STOCK TITAN

CVS Health appoints Dr. Amar Desai to lead newly formed Health Care Delivery organization

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

CVS Health® announced the appointment of Dr. Amar Desai as President of the newly formed Health Care Delivery organization, effective October 17. Dr. Desai, formerly CEO of Optum Pacific West, will direct CVS Health's clinical delivery strategy, focusing on retail health, chronic disease management, and behavioral health. This strategic move aims to enhance the company's health services while leveraging its extensive portfolio. CEO Karen S. Lynch emphasized Dr. Desai's clinical expertise as vital for delivering high-quality care to patients.

Positive
  • Appointment of Dr. Amar Desai expected to bring valuable clinical insights.
  • Formation of Health Care Delivery organization aims to strengthen CVS's health services strategy.
Negative
  • Potential challenges in continuity with the leadership change.

WOONSOCKET, R.I., Oct. 6, 2022 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced it has appointed Dr. Amar Desai as President, Health Care Delivery, effective October 17. He will lead the newly formed Health Care Delivery organization, overseeing implementation of key areas of the company's health services and care delivery strategy.

"This new organization will leverage the strength of the CVS Health portfolio to develop and implement payor-agnostic products and services," said CVS Health President and CEO Karen S. Lynch. "Amar's deep background in clinical delivery and value-based care will be an asset as we continue to deliver high quality health and wellness care to our members and consumers."

Dr. Desai will oversee the company's clinical delivery strategy to support retail health, chronic disease management and behavioral health. He will become a member of the CVS Health executive leadership team and report to Lynch.

Prior to joining CVS Health, Dr. Desai served as President and Chief Executive Officer, Optum Pacific West, where he was responsible for overseeing an integrated delivery network with more than 20,000 physicians serving 2.5 million patients. Prior to Optum, Dr. Desai served as President of HealthCare Partners, a leading value-based medical group serving over 700,000 patients.

"CVS Health is uniquely positioned to change the way that consumers receive, pay for and experience their care," said Dr. Desai. "I look forward to working with the CVS Health management team as we continue to deliver new solutions to improve outcomes for the people we serve."

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. Follow @CVSHealth on social media.

Media contact
T.J. Crawford
212-457-0583
CrawfordT2@CVSHealth.com

Investor contact
Larry McGrath
800-201-0938
InvestorInfo@CVSHealth.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cvs-health-appoints-dr-amar-desai-to-lead-newly-formed-health-care-delivery-organization-301642093.html

SOURCE CVS Health

FAQ

Who is Dr. Amar Desai and what is his role at CVS Health?

Dr. Amar Desai is appointed as the President of the newly formed Health Care Delivery organization at CVS Health, effective October 17. He will oversee the company's clinical delivery strategy.

What is the purpose of CVS Health's new Health Care Delivery organization?

The Health Care Delivery organization aims to implement key areas of CVS's health services and care delivery strategy, focusing on improving patient care and outcomes.

When does Dr. Amar Desai officially start his role at CVS Health?

Dr. Amar Desai will officially begin his role as President of Health Care Delivery on October 17.

What experience does Dr. Amar Desai bring to CVS Health?

Dr. Desai previously served as President and CEO of Optum Pacific West, overseeing an integrated delivery network with over 20,000 physicians and 2.5 million patients.

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