Content about Caremark Rx

December 27, 2013

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.

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.

August 27, 2013

How can retail pharmacy play a greater role in battling the nation's prescription drug abuse epidemic? Data. To shed light on how CVS Caremark tapped its extensive prescribing database to identify signs of potential inappropriate prescribing, CVS Caremark¹s Troy Brennan talked with DSN about the program and the ongoing efforts to combat prescription drug abuse.

AUDIO Q&A: How can retail pharmacy play a greater role in battling the nation's prescription drug abuse epidemic? Data. To shed light on how CVS Caremark tapped its extensive prescribing database to identify signs of potential inappropriate prescribing, CVS Caremark's Troy Brennan talked with DSN about the program and the ongoing efforts to combat prescription drug abuse.

October 9, 2012

With healthcare reform on track to bring 32 million more Americans into the healthcare system in 2014, and with payers and patients looking for solutions to curb costs as the nation battles a shortage of primary care physicians and access to quality care, CVS Caremark’s role in reinventing pharmacy through its distinctive business model couldn’t be more imperative than it is today.

With healthcare reform on track to bring 32 million more Americans into the healthcare system in 2014, and with payers and patients looking for solutions to curb costs as the nation battles a shortage of primary care physicians and access to quality care, CVS Caremark’s role in reinventing pharmacy through its distinctive business model couldn’t be more imperative than it is today.

 

March 26, 2012

As part of the Executive Viewpoint video series, DSN editor in chief Rob Eder sat down with Larry Merlo, president and CEO of CVS Caremark, to discuss CVS Caremark's integrated pharmacy model and the future of health care in America.

As part of the Executive Viewpoint video series, DSN editor in chief Rob Eder sat down with Larry Merlo, president and CEO of CVS Caremark, to discuss CVS Caremark's integrated pharmacy model and the future of health care in America.

March 9, 2012

Anchored by more than 7,300 stores, 650 clinics and the nation's second-biggest PBM, CVS Caremark is unlike any other company. President and CEO Larry Merlo tells DSN why that matters to payers.

Anchored by more than 7,300 stores, 650 clinics and the nation's second-biggest PBM, CVS Caremark is unlike any other company. President and CEO Larry Merlo tells DSN why that matters to payers.

Click below to download the complete PDF of "CVS Caremark: A category of one."

October 11, 2011

CVS Caremark has grown from a go-getting New England-based regional player to a nearly $100 billion pharmacy healthcare giant known for its vertically integrated pharmacy-PBM model via the 2007 acquisition of Caremark, its highly successful loyalty card program and its innovative beauty concepts. Now, the industry trailblazer embarks on a new chapter with a new leader and an eye on driving medication adherence, curbing healthcare costs and improving the health outcomes of its patients.

Over the years, CVS Caremark has grown from a go-getting New England-based regional player to a nearly $100 billion pharmacy healthcare giant known for its vertically integrated pharmacy-PBM model via the 2007 acquisition of Caremark, its highly successful loyalty card program and its innovative beauty concepts.

April 16, 2014

Rob Price, SVP marketing and advertising and chief marketing officer for CVS/pharmacy, has left the company to take a new role, the retailer said in a statement sent to Drug Store News.

WOONSOCKET, R.I. — Rob Price, SVP marketing and advertising and chief marketing officer for CVS/pharmacy, has left the company to take a new role, the retailer said in a statement sent to Drug Store News.    

April 10, 2014

Prescription drug trend grew 3.8% in 2013, driven by significant price inflation for traditional brand drugs, specialty drugs and generics, as well as an increase in utilization as members filled more prescriptions in the slowly improving economy, according to the findings of CVS Caremark’s annual "Insights" report released on Thursday.

WOONSOCKET, R.I. — Prescription drug trend grew 3.8% in 2013, driven by significant price inflation for traditional brand drugs, specialty drugs and generics, as well as an increase in utilization as members filled more prescriptions in the slowly improving economy, according to the findings of CVS Caremark’s annual "Insights" report released on Thursday. This compares with 2012, which experienced nearly flat growth at 0.1%.

