Content about CVS Caremark

January 9, 2014

A deal announced last month between CVS Caremark and Cardinal Health created a joint venture that the companies said would be the largest generic drug sourcing entity in the United States.

A deal announced last month between CVS Caremark and Cardinal Health created a joint venture that the companies said would be the largest generic drug sourcing entity in the United States.

Each company will have a 50% stake in the joint venture, contributing its respective sourcing and supply chain expertise. The deal also included an extension of Cardinal Health’s existing pharmaceutical distribution agreement with CVS Caremark through June 2019.

January 9, 2014

Rather than take vacation for Christmas and New Year’s, the editors of DSN worked to compile a list of the top 10 trends that will shake up the business in 2014.

Rather than take vacation for Christmas and New Year’s, the editors of DSN worked to compile a list of the top 10 trends that will shake up the business in 2014.

Clinics explode onto scene

Keep a close eye on retail-based health clinics come 2014.

The convenient care industry has come far since hitting the scene in 2000 and today — with nearly 1,500 clinics nationwide — they are proving their importance within the changing healthcare landscape.

January 9, 2014

A confluence of healthcare trends has expanded a lucrative, if challenging, opportunity for pharmacies able to invest in its potential.

A confluence of healthcare trends has expanded a lucrative, if challenging, opportunity for pharmacies able to invest in its potential.

January 7, 2014

During the holiday season, 81 area nonprofit organizations received funds from the CVS Caremark Charity Classic at a recently held presentation at CVS Caremark’s headquarters.

WOONSOCKET, R.I. — During the holiday season, 81 area nonprofit organizations received funds from the CVS Caremark Charity Classic at a recently held presentation at CVS Caremark’s headquarters.

As the largest charitable sporting event in Rhode Island that attracts world-class golfers, the tournament donated $1.3 million in 2013 to organizations across Southern New England, bringing the total support since 1999 to more than $17 million.

January 6, 2014

WOONSOCKET, R.I. — CVS/pharmacy announced on Monday the launch of the Family Vitamin Center, a new health hub on CVS.com to help educate customers on the vitamins and supplements that can support their personal health goals.

January 2, 2014

With coverage under the Affordable Care Act now underway for millions of Americans, CVS Caremark has announced that it is ready to help patients who may experience coverage issues or have questions as they access care and prescription medications under new plans for the first time.

WOONSOCKET, R.I. — With coverage under the Affordable Care Act now underway for millions of Americans, CVS Caremark has announced that it is ready to help patients who may experience coverage issues or have questions as they access care and prescription medications under new plans for the first time.

December 26, 2013

Another key area, in which the learnings of ExtraCare are helping to inform the overall CVS Caremark retail strategy and personalize the shopping experience is in the way CVS Caremark designs and merchandises its stores.

Another key area, in which the learnings of ExtraCare are helping to inform the overall CVS Caremark retail strategy and personalize the shopping experience is in the way CVS Caremark designs and merchandises its stores.

December 26, 2013

Fifteen years worth of ExtraCare learnings also have dramatically influenced the way CVS Caremark markets and merchandises to its best customers. These learnings have informed a critical part of its overall retail strategy, SVP merchandising Judy Sansone told DSN — conversion.

Fifteen years worth of ExtraCare learnings also have dramatically influenced the way CVS Caremark markets and merchandises to its best customers. These learnings have informed a critical part of its overall retail strategy, SVP merchandising Judy Sansone told DSN — conversion.

December 26, 2013

It’s been a busy month for news about CVS Caremark, as DSN raced to compile the special report on the company that appears in this issue. Each of the announcements only serves to amplify our “Power of One” theme.

Take its new joint venture with Cardinal Health, which will negotiate prices and source generic drugs for both companies.

December 26, 2013

Now, a year later, as the company completes its 50th year in business and the country awaits a period of change in health care unlike anything seen in at least that time, CVS Caremark executives are quite confident that its unique hybrid structure and its ability to leverage the three core parts of its business — either individually or together, in varying combinations to serve a multitude of needs — aligns more effectively with the long-term trends in health care and puts the company in a unique position at a singular moment in history.

In 2012, DSN presented an in-depth report on CVS Caremark’s integrated pharmacy business model — part big retail pharmacy chain, part big PBM, part big retail clinic operator — and the innovative products and solutions that were coming out of the organization, particularly where the three parts of the business came together, its “integration sweet spots,” as company executives referred to them.

