Content about CVS Caremark

WOONSOCKET, R.I. — CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry Merlo as president of CVS/pharmacy. The move is part of the corporate succession plan announced last May in which Tom Ryan will retire as CEO prior to the next annual meeting and Merlo will step up as CEO.

NEW YORK — Leaders in specialty pharmacy gathered in New York on Tuesday at the New York Athletic Club to attend the second annual Specialty Pharmacy Roundtable discussion presented by Drug Store News and Armada Health Care.

David Galardi, co-founder of Apogenics Inc., moderated the robust panel, which was comprised of Nick Calla of Walgreens Specialty Pharmacy, John Musil of The Apothecary Shops, Tim Kaplan of Amber Pharmacy, Jeanne Ann Stasny of Walmart Specialty Pharmacy and Albert Thigpen of CVS Caremark, among others.

WOONSOCKET, R.I. The customer care team of CVS Caremark's pharmacy benefit management business earned a silver medal for its customer service by Contact Center World, CVS announced Friday.

WASHINGTON All Kids Can, a program of the CVS Caremark Charitable Trust and VSA, the international organization on arts and disability, are kicking off the 2011 All Kids Can Create Call for Art, which invites children ages 5 years to 15 years to explore and share their artistic talents.

WOONSOCKET, R.I. — There is a direct correlation between the amount of a patient's out-of-pocket co-pay and prescription abandonment, according to the findings of a CVS Caremark-sponsored study published this week in the Annals of Internal Medicine. The study also found that e-prescriptions are more likely to be abandoned at retail compared with handwritten prescriptions.

WOONSOCKET, R.I. In testimony before the Food and Drug Administration on Tuesday, CVS Caremark’s SVP specialty pharmacy operations, Scott Reid, reiterated the company’s support that the FDA implement regulations necessary to approve biogeneric drugs under the Affordable Care Act.

WOONSOCKET, R.I. CVS/pharmacy on Monday announced results of a survey examining various aspects of disease management and lifestyle for patients with diabetes. Of 3,242 respondents with diabetes, 32% reported they have been less vigilant about daily glucose testing due to cost, and as many as 24% of respondents said that cost has led them to be less conscientious about maintaining a proper diet.

As this issue went to press, it sure had been a busy week here at Drug Store News. And that means it was a busy week for the industry, too.

WOONSOCKET, R.I. In recognition of American Diabetes Month in November, MinuteClinic is offering complimentary A1c tests beginning Oct. 25 through Nov. 25, CVS Caremark has announced. The free tests, sponsored by Bayer Diabetes Care, are available while supplies last.

WHAT IT MEANS AND WHY IT'S IMPORTANT During the Academy of Managed Care Pharmacy 2010 Educational Conference held Oct. 13 to 15, CVS Caremark shared data to further demonstrate ways to curb drug costs. This is important because what these studies, and others like it, continue to illustrate is that there are a variety of ways to reduce prescription drug costs beyond simply cutting prices to levels that could compromise a pharmacy's ability to deliver the high-quality service necessary to achieve better health outcomes.