CVSAnother venture flex
CVS Health Ventures just helped lead a $40 million investment round into H1, the health-tech company working on AI tools for provider data and directory accuracy. In plain English: CVS is backing software that helps people find the right doctors without feeling like they’re doom-scrolling through a broken government website.
Why this matters
This isn’t just some VC vanity project. CVS said the two companies have already worked together on a new AI model that improved health care provider directory accuracy, which matters if you’ve ever tried to book an appointment and ended up in a maze of outdated phone numbers and wrong addresses.
For CVS, the move is a reminder that it’s trying to be more than a retailer with a red logo. The company has been leaning into health services, data, and digital tools, and investments like this are how it keeps a foot in the innovation door without building everything in-house.
Big picture
If the bet pays off, CVS could get better patient routing, stronger digital infrastructure, and maybe a little more credibility as a health-care platform rather than just a place to grab aspirin and toothpaste. Big picture: in health care, making the system less annoying is basically a growth strategy.