Signify Well being continues to spotlight the effectiveness of CVS Well being's (NYSE: CVS) at-home capabilities.

Signify – CVS Well being's acquired value-based care platform – carried out 649,000 at-home assessments for multi-payer Medicare Benefit companions within the fourth quarter of 2023, up 20% year-over-year.

“Amongst our Aetna clients, we’re broadening our addressable market, leveraging the robust capabilities of Signify and different merchandise – together with particular person change and Medicaid,” mentioned Karen Lynch, president and CEO of CVS Well being, throughout an earnings name for the fourth quarter of 2023. “We’ll broaden these capabilities with further clients and add worth by partaking shoppers and their well being throughout a number of channels.”

CVS Well being initially accomplished its $8 billion acquisition of Signify Well being – a value-based platform that provides at-home well being threat assessments, amongst different providers – in March 2023.

The corporate then accomplished its $10.6 billion deal to accumulate main care supplier Oak Road Well being in Might.

With each Signify and Oak Road, CVS Well being continues to see success in its healthcare enterprise, Lynch mentioned. Oak Road – a high-risk, frontline aged care group – ended 2023 with 202,000 lives in danger, up 27% year-on-year.

By January, the variety of Aetna members enrolled in Oak Road clinics doubled.

Complete income rose to $93.8 billion, up 11.9% 12 months over 12 months. For the healthcare branches, income amounted to $49.1 billion, a rise of 12.3% 12 months on 12 months.

This enhance was pushed by components resembling modifications in drug combine, progress in specialty pharmacies, model value will increase and the acquisitions of Oak Road Well being and Signify Well being. Nonetheless, modifications in costs for pharmacy shoppers have partially offset these positive aspects.

Thomas Cowhey, EVP and CFO of CVS Well being, mentioned the corporate is inspired by the efficiency and progress of its healthcare property

Signify achieved 39% income progress within the quarter in comparison with final 12 months. Oak Road ended the quarter with 204 facilities – a rise of 35 facilities in comparison with 2023.

“We proceed to anticipate so as to add 50 to 60 facilities by 2024,” Cowhey mentioned on the decision. “Oak Road additionally elevated gross sales considerably within the quarter, with progress of 36% in comparison with the identical quarter final 12 months.”