STOCK TITAN

Consumers Want a More Connected, Personal Health Care Experience, New CVS Health Study Reveals

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

The 2022 Health Care Insights Study by CVS Health reveals a shift in U.S. consumer attitudes towards healthcare post-COVID-19. Conducted with 1,000 consumers and 400 providers, the study indicates that over 81% of consumers value their provider's awareness of life satisfaction. A significant 83% emphasize integrated care coordination. Virtual visits have become crucial, with 92% of participants considering convenience key to provider selection. Trust in healthcare providers has strengthened, with 44% of consumers expressing greater appreciation than pre-pandemic.

Positive
  • 81% of consumers prioritize awareness of overall happiness and life satisfaction by their primary care provider.
  • 83% of consumers value coordination among health care providers.
  • 92% of consumers deem convenience important in selecting primary care providers.
  • 44% of consumers have increased appreciation for their healthcare providers post-pandemic.
Negative
  • Many consumers struggle to adhere to their health plans or medication schedules.
  • Providers report high time expenditure on discussing COVID-19 prevention with patients.

2022 Health Care Insights Study finds consumers are seeking deeper, more personalized provider relationships that deliver whole-person outcomes

WOONSOCKET, R.I., July 11, 2022 /PRNewswire/ -- The CVS Health (NYSE: CVS) 2022 Health Care Insights Study, released today, reveals that U.S. consumers—many of whom delayed care over the past several years because of COVID-19—are now eager to restart their health and wellness journeys. Consumers say they want more meaningful and engaging relationships with health care providers and want them to know about and address their holistic health goals. Most consumers perceive "health" and "health care" as all-encompassing and say they now have a new awareness of how physical health connects to social, emotional and mental health. Also, despite pandemic-related uncertainty about new variants, consumers continue to rely on their physicians and other health care providers to obtain trusted medical information.

CVS Health surveyed 1,000 U.S. consumers and 400 health care providers about what kind of health care experience they want and what barriers may hinder their ability to achieve desired health outcomes. The study also reveals consumers' evolving views about a post-pandemic health care industry, how consumers perceive their own well-being, and what consumers define as an ideal care delivery experience.

"The pandemic changed nearly everything about our world—including the way many consumers view the importance of their health," says CVS Health President and CEO Karen S. Lynch. "As we look to the future, CVS Health is uniquely positioned to reimagine health care that is centered around people—simpler, more accessible, and more affordable, with better health outcomes."

Study results show health care providers and consumers agree that increasing engagement and communication improves health outcomes. Whether their goal is decreasing daily stress levels or increasing overall well-being, 81% of consumers say it is very important their primary care provider is aware of patients' overall happiness and life satisfaction levels, and to be aware of how patients deal with difficult emotions and stress.  

The Health Care Insights Study also reveals consumer desire for health care to become more coordinated, seamless and holistic, with 83% of consumers saying coordination among all their health care providers is important to their health.

Survey respondents consider convenience, accessibility and cost as key factors shaping their health care experience and outcomes. Virtual care options are valuable, as consumers want to receive medical care on their own terms. Nearly all consumers (92%) say convenience is an important factor when choosing their primary care provider, with more than one in three (37%) having scheduled a virtual visit to save money or time. Health care providers say virtual options are helping more patients adhere to their care plans, and most (53%) say adding virtual care options has resulted in more patient visits. Virtual care visits also allow patients to speak about tough topics like mental health issues, depression, or substance abuse concerns more intimately and conveniently, with 48% of consumers saying they are likely to seek out mental health services if a virtual visit is available.

Although the COVID-19 pandemic has created opportunities to innovate across the health care industry, the Health Care Insights Study also found that many consumers are struggling to adhere to their health plan or take their medications as directed. Better communication could help. Most health care providers (94%) believe that interventions like text reminders or phone follow-ups support patients in following a prescribed care plan. Similarly, 71% of consumers say it is very or somewhat important to their health that they have customized alerts and receive reminders about screenings or checkups.

The good news is that consumers' trust in their health care providers has remained strong despite pandemic-related difficulties. Forty-four percent of consumers say they now have more appreciation for their health care provider than pre-pandemic.

Other highlights from the study include:

  • Physicians value a team-based care approach. 68% say coordinating with their patients' other health care providers had a high to moderate impact on their ability to achieve desired patient outcomes.
  • Consumers want care that is open-ended, flexible, and unique. Consumers are open to non-traditional health care options, with over half–54%–saying holistic care options involving diet, exercise and counseling are very or somewhat important to them.
  • Health care providers report they are spending a significant amount of time discussing COVID-19 prevention and safety with their patients. 68% of health care providers report they always or often discuss COVID-10 prevention/safety and vaccine efficacy with their patients.

Read the full study.

About the study 

The Health Care Insights Study (HCIS) by CVS Health was first released in 2018. This year, two questionnaires were fielded by Market Measurement, a national market research consulting firm. The consumer survey was fielded to 1,000 participants 18 years and older, located throughout the U.S. It also oversampled six metropolitan statistical areas–Atlanta, Houston, Chicago, Columbus, Philadelphia, and Phoenix as well as a group who self-identified as Black and a group who self-identified as Hispanic. The professional survey was fielded to 400 health care providers focused on primary care physicians and specialists with at least two years' experience, as well as nurse practitioners, pharmacists and physician assistants.

About CVS Health 

CVS Health is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Learn more at www.cvshealth.com.

Contacts: 

Kathleen Biesecker
Email: BieseckerK@cvshealth.com
Phone: 703-472-8466

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/consumers-want-a-more-connected-personal-health-care-experience-new-cvs-health-study-reveals-301583139.html

SOURCE CVS Health

FAQ

What were the key findings of the CVS Health 2022 Health Care Insights Study?

The study found that consumers desire deeper relationships with providers, with 81% valuing their awareness of overall happiness.

How has consumer trust in healthcare providers changed according to CVS's study?

The study indicates that 44% of consumers have greater appreciation for their healthcare providers than before the pandemic.

What percentage of consumers consider convenience essential in choosing a healthcare provider?

92% of consumers believe convenience is crucial when selecting their primary care provider.

What challenges do consumers face in healthcare adherence according to the CVS study?

Many consumers reported difficulties in adhering to health plans and medication schedules, impacting their health outcomes.

How important is care coordination to consumers based on CVS's insights?

83% of consumers stated that coordination among healthcare providers is important to their health.

CVS HEALTH CORPORATION

NYSE:CVS

CVS Rankings

CVS Latest News

CVS Stock Data

55.68B
1.26B
0.13%
82.89%
1.7%
Healthcare Plans
Retail-drug Stores and Proprietary Stores
Link
United States of America
WOONSOCKET