WOONSOCKET, R.I. — When asked about the high points of his professional life, Roberts, who retired as CVS Health’s chief operating officer at the end of June, cites three pivotal moments — the Pharmacy Services Initiative he led in 2000; the development and deployment in 2005 of RxConnect, the technology platform that still powers the
WOONSOCKET, R.I. — Jon Roberts will retire as chief operating officer of CVS Health in June, the company announced. CVS said that it does not plan to hire a new COO at the moment. A 42-year company veteran, Roberts has been COO since March 2017. Before that, he served as president of CVS Caremark, the
WOONSOCKET, R.I. — CVS Health said it plans to add more than 2,000 new COVID-19 drive-thru test sites at select CVS Pharmacy locations across the country to support the company’s ongoing efforts to increase access to testing and help slow the spread of the virus. The company also said it has administered three million COVID-19
WOONSOCKET, R.I. —CVS Pharmacy has issued a face covering policy at all locations for customers. CVS Health chief operating officer Jon Roberts provided the following update on the use of face coverings at CVS Pharmacy locations: “Since the pandemic began, we’ve done everything we can to keep people safe and healthy. This includes requiring that store
WOONSOCKET, R.I. — As part of its commitment to helping build healthier communities, CVS Pharmacy on Tuesday applauded Governor David Ige and the state legislature for enacting new legislation (HB-1272) that will enable the installation of safe medication disposal units this month in many Longs Drugs locations across Hawaii. CVS Health and CVS Pharmacy operate Longs Drugs
WOONSOCKET, R.I. — CVS Health has announced the management team that, following the close of the Aetna acquisition, will lead the combined company into the future. Aetna will operate as a stand-alone business unit within the CVS Health enterprise following the close and will be led by members of its current management team. In addition,
WOONSOCKET, R.I. — CVS Health has reported that, in 2017, the company kept drug price growth nearly flat for its pharmacy benefit management (PBM) clients, at a minimal 0.2%, despite manufacturer price inflation near 10%. Overall, the combination of this nearly flat drug price growth, with low drug utilization growth of 1.7%, reduced drug trend
TORONTO — Helena Foulkes has been named chief executive officer of Hudson’s Bay Co. (HBC), an international department store and off-price retailer. The move brings to an end a 25-year career at CVS Health, where Foulkes most recently served as corporate executive vice president and president of CVS Pharmacy, the company’s retail pharmacy business. Following
WOONSOCKET, R.I. — CVS Health has announced two major agreements to boost pharmacy benefit management services. The company late last month introduced a 30,000-store performance-based pharmacy network anchored by CVS Pharmacy and Walgreens designed to deliver savings and improved clinical outcomes for CVS Caremark PBM members. That followed the company’s announcement of a five-year deal
WOONSOCKET, R.I. — For its CVS Caremark pharmacy benefit manager, CVS Health next year plans to roll out a new 30,000-store pharmacy network anchored by CVS Pharmacy and Walgreens. CVS said late Tuesday that the performance-based network also will include up to 10,000 independent community pharmacies nationwide. Besides yielding unit cost savings, the CVS Caremark
WOONSOCKET, R.I. — CVS Health plans to extend its Transform Diabetes Care initiative to four more disease states over the next two years. The program is expected to also cover asthma, hypertension, hypercholesterolemia and depression by midsummer 2019. Launched late last year, Transform Diabetes Care is designed to lower pharmacy costs through aggressive trend management
WOONSOCKET, R.I. — CVS Health plans to extend its Transform Diabetes Care initiative to four more disease states over the next two years. The program is expected to also cover asthma, hypertension, hypercholesterolemia and depression by midsummer 2019. Launched late last year, Transform Diabetes Care is designed to lower pharmacy costs through aggressive trend management
WOONSOCKET, R.I. — CVS Health last month announced the launch of Reduced Rx, a prescription savings program offering discounts on certain medications directly to patients through the company’s pharmacy benefits manager, CVS Caremark. The announcement came a day after the company reported that prescription growth for CVS Caremark clients slowed in 2016 to its lowest
WOONSOCKET, R.I. — CVS Health plans to serve up discounts on certain medications via a new prescription drug savings program called Reduced Rx. CVS said Thursday that Reduced Rx is designed to help patients with high out-of-pocket costs afford vital medications. The discounts will be offered directly to patients through CVS Caremark, the company’s pharmacy benefit
