Content about CVS Caremark

April 26, 2013

With National Drug Take Back Day scheduled for April 27 and in light of a new national study revealing that 1-out-of-4 teenagers has misused or abused a prescription medication at least once, CVS Caremark is reminding families that proper management, storage and disposal of their medication can reduce access to drugs by young people in their homes.

WOONSOCKET, R.I. — With National Drug Take Back Day scheduled for April 27 and in light of a new national study revealing that 1-out-of-4 teenagers has misused or abused a prescription medication at least once, CVS Caremark is reminding families that proper management, storage and disposal of their medication can reduce access to drugs by young people in their homes.

April 26, 2013

Cardinal Health announced the renewal of its pharmaceutical distribution agreement with CVS Caremark to supply pharmaceuticals to the company’s retail pharmacies and distribution centers, as McKesson, which generally serves the PBM side of the business, also announced the renewal of its current distribution agreement with the pharmacy retailer.

The renewal of the agreements was not only critical for both companies but, as Adam Fein, president of Pembroke Consulting and CEO of Drug Channels Institute, wrote in his blog “CVS Caremark Renews with Cardinal and McKesson,” it also “demonstrates wholesalers' value in the brand-name pharmacy supply chain.”

Cardinal Health announced the renewal of its pharmaceutical distribution agreement with CVS Caremark to supply pharmaceuticals to the company’s retail pharmacies and distribution centers, as McKesson, which generally serves the PBM side of the business, also announced the renewal of its current distribution agreement with the pharmacy retailer.

April 25, 2013

Cardinal Health and McKesson separately announced the renewal of their pharmaceutical distribution agreements with CVS Caremark.

DUBLIN, Ohio — Cardinal Health and McKesson separately announced the renewal of their pharmaceutical distribution agreements with CVS Caremark.

Under Cardinal Health’s renewed agreement, the wholesaler stated that it will supply pharmaceuticals to a network of CVS Caremark's retail pharmacies and distribution centers through mid-2016. The stores and distribution centers serviced under the new arrangement are essentially the same as those serviced in the prior arrangement.

April 24, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark has announced the recipients of the “Innovations in Community Health” grants.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark Corporation has announced the recipients of the “Innovations in Community Health” grants, which have been awarded to community health centers nationwide through a partnership with the National Association of Community Health Centers.

The grants will help community health centers increase access to health care and produce better health outcomes while reducing costs for patients and healthcare systems.

April 21, 2013

It's official. During its most recent quarterly conference call with analysts, CVS Caremark revealed what many had anticipated: Its acquisition of privately held Brazilian drug store chain Drogaria Onofre was complete.

It's official. During its most recent quarterly conference call with analysts, CVS Caremark revealed what many had anticipated: Its acquisition of privately held Brazilian drug store chain Drogaria Onofre was complete.

The move is not financially material to CVS Caremark, but it does mark its first foray into the international drug store space. The 44-store chain is the eighth-largest drug store chain in Brazil and, according to published reports, posted gross revenue of R$1.2 billion (Brazilian reals) in 2011.

April 18, 2013

CVS Caremark has announced that it will come together with the Boston business community to support The One Fund Boston, established by Massachusetts Gov. Deval Patrick and Boston Mayor Thomas Menino to raise money for victims and families who have been affected by the Boston Marathon tragedy.

WOONSOCKET, R.I. — CVS Caremark has announced that it will come together with the Boston business community to support The One Fund Boston, established by Massachusetts Gov. Deval Patrick and Boston Mayor Thomas Menino to raise money for victims and families who have been affected by the Boston Marathon tragedy.

The CVS Caremark Charitable Trust, the private foundation of CVS Caremark, will donate $100,000 to The One Fund Boston, which is also accepting online donations from the public at Onefundboston.org.

April 15, 2013

The University of Utah's College of Pharmacy has opened a new research organization designed to encourage collaboration and interaction, according to published reports.

NEW YORK — The University of Utah's College of Pharmacy has opened a new research organization designed to encourage collaboration and interaction, according to published reports.

The Salt Lake City-based Deseret News reported on the opening of the L.S. Skaggs Pharmacy Institute, a 150,000-sq.-ft. facility that includes open lab space.

April 12, 2013

CVS/pharmacy on Friday announced that up to 1 million free smartphones will be offered to eligible customers, allowing easy access to its convenient mobile app.

WOONSOCKET, R.I. — CVS/pharmacy on Friday announced that up to 1 million free smartphones will be offered to eligible customers, allowing easy access to its convenient mobile app. Upon receipt of the phone, consumers will receive a text message prompt to download the CVS Mobile app to provide the convenience of CVS/pharmacy stores and pharmacy services at their fingertips so they can save time and money.

