Wellvana Expands Its Reach by Acquiring CVS Health's MSSP Business

In a significant move within the healthcare industry, Wellvana has successfully acquired the Medicare Shared Savings Program (MSSP) business from CVS Health. This acquisition, executed as an all-stock transaction, allows CVS to hold a strategic minority stake in Wellvana. Through this deal, Wellvana enhances its capability as a leading entity in value-based care, extending its support to primary care providers across 40 states and impacting approximately one million Medicare beneficiaries.

Strengthening Value-Based Care

The acquisition solidifies Wellvana's position as one of the top companies focused on value-based care enablement. Over the past decade, the collaboration between Wellvana and CVS Health's MSSP has reportedly saved hundreds of millions of dollars within the Medicare program. Kyle Wailes, President and CEO of Wellvana, emphasized the importance of primary care as a fundamental element in reducing healthcare costs while enhancing community health outcomes. He stated, "Our high-touch approach that supports physicians, health systems, and payors in value-based care has proven effective. The complementary expertise from CVS Health's MSSP business significantly enhances our impact, ultimately benefiting the patients with more valuable care."

Moreover, Wellvana's acquisition broadens its network of Accountable Care Organizations (ACOs) while expanding its affiliated hospitals and physician networks. This growth is bolstered by the addition of talented colleagues experienced in value-based care, which is crucial for improving patient outcomes in this evolving landscape.

CVS Health's Commitment to Value-Based Care

Dr. Sree Chaguturu, President of Health Care Delivery at CVS Health, expressed pride in the CVS employees who have contributed to the MSSP business and reassured that their services will continue seamlessly during the transition. CVS Health retains a robust commitment to advancing value-based care, utilizing its owned assets such as Oak Street Health® and MinuteClinic®, in conjunction with accountable care contracts between Aetna and network providers.

With the integration of CVS Health's MSSP assets, physicians joining Wellvana's network will be equipped with valuable resources, including scheduling support, administrative assistance, and education in value-based care practices. This initiative is designed to facilitate a smoother transition for primary care physicians into the Wellvana ecosystem. Additionally, within the upcoming years, these physicians may qualify for Wellvana's Foundational Care™ program, providing patients with essential medical management support between appointments and post-hospitalization.

Wellvana's Mission and Vision

Founded in 2018 and headquartered in Nashville, Tennessee, Wellvana partners with primary care practices and health systems to transform the traditional fee-for-service model into a value-oriented approach. The company operates multiple ACOs in MSSP and REACH, along with Medicare Advantage contracts nationwide, ensuring a personalized journey towards value-based care for its partners.

Wellvana's methodical approach allows it to alleviate the administrative burdens faced by practices and health systems while offering continuous support to patients outside of conventional appointment cycles. This strategic acquisition marks an important step in enhancing the care continuum for Medicare patients, improving their health outcomes and overall experience.

In conclusion, Wellvana’s acquisition of CVS Health's MSSP business not only signifies a pivotal shift in its operational capacity but also reaffirms the importance of value-based care in the healthcare system. As healthcare continues to evolve, partnerships like this set the foundation for delivering high-quality, cost-effective care, bridging the gap between healthcare providers and the patients they serve. For more details, visit Wellvana.com and follow them on LinkedIn for updates on their transformative initiatives.