Amid a number of latest developments at CVS Well being (NYSE: CVS), Signify Well being and Oak Avenue Well being are shiny spots, based on firm executives.

“Signify delivered one other robust quarter,” David Joyner, president and CEO of CVS Well being, mentioned throughout the firm's third-quarter earnings name. “The variety of Aetna members served by Signify has practically doubled in comparison with final 12 months, supported by our capacity to leverage touchpoints inside CVS Well being. Our enterprise connections additionally continued to speed up affected person development on Oak Avenue.”

In 2023, CVS Well being accomplished its acquisitions of Oak Avenue Well being and Signify Well being for greater than $18 billion.

Signify is a home-centric platform that makes use of analytics, know-how, healthcare supplier networks and greater than 10,000 physicians to energy value-based fee applications. The corporate additionally gives at-home assessments as a part of its mannequin.

Finally, Oak Avenue Well being is a Chicago-based, senior-focused main care supplier. The corporate operates greater than 225 facilities in 27 states.

Joyner – who took over as CEO final month amid the unrest – famous that the variety of Aetna members enrolled in Oak Avenue Well being has quadrupled for the reason that acquisition was accomplished. The corporate's threat membership can also be up 32% from the identical quarter final 12 months.

“By means of considerate profit design, we proceed to introduce Aetna members to high-quality suppliers like Oak Avenue Well being, enhancing member experiences and delivering higher well being outcomes,” mentioned Joyner.

Joyner additionally defined the significance of the Oak Avenue Well being mannequin to CVS Well being's total operations.

“Oak Avenue is clearly managing prices a lot better than the remainder of our ebook, so the very fact is that the mannequin works and it really works in underserved markets, particularly for the inhabitants that’s essential to this firm,” he mentioned. “The mixing between Aetna and Oak Avenue is enhancing. For the reason that acquisition, membership has quadrupled, proving that we are able to see actual efficiency after we leverage the corporate's collective efforts.”

Moreover, Joyner outlined CVS Well being's broader plan for Signify Well being.

“The purpose right here is clearly to make use of Signify as a platform,” he mentioned. “The sophistication and the know-how that they've invested round logistics and reaching members of their properties, it's a platform that we are able to actually construct past simply the in-home evaluation, so that may drive the message and the main focus of the corporate to proceed to serve folks, each in healthcare and at dwelling, and we consider we’ve got the suitable assets to try this.”

CVS Well being has skilled many latest modifications and developments in latest months.

In September, hedge fund investor Glenview Capital Administration reportedly met with CVS Well being executives to debate monetary efficiency and enhance operations.

The corporate additionally introduced it might lay off 2,900 staff round this time.

Joyner took over in mid-October, changing Lynch.

Throughout the name, Joyner additionally mentioned new management appointments on the firm.

“Immediately we introduced two management appointments that may assist us drive higher efficiency throughout the enterprise and at Aetna specifically,” mentioned Joyner. “First, Prem Shah, who has led our pharmacy and client wellness companies, is elevated to group president and can now even be accountable for the healthcare section. Second, we named Steve Nelson president of Aetna. Steve is an trade veteran who has efficiently led a number of managed care corporations and pushed innovation and development all through his profession. Steve was a former CEO of UnitedHealthcare and has served in numerous management roles with a confirmed observe file of attaining development, profitability, improved worker engagement and buyer satisfaction.”

One other latest management appointment was Andreana Santangelo as CFO of Aetna.

Within the third quarter, revenues rose to $95.4 billion, a rise of 6.3% in comparison with $89.7 billion within the third quarter of final 12 months.

The corporate's healthcare section introduced in $44.1 billion this quarter, down 6% from the $46.8 billion introduced in throughout the identical interval final 12 months.