April 9, 2014

As the cost for specialty medications continues to rise, implementing an effective "channel transition" approach — the process of moving prescriptions from the medical benefit to the pharmacy benefit — can produce significant savings for healthcare payers by improving management of these complex and costly drugs, according to a new report commissioned by CVS Caremark.

WOONSOCKET, R.I. — As the cost for specialty medications continues to rise, implementing an effective "channel transition" approach — the process of moving prescriptions from the medical benefit to the pharmacy benefit — can produce significant savings for healthcare payers by improving management of these complex and costly drugs, according to a new report commissioned by CVS Caremark.

April 8, 2014

CVS Caremark announced on Tuesday that it has finalized with the Securities and Exchange Commission a settlement that was previously announced in August 2013.

WOONSOCKET, R.I. — CVS Caremark announced on Tuesday that it has finalized with the Securities and Exchange Commission a settlement that was previously announced in August 2013.

The settlement was entered into on a "no admit or deny basis" and will not require CVS Caremark to restate its earnings for any reporting period. The company stated that the matter is now fully resolved.

April 3, 2014

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced the recipients of nearly 70 grants awarded to free and charitable clinics, school-based health centers and community health centers as part of a $5 million commitment to increase access to health care in communities nationwide.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark, has announced the recipients of nearly 70 grants awarded to free and charitable clinics, school-based health centers and community health centers as part of a $5 million commitment to increase access to health care in communities nationwide through partnerships with the National Association of Free and Charitable Clinics, the School-Based Health Alliance and the National Association of Community Health Centers.

April 2, 2014

Wake Forest University School of Business Center for Retail Innovation has announced that CVS Caremark will co-host the annual Retail and Health Innovation Challenge with the Center for the next five years, through 2018.

WINSTON-SALEM, N.C. — Wake Forest University School of Business Center for Retail Innovation has announced that CVS Caremark will co-host the annual Retail and Health Innovation Challenge with the Center for the next five years, through 2018.

April 2, 2014

Labeed Diab has been named SVP and president health and wellness at Walmart, filling a position previously held by Dr. John Agwunobi, who left the company.

BENTONVILLE, Ark. — Labeed Diab has been named SVP and president health and wellness at Walmart, filling a position previously held by Dr. John Agwunobi, who left the company.

April 2, 2014

Robert M. Long, former president, CEO and chairman of Longs Drug Stores passed away March 27 due to complications, which occurred as a result of inclusion body myositis.

WALNUT CREEK, Calif. — Robert M. Long, former president, CEO and chairman of Longs Drug Stores passed away March 27 due to complications, which occurred as a result of inclusion body myositis.  

Long was a well-known industry veteran having led Longs Drug Stores for more than 20 years. His retirement from the Walnut Creek, Calif.-based pharmacy retailer as CEO in 2000 marked the first time that a member of the founding family was not heading the company.

March 31, 2014

CVS Caremark has announced that it will be the National Premier Sponsor of Easter Seals Walk With Me in 2014 — its ninth straight year.

CHICAGO — CVS Caremark has announced that it will be the National Premier Sponsor of Easter Seals Walk With Me in 2014 — its ninth straight year.

Demonstrating its continued commitment to children with disabilities and their families through the All Kids Can Program, CVS Caremark and thousands of its colleagues nationwide have raised nearly $10 million through Walk With Me to support local Easter Seals services throughout the years.

March 26, 2014

CVS Caremark has been awarded a three-year contract to provide integrated PBM for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program.

WOONSOCKET, R.I. — CVS Caremark has been awarded a three-year contract to provide integrated PBM for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program.

March 18, 2014

CVS/pharmacy is now providing ScripTalk talking prescription labels for prescriptions ordered for home delivery through its online pharmacy, the company has announced.

WOONSOCKET, R.I. — CVS/pharmacy is now providing ScripTalk talking prescription labels for prescriptions ordered for home delivery through its online pharmacy, the company has announced.

March 12, 2014

The digital marketing initiative known as “My Weekly Ad” is helping CVS Caremark grow sales and deepen engagement with loyal customers by providing them with personalized versions of the retailer’s weekly ad. The program was launched last fall, and Wednesday morning during a presentation at the IRI Summit CVS Caremark SVP of merchandising and retail pricing Judy Sansone shared additional details regarding the program.

