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CVS is Purdue’s largest listed creditor

NEW YORK – Purdue Pharma LP told a bankruptcy court it owes almost $100 million to pharmacy-benefit managers, drug distributors and state health departments in...
Dr. Sree Chaguturu has been named chief medical officer for CVS Caremark. / COURTESY CVS HEALTH

Chaguturu named CMO for CVS Caremark

PROVIDENCE – Dr. Sree Chaguturu has been named chief medical officer for CVS Caremark, CVS Health Corp.’s pharmacy benefits management business, the company announced...
LARRY J. MERLO, CEO and president of CVS Health, saw his pay nearly double in 2018 over his 2017 total, even as the company posted a loss last year. / COURTESY CVS HEALTH

CVS’ Merlo earns $21.9M in 2018 as company absorbs Aetna

WOONSOCKET – CVS Health Corp. President and CEO Larry J. Merlo earned $21.9 million in 2018, nearly double what his total compensation was in...
WALMART WILL LEAVE CVS Health pharmacy network, following negotiations in which Walmart demanded higher reimbursements for its in-store pharmacies, according to CVS. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

Walmart to leave CVS Pharmacy network, roiling drugstore market

NEW YORK - Walmart Inc. will leave CVS Health Corp.’s pharmacy network that administers drug benefits for millions of Americans, in a dispute over costs...
CVS HEALTH CORP. announced the launch of a "guaranteed net cost pricing" structure for its pharmacy-benefit management services. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS to offer guaranteed net cost pricing for PBM services

WOONSOCKET – CVS Health Corp. announced Wednesday it is offering a new pharmacy-benefit management services pricing model that it said will simplify financial arrangements...

Tufts Health Plan will pay high-deductible plan drug rebates upfront

WATERTOWN, Mass. — Tufts Health Plan will pass prescription rebates directly to fully insured commercial members on high-deductible Saver plans when they fill their...
CVS HEALTH has announced plans to improve early diagnosis of and in-home treatment of kidney failure, the latter of which is the subject of an upcoming clinical trial. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

CVS developing early intervention for kidney disease, new home dialysis machine

WOONSOCKET —  CVS Health Corp. plans to provide earlier intervention for people most at risk for kidney disease and will launch a clinical trial...
CVS CAREMARK, the pharmacy benefits manager segment of CVS Health Corp., has been accredited by the National Committee for Quality Assurance in utilization management.

CVS Caremark wins NCQA accreditation in utilization management

WOONSOCKET – CVS Caremark, the pharmacy benefits manager segment of CVS Health Corp., has been accredited by the National Committee for Quality Assurance in...
DERICA RICE, former chief financial officer of Eli Lilly, has been named president of pharmacy benefits managment company CVS Caremark and will begin in that role March 30. / COURTESY CVS HEALTH

CVS Health names Rice president of CVS Caremark

WOONSOCKET – CVS Health Corp. has announced Derica W. Rice, recently retired Eli Lilly chief financial officer, as the new president of CVS Caremark, the...
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