Can anyone confirm this?
This is already being planned. Make no mistake, if you are on the health plan side, you are already at great risk.
VBP should only be impacted by 40-50%
Any word on Value Based program? We got hit last year. Worried about this round.
Just speculation on my part, but it's simple. CVS wants to cut 2 billion in expenses, to save money. These current changes will only amount to part of that 2 billion. It seems rather obvious that additional layoffs will happen in the future, because after this round of cutbacks they still have an additional 1.5 billion they wanna chop. Where else is the cutbacks gonna come from?
Where are these additional layoffs in 2025 targeting? Any significant in Caremark side?
Must be the HR McDonalds lady trying to encourage people to quit.
Health plan aka plan sponsors have always been at risk for more layoffs since the October 2020 layoffs. It's been a half hazard plan after KS implementation failures to centralize Medicaid PDS, Health plan internal Services Operations, internal health plan credentialing analyst, internal medical management, internal health plan member services etc. The only health plan that's not been affected by the "provider experience, centralizeization" has been MercyCare because some reason the entire organization treats that health plan differently than the other 17.
They hired Jennifer Gaullgher - Daughtry from the Medicare PDS to take over the Mediciad PDS and create a quasi department that took provider relations from health plans internal prls, and they took the middle men credentialing implementation team to have hazardly created MPOS.
It's a different year, a different layoff, same core issues leadership can't make up their minds on wtf to do. When one of the executives stands out more than the others in their failures they fire, force resignations, and rehire to do the same stupid unplanned bs
I am not against centralizeing Aetna operations so the organization doesn't have 17 health plans doing their own thing but freaking do it right and with the right people.
I also don't believe CVS would sale off Medicare business nor Medicaid. It severly gender their market hold. The whole purpose of CVS buying Aetna was for their data. That and they thought they wanted to be in the same league as Amazon.
Need more responses here.
It’s not confirmed. People just love creating drama.
Confirmed. Source: I work directly with the stakeholders putting the recovery plan together.. also, this has been on paper since April 2024..