Content about CVS Caremark

January 6, 2012
Wall Street analysts recant prediction of CVS Caremark split

Wall Street calls for the breakup of CVS Caremark? Nope, not so fast.

NEW YORK — Wall Street calls for the breakup of CVS Caremark? Nope, not so fast.

About a year after analysts called for the split of CVS Caremark's PBM business, they now are changing their tune on the heels of the company's 2011 Analyst Day presentation on Dec. 20.

In fact, shares of CVS Caremark ended 2011 up 17% and, as Dow Jones Newswires reported, is trading at a roughly 3-and-a-half-year high.

January 6, 2012
When it comes to CVS Caremark PBM ballgame, DSN knows the score

The fact that Wall Street is reversing its position on a breakup of CVS Caremark is important because — while we may hate to toot our own horn, we are going to do it anyway — DSN was right.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The fact that Wall Street is reversing its position on a breakup of CVS Caremark is important because — while we may hate to toot our own horn, we are going to do it anyway — DSN was right.

(THE NEWS: Wall Street analysts recant prediction of CVS Caremark split. For the full story, click here)

January 3, 2012
CVS/pharmacy looks to attract Tricare members with new online service

CVS/pharmacy has launched a new service on its CVS.com website to assist military service members, veterans and their families who need to transfer their prescriptions to a pharmacy that lets them continue using their Tricare prescription insurance coverage.

WOONSOCKET, R.I. — CVS/pharmacy has launched a new service on its CVS.com website to assist military service members, veterans and their families who need to transfer their prescriptions to a pharmacy that lets them continue using their Tricare prescription insurance coverage.

January 3, 2012
On hamburgers and health care

This is going to be a big year for retail clinics because this is going to be the year that payers really begin to engage with retail-based care on a meaningful level. 


This is going to be a big year for retail clinics because this is going to be the year that payers really begin to engage with retail-based care on a meaningful level. 


December 23, 2011
12 for 2012

Rather than take off for Christmas, the editors of Drug Store News took a look at the year ahead and the stories, issues and trends that will make headlines in retail pharmacy in 2012.

Rather than take off for Christmas, the editors of Drug Store News took a look at the year ahead and the stories, issues and trends that will make headlines in retail pharmacy in 2012.

December 21, 2011
MinuteClinic, UMass Memorial Health Care ink clinical collaboration

CVS Caremark’s MinuteClinic and UMass Memorial Health Care, the largest healthcare system in central and western Massachusetts and the clinical partner of the University of Massachusetts Medical School, have entered into a clinical collaboration to enhance access to healthcare services in central Massachusetts.

WOONSOCKET, R.I., and WORCESTER, Mass. — CVS Caremark’s MinuteClinic and UMass Memorial Health Care, the largest healthcare system in central and western Massachusetts and the clinical partner of the University of Massachusetts Medical School, have entered into a clinical collaboration to enhance access to healthcare services in central Massachusetts.

December 20, 2011
At Analyst Day, CVS Caremark unveils host of new initiatives across the board — front-end, pharmacy, clinics and PBM

At its annual Analyst Day in New York on Tuesday, CVS Caremark executives outlined strong growth for 2012 and unveiled several new offerings and initiatives that are expected to help drive profitable long-term growth as it works to reinvent pharmacy and focus on its “integration sweet spots.”

NEW YORK — At its annual Analyst Day in New York on Tuesday, CVS Caremark executives outlined strong growth for 2012 and unveiled several new offerings and initiatives that are expected to help drive profitable long-term growth as it works to reinvent pharmacy and focus on its “integration sweet spots.”

December 19, 2011
CVS/pharmacy reaches out to last-minute holiday shoppers

With Christmas less than a week away, CVS Caremark is reminding shoppers that they can find gifts and deals at their local CVS/pharmacy.

WOONSOCKET, R.I. — With Christmas less than a week away, CVS Caremark is reminding shoppers that they can find gifts and deals at their local CVS/pharmacy.

December 16, 2011
MinuteClinic, Carolinas HealthCare System ink clinical collaboration

CVS Caremark’s MinuteClinic has entered a clinical affiliation with Carolinas HealthCare System, which provides medical services at more than 650 care locations in North and South Carolina. The collaboration includes 16 MinuteClinic locations in the greater Charlotte area.

WOONSOCKET, R.I. and CHARLOTTE, N.C. — CVS Caremark’s MinuteClinic has entered a clinical affiliation with Carolinas HealthCare System, which provides medical services at more than 650 care locations in North and South Carolina. The collaboration includes 16 MinuteClinic locations in the greater Charlotte area.

This marks the first such arrangement in North Carolina for the two organizations.

December 15, 2011
CVS Caremark receives Logistics Best Practice Award

CVS Caremark has been awarded the 2011 Supply Chain Distinction Award North America in the Logistics Best Practice category, which recognizes companies that drive logistics excellence throughout the organization through the development of efficient, sustainable and cost-effective strategies.

