The Annual Meeting of the National Association of Chain Drug Stores is once again upon us, though the calendar year hasn’t yet budged beyond April. The significance of this annual meeting has nothing to do with the calendar, however. Rather, it comes along just as retailers and suppliers begin to get the tone of the
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
WOONSOCKET, R.I. — CVS Health has opened its first MinuteClinic walk-in medical clinics inside Target stores in the Charlotte and Raleigh-Durham, N.C., markets. CVS said Tuesday that the clinics are located in three stores in Charlotte and Concord and eight stores in The Triangle in Apex, Carey, Durham, Raleigh and Wake Forest. All have been
WOONSOCKET, R.I. — CVS Health says that prescription drug trend for its pharmacy benefit management clients dropped to 5% in 2015 from a high of 11.8% in 2014. The trend drivers — including brand, specialty and generic price inflation — were similar to what was seen in 2014, but CVS Health asserts that its pharmacy
Fast Company, one of the more appealing and relevant business publications to have come along in recent years, recently compiled a list of the world’s 50 most innovative companies. Several familiar names were included, perhaps most notably to retail students, CVS Health. Not surprisingly, Fast Company presented a strong case for CVS’ inclusion, but it
WOONSOCKET, R.I. — CVS Health is expanding access to the opioid overdose-reversal medication naloxone to another eight states. The company said Monday that CVS Pharmacy stores in Connecticut, Kentucky, Maryland, North Carolina, New Hampshire, Ohio, Virginia and Vermont will be able to dispense naloxone to patients in these states without a prescription by the end
ARLINGTON, Va. — Surescripts has activated its National Record Locator Service, an interoperable platform that enables health providers to locate and exchange patient records stored in any care location nationwide. The health information network said Monday that the service — whose partners include CVS Health, Express Scripts, Epic and NextGen Healthcare — encompasses 140 million
WOONSOCKET, R.I. — CVS Health reported a significant decrease in the prescription drug trend for its Caremark pharmacy benefit management (PBM) clients last year. CVS said Tuesday that the prescription trend, a growth measure of prescription spending, came in at 5% for 2015, down from a high of 11.8% in 2014. While the trend drivers
WESLEY CHAPEL, N.C. — CVS Health has debuted its first rebranded pharmacies inside Target Corp. stores. The pharmacies, in six stores in North Carolina, are being operated through a store-within-a-store format under the CVS/pharmacy banner. CVS, which completed its $1.9 billion purchase of Target’s 1,672 pharmacies and 79 clinics in December, will rebrand the prescription
WOONSOCKET, R.I. — New research published by the CVS Health Research Institute showed a significant improvement in adherence to specialty medications for patients enrolled in a pilot study evaluating Specialty Connect, CVS Health’s specialty prescription services program. New patients enrolled in the pilot were 17.5% more likely to pick up their first refill, and existing
MIAMI — A survey of cigarette smokers shows that CVS Health’s removal of tobacco products from its stores is working as planned. Electronic cigarette maker V2 said Thursday that last week it polled 300 cigarette smokers nationwide, all of whom had previously purchased cigarettes from a CVS store. Of those respondents, 52% said CVS’ elimination
CVS Health has made the 2016 Fast Company “50 Most Innovative Companies” list, coming in at No. 3. The business publication said CVS was among a number of first-timers on the annual list, including pharmaceutical manufacturer Bristol-Myers Squibb, which was No. 17. According to Fast Company, the list recognizes “leading enterprises and rising newcomers that
WOONSOCKET, R.I. — CVS Health said it’s now providing meningitis B vaccines to people living in Santa Clara County, Calif., in response to confirmed cases of the disease on the Santa Clara University campus. CVS said Wednesday that 10 CVS Pharmacy drug stores and seven MinuteClinic walk-in medical clinics have the meningitis B immunization available.
WOONSOCKET, R.I. — CVS Health saw sales climb by double digits for the 2015 fourth quarter and fiscal year, fueled in large part by its acquisition of long-term care pharmacy provider Omnicare Inc., while adjusted earnings per share were in line with Wall Street’s forecast. CVS said Tuesday that revenue for the fourth quarter ended
