POY_1170x120_8-12-19

pharmacy benefit management

CVS makes moves to strengthen PBM business

CVS makes moves to strengthen PBM business

WOONSOCKET, R.I. — CVS Health has announced two major agreements to boost pharmacy benefit management ­services. The company late last month introduced a 30,000-store performance-based pharmacy network anchored by CVS Pharmacy and Walgreens designed to deliver savings and improved clinical outcomes for CVS Caremark PBM members. That followed the company’s announcement of a five-year deal

CVS program steps up fight against diabetes

WOONSOCKET, R.I. — In its ongoing effort to combat diabetes, CVS Health has introduced Transform Diabetes Care, a new program available to help the company’s pharmacy benefit management clients improve the health outcomes of their members, lower pharmacy costs through aggressive trend management and decrease medical costs by improving medication adherence, A1c control and lifestyle

CVS mobilizes integrated model for chronic care

CVS mobilizes integrated model for chronic care

WOONSOCKET, R.I. — Early next year, CVS Health plans to launch a diabetes care program for its pharmacy benefit management (PBM) clients that provides clinical services and cost management solutions. Called Transform Diabetes Care, the program offers members tailored support to improve the health outcomes, reduce pharmacy costs via trend management, and lower medical costs

CVS Caremark earns URAC accreditations

CVS Caremark earns URAC accreditations

WOONSOCKET, R.I. —  CVS Caremark has received health call center, pharmacy benefit management and drug therapy management accreditations from health standards body URAC. CVS Health said Wednesday that the URAC Health Call Center Accreditation is for its Pharmacy Advisor counseling program, whose call center offers personalized care to members with chronic conditions through targeted live

Walgreens, Prime Therapeutics form alliance

Walgreens, Prime Therapeutics form alliance

DEERFIELD, Ill., and ST. PAUL, Minn. — Walgreens has entered into a long-term alliance with Prime Therapeutics, the nation’s fourth-largest pharmacy benefit manager, that will include the creation of a joint pharmacy services company. Under the partnership, Walgreens and Prime will combine their central specialty pharmacy and mail service businesses, the companies said Monday. The

CVS: Interventions yield savings with chronic patients

CVS: Interventions yield savings with chronic patients

WOONSOCKET, R.I. — Interventions that keep chronic disease patients on their medications are “extraordinarily cost-effective,” according to CVS Health. CVS said Monday that a new study from the CVS Health Research Institute, published in The American Journal of Managed Care, also found a greater opportunity for savings if medication adherence resources focus on patients with

Rite Aid, EnvisionRx start 90-day at retail program

Rite Aid, EnvisionRx start 90-day at retail program

CAMP HILL, Pa. — A new prescription drug program from Rite Aid Corp. and its EnvisionRx pharmacy benefit management arm gives patients with chronic conditions more flexibility in getting their maintenance medications. Called Rx90, the program enables patients to fill 90-day prescriptions at any of Rite Aid’s nearly 4,600 pharmacies or, for the same price,

PBM clients at CVS see drop in Rx trend

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

CVS sees drop in PBM prescription drug trend

CVS sees drop in PBM prescription drug trend

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

NCPA to Congress: More scrutiny of PBMs needed

NCPA to Congress: More scrutiny of PBMs needed

ALEXANDRIA, Va. — In comments to Congress, the National Community Pharmacists Association called for more oversight of pharmacy benefit management (PBM) companies. NCPA said payers, pharmacy patients and pharmacists could see “tangible benefits” from increased transparency into PBM business practices and potential conflicts of interests. The association submitted its comments to the House Committee on

Rite Aid closes acquisition of EnvisionRx

Rite Aid closes acquisition of EnvisionRx

CAMP HILL, Pa. — Rite Aid Corp. has finalized its acquisition of pharmacy benefit management company Envision Pharmaceutical Services. The closing of the deal, valued at about $2 billion, came early in the timetable that Rite Aid initially reported. When the acquisition was announced in February, Rite Aid said it expected to complete the transaction

PBMs OptumRx, Catamaran to merge in $12.8 billion deal

PBMs OptumRx, Catamaran to merge in $12.8 billion deal

NEW YORK and SCHAUMBURG, Ill. — Reflecting the ongoing consolidation in the pharmacy benefit management (PBM) sector, UnitedHealth Group plans to acquire Catamaran Corp. in a deal valued at $12.8 billion. The companies said Monday that Catamaran would integrated into OptumRx, UnitedHealth’s freestanding pharmacy care services business and part of its Optum health services unit.