{"id":10798,"date":"2022-11-07T12:36:55","date_gmt":"2022-11-07T17:36:55","guid":{"rendered":"https:\/\/www.protrainings.com\/blog\/?p=10798"},"modified":"2024-01-21T22:45:42","modified_gmt":"2024-01-22T03:45:42","slug":"cvs-home-health-care-initiative","status":"publish","type":"post","link":"https:\/\/www.protrainings.com\/blog\/cvs-home-health-care-initiative\/","title":{"rendered":"CVS Home Health Care Initiative: The Future of Health Care"},"content":{"rendered":"\r\n<p>As the healthcare landscape changes, home health care providers of all sizes and disciplines must adjust their own care models accordingly to compete in the market and offer the best possible quality of care.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372.jpg\" rel=\"lightbox[10798]\"><img loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"433\" data-attachment-id=\"10802\" data-permalink=\"https:\/\/www.protrainings.com\/blog\/cvs-home-health-care-initiative\/pexels-los-muertos-crew-8460372\/\" data-orig-file=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372.jpg\" data-orig-size=\"650,433\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"pexels-los-muertos-crew-8460372\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372.jpg\" class=\"wp-image-10802\" src=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372.jpg\" alt=\"ProTrainings CVS Home Health Care Initiative: The Future of Health Care\" srcset=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372.jpg 650w, https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372-300x200.jpg 300w, https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/pexels-los-muertos-crew-8460372-100x67.jpg 100w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/a><\/figure><\/div>\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>The <a href=\"https:\/\/www.cvshealth.com\/news-and-insights\/press-releases\/cvs-health-to-acquire-signify-health\" target=\"_blank\" rel=\"noreferrer noopener\">recent acquisition<\/a> of Signify Health by CVS Health illustrates a corporate-level shift in the primary care landscape toward less traditional healthcare models like value-based and home health care. Although these shifts are happening at the corporate level, they still impact individual healthcare workers and teams.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Read on to learn how corporate moves like the CVS home health initiative are redesigning the future of health care and what that means for individual home healthcare workers and their patients.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What\u2019s Changing in Healthcare<\/h2>\r\n\r\n\r\n\r\n<p>According to a recent report by <a href=\"https:\/\/www.bain.com\/insights\/primary-care-2030\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bain &amp; Company<\/a>, \u201cNew primary care models from nontraditional players \u2014 such as advanced primary care providers, retailers, and payers \u2014 aim to deliver more efficient care, improve patient outcomes, and lower costs.\u201d\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Industry-wide healthcare providers, then, will need to adapt to these industry shifts to remain competitive.\u00a0<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><strong><em>CVS Home Health Care: Why the Signify Acquisition Matters<\/em><\/strong><\/h3>\r\n\r\n\r\n\r\n<p>According to <a href=\"https:\/\/homehealthcarenews.com\/2022\/09\/this-is-a-platform-for-the-future-why-cvs-is-acquiring-signify-in-its-own-words\/\" target=\"_blank\" rel=\"noreferrer noopener\">CVS Health representatives<\/a>, a major factor in the decision to acquire Signify Health had to do with home health care. Signify\u2019s platform already offered in-home assessment and health care, so the acquisition allows CVS Health to improve and expand its own home health offerings.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>The <a href=\"https:\/\/www.aha.org\/aha-center-health-innovation-market-scan\/2022-09-13-cvs-health-adds-home-health-services-whats-next\" target=\"_blank\" rel=\"noreferrer noopener\">American Hospital Association<\/a> identifies four types of expansion the acquisition affords CVS Health:\u00a0<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>CVS gains Signify Health\u2019s workforce of 10,000 physicians and clinicians nationwide.<\/li>\r\n\r\n\r\n\r\n<li>Through Caravan, a subsidiary of Signify, CVS can offer more value-based care.<\/li>\r\n\r\n\r\n\r\n<li>CVS Health improves its standing in the health risk-assessment market.<\/li>\r\n\r\n\r\n\r\n<li>As stated above, CVS Health can offer more and better home health care delivery.\u00a0<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>As CVS home health expands, it puts pressure on other major players in the industry to expand and adapt, as well.\u00a0<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><strong><em>2022 Health Care Industry Shifts<\/em><\/strong><\/h3>\r\n\r\n\r\n\r\n<p>CVS Health\u2019s acquisition of Signify also represents significant changes in the healthcare industry at large. These changes involve not only where care is provided \u2014 for example, at home or in an office \u2014 but also how patients interact with their care providers.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>The Bain &amp; Company report identifies an ongoing shift away from fee-for-service payment models in favor of value-based care as \u201cone of the most significant sources of innovation in primary care.