WOONSOCKET, R.I. — CVS Caremark has been awarded the 2011 Supply Chain Distinction Award North America in the Logistics Best Practice category, which recognizes companies that drive logistics excellence throughout the organization through the development of efficient, sustainable and cost-effective strategies.

The awards were announced last week at the annual Supply Chain Logistics Summit held in Dallas, Texas.

December 8, 2011
CVS Caremark announces expiration of tender offer

CVS Caremark has announced the expiration and final results of its previously announced tender offer for any and all of its $1 billion outstanding 6.302% enhanced capital advantaged preferred securities.

WOONSOCKET, R.I. — CVS Caremark has announced the expiration and final results of its previously announced tender offer for any and all of its $1 billion outstanding 6.302% enhanced capital advantaged preferred securities.

The tender offer commenced on Nov. 29 and expired on Dec. 7.  Based on the final tabulation provided by the information agent for the tender offer, D.F. King & Co., holders of the notes tendered $957.7 million aggregate principal amount of the notes on or prior to the expiration date.

December 7, 2011
CVS/pharmacy debuts mobile shopping platform for smartphone users

Looking to stay on the cutting edge of mobile commerce, CVS/pharmacy has made the entire CVS.com catalog available to shoppers through its mobile site (m.cvs.com), so CVS/pharmacy customers easily can browse, order and buy products anywhere, anytime from their smartphones.

WOONSOCKET, R.I. — Looking to stay on the cutting edge of mobile commerce, CVS/pharmacy has made the entire CVS.com catalog available to shoppers through its mobile site (m.cvs.com), so CVS/pharmacy customers easily can browse, order and buy products anywhere, anytime from their smartphones.

In addition, the CVS Photo mobile site features fully-optimized print ordering and purchasing with easy checkout.

December 6, 2011
Express Scripts, Medco grilled by Senate antitrust committee

George Paz, Express Scripts chairman and CEO, and David Snow, Medco Health Solutions chairman and CEO, were in a pair of hot seats Tuesday afternoon before the Senate Committee on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights.

WASHINGTON — George Paz, Express Scripts chairman and CEO, and David Snow, Medco Health Solutions chairman and CEO, were in a pair of hot seats Tuesday afternoon before the Senate Committee on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights. Many of the questions posed by Senators on the subcommittee challenged the respective chief executives on how the proposed merger would negatively impact retail pharmacy and how the proposed merger would result in a dominant marketshare of the mail order pharmacy business.

December 5, 2011
CVS Caremark's Jim Trappani steps down

CVS Caremark has confirmed that Jim Trappani, VP merchandising for health care and multicultural, has decided to leave the company.

WOONSOCKET, R.I. — CVS Caremark has confirmed that Jim Trappani, VP merchandising for health care and multicultural, has decided to leave the company.
 
Grant Pill has assumed the role of VP merchandising for over-the-counter healthcare and store brands.
 
In addition, Mike McEnany has been promoted to VP merchandising, consumables and multicultural. His most recent role was divisional merchandising manager for consumables.
 

December 5, 2011
On the brink of Clinics 2.0

Since the inception of retail-based health clinics in 2000, the concept has grown to more than 1,300 locations throughout the United States. The real question now: Are we on the brink of clinics version 2.0?


Since the inception of retail-based health clinics in 2000, the concept has grown to more than 1,300 locations throughout the United States and, in more recent months, has celebrated several significant milestones that prove clinics are not only an integral part of the U.S. healthcare system but also are a viable model for retailers when handled correctly. The real question now: Are we on the brink of clinics version 2.0?


December 5, 2011
Tablets, mobile apps transform pharmacy

When someone says “pharmacy automation and technology,” the image that most likely springs to mind is a pharmacy robot dispensing pills in a bottle or pharmacists managing operations or looking at patients’ medical records and electronic prescriptions with the latest pharmacy software.


When someone says “pharmacy automation and technology,” the image that most likely springs to mind is a pharmacy robot dispensing pills in a bottle or pharmacists managing operations or looking at patients’ medical records and electronic prescriptions with the latest pharmacy software.


But technology increasingly is migrating out from behind the counter as pharmacy retailers wield it not just to make the jobs of pharmacists and pharmacy techs easier, but to enhance the experience of the customer as well.


December 5, 2011
With Grant Pill assuming new responsibilities at CVS, 2011 shapes up to be big year for company

The year 2011 has shaped up to be quite the year for CVS Caremark, with Larry Merlo taking the helm following the retirement of Tom Ryan, longtime CVS/pharmacy executive Mike Bloom resigning and Judy Sansone assuming responsibility for the merchandising organization at CVS/pharmacy.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The year 2011 has shaped up to be quite the year for CVS Caremark, with Larry Merlo taking the helm following the retirement of Tom Ryan, longtime CVS/pharmacy executive Mike Bloom resigning and Judy Sansone assuming responsibility for the merchandising organization at CVS/pharmacy. Well, the year isn't over yet, and Grant Pill — who is regarded as a bright, young merchant — now has responsibility for one of the most critical areas of CVS' business.

