What it’s best to know:

– CVS Well being right now hosted its 2023 Investor Day, the place the corporate outlined its technique for driving dependable, diversified and accelerating earnings progress whereas delivering superior care and worth to hundreds of thousands of Individuals.

– The corporate emphasised its dedication to leverage its distinctive mixture of property to strengthen its pharmacy and medical health insurance companies, increase its built-in healthcare choices and obtain sustainable monetary efficiency.

Introducing CVS CostVantage: a brand new mannequin for retail pharmacy reimbursement

In an essential step, CVS Pharmacy has introduced CVS CostVantage, a brand new reimbursement mannequin that goals to carry extra transparency and ease to the pharmacy reimbursement system. This modern method will result in a clear formulation for drug prices and reimbursement, shifting away from the standard, complicated and opaque pricing construction.

CVS Caremark TrueCost: Bettering transparency in prescription drug pricing

Constructing on the success of its Selection Formulary program, CVS Caremark is introducing CVS Caremark TrueCost, a brand new mannequin that gives clients with costs that replicate the true internet price of pharmaceuticals, together with perception into administrative prices. This elevated transparency will enable shoppers to make knowledgeable choices about their prescription drug purchases.

Introducing CVS Healthspire: a unified model for healthcare companies

To focus on the built-in healthcare supply capabilities of the Well being Companies phase, CVS Well being is introducing CVS Healthspire as the brand new model title for this phase. This rebrand indicators the corporate's dedication to delivering seamless, linked healthcare experiences for sufferers throughout its CVS Pharmacy, Caremark, Cordavis, Oak Avenue Well being, Signify Well being and MinuteClinic manufacturers.