Aetna and Lyft to give schools access to essential rides for families

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HARTFORD, Conn. — Aetna, a CVS Health company (NYSE: CVS), today announced it will give $100,000 in essential rides for families in school districts around the country such as Chicago, Denver, Baltimore and Seattle, in collaboration with the National School Boards Association (NSBA) and Lyft to help families this school year.  

Aetna Senior Vice President of Public and Labor Erich Twachtman explained, “By teaming up with NSBA and Lyft, Aetna is demonstrating our commitment to addressing the social determinants of health (including access to transportation) during the COVID-19 pandemic and beyond. Specifically, this contribution will help public school students and their families prepare for whatever the new school year looks like during this extraordinary crisis.”

This collaboration is an expansion of LyftUp – Lyft’s comprehensive effort to expand transportation access to those who need it most. A significant challenge among these school district families is securing transportation to complete essential trips. “By activating LyftUp, we’re able to help them get to grocery stores and food banks and access other essential services,” said Lisa Boyd, director of Social Impact at Lyft. 

NSBA has identified high risk communities in targeted locations across the country who will benefit from this program. Here’s how the program works:

  • Transportation challenged families in rural and disadvantaged areas will receive Lyft codes.
  • The Lyft codes are valued at $20 and $40.
  • The codes have a 60-day expiration date but can be used multiple times within the sixty days until the full dollar amount has been used.

Students in need and their families can access the ride-sharing resources at www.lyft.com/lyftup.

“NSBA is happy to collaborate with Aetna to provide much needed support to public school students and families who are struggling during this pandemic,” said Anna Maria Chávez, National School Boards Association Executive Director & CEO. “We value our relationship with Aetna and Lyft and look forward to collaborating on future initiatives that expand opportunities and increase equitable access for our nation’s school children.”

About Aetna 

Aetna, a CVS Health business, serves an estimated 38 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world. 

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CVS Pharmacy signs agreement to acquire, rebrand and operate Schnucks Pharmacies

CVS Pharmacy signs agreement to acquire, rebrand and operate Schnucks Pharmacies
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CVS Pharmacy to acquire 110 pharmacies in Midwest

WOONSOCKET, R.I. — CVS Pharmacy, Inc., a subsidiary of CVS Health Corporation (NYSE: CVS), and Schnucks announced today that they have entered into a definitive agreement for CVS Pharmacy and certain of its subsidiaries to acquire Schnuck Markets Inc.'s retail and specialty pharmacy businesses.

Through this agreement, CVS Pharmacy and its subsidiaries will acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy. Additionally, CVS Pharmacy and its subsidiaries will acquire the prescription files from 11 Schnucks pharmacies and transfer them to nearby CVS Pharmacy locations.

This strategic relationship brings together one of the leading grocers in the Midwest region with CVS Pharmacy's innovative pharmacy services and clinical expertise to enhance the overall health care experience and continue to provide a convenient option for Schnucks customers. The relationship also provides CVS Health with a capital-efficient way to expand into key areas.

"We have great admiration for Schnucks and believe CVS Pharmacy can bring additional clinical services to its customers. One of CVS Health's strategic imperatives is to Be Local. By opening CVS Pharmacy locations within Schnucks stores, we're increasing access to high quality care and meeting customers where they are. Schnucks is a best-in-class grocer and we're honored to partner with them to bring our best-in-class pharmacy capabilities to their customers," said Jon Roberts, executive vice president and chief operating officer, CVS Health.

In 2014, CVS Pharmacy became the first and only major retail pharmacy to remove tobacco from its shelves. Schnucks stores became tobacco free as of January 1, 2020. Schnucks' decision to exit tobacco further aligns the company with CVS Health.

"As Schnucks continues to expand our emphasis on health and wellness, this collaboration with CVS is an opportunity for us to align with a company that has a similar focus," said Todd Schnuck, chairman and chief executive officer of Schnucks. "This partnership allows us to continue to provide quality pharmacy services to our customers in a manner they've come to expect, while supporting our mission to nourish people's lives. It also provides our pharmacy teammates an opportunity to further their careers with a premier retail pharmacy chain."

To provide continuity for Schnucks pharmacy customers, CVS Pharmacy will post all pharmacist and pharmacy technician positions, and will interview all Schnucks employees who apply. In-store changes will be rolled out over a period of several months after the completion of the transaction as CVS Pharmacy and Schnucks work to ensure the smoothest possible transition for all pharmacy patients.

