Healthcare
Description
CVS Health and Aetna
CVS (Consumer Value Stores) was founded in 1963 in Lowell, Massachusetts with the establishment of their first retail store. In 1969, it expanded its retail operations to include pharmacy departments in the northeast and was subsequently sold to the Melville Corporation in 1969. Throughout the 1970s, operations expanded with the acquisition of other drug stores. In 1983, they launched a national hemophilia home service, reaching one billion dollars in annual sales in 1985. CVS started a prescription benefit management service, a mail service pharmacy, and other healthcare services. In the 1990s, CVS launched a pharmacy benefit management company for employers and insurance companies. Caremark established CarePatterns, a disease management program. Caremark also entered the multiple sclerosis market. They established the pharmaceutical service as a core operation. In 1999, they launched CVS.com, the first online integrated pharmacy in the United States. In 2000, Minute Clinics, retail health clinics, were established; CVS partnered with them to open three clinics in their chain stores. Minute Clinics became the first to be accredited by the Joint Commission. In 2006, CVS acquired the Minute Clinics. In 2001, CVS/Caremark introduced the Extra Care Card, the first loyalty card for retail pharmacy chains. In 2007, CVS/Caremark and Rx officially merged, creating CVS Caremark. In 2009, the Minute Clinics became affiliated with several healthcare systems nationwide. In 2014, CVS Caremark changed its name to CVS Health. They also removed all tobacco products from their stores. In 2015, CVS acquired all of Targets pharmacies and clinics. In December 2017, the pharmacy chain, CVS/Caremark, announced their acquisition of Aetna Insurance for $69 billion. According to both companies, consumers will benefit from an integrated, community healthcare experience. Consumers will have access to Aetnas extensive network of providers with greater consumer access through CVS Health which includes nearly 10,000 CVS Pharmacy locations and more than 1,000 Minute Clinic walk-in clinics (CVS Health).
If this decision was yours to make, what would you have done? Please explain in detail.
Please address the following in providing your solution.
What was the primary strategy of CVS to expand its operations?
Go to https://cvshealth.com/about/company-history. Scroll down to the history section of the webpage. Identify three strategies that you feel are important to the growth of CVS Health.
Go to https://www.caremark.com/wps/portal/. Go to the bottom of the webpage. Click on the different icons that represent the different areas of CVS health. Summarize the focus of each of the areas and how they contribute to the mission of CVS Health.
Go to https://www.cvshealth.com. Provide a summary of their social responsibility activities.
According to the news release of December 3, 2017, CVS Health announced the execution of a definitive merger agreement under which CVS Health will acquire all outstanding shares of Aetna for a combination of cash and stock. According to the statement and the discussion in the chapter, what type of merger will this transaction be?
How could this transaction affect the hospital industry? Defend your answer.
Perform an Internet search regarding this transaction with Aetna. Based on the information, why do you think CVS Health made this decision?
General Instructions:
Write at least 3 page for to provide solutions for this case study. However, if your answer is on point, clear, and complete, I will not pay attention to number of pages. If you have taken my class before you know I prefer quality over quantity. Please make sure your answers are supported by facts.
APA format (5 points): Please make sure to cite your sources, including the textbook. There is no required number of sources, however, these questions cannot be answered without referring to available literature. You may use your textbook as a source. I expect everyone to have appropriate references, as well as in-text citations. Make sure to double space, type in Times New Roman and size 12 font.
Grammar (5 points): Please write complete, coherent sentences. Make sure to spell out words correctly. Please write in third person point of view (i.e. no I, me, you, us, we, etc.).
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References:
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Living Guideline
Stroke Foundation. (2022). Australian and New Zealand living clinical guidelines for stroke management – chapter 1 of 8: Pre-hospital care. https://app.magicapp.org/#/guideline/NnV76E
Evidence-based practice
BMJ Best Practice
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JBI: Evidence summary
Swe, K. K. (2022). Blood glucose levels: Self-monitoring [Evidence summary]. JBI EBP Database. https://jbi.global
JBI: Best practice information sheet
Bellman, S. (2022). Experiences of living with juvenile idiopathic arthritis [Best practice information sheet]. JBI EBP Database, 24(1), 1-4.
Cochrane Database of Systematic Reviews
Srijithesh, P. R., Aghoram, R., Goel, A., & Dhanya, J. (2019). Positional therapy for obstructive sleep apnoea. Cochrane Database of Systematic Reviews. https://doi.org/10.1002/14651858.CD010990.pub2
Drug Information
Codeine. (2023, January). In Australian medicines handbook. Retrieved February 2, 2023, from https://amhonline.amh.net.au
Colorado State University. (2011). Why assign WID tasks? http://wac.colostate.edu/intro/com6a1.cfm
Dartmouth Writing Program. (2005). Writing in the social sciences. http://www.dartmouth.edu/~writing/materials/student/soc_sciences/write.shtml
Rutherford, M. (2008). Standardized nursing language: What does it mean for nursing practice? [Abstract]. Online Journal of Issues in Nursing, 13(1). http://ojin.nursingworld.org/MainMenuCategories/ThePracticeofProfessionalNursing/Health-IT/StandardizedNursingLanguage.html
Wagner, D. (n.d.). Why writing matters in nursing. https://www.svsu.edu/nursing/programs/bsn/programrequirements/whywritingmatters/
Writing in nursing: Examples. (n.d.). http://www.technorhetoric.net/7.2/sectionone/inman/examples.html
Perth Children’s Hospital. (2022, April). Appendicitis [Emergency Department Guidelines]. Child and Adolescent Health Service. https://www.pch.health.wa.gov.au/For-health-professionals/Emergency-Department-Guidelines/Appendicitis
Department of Health. (n.d.). Who is being active in Western Australia? https://ww2.health.wa.gov.au/Articles/U_Z/Who-is-being-active-in-Western-Australia
Donaldson, L. (Ed.). (2017, May 1). Healthier, fairer, safer: The global health journey 2007-2017. World Health Organisation. https://www.who.int/publications/i/item/9789241512367
NCBI Bookshelf
Rodriguez Ziccardi, M., Goyal, G., & Maani, C. V. (2020, August 10). Atrial flutter. In Statpearls. StatPearls Publishing. https://www.ncbi.nlm.nih.gov/books/NBK540985/
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