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| April 14, 2016
In a collaboration with CVS Health and American Well, Cleveland Clinic providers will now be available for on-demand visits with CVS MinuteClinic customers in Ohio through a new telemedicine platform....
CVS Health | December 04, 2017
CVS Health and Aetna officially announced their acquisition plan after months of speculation. The $69 billion acquisition of Aetna by CVS Health will give the insurer access to CVS Health’s network of Minute Clinic and pharmacy locations and nursing professionals. The deal gives Aetna the ability to offer members care closer to patients homes in a wider variety of settings which could lower care delivery costs. In the company’s third-quarter earnings call with analysts earlier this y...
Healthcare Finance News | February 08, 2018
CVS Health will be increasing its investment in employee wages and benefits by $425 million annually through three major programs, citing "continued growth opportunities" for the company and its employees as the primary motivation. The changes are set to take place this year. The first program involves increasing the starting wage rate for hourly employees to $11 an hour, effective in April. As part of this change, the company also plans to adjust pay ranges and rates for many of its r...
Medcity news | August 17, 2018
One of the largest pharmacy benefit managers in the country plans to incorporate data from a non-profit organization focused on pharmaceutical cost-effectiveness into formulary decisions. CVS Health’s PBM division, CVS Caremark, said in a white paper last week that it was starting a program that allows clients to exclude any drug whose cost per quality-adjusted life year (QALY) exceeds $100,000, according to publicly available analyses from the Boston-based Institute for Clinical and Econo...
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