Vijay Patel, CVS Health Ventures, on the imperative to invest in digital health

The Pulse by Wharton Digital Health

In this episode, we chatted with Vijay Patel, Co-Founder and Partner at CVS Health Ventures, a $100M fund dedicated to investing and partnering with high potential health technology startups aimed at building towards CVS’ vision of creating more consumer-centric care. We discussed: - The establishment of CVS Health Ventures as a fund dedicated to digital health opportunities, creating the potential for longer-term strategic actions and extended time horizons for realizing investment payoff - The mandate of CVS Health Ventures to not only invest in but also partner with high-potential, early-stage digital health companies to forward CVS Health’s strategic goals of making health care more affordable and accessible for consumers - Leaning into CVS Health’s role as a trusted health care provider in communities by continuing to partner with local and national organizations to expand health care access - Investing in behavioral health, diagnostics, and virtual care delivery assets and capabilities - trends accelerated by COVID-19 and likely to persist