\u201d But the report also points to changes in care models themselves, including increased home health care initiatives and more widespread use of multidisciplinary teams.\u00a0<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733.jpg\" rel=\"lightbox[10798]\"><img loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"433\" data-attachment-id=\"10803\" data-permalink=\"https:\/\/www.protrainings.com\/blog\/cvs-home-health-care-initiative\/treatmentcareandsupport-friendlyyoungdoctorvisitingfemalepatient\/\" data-orig-file=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733.jpg\" data-orig-size=\"650,433\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Shutterstock&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Treatment, care and support. Friendly young doctor visiting female patient at home. Caring nurse at clinic or assisted living facility helping senior woman take medicine and giving her glass of water&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Treatment,,Care,And,Support.,Friendly,Young,Doctor,Visiting,Female,Patient&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Treatment,,Care,And,Support.,Friendly,Young,Doctor,Visiting,Female,Patient\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Treatment, care and support. Friendly young doctor visiting female patient at home. Caring nurse at clinic or assisted living facility helping senior woman take medicine and giving her glass of water&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733.jpg\" class=\"wp-image-10803\" src=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733.jpg\" alt=\"ProTrainings CVS Home Health Care Initiative: The Future of Health Care\" srcset=\"https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733.jpg 650w, https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733-300x200.jpg 300w, https:\/\/www.protrainings.com\/blog\/wp-content\/uploads\/2022\/11\/shutterstock_1960626733-100x67.jpg 100w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/a><\/figure><\/div>\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>Finally, according to the <a href=\"https:\/\/www.ucf.edu\/online\/healthcare\/news\/healthcare-industry-trends\/\" target=\"_blank\" rel=\"noreferrer noopener\">University of Central Florida<\/a>, a number of recent and upcoming changes in the health care industry stem directly from responses to the COVID-19 pandemic.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Changes include the rise of telehealth, innovations in integrated medical technologies such as electronic records and the use of artificial intelligence, and increased variety of avenues for patients to personalize their healthcare experience.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What This Means for Providers<\/h2>\r\n\r\n\r\n\r\n<p>So what do all these high-level industry shifts mean for individual, boots-on-the-ground healthcare workers and their patients?\u00a0<\/p>\r\n\r\n\r\n\r\n<p>The shift toward <a href=\"https:\/\/www.protrainings.com\/blog\/prioritize-quality-healthcare\">value-based care<\/a> places greater emphasis on patient outcomes than procedures and on prevention and wellness than treatment. This not only seeks to improve patients\u2019 long-term health but also lowers costs for patients and providers alike.<\/p>\r\n\r\n\r\n\r\n<p>In addition to transitioning into value-based care models, healthcare workers can adapt to industry trends by:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Allowing patients more control over personalizing the care they receive<\/li>\r\n\r\n\r\n\r\n<li>Following the CVS Health example of offering more and better home healthcare<\/li>\r\n\r\n\r\n\r\n<li>Taking advantage of new technologies to train workers, administer care, and communicate with patients<\/li>\r\n\r\n\r\n\r\n<li>Partnering directly with healthcare providers of varied disciplines to offer patients more holistic care<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Overall, healthcare providers should seek greater efficiency, accessibility, and affordability of care for all patients.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Health Care in 2022 &amp; Beyond<\/h2>\r\n\r\n\r\n\r\n<p>Corporate-level acquisitions and priorities in the healthcare industry continue to set new standards for payment models, home healthcare delivery, and much more. By adapting to these changes and keeping patient outcomes at the forefront, individual healthcare workers and corporate entities alike can play a part in shaping the future of healthcare for the better.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>For more industry insights and resources for providing quality care, <a href=\"https:\/\/www.linkedin.com\/company\/protrainings\/\" target=\"_blank\" rel=\"noreferrer noopener\">follow us on LinkedIn<\/a>.\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>As the healthcare landscape changes, home health care providers of all sizes and disciplines must adjust their own care models accordingly to compete in the market and offer the best possible quality of care. &nbsp; The recent acquisition of Signify Health by CVS Health illustrates a corporate-level shift in the primary care landscape toward less&#8230;<\/p>\n","protected":false},"author":3,"featured_media":10806,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"home health care","_yoast_wpseo_title":"%%title%% | ProTrainings","_yoast_wpseo_metadesc":"Learn how corporations like CVS Health are redesigning the future of health care and what that means for individual home health care 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