Schnucks Specialty pharmacy patients will benefit from CVS Specialty's expertise in providing ongoing disease education, counseling and benefits verification, as well as coordination of care with multiple health care providers, comprehensive patient education and adherence management.

Following completion of the transaction, all Schnucks pharmacy customers will have access to CVS Pharmacy's leading pharmacy care programs, features of which include:

  • Opportunities for patients to manage their health with more ease and efficiency and gain access to programs that help them start and stay on their prescriptions while reducing overall health care costs. With the CVS Pharmacy app, patients can be notified when prescriptions are ready for pick-up and order refills digitally.

  • Simplification of medication management for patients with multiple prescriptions, through the utilization of the CVS Pharmacy ScriptPath Prescription Schedule, a tool that provides a complete picture of the patient's current CVS Pharmacy prescription information all in one place, including the name of each medication, when to take it, and how much medication to take in each dose.

The transaction is expected to be completed by end of the second quarter and is subject to customary closing conditions.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings from HealthHUB locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at http://www.cvshealth.com

About Schnucks

Founded in St. Louis in 1939, Schnuck Markets, Inc. is a third-generation, family-owned grocery and pharmacy retailer committed to nourishing people's lives. Schnucks operates 112 stores, serving customers in Missouri, Illinois, Indiana, Wisconsin, and Iowa, and employs 13,500 teammates. According to Forbes' 2019 rankings, Schnucks is the 155th largest privately-owned company in the United States and the 16th largest privately-owned grocer. Schnucks is committed to helping communities thrive and as a champion for reducing hunger, the company annually donates more than $16 million in food to pantries that help those in need. Follow Schnucks on Facebook at www.facebook.com/schnucks and LinkedIn at https://www.linkedin.com/company/schnuck-markets-inc-/.

Media Contact

Bill Durling
401-770-4029
William.durling@cvshealth.com

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Centene and CVS Health Announce Agreement for CVS Health to Acquire IlliniCare Health

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ST. LOUIS — Centene Corporation (NYSE: CNC) (“Centene”) and CVS Health (NYSE: CVS) announced today that, in connection with the previously announced merger agreement between Centene and WellCare Health Plans, Inc. (NYSE: WCG), Centene has entered into a definitive agreement under which CVS Health will acquire Centene’s Illinois health plan subsidiary, IlliniCare Health Plan, Inc. (“IlliniCare”). The transaction entails the sale of Centene’s Medicaid and Medicare Advantage lines of business in Illinois.

Centene will retain IlliniCare’s Medicare-Medicaid Alignment Initiative (“MMAI”) business and IlliniCare’s statewide YouthCare foster care contract, set to commence in February 2020. Centene’s Ambetter business in Illinois is not affected. The companies are committed to ensuring that there is a smooth transition for members.

“We are continuing to make progress towards completing our transaction with WellCare and the divestiture of our IlliniCare Health plan is the next step in that process,” said Michael F. Neidorff, Centene’s Chairman, President and Chief Executive Officer. “Our employees in Illinois have done an exceptional job serving our communities in the state. We are pleased to enter this agreement with CVS Health, under which these employees can continue helping members achieve better health outcomes while delivering benefits to providers. We will work closely with CVS Health to ensure a smooth transition of this business for members, employees and providers.”

“Expanding our Medicaid and Medicare Advantage presence in Illinois will allow us to serve more members with our proven holistic approach that addresses physical, behavioral and social determinants of care,” said Karen S. Lynch, Executive Vice President, CVS Health and President, Aetna. “We look forward to working with Centene on a seamless transition and developing a deeper relationship with the state and local providers.”

The closing of the transaction with CVS Health is subject to U.S. federal antitrust clearance, receipt of Illinois state regulatory approvals and other customary closing conditions, as well as the closing of the Centene – WellCare transaction.

As previously announced on March 27, 2019, Centene and WellCare agreed to combine in a transaction that will create a premier healthcare enterprise focused on government-sponsored healthcare programs and a leader in Medicaid, Medicare and the Health Insurance Marketplace. The combination has received approvals from insurance and health care departments from 26 states. Completion of the Centene – WellCare transaction remains subject to clearance under the Hart-Scott-Rodino Act, receipt of required state regulatory approvals and other customary closing conditions.

