CVS Well being promoted Dr. Sree Chaguturu to be the corporate’s prime doctor because the retail drugstore chain and medical insurance large emphasizes the significance of main care.
Chaguturu, who’s 44 years outdated, is now the manager vp and chief medical officer reporting to CVS president and chief govt officer Karen S. Lynch and can “be liable for advancing the best doable medical high quality requirements, growing entry to care, enhancing affected person outcomes and decreasing general well being care prices throughout the enterprise,” the corporate stated in asserting Chaguturu’s promotion Tuesday. He replaces Troyen Brennan who retired.
Chaguturu, who was beforehand chief medical officer for the corporate’s pharmacy profit administration (PBM) enterprise, CVS Caremark, will now oversee an array of medical affairs for the Aetna medical insurance enterprise, CVS Caremark, CVS Pharmacy, MinuteClinic, ladies’s well being and genomics, affected person security, well being fairness, information and analytics, the corporate stated.
“Since becoming a member of CVS Well being in 2019, Sree has been an influential and revered medical chief, serving as a trusted advisor for shoppers, members, and colleagues,” Lynch stated. “He performed a vital position within the firm’s pandemic response, together with main Return Prepared, our employer COVID-19 testing and vaccination providing.”
CVS, which is already identified for its MinuteClinics staffed by nurse practitioners, shall be broadening its technique right into a “nationally-scaled subsequent technology main care mannequin,” firm executives stated final December on the firm’s annual investor day.
CVS has already been engaged on an enhanced model of its HealthHUB areas which dedicate greater than 20% of the shop to well being companies that embody new sturdy medical gear, provides and varied new product and repair mixtures. CVS can also be including 1000’s of latest private care objects in addition to extra companies at its MinuteClinics within the well being hub shops.
The strikes come as CVS rivals Walgreens Boots Alliance and Walmart push deeper into healthcare companies, increasing obtainable objects of their shops and including main care companies to their shops. Walgreens final yr invested one other $5.2 billion in VillageMD to escalate the enlargement of doctor-staffed clinics throughout the U.S. underneath a brand new “Walgreens Well being” enterprise.
CVS executives consider they’ve the mannequin that can proceed to draw extra prospects.
“CVS Well being is uniquely positioned to construct upon its present capabilities and intensive attain to enhance the well being care expertise for hundreds of thousands of individuals,” Chaguturu stated within the assertion asserting his new position. “Our exceptionally proficient Medical Affairs group will assist align, combine and improve our well being care companies and property to assist tackle the wants that exist in our well being care system at present.”