WOONSOCKET, R.I. — CVS Caremark, the Pharmacy Benefit Manager (PBM) of CVS Health, is continuing its long-standing agreement to serve the Government-wide Service Benefit Plan.  Since 1993, CVS Caremark has provided high-quality pharmacy care to the Service Benefit Plan to help federal employees, retirees and their families achieve prescription drug savings and better health outcomes, while being a responsible steward of taxpayer dollars.

The expanded contract will go into effect January 1, 2022 and now includes specialty pharmacy in addition to existing retail, mail and clinical pharmacy services in the current contract. More than 700 Service Benefit Plan-dedicated colleagues in CVS Caremark are poised to deliver on the next generation of this agreement and help keep the country’s federal workforce healthy.

“We’re incredibly thankful to continue to innovate and provide unique services to the Service Benefit Plan and the millions of people it serves,” said Dr. Alan Lotvin, president of CVS Caremark. “The Service Benefit Plan is one of the largest and most sophisticated purchasers of prescription medications, and we’re proud they’ve chosen our legacy experience and full suite of PBM tools to lower drug costs, deliver clinical quality and create an outstanding member experience.”

Specialty medications are a critical and growing area of pharmacy spend, and effectively managing those drug costs while ensuring improved member outcomes requires a comprehensive approach spanning all aspects of pharmacy management.  Specialty conditions are complex, making patient support and clinical engagement a core component of specialty management – ensuring the right therapies are being used at the right time for the right patients.