Mergers & Acquisitions
Systems say together they will form the 10th largest nonprofit integrated health system in the country.
The combination of Aetna's analytics and CVS' pharmacy business has the potential to reshape the entire health plan market, Moody's says.
The integrated payer and pharma company represents direct competition to providers as the new organization aims to offer lower-cost, more convenient access to care.
So far this in this year, 2.78 million consumers have signed up for health plans.
Change will now offer customers a hosted service that combines multiple credentialing documents into a single instance.
But navigating the process, especially for a hospital with limited resources, must be done properly for the strategy to succeed.
Together, MDwise and McLaren Health Plan will serve more than 620,000 members, making it one of the region's largest system-run plans.
After failed merger with Humana, Aetna would need to convince feds that the merger is more than two industry behemoths coming together.
Amazon's potential foray into pharmacy business could squeeze providers' bottom lines even more.
Proposed cuts to reimbursement from the Centers for Medicare and Medicaid Services likely played a role.