Wendy future of retail top

CVS Health

CVS appoints chief policy officer

WOONSOCKET, R.I. — CVS Health has appointed Thomas Moriarty to the new position of chief policy and external affairs officer. He had been executive vice president, general counsel and chief strategy officer. In addition, CVS has consolidated corporate communications, legal, government affairs and public policy into one operating unit under Moriarty, who continues to report

Surescripts raises bar for e-prescriptions with Sentinel

Surescripts raises bar for e-prescriptions with Sentinel

ARLINGTON, Va. — Surescripts aims to sharpen the accuracy of electronic prescribing with the launch of its new Sentinel automated e-prescription monitoring system. Announced this week, Sentinel will boost patient safety, care quality and workflow efficiency by pinpointing areas for improvement and analyzing e-prescribing trends for better patient care, the health information network said. Sentinel

Public policy challenges take center stage

Public policy challenges take center stage

CVS Health earlier this month named Tom Moriarty to the new position of chief policy and external affairs officer. As explained by president and chief executive officer Larry Merlo, the rationale behind the creation of the role is to “deliver an integrated approach to policy development and external engagement so the company can contribute to

CVS showcases new front-of-store experience

CVS showcases new front-of-store experience

NEW YORK — As shown by the evolution of its front-end strategy, CVS didn’t change its name to CVS Health and remove tobacco products from its stores more than two years ago for nothing. Executives at the interactive brand showcase CVS held Wednesday in Manhattan noted that health and well-being underpins virtually all facets of

CVS Pharmacy pushes ahead with front-end plan

CVS Pharmacy pushes ahead with front-end plan

WOONSOCKET, R.I. — CVS Pharmacy has unveiled the next phase of its front-end strategy, including new store designs, more better-for-you food and health-focused products, expanded beauty offerings and informational signage storewide. CVS said more than 800 stores nationwide have been remodeled with the new front-end design and assortment, and over 3,400 locations now have expanded

CVS MinuteClinic expands veterans’ access to care

CVS MinuteClinic expands veterans’ access to care

PHOENIX — CVS Health’s MinuteClinic is taking part in a public-private alliance to expand access to health care services for veterans in the Phoenix area. Under an initiative by the Department of Veterans Affairs (VA), the Phoenix VA Health Care System (HCS), the TriWest Healthcare Alliance and CVS MinuteClinic, nearly 120,000 veterans enrolled in the

CVS Health honored for supplier diversity

CVS Health honored for supplier diversity

WOONSOCKET, R.I. — CVS Health has been recognized by Billion Dollar Roundtable for reaching its goal of spending more than $1 billion with diverse suppliers. With the honor, CVS Health joins the ranks as one of 26 major U.S.-based corporations that provide thought leadership and solutions-driven exploration of key issues in supplier diversity. “We are

CVS Health creates chief policy officer role

CVS Health creates chief policy officer role

WOONSOCKET, R.I. — CVS Health has named Thomas Moriarty as chief policy and external affairs officer, a newly created position. CVS said Thursday that Moriarty, who has served as executive vice president and general counsel, will bring corporate communications, legal, government affairs and public policy under a single operating unit to manage the company’s external

CVS’ Advanced Care Scripts accredited by URAC

CVS’ Advanced Care Scripts accredited by URAC

WOONSOCKET, R.I. — CVS Health’s Advanced Care Scripts (ACS) has gained specialty pharmacy accreditation from Washington, D.C.-based health care standards body URAC. CVS said Tuesday that the URAC designation signifies that its ACS unit has demonstrated a commitment to quality care, improved processes and better patient outcomes. ACS manages and dispenses specialty medications to patients

BCBS specialty Rx FEP contract to shift from CVS to Prime

BCBS specialty Rx FEP contract to shift from CVS to Prime

NEW YORK — Next year, the specialty pharmacy services contract for the Blue Cross and Blue Shield Federal Employee Program (FEP) is slated to pass from CVS Health to Prime Therapeutics LLC. CVS said its specialty pharmacy contract with BCBS FEP will terminate at the end of 2017. Under separate agreements that run through 2018,

CVS launches PBM Rx savings program

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

Chain drug retailing is at a turning point

Chain drug retailing is at a turning point

April is here — and still no resolution on the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. As time stretches out, this indecision bodes ill for an acquisition that was until recently viewed as an agreement with benefits for both parties. Now, confusion is apparently overtaking certainty — and there is

CVS to launch Reduced Rx savings program

CVS to launch Reduced Rx savings program

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

CVS Health reins in prescription drug trend

CVS Health reins in prescription drug trend

WOONSOCKET, R.I. — CVS Health said it was able to counteract rising prescription drug prices for its pharmacy benefit management clients in 2016, achieving their lowest drug trend in the past four years. CVS said Wednesday that CVS Caremark clients saw their prescription drug trend fall to an average of 3.2% last year versus 5%

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