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Larry Merlo

CVS Health to support new Anthem PBM

CVS Health to support new Anthem PBM

WOONSOCKET, R.I. — CVS Health has signed a five-year agreement to provide services to support IngenioRx, a new pharmacy benefit manager formed by Blue Cross Blue Shield health insurer Anthem Inc. CVS said Wednesday that its CVS Caremark PBM division will manage certain services for IngenioRx, including claims processing and prescription fulfillment. In addition, CVS

CVS extends kudos to its pharmacists

CVS extends kudos to its pharmacists

WOONSOCKET, R.I. — CVS Health is honoring the patient care efforts of its 30,000 pharmacists as part of the annual American Pharmacists Month observation in October. CVS noted that its pharmacy teams are playing an increasingly important role in helping people lead healthier live by improving access to care and lowering costs for the millions

CVS Health takes big steps to combat opioid abuse

WOONSOCKET, R.I. — CVS Health unveiled a major plan that utilizes all its integrated pharmacy assets to help combat misuse and abuse of opioid painkillers. The retailer said that its enterprisewide strategy to fight the opioid epidemic includes initiatives for safe drug disposal and utilization management of pain medications, as well as increased funding for

CVS redoubles efforts to tackle opioid abuse

CVS redoubles efforts to tackle opioid abuse

WOONSOCKET, R.I — CVS Health has unveiled a sweeping plan that marshals its integrated pharmacy assets to help stem the rising tide of drug misuse and abuse, namely opioid painkillers. CVS said Thursday that its enterprisewide strategy to fight the opioid epidemic includes initiatives for safe drug disposal and utilization management of pain medications, as

CVS extending health care reach

WOONSOCKET, R.I. — CVS Health plans to extend its Transform Diabetes Care initiative to four more disease states over the next two years. The program is expected to also cover asthma, hypertension, hypercholesterolemia and depression by midsummer 2019. Launched late last year, Transform Diabetes Care is designed to lower pharmacy costs through aggressive trend management

CVS to expand disease management program

CVS to expand disease management program

WOONSOCKET, R.I. — CVS Health plans to extend its Transform Diabetes Care initiative to four more disease states over the next two years. The program is expected to also cover asthma, hypertension, hypercholesterolemia and depression by midsummer 2019. Launched late last year, Transform Diabetes Care is designed to lower pharmacy costs through aggressive trend management

CVS Health tops analysts’ 2Q earnings forecast

CVS Health tops analysts’ 2Q earnings forecast

WOONSOCKET, R.I. — CVS Health beat Wall Street’s earnings forecast for the second quarter and bumped up the bottom of its 2017 guidance despite declined sales in its retail pharmacy business unit. CVS said Tuesday that net income for the second quarter ended June 30 totaled $1.1 billion, or $1.07 per diluted share (GAAP), compared

CVS’ Merlo talks health care with governors

CVS’ Merlo talks health care with governors

CVS Health president and CEO Larry Merlo recently shared his insights on health care with the nation’s governors. At the National Governors Association 2017 summer meeting in Providence, R.I., Merlo explained how elements of CVS’ integrated model — with retail/long-term care pharmacy, pharmacy benefits management and walk-in clinic unit — could be applied within states

CVS Health achieves social responsibility goals

WOONSOCKET, R.I. — Expanding its offerings of healthier food and beverages and removing parabens and other such ingredients from its store brand beauty and personal care products were two of the many accomplishments highlighted in CVS Health’s 10th annual corporate social responsibility (CSR) report, released last month. Titled “Prescription for a Better World,” the report

CVS Health tops Wall Street’s 1Q forecast

CVS Health tops Wall Street’s 1Q forecast

WOONSOCKET, R.I. — Despite declines in its retail pharmacy business, CVS Health saw sales rise and beat Wall Street’s earnings projections for its fiscal 2017 first quarter. CVS said Tuesday that for the quarter ended March 31, revenue totaled $44.51 billion, up 3% from $43.22 billion a year earlier. Sales in the company’s Retail/LTC Segment, which

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

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 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 Health names Jon Roberts chief operating officer

CVS Health names Jon Roberts chief operating officer

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