December 1, 2011
CVS Caremark names Randy Falkenrath SVP specialty pharmacy

CVS Caremark has announced the appointment of Randy Falkenrath as SVP specialty pharmacy, with responsibility for the ongoing development of clinical programs and product management to support the company's specialty pharmacy business.

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Randy Falkenrath as SVP specialty pharmacy, with responsibility for the ongoing development of clinical programs and product management to support the company's specialty pharmacy business.

December 1, 2011
CVS/pharmacy enhances CVSphoto.com just in time for holiday season

CVS/pharmacy has launched a new card and stationery shop on CVSphoto.com, as well as an enhanced and expanded collection of greeting card and invitation options for those looking to add a personal touch to holiday tidings.

WOONSOCKET, R.I.  — CVS/pharmacy has launched a new card and stationery shop on CVSphoto.com, as well as an enhanced and expanded collection of greeting card and invitation options for those looking to add a personal touch to holiday tidings.

With more holiday and occasion themes to choose from — as well as more than 1,200 new Hallmark designs — creating cards, invitations and announcements is easier than ever at home or at CVS/pharmacy photo centers nationwide, the company stated.

November 28, 2011
All signs point to growth for convenient care industry

In recent months there have been a string of key milestones within the convenient care industry, and now the new Rand Corp. study indicates that clinic usage climbed tenfold between 2007 and 2009 — impressive growth and a clear message that retail-based health clinics are a significant player within the U.S. healthcare system.

WHAT IT MEANS AND WHY IT'S IMPORTANT — In recent months there have been a string of key milestones within the convenient care industry, and now the new Rand Corp. study indicates that clinic usage climbed tenfold between 2007 and 2009 — impressive growth and a clear message that retail-based health clinics are a significant player within the U.S. healthcare system.

November 21, 2011
CVS/pharmacy kicks off annual campaign to support St. Jude Children's Research Hospital

CVS/pharmacy once again is supporting the St. Jude Children’s Research Hospital Thanks and Giving campaign, and will offer CVS/pharmacy shoppers more options to support the research.

WOONSOCKET, R.I. — CVS/pharmacy once again is supporting the St. Jude Children’s Research Hospital Thanks and Giving campaign, and will offer CVS/pharmacy shoppers more options to support the research.

This year marks the eighth year for the annual in-store fundraiser. St. Jude is one of the world's leading centers for the research and treatment of pediatric cancer and other deadly childhood diseases, and since partnering in 2004, CVS/pharmacy and its customers have raised more than $25 million for the hospital.

November 21, 2011
CVS/pharmacy to help shoppers save money, time this holiday season

This holiday season, CVS/pharmacy is striving to make it easier than ever for customers to save on Christmas gifts and holiday necessities by enabling CVS/pharmacy's ExtraCare Rewards members to take advantage of special incentives, such as free gift cards for purchasing select items and earning back "free CVS money" called ExtraBucks Rewards on a variety of essentials.

WOONSOCKET, R.I. — This holiday season, CVS/pharmacy is striving to make it easier than ever for customers to save on Christmas gifts and holiday necessities by enabling CVS/pharmacy's ExtraCare Rewards members to take advantage of special incentives, such as free gift cards for purchasing select items and earning back "free CVS money" called ExtraBucks Rewards on a variety of essentials.

November 21, 2011
MinuteClinic, Emory Healthcare form clinical affiliation

CVS Caremark’s MinuteClinic has entered into a clinical affiliation with Emory Healthcare, the largest hospital system in Georgia, to enhance access to healthcare services in communities throughout the Atlanta metropolitan area.

WOONSOCKET, R.I. — CVS Caremark’s MinuteClinic has entered into a clinical affiliation with Emory Healthcare, the largest hospital system in Georgia, to enhance access to healthcare services in communities throughout the Atlanta metropolitan area.

MinuteClinic has 31 clinics inside select CVS/pharmacy stores in metro Atlanta.

November 18, 2011
Electronic health records offer new ways to monitor medication nonadherence

Catalina Health’s latest program and two previous studies illustrate the ways in which electronic health records and e-prescribing open the door for new ways to monitor medication nonadherence and, along with them, new ways to combat it.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Catalina Health’s latest program and two previous studies illustrate the ways in which electronic health records and e-prescribing open the door for new ways to monitor medication nonadherence and, along with them, new ways to combat it.

(THE NEWS: Catalina Health addresses medication nonadherence with Health Consumer Journey. For the full story, click here.)

November 18, 2011
More people with diabetes means more disease management ops at pharmacy

If there are 366 million diabetics worldwide, that means that the U.S. piece of that sugar-free pie is 7.1%.

WHAT IT MEANS AND WHY IT'S IMPORTANT — If there are 366 million diabetics worldwide, that means that the U.S. piece of that sugar-free pie is 7.1%. And if the U.S. diabetes population grows by more than 50.8% over the next two decades, as the International Diabetes Foundation attests, that'll mean there will be 38.6 million diabetics in this country by 2030. That's a lot of diabetes education that needs to happen between now and then, and what better place to have that happen than at the neighborhood drug store?