WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Randy Falkenrath as SVP specialty pharmacy, with responsibility for the ongoing development of clinical programs and product management to support the company's specialty pharmacy business.
Falkenrath brings more than 26 years of experience in the health plan, pharmaceutical and medical device industries to his new position at CVS Caremark. Over the past nine months, Falkenrath worked within the company's specialty field operations group. Prior to joining CVS Caremark, Falkenrath was SVP specialty pharmacy and business development for UnitedHealthcare's commercial pharmacy benefit management business. Previously, Falkenrath was a partner in the life sciences consulting division of Computer Sciences Corporation and also held leadership positions at Baxter International and Searle Pharmaceuticals.
"Specialty pharmacy is an important growth area for CVS Caremark over the next few years, and Randy Falkenrath's in-depth experience and knowledge of the industry make him uniquely qualified to lead our specialty pharmacy business," stated Jon Roberts, EVP and COO for the CVS Caremark PBM business. "His expertise will enable us to continue to enhance our specialty pharmacy leadership and identify further opportunities for integration across the CVS Caremark enterprise so we can better help patients dealing with complex, debilitating diseases on their path to better health."