CVS is one retailer that continues to forge ahead with primary care expansion, growing its clinical footprint through Oak Street Health, which it purchased in 2023 for $10.6 billion. Oak Street has opened 10 clinics within existing CVS stores and six standalone locations in 10 states during the last eight months. The primary care provider plans to open another 18 clinics within CVS stores and approximately 20 standalone clinics by the end of the year. The Oak Street clinic within the CVS stores often takes over much of the retail space. Oak Street has a 12-year track record of operating primary care clinics, and CEO Mike Pykosz said sticking with a tested value-based care model is what sets CVS’ strategy apart.
Read the full article: The Retail Clinic Strategy That Just Might Work //
Source: https://www.modernhealthcare.com/providers/cvs-oak-street-health-walgreens-value-based-care-mike-pykosz