CVS Health Corporation (CVS Health), together with its subsidiaries, has more than 9,000 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 110 million plan members with expanding specialty pharmacy solutions and a dedicated senior pharmacy care business serving more than one million patients per year.
CVS Health, in 2022, is expecting to enhance the company’s health services in three categories, primary care, provider enablement and home health. CVS Health is planning to enhance its capabilities in these three areas on a continuing basis by leveraging its strong foundation including MinuteClinic and the company’s integrated offerings.
CVS Health also serves an estimated 35 million people through traditional, voluntary and consumer-directed health insurance products and related services, including expanding Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan (PDP).
CVS Health believes its innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. The company has four reportable segments: Health Care Benefits, Pharmacy Services, Retail/LTC and Corporate/Other.
The Health Care Benefits segment offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services. The Pharmacy Services segment provides a full range of PBM solutions as well as specialty pharmacy and infusion services, clinical services, disease management services, medical spend management and pharmacy and/or other administrative services for providers and federal 340B drug pricing program covered entities.
The Retail/LTC segment sells prescription drugs and a wide assortment of health and wellness products and general merchandise, provides health care services through its MinuteClinic walk-in medical clinics, provides medical diagnostic testing, administers vaccinations for illnesses such as influenza, COVID-19 and shingles and conducts long-term care pharmacy operations, which distribute prescription drugs and provide related pharmacy consulting and other ancillary services to long-term care facilities and other care settings.
CVS Health BusIntell Report provides a comprehensive look at one of the nation’s premier health care companies that seeks to improve access, lower costs and enhance health outcomes by engaging with consumers when, where and how they desire.
Table of Contents
- Background – pgs. 4-5
- Executives – pg. 6
- Strategy – pgs. 7-8
- Strengths – pg. 9
- Weaknesses – pg. 10
- Financial and Statistical Information – pgs. 11-13
- Products and Services
- Health Care Benefits Products and Services – pgs. 14-15
- Pharmacy Services – pgs. 16-19
- Retail/LTC Segment – pgs. 20-22
- Local Activities – pgs. 23-28
- Company Activities – pgs. 29-30