Content about CVS Caremark

April 8, 2011

The news that CVS Caremark's MinuteClinic has entered into a clinical affiliation with Advocate Health Care and Advocate Physician Partners is important as it reflects a larger focus within the U.S. healthcare landscape: medical homes, or for a growing number of Americans, the lack thereof.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that CVS Caremark's MinuteClinic has entered into a clinical affiliation with Advocate Health Care and Advocate Physician Partners is important as it reflects a larger focus within the U.S. healthcare landscape: medical homes, or for a growing number of Americans, the lack thereof.

April 7, 2011

CVS Caremark's retail-based clinic operator, MinuteClinic, has entered into a clinical affiliation with Advocate Health Care and Advocate Physician Partners to enhance the healthcare services provided to patients in communities throughout Chicagoland and central Illinois.

WOONSOCKET, R.I., and OAK BROOK, Ill. — CVS Caremark's retail-based clinic operator, MinuteClinic, has entered into a clinical affiliation with Advocate Health Care and Advocate Physician Partners to enhance the healthcare services provided to patients in communities throughout Chicagoland and central Illinois. The deal marks the largest clinical collaboration between a regional health system and MinuteClinic based on number of in-store clinic locations.

April 7, 2011

Walgreens VP clinical affairs David Lorber will present during the Pinsonault Associates Managed Markets Summit on April 12 in Miami, Fla., the retailer announced Thursday.

DEERFIELD, Ill. — Walgreens VP clinical affairs David Lorber will present during the Pinsonault Associates Managed Markets Summit on April 12 in Miami, Fla., the retailer announced Thursday.

The session, titled "Employer Issues in Specialty Pharmacy," will examine concerns for payers, including cost management and containment, benefit and coverage decisions, formulary and medical policy, pipeline management, provider network, member satisfaction and disruption, and compliance.

April 5, 2011

CVS Caremark announced on Tuesday that it has been named as one of the most reputable companies in the United States in the 2011 Most Reputable Companies list published by Forbes magazine in partnership with the Reputation Institute.

WOONSOCKET, R.I. — CVS Caremark announced on Tuesday that it has been named as one of the most reputable companies in the United States in the 2011 Most Reputable Companies list published by Forbes magazine in partnership with the Reputation Institute.

Of the 150 companies included in the survey, CVS Caremark ranked 30th.

Survey respondents rated companies on financial performance, products and services, innovation, workplace, governance, citizenship and leadership.

April 4, 2011

Former Caremark Rx executive Drew Crawford has been appointed president and CEO of Benecard PBF, an administrator of prescription benefits and services to public and private plan sponsors.

ORLANDO, Fla. — Former Caremark Rx executive Drew Crawford has been appointed president and CEO of Benecard PBF, an administrator of prescription benefits and services to public and private plan sponsors.

Crawford is a former member of the executive management of Caremark Rx and is the son of Mac Crawford, who served as chairman, president and CEO of Caremark Rx and also is the former chairman of CVS Caremark.

April 1, 2011

The news that CVS Caremark has named Helena Foulkes EVP and chief healthcare strategy and marketing officer undoubtedly is significant, as she will be responsible for integrating all the company's capabilities in branding, communications and healthcare-reform strategy to forge even stronger partnerships and further improve pharmacy care delivery. The responsibilities of this newly created position will be no small feat, indeed, but clearly those at 1 CVS Drive are more than confident in her abilities.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that CVS Caremark has named Helena Foulkes EVP and chief healthcare strategy and marketing officer undoubtedly is significant, as she will be responsible for integrating all the company's capabilities in branding, communications and healthcare-reform strategy to forge even stronger partnerships and further improve pharmacy care delivery.

April 1, 2011

Farmers and tradesmen. That’s who politicians used to be. Back then, legislative initiatives weren’t splintered by a hundred different agendas. But the reality of today’s lawmaking process is so much more convoluted; that’s why educating policy-makers around the hardwood issues is so paramount.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Farmers and tradesmen. That’s who politicians used to be. Back then, legislative initiatives weren’t splintered by a hundred different agendas. But the reality of today’s lawmaking process is so much more convoluted; that’s why educating policy-makers around the hardwood issues is so paramount.

March 29, 2011

CVS Caremark has named Helena Foulkes, who is widely regarded as one of the most visionary marketers in modern drug store retailing, to the newly created position of EVP and chief healthcare strategy and marketing officer.

WOONSOCKET, R.I. — CVS Caremark has named Helena Foulkes, who is widely regarded as one of the most visionary marketers in modern drug store retailing, to the newly created position of EVP and chief healthcare strategy and marketing officer.

In the new role, Foulkes will bring together the company's capabilities in enterprise branding, communications, community relations, charitable giving, healthcare-reform strategy, government relations and marketing into one integrated organization in an effort to deliver even better business results and stronger partnerships.

