 states for 2023.
3. State College, Pa.-based Penn State University is dropping Aetna for Highmark to administer its employee health plan, the Daily Collegian reported Sept. 7.
4. A contract between Aetna and Lubbock, Texas-based Covenant Health expired Aug. 31, leaving almost 9,000 individuals without in-network coverage.
5. Aetna Chief Medical Officer Kyu Rhee, MD, spoke with Becker’s on Aug. 17 about ongoing trends across the healthcare industry and how he is working to create a “values-based” care system through opportunities offered by a global pandemic.
6. Portland-based MaineHealth will switch from Anthem Blue Cross and Blue Shield in Maine to Aetna for its employee health plan carrier starting in 2023.
7. Aetna is part of a coalition of healthcare organizations that signed a memorandum of understanding July 26 committing to the California Advanced Primary Care Initiative — a plan to transition primary care practices throughout the state to a value-based delivery and payment model.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
