Three things to know:
- CVS Health, which owns Aetna, saw its revenues grow to $72.6 billion from $65.3 billion during the same time period in 2020, according to Yahoo Finance.
- The company posted a second-quarter profit of $2.8 billion, a 6.7 percent decrease from $3 billion in 2020. CVS attributed the loss to a surge in care after significant care deferments in 2020 from COVID-19.
- The company also announced it would raise its hourly pay from $11 to $15 beginning in July 2022 and will drop certain education requirements for job candidates, CNBC reported Aug. 4.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 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.
