Cvs Health Corporation · NYSE:CVS
Cvs Health — Oak Street Health — Investor Day (December 2023)
6 slides from Cvs Health's investor day presentation, Dec 4, 2023
Slide 1: Oak Street Health Overview
Oak Street Health Overview December 4, 2023
Slide 2: Introduction to Oak Street Health
Introduction to Oak Street Health We are… A patient-centric network of primary care 204 Oak Street owned and operated centers by EOY 2023 centers for Medicare-eligible patients We leverage… 25 States covered by EOY 2023 The Oak Street Health platform to provide comprehensive care for our patient pop
Slide 3: Oak Street Health has created a model that invests upfront to keep patients out of the hospital
Oak Street Health has created a model that invests upfront to keep our patients happy, healthy, and out of the hospital Challenges in Primary Care Settings Fee For Service Oak Street Health Not enough time with patients 2,000+ average doctor patient panel 1 ~500 patient panel No patient specializati
Slide 4: De novo model ensures every center follows a standard structure that easily scales
De novo model ensures every center follows a standard structure that easily scales Identify Build ● Formulaic, data-driven approach leads to favorable ● Consistent look and feel center locations builds brand awareness ● Existing retail infrastructure ● ~1,000 sf of community repurposed as convenient
Slide 5: Oak Street Health has a proven track record of growth and plans to continue national expansion
Oak Street Health has a proven track record of growth and plans to continue its national expansion Geographically Diverse Year2 New Total States Center Footprint1 Centers Centers 2013 2 2 1 IL 2014 5 7 1 14% All Other 30% 2015 8 15 2 TX 10% 2016 4 19 3 NY 9% 2017 5 24 3 NC 5% PA OH 7% 2018 15 39 5 6
Slide 6: Acorn ACO and DCE performance demonstrate ability to drive medical cost savings beyond MA
Acorn ACO and DCE performance demonstrate ability to drive medical cost savings across programs beyond MA Acorn ACO1,2,3 Direct Contracting3,5 ACO MA Net savings ($M) Net savings rate (%) $1,500 100% $16 20% $1,278 $14.6 $1,140 $1,000 15.5% 69% 80% 68% $12 15% $500 60% $0 $8 10% 40% -$500 $4 5% $777