USA – CVS Health is making digital transformation a key priority for 2025, aiming to improve customer experience and streamline healthcare management.
During the company’s fourth-quarter earnings call on February 12, CEO David Joyner highlighted the advancement of digital strategies as one of four main objectives for the year.
Enhancing access, affordability, and convenience
A major part of this strategy is the newly redesigned CVS Health app, which is designed to offer greater accessibility, affordability, and convenience to its 60 million digital users.
According to a January press release, the app provides a wide range of services, including prescription management, health spending tracking, and wellness content across CVS Pharmacy, CVS Caremark, and CVS Specialty pharmacies.
Users can also schedule immunizations and access detailed information on their healthcare spending.
“Our updated CVS Health app makes it easier for consumers to manage their health by giving them seamless access to appointments, copay details, and prescription status,” Joyner said.
He also emphasized that artificial intelligence (AI) is being integrated to create a more intuitive workflow and faster turnaround times, reducing frustration for both members and healthcare providers.
Future updates to the app will include tools to help patients manage chronic conditions, improved integration with Aetna and Caremark services, and digital resources to support overall health and wellness.
A digital health concierge for consumers
CVS Health is positioning the app as a personal health concierge for users, according to Tony Ambrozie, the company’s Senior Vice President and Chief Digital and Technology Officer.
The app now features a redesigned home screen that provides personalized health reminders and recommendations tailored to individual users.
Other key improvements include faster in-store pickups, AI-powered search, and wellness content provided in collaboration with partners like Headspace and Everyday Health.
Plans for future enhancements also include AI-powered chat features to further improve user experience.
Strengthening Digital Engagement for a Better Healthcare System
CVS Health’s digital transformation aligns with broader industry trends as more consumers turn to digital tools for healthcare management.
A report from PYMNTS Intelligence found that 57% of U.S. consumers have sought preventative healthcare online, and 148 million are using health apps for wellness activities such as guided meditation and fitness tracking.
Joyner emphasized that CVS Health’s unique position in the market, along with its deep connections with consumers and healthcare providers, allows it to create a more efficient and personalized healthcare experience. “We have strong momentum heading into 2025,” he stated.
Financial growth and future projections
Despite industry challenges, CVS Health reported positive financial results. In the fourth quarter, revenue increased by 4.2% to US $97.7 billion, with full-year revenue also rising by the same percentage to US $372.8 billion.
Looking ahead, the company projects total revenue of at least US $385.9 billion for 2025.
Joyner acknowledged external challenges but remained optimistic. “While there are external factors that pose near-term challenges, there are also many reasons to be excited,” he said.
He pointed to key opportunities such as an aging population, advancements in AI, and the demand for more personalized healthcare.
Addressing rising healthcare costs
One of the major concerns for consumers is the increasing cost of healthcare. “Rising healthcare costs put pressure on consumers as they see increasing challenges with affordability,” Joyner noted.
He attributed this to a combination of factors, including greater utilization of healthcare services, rising provider costs, labor shortages, and significant price hikes for branded medications.
Pharmacy Benefit Managers (PBMs), such as CVS Caremark, play a crucial role in controlling these costs.
“Our work is a critical counterbalance to the monopolistic tendencies of drug manufacturers,” Joyner stated.
He pointed out that PBMs help generate over US $100 billion in net value for the U.S. healthcare system each year by negotiating lower drug prices.
A Commitment to Improving the Healthcare System
As CVS Health looks ahead, its focus remains on enhancing the healthcare experience for its members. Joyner stressed the company’s commitment to making the system more transparent and efficient.
“While we have made progress addressing some of the frictions that exist in the U.S. healthcare system, including leading the industry in increasing transparency and simplicity, we know the healthcare system must be better,” he said.