Content about Caremark Rx

October 14, 2011
Inspiring young Latinos to join healthcare field comes at critical time

The news that CVS Caremark has partnered with the Hispanic Heritage Foundation to inspire and prepare young Latinos to join the healthcare field is not only positive in its own right but is especially important when you look at the fact that the nation’s Hispanic population is growing four times faster than the total U.S. population.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that CVS Caremark has partnered with the Hispanic Heritage Foundation to inspire and prepare young Latinos to join the healthcare field is not only positive in its own right but is especially important when you look at the fact that the nation’s Hispanic population is growing four times faster than the total U.S. population.

October 13, 2011
CVS Caremark launches a new Droid app

CVS Caremark has released the Caremark.com Droid application, which provides Android users with access to the Drug Information Database to learn about various prescription drugs and allows CVS Caremark plan members to log in and manage their prescriptions online.

WOONSOCKET, R.I. — CVS Caremark has released the Caremark.com Droid application, which provides Android users with access to the Drug Information Database to learn about various prescription drugs and allows CVS Caremark plan members to log in and manage their prescriptions online.

The free app can be used with Android 2.1 OS and above phones. Caremark.com has had an iPhone application available since July 2010, and this new Android application further broadens CVS Caremark members' mobile access to their prescription information.

October 13, 2011
CVS Caremark, Hispanic Heritage Foundation partner to inspire future Latino healthcare leaders

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.

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.

October 11, 2011
CVS explores cause, cost of nonadherence

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.


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.


October 11, 2011
Dispense-as-written Rxs 
exacerbating healthcare costs

“Dispense-as-written” prescriptions are exacerbating medication nonadherence and costing the U.S. healthcare system up to $7.7 billion annually, according to a study by researchers at Harvard University, Brigham and Women’s Hospital, and CVS Caremark.


“Dispense-as-written” prescriptions are exacerbating medication nonadherence and costing the U.S. healthcare system up to $7.7 billion annually, according to a study by researchers at Harvard University, Brigham and Women’s Hospital, and CVS Caremark.


October 11, 2011
Merlo takes the helm

CVS Caremark’s annual meeting of shareholders in May was of special importance as it marked the official retirement of former chairman and CEO Tom Ryan, who left the growing company in the hands of a strong, capable new leader — Larry Merlo.


CVS Caremark’s annual meeting of shareholders in May was of special importance as it marked the official retirement of former chairman and CEO Tom Ryan, who left the growing company in the hands of a strong, capable new leader — Larry Merlo.


“I’m passing [the company over] to a great leader, one whom I respect and who knows this business. Larry will take this company to great heights,” Ryan told shareholders in May.


October 11, 2011
MinuteClinic passes 10 million visits

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.


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.


October 11, 2011
PBM postioned to ‘effectively compete’

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."


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.


October 11, 2011
Scorpiniti to take top spot at Katz Group

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.


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.


October 11, 2011
Trailblazer embarks on new chapter

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.


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.


October 11, 2011
Visionary Foulkes assumes new position

Helena Foulkes, one of the brightest, fastest-rising stars of the retail pharmacy industry for more than a decade, earlier this year assumed the newly created position of EVP and chief healthcare strategy and marketing officer.


Helena Foulkes, one of the brightest, fastest-rising stars of the retail pharmacy industry for more than a decade, earlier this year assumed the newly created position of EVP and chief healthcare strategy and marketing officer.


October 11, 2011
Walgreens adds former CIGNA CMO and specialty pharmacy vet to team

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

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.

October 5, 2011
NACDS' Edith Rosato to join Academy of Managed Care Pharmacy as CEO

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.

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.

October 4, 2011
MinuteClinic opens two clinics in Savannah region

MinuteClinic continues to expand its reach by opening two walk-in medical clinics inside CVS/pharmacy stores in the Savannah, Ga., market.

WOONSOCKET, R.I. — MinuteClinic continues to expand its reach by opening two walk-in medical clinics inside CVS/pharmacy stores in the Savannah, Ga., market.

The clinics, located in Savannah and Richmond Hill, are the first retail medical clinics to open in the region and join 31 other MinuteClinic locations in Georgia situated throughout the Atlanta metropolitan area.

The openings are part of MinuteClinic's goal to open 100 walk-in clinics nationwide this year.

October 3, 2011
CVS Caremark tips hat to pharmacists, pharmacy techs during month of October

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

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.

September 29, 2011
CVS Caremark, Dovetail Health partner to develop hospital readmission prevention program

To curb avoidable hospital readmissions among seniors, CVS Caremark has teamed up with a provider of transitional care services to help these patients better manage and understand their medication regimens.

WOONSOCKET, R.I., and NEEDHAM, Mass. — To curb avoidable hospital readmissions among seniors, CVS Caremark has teamed up with a provider of transitional care services to help these patients better manage and understand their medication regimens.

September 28, 2011
CVS/pharmacy celebrates grand opening of its new DC in Chemung, N.Y.

CVS/pharmacy held a grand opening event on Tuesday at its distribution center in Chemung, N.Y., which attracted federal, state and local officials to celebrate the occasion.