ORLANDO, Fla. — The digital marketing initiative known as “My Weekly Ad” is helping CVS Caremark grow sales and deepen engagement with loyal customers by providing them with personalized versions of the retailer’s weekly ad. The My Weekly Ad program was launched last fall, and Wednesday morning during a presentation at the IRI Summit, CVS Caremark SVP of merchandising and retail pricing Judy Sansone shared additional details regarding the program.

March 6, 2014

CVS Caremark’s MinuteClinic and Robert Wood Johnson University Hospital have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic in New Jersey's Middlesex and Mercer counties.

WOONSOCKET, R.I. and NEW BRUNSWICK, N.J. — CVS Caremark’s MinuteClinic and Robert Wood Johnson University Hospital have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic in New Jersey's Middlesex and Mercer counties.

The affiliation is MinuteClinic's 32nd collaboration with a hospital or health system in the United States.

March 5, 2014

CVS Caremark’s MinuteClinic and Main Line Health have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic locations in southeastern Pennsylvania.

WOONSOCKET, R.I. and RADNOR, Pa. — CVS Caremark’s MinuteClinic and Main Line Health have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic locations in southeastern Pennsylvania.

March 4, 2014

Drug Channels on Tuesday sized up the specialty pharmacy market. Last year specialty drugs accounted for 22% of all pharmacy revenue, and 63% of the specialty business is dispensed by three companies: Express Scripts, CVS Caremark and Walgreens.

PHILADELPHIA — Drug Channels on Tuesday sized up the specialty pharmacy market. Last year specialty drugs accounted for 22% of all pharmacy revenue, and 63% of the specialty business is dispensed by three companies: Express Scripts, CVS Caremark and Walgreens. According to Drug Channels estimates, the specialty pharmacy market generated $63.2 billion in 2013. 

February 28, 2014

Fred’s Super Dollar has visited CVS Caremark, Dollar General and Walgreens seeking bids for its Southeastern chain of discount stores, according to a report published Friday by Bloomberg News.

NEW YORK — Fred’s Super Dollar has visited CVS Caremark, Dollar General and Walgreens seeking bids for its Southeastern chain of discount stores, according to a report published Friday by Bloomberg News

Buyout firms including Miami-based H.I.G. Capital also were contacted, the report added.

February 24, 2014

CommonWell Health Alliance, the health information technology vendor-led interoperability effort, announced on Monday that CVS Caremark has joined as one of the newest contributing members of the organization.

ORLANDO, Fla. — CommonWell Health Alliance, the health information technology vendor-led interoperability effort, announced on Monday that CVS Caremark has joined as one of the newest contributing members of the organization.

CVS Caremark joins founding members Allscripts, Athenahealth, Cerner, CPSI, Greenway, McKesson and Sunquest and service provider RelayHealth in the Alliance's work.
 

February 21, 2014

CVS Caremark’s MinuteClinic has announced that it is switching from its own proprietary electronic medical record solution to Epic’s EpicCare system.

WOONSOCKET, R.I. — CVS Caremark’s MinuteClinic has announced that it is switching from its own proprietary electronic medical record solution to Epic’s EpicCare system.

"EpicCare's rich platform will allow us to continue to provide the highest quality of care and advance our services through a robust, world class EMR," said Andrew Sussman, president of MinuteClinic and SVP/associate chief medical officer of CVS Caremark.

February 21, 2014

CVS Caremark’s MinuteClinic is testing telehealth at more than two-dozen sites in California and is looking to expand the pilot to a second state.

The pilot program not only further illustrates CVS Caremark’s goal of creating a national platform to support primary care but it also speaks to larger trend playing out within the country’s healthcare landscape — telehealth.

CVS Caremark’s MinuteClinic is testing telehealth at more than two-dozen sites in California and is looking to expand the pilot to a second state.

The pilot program not only further illustrates CVS Caremark’s goal of creating a national platform to support primary care but it also speaks to larger trend playing out within the country’s healthcare landscape — telehealth.