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CVS Pharmacy is revamping the way it reimburses its pharmacies for prescription medications, which it says will bring more transparency and simplicity to its drug pricing system, the company ...
CVS Pharmacy is revamping the way it reimburses its pharmacies for prescription medications. The company says it'll launch CVS CostVantage next year.
Separately, shares of GoodRx, which offers discount coupons for prescription drugs, slumped nearly 10% as the new CVS program raised competitive concerns. CVS also said its PBM unit, Caremark ...
CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com.
CVS Pharmacy fills more than one of every five prescriptions in the United States, and 85% of U.S. population lives within 10 miles of a CVS Pharmacy. [44] The ExtraCare loyalty program boasts over 70 million cardholders, making it the largest retail loyalty program in the country. [45]
In January 2019, Walmart announced that it would no longer use CVS Caremark as its pharmacy benefit manager. [19] In January 2020, CVS Caremark announced RxZero, a program that would allow patients with diabetes to pay no copays. [20] In February 2020, Alan Lotvin was appointed president of CVS Caremark. [21]