WOONSOCKET, R.I. — CVS Health has earmarked $10 million in new and expanded partnerships and programs for the second year of “Be The First,” its five-year, $50 million initiative to help deliver the nation’s first tobacco-free generation. CVS said Monday that the partnerships and programs — funded through CVS Health and the CVS Health Foundation
WOONSOCKET, R.I. — CVS Health has named Jon Roberts to the new position of executive vice president and chief operating officer. 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. The company said that in his new position
WOONSOCKET, R.I. — CVS Health has chosen the Epic electronic health record (EHR) system for its CVS Specialty care management programs. The transition to Epic will help integrate and improve clinical processes for CVS Specialty, including processes for CVS’ Accordant unit, which provides care management program services for patients with rare, chronic diseases. This move
WOONSOCKET, R.I. — CVS Pharmacy locations in four more states can now dispense the opioid overdose-reversal drug naloxone to patients without a prescription. CVS Health said Thursday that with the addition of CVS pharmacies in Arizona, Georgia, Iowa and South Carolina, CVS Pharmacy locations in 41 states provide no-prescription access to naloxone. Georgia, Iowa and
WOONSOCKET, R.I. — CVS Health has chosen Epic as the electronic health record (EHR) system for its CVS Specialty care management programs. CVS said Thursday that the transition to Epic will help integrate and improve clinical processes for CVS Specialty, including processes for CVS’ Accordant unit, which provides care management program services for patients with
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
CVS Health’s pharmacy care assets position the company well for growth, even in an evolving health care arena set for further change under a new presidential administration, executive VP and CFO Dave Denton said. In an interview posted this week on investment intelligence website Advisor Access, Denton outlined CVS’ strengths — namely, its integrated retail
MINNEAPOLIS — Target Corp. posted decreased sales and earnings for its fiscal 2016 fourth quarter and year, impacted by the sale of its pharmacy and clinic business to CVS Health. Target said Tuesday that sales for the fourth quarter ended Jan. 28 fell 4.3% to $20.7 billion from $21.6 billion last year, reflecting a 1.5%
Chain Drug Review held a reception in Manhattan earlier this month to honor recipients of the publication’s Retailer of the Year awards. CVS Health president and chief executive officer Larry Merlo named Health Care Executive of the Year, and Walgreens president of pharmacy and retail operations Richard Ashworth was named as Operations Executive of the Year.
WOONSOCKET, R.I. — Artificial trans fats are now gone from a range of store-brand food products at CVS Pharmacy. CVS said Wednesday that it’s the first national retail drug chain to remove partially hydrogenated oils (PHOs) — the chief source of artificial trans fats in processed foods — from all of its exclusive store-brand food
WOONSOCKET, R.I. — CVS Health’s removal of tobacco products from its drug stores over two years ago continues to impact retail cigarette sales. A new study from the CVS Health Research Institute, published online Thursday in the American Journal of Public Health, found that dropping tobacco from all CVS Pharmacy stores reduced the number of
WOONSOCKET, R.I. — CVS Health has been named as one of the “World’s Most Admired Companies” by Fortune magazine. CVS came in at No. 45 on the corporate rankings list, which put it among the top 50 “all-stars” on this year’s Fortune Most Admired Companies list. In addition, CVS finished No. 1 in its industry
WASHINGTON — Reps. Morgan Griffith (R., Va.) and Peter Welch (D., Vt.) have reintroduced the Improving Transparency and Accuracy in Medicare Part D Spending Act (H.R. 1038), which community pharmacies say would squelch a growing burden: retroactive direct and indirect remuneration (DIR) fees. The bill, introduced Wednesday in the House of Representatives, would ban the application
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