March 28, 2011

It’s that time of year once again. Come April 30, more than 2,000 of today’s leading retail executives from food, drug and mass, and their supply partners, will convene at the National Association of Chain Drug Stores Annual Meeting in Scottsdale, Ariz., to gain new insights into today’s changing marketplace and explore future opportunities.

SCOTTSDALE, Ariz. — It’s that time of year once again. Come April 30, more than 2,000 of today’s leading retail executives from food, drug and mass, and their supply partners, will convene at the National Association of Chain Drug Stores Annual Meeting in Scottsdale, Ariz., to gain new insights into today’s changing marketplace and explore future opportunities.

March 25, 2011

"Dispense-as-written" prescriptions are exacerbating medication nonadherence and costing the U.S. healthcare system billions of dollars, according to a new study by researchers at Harvard University, Brigham and Women's Hospital, and CVS Caremark.

WOONSOCKET, R.I. — "Dispense-as-written" prescriptions are exacerbating medication nonadherence and costing the U.S. healthcare system billions of dollars, according to a new study by researchers at Harvard University, Brigham and Women's Hospital, and CVS Caremark.

March 24, 2011

Boston Medical Center announced that it has received a $50,000 grant for the Autism Clinic from CVS Caremark Charitable Trust, the private foundation created by CVS Caremark.

BOSTON — Boston Medical Center announced that it has received a $50,000 grant for the Autism Clinic from CVS Caremark Charitable Trust, the private foundation created by CVS Caremark.

BMC is one of 72 organizations selected from a pool of 660 applicants to receive an individual or multiyear grant for 2010. The grant will allow the Autism Clinic to develop a written behavioral curriculum for hands-on training for parents with low income and/or limited-English proficiency.

March 15, 2011

The CVS Caremark Charitable Trust has announced the donation of $100,000 to the American Red Cross in support of relief efforts under way in Japan following last week's tragic earthquake and tsunami, with a potential total donation of up to $300,000 through the matching of CVS Caremark employee donations.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust has announced the donation of $100,000 to the American Red Cross in support of relief efforts under way in Japan following last week's tragic earthquake and tsunami, with a potential total donation of up to $300,000 through the matching of CVS Caremark employee donations.

March 15, 2011

A drug used to prevent stroke in patients with a form of atrial fibrillation has won preferred Tier 2 formulary status with pharmacy benefit managers Medco Health Solutions and CVS Caremark.

RIDGEFIELD, Conn. — A drug used to prevent stroke in patients with a form of atrial fibrillation has won preferred Tier 2 formulary status with pharmacy benefit managers Medco Health Solutions and CVS Caremark.

Boehringer Ingelheim Pharmaceuticals announced Monday that CVS Caremark and Medco had added Pradaxa (dabigatran etexilate mesylate) capsules to their commercial preferred drug lists, and Medco had added the drug to its Part D drug list.

March 14, 2011

A lot was made of Walgreens' sale of its pharmacy benefit management business to focus on its stores and the other parts of its business, with some analysts and pundits suggesting CVS should or might soon follow suit. Whether or not CVS Caremark decides to do the same remains to be seen, but it certainly isn't the foregone conclusion some have suggested it might be.

WHAT IT MEANS AND WHY IT'S IMPORTANT — A lot was made of Walgreens' sale of its pharmacy benefit management business to focus on its stores and the other parts of its business, with some analysts and pundits suggesting CVS should or might soon follow suit. Whether or not CVS Caremark decides to do the same remains to be seen, but it certainly isn't the foregone conclusion some have suggested it might be.

March 9, 2011

CVS Caremark's board of directors has approved a quarterly dividend of 12.5 cents per share.

WOONSOCKET, R.I. — CVS Caremark's board of directors has approved a quarterly dividend of 12.5 cents per share.

The dividend is payable May 3 to holders of record on April 22, the company noted.

March 9, 2011

Patients that participated in a prescription discount card program created by the National Association of Counties saved more than $107 million on their medications in 2010, a new survey released by CVS Caremark and NACo found.

WOONSOCKET, R.I., and WASHINGTON —  Patients that participated in a prescription discount card program created by the National Association of Counties saved more than $107 million on their medications in 2010, a new survey released by CVS Caremark and NACo found.

What's more, CVS Caremark and NACo noted, the average discount per prescription was about 24%.

March 4, 2011

Alarming statistics are as common in the healthcare world as healthcare workers themselves, but some of the latest numbers from the Centers for Disease Control and Prevention are particularly dramatic: Nearly 26 million Americans have diabetes, the agency said in late January, and an estimated 79 million U.S. adults — representing more than one-third of all adults in the country — have prediabetes.

