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.
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.
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.
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.
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.
A coalition of associations representing supplement manufacturers on Tuesday expressed their support of the Designer Anabolic Steroid Control Act of 2014 by Sens. Sheldon Whitehouse, D-R.I., and Orrin Hatch, R-Utah.
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.
Forging ahead on its longer-term goal of creating a national platform to support primary care, CVS Caremark plans to open up at least 150 new MinuteClinic locations this year and is now testing telehealth at more than two-dozen sites.
CVS Caremark will participate in the American Heart Association's National Wear Red Day on Feb. 7, by encouraging colleagues at 7,600 CVS/pharmacy locations nationwide to wear red and create awareness of the battle against heart disease in women.
In support of the health and well-being of its patients and customers, CVS Caremark announced on Wednesday that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the United States by Oct. 1, making CVS/pharmacy the first national pharmacy chain to take this step.
A proposed state health department regulation that would require children up to ages 5 years and older to get an annual flu immunization and would keep those with medical exemptions out of school or day care during flu outbreaks has received opposition from the Rhode Island chapter of the American Civil Liberties Union, according to the Associated Press.
The National Institutes of Health have awarded a University of Rhode Island pharmacy professor a $1.3 million grant to further study a new class of inorganic nanoparticles that target primary cancer and help control the disease’s spread and recurrence.
Mobile. It is changing the way in which customers manage their drug store needs whether it be filling a prescription, accessing health resources or buying products, and CVS/pharmacy is aiming to take the lead in today’s digital space with a slew of innovative offerings that are yielding some significant results.
CVS/pharmacy announced on Thursday the kickoff of its annual Project Health wellness campaign, which will deliver more than $15 million worth of free health services to multicultural communities across the United States in 2014.