WOONSOCKET, R.I. — Veteran CVS Health executive Jon Roberts has been named the company’s executive vice president and chief operating officer, a new position. CVS said Thursday that Roberts, who was president of the CVS Caremark pharmacy benefits management unit, will continue to report to CVS Health president and chief executive officer Larry Merlo. As
WOONSOCKET, R.I. — CVS Health topped Wall Street’s earnings-per-share forecast and, driven largely by its PBM unit, saw double-digit sales gains for the 2016 fourth quarter and full year. CVS said Thursday that for the fourth quarter ended Dec. 31, revenue totaled $45.97 billion, up 11.7% from $41.15 billion a year earlier. For the 2016
WOONSOCKET, R.I. — As Larry Merlo sees things, health care delivery in the United States is a tale of two incompatible models, a costly, inefficient one rooted in the past, and another focused on a future of increased patient access, improved outcomes and lower costs. “At the moment, it’s as if we have two health
WOONSOCKET, R.I. — Early next year, CVS Health plans to launch a diabetes care program for its pharmacy benefit management (PBM) clients that provides clinical services and cost management solutions. Called Transform Diabetes Care, the program offers members tailored support to improve the health outcomes, reduce pharmacy costs via trend management, and lower medical costs
CVS Health’s scaled-back 2017 guidance, given in its third-quarter report this week, spotlights an intensifying competitive battle with rival Walgreens Boots Alliance. CVS reported that for fiscal 2017 it expects to lose over 40 million retail prescriptions due to marketplace changes, notably narrower retail pharmacy networks excluding CVS Pharmacy drug stores. The announcement sent CVS
WOONSOCKET, R.I. — CVS Health posted sales gains in both of its business units and adjusted earnings per share above Wall Street’s forecast for the 2016 third quarter. However, CVS said Tuesday that it lowered its outlook for full-year 2016 and, in preliminary guidance for fiscal 2017, expects to lose over 40 million retail prescriptions
WOONSOCKET, R.I. — CVS Caremark has received health call center, pharmacy benefit management and drug therapy management accreditations from health standards body URAC. CVS Health said Wednesday that the URAC Health Call Center Accreditation is for its Pharmacy Advisor counseling program, whose call center offers personalized care to members with chronic conditions through targeted live
WOONSOCKET, R.I. — CVS Health is celebrating the one-year anniversary of its ScriptSync medication synchronization program. The pharmacy service that enables patients who regularly take multiple medications to pick up eligible maintenance prescriptions in a monthly visit to a CVS Pharmacy store. More than a million customers have been enrolled in ScriptSync, and preliminary results
WOONSOCKET, R.I. — It’s now over a year that CVS Health launched its ScriptSync medication synchronization program, and for many participants the service has made a difference. CVS said Thursday that in the past year, more than 1 million patients have been enrolled in ScriptSync at CVS Pharmacy. Preliminary results, which tracked enrolled patients’ average days
WOONSOCKET, R.I. — Interventions that keep chronic disease patients on their medications are “extraordinarily cost-effective,” according to CVS Health. CVS said Monday that a new study from the CVS Health Research Institute, published in The American Journal of Managed Care, also found a greater opportunity for savings if medication adherence resources focus on patients with
WOONSOCKET, R.I. — CVS Health president and chief executive officer Larry Merlo is slated to deliver a keynote address today on public health challenges at the America’s Health Insurance Plans (AHIP) Institute and Expo in Las Vegas. Merlo, whose presentation is titled “Corporate America’s Role in Reducing Chronic Illness and Delivering Better Health,” is scheduled
WOONSOCKET, R.I. — CVS Health has opened its first CVS Pharmacy locations inside Target stores in Utah. CVS said Thursday that the 13 new pharmacies are at Target stores in the Ogden–Clearfield, Provo–Orem, Salt Lake City and St. George, Utah, metropolitan areas. They join 11 CVS Pharmacy drug stores in the state. In Target stores,
WOONSOCKET, R.I. — CVS Health’s specialty pharmacy, CVS Specialty, has been awarded Specialty Pharmacy accreditation from URAC, a nonprofit agency that promotes health care quality through the accreditation of organizations engaged in health care services. “Receiving accreditation from URAC demonstrates our commitment to providing high-quality care to patients served by CVS Specialty,” stated Alan Lotvin,
WOONSOCKET, R.I. — CVS Caremark, the pharmacy benefit management unit of CVS Health, has received mail service pharmacy accreditation from URAC, a Washington, D.C.-based health care standards organization. CVS said Tuesday that URAC’s Mail Service Pharmacy Accreditation covers standards on core organizational quality, customer service, communications and disclosure, drug utilization management and pharmacy operations, as
