CVS digital strategies due to COVID-19 helped drive strong first quarter

CVS Health’s underlying main functionality for the to start with quarter was powerful, driven in big component by the company’s customer-centric electronic approach through the COVID-19 pandemic, CEO and President Larry Merlo stated Wednesday through the earnings phone.

The use of telemedicine for virtual visits via MinuteClinic was up 600% compared to the to start with quarter of 2019.

Retail prescription house shipping and delivery increased by more than 1,000%. In addition, CVS observed a 4-fold enhance in consumers adding front-of-the store products to their prescription deliveries.

In specialty pharmacy, electronic refills were being up about 50%, Merlo stated.

The Aetna Health application engaged more homes in Q1 than in the to start with a few quarters of 2019.

CVS opened big-scale COVID-19 testing sites across 5 states through the quarter and is establishing other individuals, with the focus on of possessing testing in 1,000 spots by the stop of

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How Finance Can Lead the Effort to Drive Revenue Synergies

Specials that deliver the optimum benefit to shareholders are people that not only realize expense reduction but also amplify revenues. In the EY Buy & Integrate world pulse survey, the biggest category of respondents — more than forty% — cited entry into new marketplaces or rising item capabilities as the essential motorists for acquisitions.

But acknowledging income synergies can be hard. The acquired business might have devices, provide chain structures, and processes that are fairly various from the buyer’s. Underneath are some of the essential activities the CFO and finance team can complete to accelerate the realization of income synergies:

  • Enabling the deal approach by deploying finance teams early to concentration on income synergies
  • Speedily building new finance processes to permit rapid modifications in revenue, provide chain, and R&D to travel best-line progress
  • Driving measurement and benefits for good results

Technique Enabler

The CFO is central to enabling a deal’s

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