CVS Health©, which plans to spend $20 billion on technology over the next decade, is proud to join more than 60 health care and technology companies supporting the Centers for Medicare and Medicaid Services (CMS) Health Tech Ecosystem initiative. This effort, announced at a “Make Health Tech Great Again” event at the White House on July 30, is focused on laying the foundation for a next-generation digital health ecosystem.
“With the commitments made by these entrepreneurial companies today, we stand ready for a paradigm shift in the U.S. health care system for the benefit of patients and providers,” CMS Administrator Dr. Mehmet Oz said in a press release.
“At CVS Health, we are reimagining the health care experience to be consumer directed, proactive and fully integrated, minimizing healthcare friction and transforming access, cost, and quality of care,” said Tilak Mandadi, CVS Health Executive Vice President, Ventures and Chief Experience and Technology Officer. “We are pleased to join with others in government and the private sector, leading the way to Make Health Tech Great Again.”
CVS Health recently committed to invest $20 billion over the next decade to transform the health care experience through emerging technologies that simplify how we do business and improve customer engagement. This investment includes the development of an open platform that can enable seamless access to payers, providers, PBMs, pharmacies, or digital health tools.
CVS Health is trying to help solve for the fact that systems aren't talking to one another, and is taking action to do so. Overall, as the American health care system, consumers deserve better and we are prepared to deliver it.
“This is a once-in-a-lifetime opportunity to transform health care,” said Tony Ambrozie, CVS Health Senior Vice President and Chief Digital and Technology Officer for Pharmacy and Consumer Wellness, who attended the White House event. “How the private sector and government collaborate on this will be vital to creating a health care system that’s truly built to serve patients. We can make health care simpler and more efficient – leading to better experiences and better health outcomes.”
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About CVS Health
CVS Health is a leading health solutions company building a world of health around every consumer, wherever they are. As of March 31, 2025, the Company had more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, a leading pharmacy benefits manager with approximately 88 million plan members, and a dedicated senior pharmacy care business serving more than 800,000 patients per year. The Company also serves an estimated more than 37 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company’s integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.
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