CVS Health Foundation Invests $5 Million for Community Health Access And Affordability

Additional investments grants have improved access to health care coordination

CVS Health Foundation, a charitable wing of CVS Health Corporation(NYSE:CVS) has announced the start of 55 new charitable healthcare initiatives, worth around $5 million for further improvement of community healthcare access, as well as making it affordable.

The fresh investments come as the new data released by the Foundation shows that the initiatives are resulting in improved access to healthcare and increased coordination in management of chronic health diseases. It has, up to date, supported more than 150 organizations, which made efficient utilization of their disbursed funds to improve healthcare for public throughout the country, though there is room for more improvement.

Before the announcement of the new grant, the newly published KPIs from the data received depicted the following results from the previous investment grants:

1) The  grants that were previously awarded to the medical centers in 2014  has  allowed the grantees to boost  their operating hours as well as  the number of patient visits, which has concurrently resulted in a dip of patient emergency room visits, in addition to improvement in patient compliance.

2) CVS Health Foundation's provision of technical assistance to the grantees has resulted in better coordination of patient care among various healthcare centers. It has also helped in reducing patient care costs and brought improved medical outcomes for patients.

3) The Foundation's funds, being utilized by the centers, has managed to help patients in managing and preventing a range of chronic diseases, ranging from heart diseases to asthma related illness, helping to bring down avoidable healthcare expenses across the system.

For this year, the 2015 grant will continue to invest on those critical clinical healthcare initiatives, but it is now adding the use of supportive innovative medical technology, as well as boosting smoking cessation programs. Additional goal will also cover underserved patients who may not be at reach by the healthcare communities, and such services not being accessible to them.

CVS stock price ended at $102.93 on the close of day, down 0.20% from the previous day, due to lack of triggers and news, and the insider transaction of 33,384 shares worth a total of $3,421,526, putting pressure on the stock price. It was speculated previously that CVS health initiatives do not invite a lot of investors’ attention due to lack of business context, though it is highly appreciated by social activists. They believe this will help in achieving even greater stock price,