CVS, Aetna name new CIO

CVS Health has named Roshan Navagamuwa as its new chief information officer to lead the company’s integration with Aetna, which it acquired late last year, The Wall Street Journal reported.

Navagamuwa has served as interim CIO over the past year and will lead the information technology and IT system integration. He reports to CVS COO and executive vice president Jonathan Roberts. He joined CVS in 2012.

“We are bringing two world-class IT organizations together as part of this integration,” Navagamuwa told the WSJ. “While there are opportunities to integrate enterprise systems, the most exciting opportunities are what we can build as a result of the two entities coming together.”

CVS Health acquired Aetna for $69 billion in 2018, bringing together one of the nation’s largest pharmacy benefit managers and retailers with a major insurance provider. The deal closed between the two companies, but as they have begun to integrate, the transaction still needs court approval. Recently, the Department of Justice, which cleared the transaction last year, asked a judge to approve the deal.

See the full story below:

Amy Baxter

Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”