WOONSOCKET, R.I. — CVS Health is introducing a new approach to pricing pharmacy benefit management services. The new Guaranteed Net Cost pricing model simplifies the financial arrangements underlying PBM contracts and focuses on helping plan sponsors deliver savings through PBM cost management strategies such as formulary, utilization management and performance pharmacy networks. This new model
Woonsocket, R.I. – CVS Health on Wednesday announced that it completed its acquisition of Aetna establishing CVS Health as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” said CVS Health president and chief executive officer Larry Merlo.
NEW YORK — CVS Health, the Centers for Disease Control and Prevention (CDC), and Bayer Consumer Health + BrightGuard were the big winners at the Consumer Healthcare Products Association (CHPA) Educational Foundation gala held at the Plaza Hotel here earlier this month. The CHPA’s annual gala celebrates the foundation’s mission of happier, healthier lives through
WOONSOCKET, R.I. — According to published reports, CVS Health says it now expects to close its $69 billion acquisition of Aetna after the Thanksgiving holiday, after saying earlier this month that it anticipated the deal would close before the holiday. CVS says it has received approval from 26 of the 28 state departments of insurance and
CVS Health is clear that its primary mission is health care, an orientation that will only become more pronounced when its $77 billion acquisition of Aetna is finalized in the coming weeks. As the company continues to ramp up its already formidable array of capabilities in the field, there is a danger that some observers
WOONSOCKET, R.I. — Strong gains in the pharmacy retail business helped CVS Health beat analysts’ third quarter earnings and revenue expectations. The company also announced on Tuesday that it anticipates the $69 billion Aetna deal to close before Thanksgiving. Net revenues for the three months ended September 30 increased 2.4%, or $1.1 billion, to about
WASHINGTON — The Department of Justice (DOJ) this month gave preliminary approval for CVS Health’s acquisition of Aetna Corp., which both companies say will remake health care. The remaining hurdle to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans.
WOONSOCKET, R.I .— New research from CVS Health shows that state Medicaid programs that use a Managed Care Organization (MCO) and a contracted pharmacy benefit manager (PBM) to administer prescription drug coverage have significantly lower overall drug costs than those states that manage their own formulary. Further, researchers found that when states switched to managing
WASHINGTON — The Department of Justice gave preliminary approval Wednesday for CVS Health’s acquisition of Aetna Corp., which the two companies say will remake health care. The path to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans. Antitrust regulators
LOS ANGELES — CVS Health, by combining with Aetna Inc., will lead the broad change needed in American health care, CVS president and chief executive officer Larry Merlo said at a forum here. “What we propose is bold, disruptive and truly unique,” Merlo said last month at Town Hall Los Angeles. “It’s also achievable, with
WOONSOCKET, R.I. — CVS Health will issue a number of advisories to help customers and patients prepare as Hurricane Florence approaches the East Coast. “The health and safety of our customers, patients and colleagues are most important to us,” said Kevin Hourican, executive vice president, CVS Health and president, CVS Pharmacy. “In light of weather
KANSAS CITY, Mo. and WOONSOCKET, R.I. — CVS Health officially announced the opening of a new retail distribution center in Kansas City, Mo, located at 10711 North Congress Avenue in the Skyport Industrial Park. When fully operational, the new distribution center will add more than 360 new jobs to the Kansas City area, as well as an additional 70 to 100