Content about CVS Caremark

WOONSOCKET, R.I., and WASHINGTON — CVS Caremark has partnered with the Hispanic Heritage Foundation to identify, inspire and prepare young Latinos to join healthcare fields through a new healthcare category of the HHF Youth Awards program.

Industry members would likely agree that those patients who are adherent to their prescription medications use less health care and have lower overall costs; however, how much adherence lowers total costs, why some patients do not take their medications as prescribed and whether what’s saved in health care offsets higher drug costs are among the questions that have not been as clearly understood.


Patients with one or more of four chronic diseases who take their medications as prescribed may save the healthcare system as much as $7,800 per patient annually, according to the findings of a CVS Caremark study analyzing annual pharmacy and medical costs over a three-year period.


CVS Caremark’s MinuteClinic continues to evolve and play a greater role in the U.S. healthcare system as evidenced by its expanding footprint, broadening scope of service and growing roster of strategic affiliations.


Since opening its doors in 2000, MinuteClinic has surpassed 10 million patient visits and remains on course to add about 100 clinics annually over the next five years — putting the clinic operator in an ideal position to play an important role in the U.S. healthcare system.


At press time, the industry was weighing the potential merger of pharmacy benefit manager rivals Express Scripts and Medco Health Solutions, but executives at CVS Caremark remain more confident than ever that its PBM business is ideally positioned to “effectively compete,” regardless of what federal trade regulators decide for ESI-Medco. And there’s good reason why.


MISSISSAUGA, Ontario — The retirement of Katz Group Canada CEO Andy Giancamilli come February will mark the rise of pharmacy veteran Frank Scorpiniti, who will take the helm of the Canadian retailer.


Scorpiniti joined Katz Group Canada in April 2011 as COO. Long regarded as one of the bright young executives in retail pharmacy, Scorpiniti now will get a chance to lead a progressive Canadian pharmacy chain, with a hot new Rexall Healthy Living concept, a national presence under Rexall and a slew of innovative programs like the employer-based Rexall Network program.


CVS Caremark may be highly focused on driving medication adherence, curbing rising healthcare costs and improving the health outcomes of its patients, but there’s no doubt that its retail segment remains a critical part of its business, as evidenced by the innovative initiatives playing out at the front end.


DEERFIELD, Ill. — Walgreens on Tuesday named Jeffrey Kang and Mike Ellis to its pharmacy, health and wellness division.

Kang will join Walgreens Oct. 31 as SVP health and wellness services and solutions, reporting to both president and CEO Greg Wasson and president of pharmacy, health and wellness Kermit Crawford.

In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion, reporting to Crawford.

ALEXANDRIA, Va. — The Academy of Managed Care Pharmacy, a national professional association of pharmacists and healthcare practitioners, on Wednesday announced the appointment of Edith Rosato as CEO.

Rosato will take over from long-time CEO Judith Cahill, who announced her plans to retire earlier this year.

In her new role as CEO, Rosato will be responsible for all program, financial and operational aspects of the academy, including a $10 million budget and staff of nearly 40. She will start her position in November.

WOONSOCKET, R.I. — In honor of American Pharmacists Month, CVS Caremark is recognizing the role pharmacists and pharmacy technicians play in the U.S. healthcare system.

CVS Caremark said it will publicly recognize its more than 26,000 pharmacists and their commitment to patient care during the month of October with ads in industry trade publications and on its in-store radio network. What's more, the company also will salute its 50,000 pharmacy technicians later this month on Oct. 25, which is Pharmacy Technician Day.

SILVER SPRING, Md. — The second season of "Extreme Couponing" debuted on TLC Wednesday evening, and with the new season came a renewed concern as to how extreme couponers will impact value promotions at retail.

That may be one of the more significant concerns for retailers, according to a Bloomberg report published Wednesday — that promotions are attracting one-time buyers who cherry-pick their way through the weekly shopping trip in place of loyal consumers.

VALLEY FORGE, Pa. — AmerisourceBergen on Tuesday purchased TheraCom, a subsidiary of CVS Caremark that provides a wide range of support to pharmaceutical and biotechnology drug manufacturers, including consulting and reimbursement services, for $250 million.

TheraCom is a provider of commercialization support services to the biotech and pharmaceutical industry, specifically, providing reimbursement and patient access support services, and will join Lash Group as part of AmerisourceBergen Consulting Services.