December 20, 2013

CVS Caremark announced on Friday that the Centers for Medicare and Medicaid Services has lifted the sanctions imposed against the company's SilverScript Medicare Part D Prescription Drug Plan, effective Jan. 1.

WOONSOCKET, R.I. — CVS Caremark announced on Friday that the Centers for Medicare and Medicaid Services has lifted the sanctions imposed against the company's SilverScript Medicare Part D Prescription Drug Plan, effective Jan. 1.

 "We are pleased by this news," stated Jon Roberts, president of the PBM business of CVS Caremark. "We have worked hard to implement improvements to address the enrollment processing issues that occurred in early 2013 and are committed to providing our members with quality service and support."

December 20, 2013

Top CVS Caremark executives gathered in New York City on Wednesday for its 2013 Analyst Day to outline the company’s strategies to drive long-term enterprise growth through its vast pool of assets and its nimbleness in responding to the evolving healthcare landscape.

It marked the third year that the Woonsocket, R.I.-based company has hosted its Analyst Day meeting in Decembe, but this year’s event no doubt proved especially timely since we’re just days away from the start of the New Year when health reform will begin to significantly alter U.S. health care.

Top CVS Caremark executives gathered in New York City on Wednesday for its 2013 Analyst Day to outline the company’s strategies to drive long-term enterprise growth through its vast pool of assets and its nimbleness in responding to the evolving healthcare landscape.

December 18, 2013

Winning with ability and agility in the age of healthcare retail-ization. That’s what it is all about for CVS Caremark, and that was a central theme of Wednesday’s timely Analyst Day meeting in New York City.

NEW YORK — Winning with ability and agility in the age of healthcare retail-ization. That’s what it is all about for CVS Caremark, and that was a central theme of Wednesday’s timely Analyst Day meeting in New York City, held just weeks before the New Year when health reform will begin to significantly alter the healthcare landscape.

December 16, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, announced a $5 million commitment to expanding access to quality health care nationwide.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, today announced a $5 million commitment to expanding access to quality health care nationwide through partnerships with the National Association of Free and Charitable Clinics, the School-Based Health Alliance and the second year of the "Innovations in Community Health" grant program in partnership with the National Association of Community Health Centers.

December 13, 2013

A recent study commissioned by Intel revealed that patients are ready to embrace personalized care, all the way down to medications for their specific genetic makeup, and they want the freedom to get health care wherever and whenever it’s convenient for them.

Why is this important? Personalization — whether it is customized coupons and marketing or prescription medications — is here and will be critical in 2014. Consumers want more, and in the face of rising healthcare costs and a strained health care system, their healthcare is no exception.

A recent study commissioned by Intel revealed that patients are ready to embrace personalized care, all the way down to medications for their specific genetic makeup, and they want the freedom to get health care wherever and whenever it’s convenient for them.

December 10, 2013

CVS Caremark and Cardinal Health announced on Tuesday the signing of an agreement to form the largest generic sourcing entity in the United States.

DUBLIN, Ohio and WOONSOCKET, R.I. — CVS Caremark and Cardinal Health announced on Tuesday the signing of an agreement to form the largest generic sourcing entity in the United States.

Both companies are contributing their sourcing and supply chain expertise to this 50/50 joint venture and are committing to source generic drugs through it. The companies separately announced a three-year extension through June 2019 of Cardinal Health's existing pharmaceutical distribution agreements with CVS Caremark.

December 9, 2013

Cardinal Health ranked No. 1 in Gartner's fifth annual Healthcare Supply Chain Top 25 ranking. Not including health systems, the top 10 included McKesson at No. 5, BD (6), Johnson and Johnson (7), Walgreens (8) and CVS Caremark (9).

STAMFORD, Conn. — Cardinal Health ranked No. 1 in Gartner's fifth annual Healthcare Supply Chain Top 25 ranking. Not including health systems, the top 10 included McKesson at No. 5, BD (6), Johnson and Johnson (7), Walgreens (8) and CVS Caremark (9). 

The Healthcare Supply Chain ranking identifies organizations leading the way in transforming the healthcare value chain to meet new revenue challenges through enhanced service and lower costs with an increasing focus on improved patient outcomes. 

