CURA_1170x120_8-22-19

Derica Rice

CVS Health introduces new benefits service

CVS Health introduces new benefits service

WOONSOCKET, R.I. — CVS Health on Tuesday announced the availability of Vendor Benefit Management, a new service developed to help CVS Caremark pharmacy benefit management (PBM) clients more easily contract, implement and manage their choice of available and emerging third-party health and wellness benefit solutions both digital and non-digital. This new service offers clients a

CVS, Walmart reach new PBM network deal

CVS, Walmart reach new PBM network deal

WOONSOCKET, R.I. — CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. The companies are not disclosing the financial terms of the new contract. “We are very pleased to

Walmart to leave two CVS Caremark networks

Walmart to leave two CVS Caremark networks

WOONSOCKET, R.I. — CVS Health  announced Tuesday that Walmart has opted to leave the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. Such a transition must place patient care as the highest priority and, as such, CVS Caremark has requested that Walmart continue to fill prescriptions as an in network participating

CVS, Sharecare launch digital drug discount card

CVS, Sharecare launch digital drug discount card

ATLANTA– Sharecare, the digital health company helping people manage all their health in one place, today announced the launch of Sharecare Rx, a digital pharmacy savings card to help people who are uninsured or may lack sufficient drug coverage save money on their prescription medications. Administered by CVS Caremark, the pharmacy benefit management (PBM) business

CVS offers new approach to pricing PBM services

CVS offers new approach to pricing PBM services

WOONSOCKET, R.I. — CVS Health is introducing a new approach to the pricing of Pharmacy Benefit Management (PBM) services. The new Guaranteed Net Cost pricing model simplifies the financial arrangements underlying PBM contracts and focuses on helping plan sponsors deliver savings through PBM cost management strategies such as formulary, utilization management and performance pharmacy networks. This

CVS Health earns NCQA Health Information Products Certification

CVS Health earns NCQA Health Information Products Certification

WOONSOCKET, R.I. – CVS Health announced that its pharmacy benefit manager CVS Caremark received NCQA Health Information Products (HIP) Certification in pharmacy benefits. This helps affirm that CVS Caremark, through its caremark.com website and customer call center, provides members with the information they need to understand and use their pharmacy benefits. NCQA’s HIP Certification is a

Former Lilly CFO to head CVS Caremark

Former Lilly CFO to head CVS Caremark

NEW YORK — CVS Health has named former Eli Lilly and Co. chief financial officer Derica Rice as president of its CVS Caremark pharmacy benefit management unit. Plans call for Rice to take the helm at CVS Caremark on March 30, CVS said late Tuesday. The appointment was earlier reported by The Wall Street Journal.

Eli Lilly promotes pair of finance executives

Eli Lilly promotes pair of finance executives

INDIANAPOLIS — Eli Lilly and Co. has appointed Joshua Smiley as senior vice president of finance and treasurer. Lilly said Wednesday that Smiley, currently senior vice president of finance, controller and chief financial officer for Lilly Research Laboratories, assumes his new post on Oct. 1. He replaces Thomas Grein, who will retire in September after a