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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.

 

August 28, 2012

CVS Caremark and the Centers for Medicare and Medicaid Services have teamed up to increase awareness of the new services available under the Patient Protection and Affordable Care Act. To announce the partnership and highlight new benefits and options for Medicare beneficiaries, U.S. Health and Human Services Secretary Kathleen Sebelius recently visited a CVS/pharmacy and MinuteClinic in Jacksonville, Fla.

WOONSOCKET, R.I. — CVS Caremark and the Centers for Medicare and Medicaid Services have teamed up to increase awareness of the new services available under the Patient Protection and Affordable Care Act. To announce the partnership and highlight new benefits and options for Medicare beneficiaries, U.S. Health and Human Services Secretary Kathleen Sebelius recently visited a CVS/pharmacy and MinuteClinic in Jacksonville, Fla.

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.

April 22, 2014

CVS Caremark’s MinuteClinic has surpassed 20 million patient visits since opening the nation's first store-based clinic in 2000, the company has announced.

WOONSOCKET, R.I. — CVS Caremark’s MinuteClinic has surpassed 20 million patient visits since opening the nation's first store-based clinic in 2000, the company has announced.

Significant continued growth is anticipated in the coming years with the demand for more accessible and affordable health care services as a result of the Affordable Care Act, the primary care provider shortage and an aging Baby Boomer population.

April 21, 2014

CVS/pharmacy announced on Monday that it is launching later this spring a new service, dubbed Bill Pay at CVS/pharmacy, to help customers manage their monthly health insurance premiums.

WOONSOCKET, R.I. — CVS/pharmacy announced on Monday that it is launching later this spring a new service, dubbed Bill Pay at CVS/pharmacy, to help customers manage their monthly health insurance premiums.

Members of participating health plans can bring their insurance bills to any one of CVS/pharmacy's 7,600 stores across the United States to pay their premiums at no additional cost. CVS/pharmacy is the first national retail pharmacy to offer this service.

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.

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 17, 2014

New York Attorney General Eric Schneiderman on Monday joined Ohio Attorney General Mike DeWine in leading an effort to persuade the largest pharmacy chains in the United States to stop selling tobacco products.

NEW YORK — New York Attorney General Eric Schneiderman on Monday joined Ohio Attorney General Mike DeWine in leading an effort to persuade the largest pharmacy chains in the United States to stop selling tobacco products. Along with Schneiderman and DeWine, the Attorneys General of 28 states and territories have written to the CEOs of WalMart, Walgreens, Rite Aid, Safeway and Kroger, asking them to remove all tobacco products from their shelves. 

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 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 18, 2014

Recent strategic business initiatives are granting wholesalers more generic drug purchasing power than ever before.

Recent strategic business initiatives are granting wholesalers more generic drug purchasing power than ever before.

Over the last few years, some major deals in the world of drug wholesaling have taken shape. While the business arrangements among the three top wholesalers differ slightly in terms of ownership, benefits and risks, one thing is for certain: all of the agreements will translate into growth opportunities for the companies involved and will help them improve their generic drug sourcing practices.

February 13, 2014

New research conducted by CVS Caremark and Brigham and Women's Hospital identifies five key features of Value-Based Insurance Design plans that are associated with the greatest impact on medication adherence.

WOONSOCKET, R.I. — New research conducted by CVS Caremark and Brigham and Women's Hospital identifies five key features of Value-Based Insurance Design plans that are associated with the greatest impact on medication adherence.

The study, which is published online Thursday in Health Affairs and also will appear in the journal's March issue, was funded by a grant from the Robert Wood Johnson Foundation's Changes in Health Care Financing and Organization Initiative.

February 11, 2014

CVS Caremark released on Tuesday fourth-quarter results, which came in at the high end of expectations and helped produce a record year, but as expected, among the key topics of discussion during the conference call with analysts was the company’s recent decision to stop selling tobacco products in all of its stores by Oct. 1.

WOONSOCKET, R.I. — CVS Caremark released on Tuesday fourth-quarter results, which came in at the high end of expectations and helped produce a record year, but as expected, among the key topics of discussion during the conference call with analysts was the company’s recent decision to stop selling tobacco products in all of its stores by Oct. 1.