April 12, 2013

A new Kalorama Information report found that most patients — 91% — who had used a retail clinic were either satisfied or very satisfied with their visit.

The findings are in line with prior studies, which have long been reported by Drug Store News, and are yet further evidence that retail clinics are playing a vital role in the U.S. healthcare system.

A new Kalorama Information report found that most patients — 91% — who had used a retail clinic were either satisfied or very satisfied with their visit.

The findings are in line with prior studies, which have long been reported by Drug Store News, and are yet further evidence that retail clinics are playing a vital role in the U.S. healthcare system.

April 11, 2013

The increased availability of generics combined with CVS Caremark's generic dispensing rate of 77.4% helped reduce spending on traditional medications by 3.6% for the company's commercial clients, according to its newly released annual insights report.

WOONSOCKET, R.I. — The increased availability of generics combined with CVS Caremark's generic dispensing rate of 77.4% helped reduce spending on traditional medications by 3.6% for the company's commercial clients, according to its newly released annual insights report, which reviews drug trend and highlights key issues in pharmacy care.

CVS Caremark's GDR is the result of two elements.  First, 2012 marked a high point in the flood of generic launches, with the estimated market value of brands that lost their patents in 2012 exceeding $35 billion. 

April 9, 2013

A MinuteClinic location at a CVS store in downtown Columbia, S.C., got a visit from one of the state's top health officials recently.

COLUMBIA, S.C. — A MinuteClinic location at a CVS store in downtown Columbia, S.C., got a visit from one of the state's top health officials recently.

April 5, 2013

Retail clinic operator Take Care Clinics, which is owned by Walgreens, is expanding the scope of services within its 300-plus clinics to include management for chronic conditions such as hypertension, diabetes, high cholesterol, asthma and others, as well as additional preventive health services.

Game on! With the increasing shift to chronic care services, expect retail clinics to ramp up even quicker, creating new, more profitable revenue streams and filling huge gaps in care that save payers some serious money. The writing isn't just on the wall. It's printed in big, bold colors like graffiti on a 1970s NYC subway car.

Retail clinic operator Take Care Clinics, which is owned by Walgreens, is expanding the scope of services within its 300-plus clinics to include management for such chronic conditions as hypertension, diabetes, high cholesterol and asthma, as well as additional preventive health services.

April 4, 2013

Retail-based health clinics, urgent care clinics, telehealth and traditional physicians may be increasingly competing to serve the healthcare needs of Americans but the real winner is the patient, suggests a recent article in The Economist.

NEW YORK — Retail-based health clinics, urgent care clinics, telehealth and traditional physicians may be increasingly competing to serve the healthcare needs of Americans but the real winner is the patient, suggests a recent article in The Economist.

April 3, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced that $2.6 million in grants has been awarded to 66 nonprofit organizations across the country.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced that $2.6 million in grants has been awarded to 66 nonprofit organizations across the country.

The new grant recipients were chosen through the 2012 CVS Caremark Charitable Trust's annual grant cycle. The awarded grants align with CVS Caremark's purpose of helping people on their path to better health and focus on initiatives supporting access to health care and children's programming.

April 1, 2013

CVS Caremark elected on March 29 former Johnson & Johnson CEO William Weldon to serve on its board of directors, according to a filing with the Securities and Exchange Commission.

WOONSOCKET, R.I. — CVS Caremark elected on March 29 former Johnson & Johnson CEO William Weldon to serve on its board of directors, according to a filing with the Securities and Exchange Commission.

Weldon is the former chairman of the board and CEO of Johnson & Johnson, having served in those positions from 2002 until his retirement as CEO in April 2012 and his retirement from the board in December 2012. Weldon previously served in a variety of senior executive positions during his 41-year career with J&J.

April 1, 2013

Retail-based clinic operator MinuteClinic, a division of CVS Caremark, and Southern California healthcare system Sharp HealthCare have entered into a clinical affiliation to enhance access to healthcare services throughout San Diego County.

WOONSOCKET, R.I. and SAN DIEGO — Retail-based clinic operator MinuteClinic, a division of CVS Caremark, and Southern California healthcare system Sharp HealthCare have entered into a clinical affiliation to enhance access to healthcare services throughout San Diego County.

MinuteClinic currently has 10 walk-in medical clinics in San Diego County.

March 21, 2013

To help raise awareness of senior hunger in Rhode Island, CVS Caremark VP workforce strategies and chief diversity officer David Casey teamed up this week with U.S. Sen. Jack Reed and Meals on Wheels of Rhode Island executive director Heather Amaral to deliver hot meals to homebound seniors in Cranston.