December 9, 2013

In recognition of this year's National Influenza Vaccination Week, which runs Dec. 8 to 14, CVS/pharmacy and MinuteClinic are reminding families that it is not too late to get a flu shot, and are offering a 20% off CVS/pharmacy Shopping Pass to those who get their flu shot at either CVS/pharmacy or MinuteClinic this holiday season.

WOONSOCKET, R.I. — In recognition of this year's National Influenza Vaccination Week, which runs Dec. 8 to 14, CVS/pharmacy and MinuteClinic are reminding families that it is not too late to get a flu shot, and are offering a 20% off CVS/pharmacy Shopping Pass to those who get their flu shot at either CVS/pharmacy or MinuteClinic this holiday season.

December 6, 2013

Seattle-based regional pharmacy chain Bartell Drugs will open, in early 2014, retail-based clinics inside three of its stores under a partnership with local health organization Group Health Cooperative.

The importance of the news isn’t just the fact that this will mark Bartell’s foray into the convenient care clinic arena but also that it speaks to a much broader notion — 2014 will be the year of the clinics. Yes, we have said it before and we’re saying it yet again.

Seattle-based regional pharmacy chain Bartell Drugs will open, in early 2014, retail-based clinics inside three of its stores under a partnership with local health organization Group Health Cooperative.

December 4, 2013

CVS Caremark’s MinuteClinic has expanded to its 28th state with the opening of clinic locations inside select CVS/pharmacy stores in New Hampshire, and the clinic operator also has formed a new clinical collaboration with Dartmouth-Hitchcock, the largest healthcare system in New Hampshire.

WOONSOCKET, R.I. — CVS Caremark’s MinuteClinic has expanded to its 28th state with the opening of clinic locations inside select CVS/pharmacy stores in New Hampshire, and the clinic operator also has formed a new clinical collaboration with Dartmouth-Hitchcock, the largest healthcare system in New Hampshire.

Clinics are now open in Concord and West Lebanon. A Salem clinic will open Dec. 11, and locations in Hampton, Manchester and Nashua will open in early January, the company stated.

December 3, 2013

The 15th annual Industry Issues Summit, presented by The Drug Store News Group on Dec. 3, proved to be a powerful, all-star lineup as some of the top minds in pharmacy retailing gathered for a candid discussion of the top issues and trends impacting the industry.

NEW YORK — The 15th annual Industry Issues Summit, presented by The Drug Store News Group on Dec. 3, proved to be a powerful, all-star lineup as some of the top minds in pharmacy retailing gathered for a candid discussion of the top issues and trends impacting the industry. On top of that, brand-building genius and TV celebrity Daymond John of ABC’s “Shark Tank” delivered an exclusive lunchtime keynote.

December 3, 2013

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, on Tuesday announced the 25 organizations that will receive $1,000 in grants as a part of CVS Caremark's #GivingTuesday initiative, which invited CVS Caremark colleagues to nominate an organization in their community to receive a grant from the CVS Caremark Charitable Trust.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, on Tuesday announced the 25 organizations that will receive $1,000 in grants as a part of CVS Caremark's #GivingTuesday initiative, which invited CVS Caremark colleagues to nominate an organization in their community to receive a grant from the CVS Caremark Charitable Trust.

December 2, 2013

CVS Caremark is planning to acquire Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for roughly $2.1 billion. Coram provides infusion therapies and nutrition services to more than 20,000 patients each month.

The acquisition is a significant move for CVS Caremark given the growth of the home infusion business and specialty pharmacy. Furthermore, it enables CVS Caremark to further leverage its “integration sweet spots” and is in line with the company’s strategy of investing in core businesses that will help drive growth.

CVS Caremark is looking to acquire Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for roughly $2.1 billion. Coram provides infusion therapies and nutrition services to more than 20,000 patients each month.

November 27, 2013

CVS Caremark is looking to bolster its specialty pharmacy offerings by acquiring Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group for approximately $2.1 billion.

WOONSOCKET, R.I. — CVS Caremark is looking to bolster its specialty pharmacy offerings by acquiring Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group for approximately $2.1 billion.
 
Coram provides infusion therapies and nutrition services to more than 20,000 patients each month. Coram cares for patients primarily through home infusion as well as a national network of more than 85 locations, including more than 65 ambulatory infusion suites.

November 25, 2013

CVS Caremark has announced the appointment of Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Helena Foulkes as president of CVS/pharmacy, effective Jan. 1. She succeeds Mark Cosby, who is stepping down on Dec. 31.

Cosby has led the company’s retail business since October 2011, including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.