Profile: CVS Health Corp (CVS.N)
20 Jan 2017
CVS Health Corporation, incorporated on August 22, 1996, together with its subsidiaries (CVS Health), is a pharmacy company. The Company operates through three business segments: Pharmacy Services, Retail/LTC and Corporate. The Company offers a range of products and services, such as advising patients on their medications at its CVS Pharmacy locations, introducing programs to help control costs for its clients at CVS Caremark, how care is delivered to its patients with conditions through CVS Specialty, pharmacy care for the senior community through Omnicare. The Pharmacy Services Segment provides a range of pharmacy benefit management (PBM) solutions. The Retail Pharmacy segment includes retail drugstores, online retail pharmacy Websites and its retail healthcare clinics.
The Pharmacy Services Segment operates under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS Pharmacy, CVS Specialty, Accordant, SilverScript, NovoLogix, Coram, Navarro Health Services and Advanced Care Scripts names. The Pharmacy Services Segment operates over 20 retail specialty pharmacy stores, over 10 specialty mail order pharmacies and approximately five mail order dispensing pharmacies, and over 80 branches for infusion and enteral services, including approximately 70 ambulatory infusion suites and six centers of excellence, located in approximately 40 states, Puerto Rico and the District of Columbia.
The Company's PBM services include plan design offerings and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, retail pharmacy network management services, prescription management systems, clinical services, disease management services and medical spend management. The Company's clients include employers, insurance companies, unions, government employee groups, health plans, Managed Medicaid plans, plans offered on the public and private exchanges, other sponsors of health benefit plans and individuals throughout the United States.
The Company operates approximately five mail order dispensing pharmacies in the United States. The Company's specialty pharmacy operations includes approximately 10 specialty mail order pharmacies located throughout the United States that are used for delivery of medications to individuals with chronic or genetic diseases and disorders. The Company maintains a national network of over 68,000 retail pharmacies consists of approximately 41,000 chain pharmacies (which includes CVS Pharmacy stores) and approximately 27,000 independent pharmacies, in the United States, Puerto Rico, District of Columbia, Guam and the Virgin Islands.
The Company's Retail/LTC Segment includes approximately 9,660 retail stores, online retail pharmacy Websites, CVS.com, Navarro.com and Onofre.com.br, over 30 onsite pharmacy stores, long-term care pharmacy operations and retail healthcare clinics. The Company's retail stores are located in approximately 50 states, the District of Columbia, Puerto Rico and Brazil operating primarily under the CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy and Drogaria Onofre names. The Company's retail pharmacist provide services, including flu vaccinations, face-to-face patient counseling with respect to adherence to drug therapies, closing gaps in care and recommending cost effective drug therapies.
The Company's front store categories include over the counter drugs, beauty products and cosmetics, personal care products, convenience foods, photo finishing services, seasonal merchandise and greeting cards. The Company's long-term care (LTC) operations include distribution of pharmaceuticals and related consulting and ancillary services. Its Omnicare's LTC operations include the distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings. The Company's Onsite Pharmacies operate small pharmacies located at client sites under the CarePlus, CarePlus CVS Pharmacy or CVS Pharmacy name, which provide health plan members and customers with a convenient alternative for filling their prescriptions.
The Company's Corporate segment provides management and administrative services to support the overall operations of the Company. The Corporate Segment consists of certain aspects of its executive management, corporate relations, legal, compliance, human resources, corporate information technology and finance departments.
The Company competes with Express Scripts, OptumRx, Catamaran, Prime Therapeutics, MedImpact, Humana, Walgreens, Rite Aid and Wal-Mart.
CVS Health Corp
1 Cvs Dr
WOONSOCKET RI 02895-6146