WOONSOCKET, R.I. — To help raise awareness of senior hunger in Rhode Island, CVS Caremark VP workforce strategies and chief diversity officer David Casey teamed up this week with U.S. Sen. Jack Reed, D-R.I., and Meals on Wheels of Rhode Island executive director Heather Amaral to deliver hot meals to homebound seniors in Cranston.

March 19, 2013

Patients with coronary artery disease who are adherent to their prescribed medications can save the healthcare system up to $868 per patient per year, according the findings of a recent study conducted by researchers at Brigham and Women’s Hospital and CVS Caremark.

WOONSOCKET, R.I. — Patients with coronary artery disease who are adherent to their prescribed medications can save the healthcare system up to $868 per patient per year, according the findings of a recent study conducted by researchers at Brigham and Women’s Hospital and CVS Caremark.
 
The research was published in the April issue of the American Journal of Medicine.

March 18, 2013

Chicago State University’s College of Pharmacy has announced that CVS Caremark has donated $250,000 for the development of the CVS Caremark Student Center and Technology Laboratory.

CHICAGO — Chicago State University’s College of Pharmacy has announced that CVS Caremark has donated $250,000 for the development of the CVS Caremark Student Center and Technology Laboratory.

“This donation will help to improve the College’s physical space and technological resources, which greatly enhances student success within the College of Pharmacy. To say thank you is an understatement,” stated Dean Miriam Mobley Smith with the College of Pharmacy.

March 15, 2013

Jim Cramer shared his bullishness on CVS Caremark stock with viewers during the “Lightening Round” portion of his "Mad Money" investment advice program on CNBC.

NEW YORK — Jim Cramer on Wednesday shared his bullishness on CVS Caremark stock with viewers during the “Lightening Round” portion of his "Mad Money" investment advice program on CNBC.

When asked by a caller whether she should buy CVS Caremark stock, Cramer enthusiastically replied, “I think that’s a great idea. Buy. Buy. Buy!”

March 15, 2013

MinuteClinic president and SVP/associate chief medical officer of CVS Caremark, Andrew Sussman, attended two separate healthcare events in London last week to discuss how MinuteClinic is improving care and access at substantially lower cost.

This is important because, regardless of whether a country has universal healthcare or not, someone has to pay for it and accessibility can still be an issue. Interestingly, a British supermarket began testing the concept of an in-store physician-staffed clinic back in 2008 in an effort to improve access. 
A key reason: Its supermarkets are often situated in a convenient location with public transport links and ample parking.

MinuteClinic president and SVP/associate chief medical officer of CVS Caremark, Andrew Sussman, attended two separate healthcare events in London last week to discuss how MinuteClinic is improving care and access at substantially lower cost.

March 14, 2013

MinuteClinic president and SVP/associate chief medical officer of CVS Caremark, Andrew Sussman, traveled to London this week to discuss how MinuteClinic is improving care and access at substantially lower cost, the company has announced.

WOONSOCKET, R.I. — MinuteClinic president and SVP/associate chief medical officer of CVS Caremark, Andrew Sussman, traveled to London this week to discuss how MinuteClinic is improving care and access at substantially lower cost, the company has announced.

March 12, 2013

CVS Caremark has announced that it will highlight how medication adherence plays a vital role in helping older Americans on their path to better health at the 2013 Annual American Society on Aging Conference, which is being held in Chicago this week.

WOONSOCKET, R.I. — CVS Caremark has announced that it will highlight how medication adherence plays a vital role in helping older Americans on their path to better health at the 2013 Annual American Society on Aging Conference, which is being held in Chicago this week.

March 7, 2013

A nonprofit group that provides youth football, dance and cheerleading programs across the country has named MinuteClinic as its official sports physical provider, MinuteClinic said Thursday.

WOONSOCKET, R.I. — A nonprofit group that provides youth football, dance and cheerleading programs across the country has named MinuteClinic as its official sports physical provider, MinuteClinic said Thursday.

MinuteClinic, part of CVS Caremark, said sports physicals are offered seven days a week with no appointment necessary at more than 625 CVS/pharmacy stores across the country, and the collaboration, with Pop Warner Little Scholars, is designed to offer parents convenient and affordable options to obtain required sports physicals for their children.

March 6, 2013

Washington-based healthcare accrediting organization URAC has given a subsidiary of CVS Caremark case management accreditation, valid through March 1, 2016, CVS said.

WOONSOCKET, R.I. — Washington-based healthcare accrediting organization URAC has given a subsidiary of CVS Caremark case management accreditation, valid through March 1, 2016, CVS said Wednesday.

CVS said Accordant Health Services met URAC's standards, which require companies to establish processes to assess, plan and implement case management interventions.