WOONSOCKET, R.I. — CVS/pharmacy held a grand opening event on Tuesday at its distribution center in Chemung, N.Y., which attracted federal, state and local officials to celebrate the occasion.

U.S. Senator Charles Schumer, U.S. Representative Thomas Reed, Lieutenant Governor Robert Duffy, New York State Senator Thomas O'Mara and New York State Assemblyman Christopher Friend were among those in attendance.

September 27, 2011
AmerisourceBergen acquires TheraCom from CVS for $250 million

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.

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.

September 27, 2011
Mike Bloom resigns from CVS/pharmacy, assumes president, COO role at Family Dollar

Longtime CVS/pharmacy executive Mike Bloom has resigned from the company and will serve as president and COO of Family Dollar Stores.

NEW YORK — Longtime CVS/pharmacy executive Mike Bloom has resigned from the company and will serve as president and COO of Family Dollar Stores.

“Mike Bloom, EVP of merchandising and supply chain, has resigned from the company. We thank him for his many contributions to the success of our retail business over the past 19 years and wish him luck in his future endeavors,” stated Carolyn Castel, VP of corporate communications at CVS Caremark, in a statement sent to Drug Store News.

September 26, 2011
CVS study: Standards vary among diabetes social media sites

As consumers and patients increasingly use social media as a healthcare tool and resource, a survey by Harvard University, Brigham and Women's Hospital, and CVS Caremark researchers found a need to improve site guidelines, as there is great variability in the standards used to ensure a site effectively provides information and answers to important health-related questions.

WOONSOCKET, R.I. — As consumers and patients increasingly use social media as a healthcare tool and resource, a survey by Harvard University, Brigham and Women's Hospital, and CVS Caremark researchers found a need to improve site guidelines, as there is great variability in the standards used to ensure a site effectively provides information and answers to important health-related questions.

September 19, 2011
CVS Caremark achieves $1 million mark in donations to support Children's Hospital Boston

CVS Caremark announced it has raised $1 million for Children's Hospital Boston to help children with disabilities.

WOONSOCKET, R.I. — CVS Caremark announced it has raised $1 million for Children's Hospital Boston to help children with disabilities.

The company said that donations, derived through the CVS Caremark Charitable Trust and the CVS Caremark All Kids Can Program, helped support the pediatric hospital's cerebral palsy program and center for communication enhancement.

September 13, 2011
CVS Caremark donating $6M in free flu shots to Direct Relief USA for uninsured patients

CVS Caremark has partnered with Direct Relief USA to offer up to $6 million in free flu shots to community clinic and health center patients who are uninsured, the company announced on Tuesday.

WOONSOCKET, R.I. — CVS Caremark has partnered with Direct Relief USA to offer up to $6 million in free flu shots to community clinic and health center patients who are uninsured, the company announced on Tuesday.

More than 400 participating clinics and health centers across the country will identify uninsured individuals from their existing patient populations and provide them with a free flu shot voucher, which is redeemable at more than 7,200 CVS/pharmacy locations and the nearly 600 MinuteClinics inside select CVS/pharmacy stores.

September 1, 2011
CVS Caremark Charitable Trust, CVS/pharmacy support Irene relief efforts

The CVS Caremark Charitable Trust is helping to support the relief efforts for communities along the East Coast impacted by Hurricane Irene by donating $75,000 to the American Red Cross and distributing supplies to local residents.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, the private foundation managed by CVS Caremark, is helping to support the relief efforts for communities along the East Coast impacted by Hurricane Irene by donating $75,000 to the American Red Cross and distributing thousands of dollars worth of supplies to local residents.

September 1, 2011
CVS/pharmacy raises $4.3M for ALS research in 10th annual fundraising campaign

Country music star Ty Herndon and former NFL player Kevin Turner joined amyotrophic lateral sclerosis patients Thursday evening at Fenway Park to celebrate the success of CVS/pharmacy’s annual in-store fundraising campaign to support the fight against ALS.

WOONSOCKET, R.I. — Country music star Ty Herndon and former NFL player Kevin Turner will join amyotrophic lateral sclerosis patients Thursday evening at Fenway Park to celebrate the success of CVS/pharmacy’s annual in-store fundraising campaign to support the fight against ALS.

The $4.3 million generated by this year's campaign brings the total amount raised by CVS/pharmacy colleagues and customers for ALS research to more than $27 million.

September 1, 2011
MinuteClinic opens first of eight clinics along South Carolina coast

CVS Caremark’s in-store health clinic business MinuteClinic has opened a new clinic inside the CVS/pharmacy store in downtown Charleston, S.C. — marking the first clinic to open in the Charleston metro area and MinuteClinic's 17th location in South Carolina.

WOONSOCKET, R.I. — CVS Caremark’s in-store health clinic business MinuteClinic has opened a new clinic inside the CVS/pharmacy store in downtown Charleston, S.C. — marking the first clinic to open in the Charleston metro area and MinuteClinic's 17th location in South Carolina.

MinuteClinic plans to open seven additional clinics along the South Carolina coast between now and early 2012. The new clinics will be located in the Charleston, Hilton Head and Myrtle Beach metropolitan areas.