March 4, 2011

Walgreens’ winning of an award for its MTM services came right before it joined the Care Continuum Alliance — a group of more than 200 stakeholders that provide such services as wellness and prevention programs and management of chronic conditions — of which CVS Caremark already was a member.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Walgreens’ winning of an award for its MTM services came right before it joined the Care Continuum Alliance — a group of more than 200 stakeholders that provide such services as wellness and prevention programs and management of chronic conditions — of which CVS Caremark already was a member.

(THE NEWS: Walgreens takes top honors for MTM services. For the full story, click here)

March 2, 2011

CVS Caremark has inked a three-year agreement with ActiveHealth Management, an independent subsidiary of Aetna, under which CVS Caremark will apply the evidence-based, clinical intelligence of the ActiveHealth CareEngine to healthcare claims for its PBM customers to identify opportunities for improved pharmacy care.

NEW YORK and WOONSOCKET, R.I. — CVS Caremark has inked a three-year agreement with ActiveHealth Management, an independent subsidiary of Aetna, under which CVS Caremark will apply the evidence-based, clinical intelligence of the ActiveHealth CareEngine to healthcare claims for its PBM customers to identify opportunities for improved pharmacy care.

CVS Caremark will apply the CareEngine to more than 800,000 members beginning in April, with additional membership to be added as CVS Caremark consults with its PBM clients.

March 1, 2011

In connection with the previously announced $1.25 billion acquisition of the Medicare Part D business of Universal American by CVS Caremark, both companies have announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Act.

WOONSOCKET, R.I., and RYE BROOK, N.Y. — In connection with the previously announced $1.25 billion acquisition of the Medicare Part D business of Universal American by CVS Caremark, both companies have announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Act.

The transaction is expected to close by the end of second quarter 2011 and is subject to customary closing conditions, including approval of Universal American shareholders and state regulatory approvals.

March 1, 2011

As previously announced and widely reported, March 1 marks the day that Larry Merlo officially assumes the role of CEO of CVS Caremark.

WOONSOCKET, R.I. — As previously announced and widely reported, March 1 marks the day that Larry Merlo officially assumes the role of CEO of CVS Caremark. Merlo, who now serves as president and CEO, succeeds Tom Ryan, who remains nonexecutive chairman until his retirement at the company's annual meeting of shareholders in May.

Upon Ryan's retirement as chairman in May, the company intends to elect CVS Caremark board member David Dorman as the next nonexecutive chairman at the 2011 annual meeting. Dorman has been on the CVS Caremark board of directors since 2006.

February 28, 2011

CVS/pharmacy has announced the launch of the 2011 To Your Health program, offering free preventive health screenings at more than 800 events in communities across the country. The program is designed to help Americans determine their risk for chronic diseases and get them on a path to better health.

WOONSOCKET, R.I. — CVS/pharmacy has announced the launch of the 2011 To Your Health program, offering free preventive health screenings at more than 800 events in communities across the country. The program is designed to help Americans determine their risk for chronic diseases and get them on a path to better health.

The program will get under way in Houston on March 5, and continue in Dallas, Los Angeles, Washington, D.C., Atlanta, Philadelphia, Chicago and Miami.

February 25, 2011

As Walgreens pays tribute to its store brand via hard-hitting ads that position its health-and-wellness products as the ones that its pharmacists recommend, CVS/pharmacy officially has unveiled its new Just the Basics private-label line — both developments that should serve as warning signs to vendors.

WHAT IT MEANS AND WHY IT'S IMPORTANT — As Walgreens pays tribute to its store brand via hard-hitting ads that position its health-and-wellness products as the ones that its pharmacists recommend, CVS/pharmacy officially has unveiled its new Just the Basics private-label line — both developments that should serve as warning signs to vendors.

(THE NEWS: CVS/pharmacy's Just the Basics line makes debut. For the full story, click here)

February 23, 2011

CVS/pharmacy and the United Negro College Fund, a minority education organization, are teaming up to celebrate Black History Month and promote education in the retailer's stores nationwide.

WOONSOCKET, R.I. — CVS/pharmacy and the United Negro College Fund, a minority education organization, are teaming up to celebrate Black History Month and promote education in the retailer's stores nationwide.

February 23, 2011

As expected, CVS/pharmacy officially has introduced a new line of store-brand products called Just the Basics, which is comprised of household essentials. As previously reported by Drug Store News, the retailer unveiled plans to launch the new line during its 2010 analyst day in October.

WOONSOCKET, R.I. — As expected, CVS/pharmacy officially has introduced a new line of store-brand products called Just the Basics, which is comprised of household essentials. As previously reported by Drug Store News, the retailer unveiled plans to launch the new line during its 2010 analyst day in October.

The new product line, exclusively available at CVS/pharmacy, is comprised of nearly 100 items, and there are plans to expand the line going forward.