Centene and WellCare continue to expect that the Centene – WellCare transaction will be completed by the first half of 2020.

The financial terms of this transaction will not be disclosed and the impact to CVS Health earnings once closed is expected to be immaterial.

Additional information about the Centene – WellCare transaction can be found at centene-wellcare.com.

About Centene

Centene Corporation, a Fortune 100 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children’s Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long-Term Services and Supports (LTSS), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as “Part D”), dual eligible programs and programs with the U.S. Department of Defense. Centene also provides healthcare services to groups and individuals delivered through commercial health plans. Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, commercial programs, home-based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy and telehealth services.

Centene uses its investor relations website to publish important information about the company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene’s investor relations website, http://www.centene.com/investors.

About CVS Health

CVS Health is the nation’s premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has approximately 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 102 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year and expanding specialty pharmacy services. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company believes its innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact

CVS Health
Erin Shields Britt
401-770-9237
erin.britt@cvshealth.com

Cautionary Statement on Forward-Looking Statements of Centene

All statements, other than statements of current or historical fact, contained in this communication are forward-looking statements. Without limiting the foregoing, forward-looking statements often use words such as “believe,” “anticipate,” “plan,” “expect,” “estimate,” “intend,” “seek,” “target,” “goal,” “may,” “will,” “would,” “could,” “should,” “can,” “continue” and other similar words or expressions (and the negative thereof). In particular, these statements include, without limitation, statements about Centene’s future operating or financial performance, market opportunity, growth strategy, competition, expected activities in completed and future acquisitions, including statements about the impact of Centene’s proposed acquisition of WellCare Health Plans, Inc. (the “WellCare Transaction”), Centene’s recent acquisition (the “Fidelis Care Transaction”) of substantially all the assets of New York State Catholic Health Plan, Inc., d/b/a Fidelis Care New York (“Fidelis Care”), investments and the adequacy of Centene’s available cash resources.

These forward-looking statements reflect Centene’s current views with respect to future events and are based on numerous assumptions and assessments made by us in light of Centene’s experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors Centene believes appropriate. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause Centene’s or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions.

All forward-looking statements included in this filing are based on information available to us on the date of this communication. Except as may be otherwise required by law, Centene undertakes no obligation to update or revise the forward-looking statements included in this communication, whether as a result of new information, future events or otherwise, after the date of this filing. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to, the following: (i) the risk that regulatory or other approvals required for the WellCare Transaction may be delayed or not obtained or are obtained subject to conditions that are not anticipated that could require the exertion of management’s time and Centene’s resources or otherwise have an adverse effect on Centene; (ii) the possibility that certain conditions to the consummation of the WellCare Transaction will not be satisfied or completed on a timely basis and accordingly the WellCare Transaction may not be consummated on a timely basis or at all; (iii) uncertainty as to the expected financial performance of the combined company following completion of the WellCare Transaction; (iv) the possibility that the expected synergies and value creation from the WellCare Transaction will not be realized, or will not be realized within the expected time period; (v) the exertion of management’s time and Centene’s resources, and other expenses incurred and business changes required, in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for the WellCare Transaction; (vi) the risk that unexpected costs will be incurred in connection with the completion and/or integration of the WellCare Transaction or that the integration of WellCare will be more difficult or time consuming than expected; (vii) the risk that potential litigation in connection with the WellCare Transaction may affect the timing or occurrence of the WellCare Transaction or result in significant costs of defense, indemnification and liability; (viii) a downgrade of the credit rating of Centene’s indebtedness, which could give rise to an obligation to redeem existing indebtedness; (ix) unexpected costs, charges or expenses resulting from the WellCare Transaction; (x) the inability to retain key personnel; (xi) disruption from the announcement, pendency and/or completion of the WellCare Transaction, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships; and (xii) the risk that, following the WellCare Transaction, the combined company may not be able to effectively manage its expanded operations.

Additional factors that may cause actual results to differ materially from projections, estimates, or other forward-looking statements include, but are not limited to, the following: (i) Centene’s ability to accurately predict and effectively manage health benefits and other operating expenses and reserves; (ii) competition; (iii) membership and revenue declines or unexpected trends; (iv) changes in healthcare practices, new technologies, and advances in medicine; (v) increased healthcare costs, (vi) changes in economic, political or market conditions; (vii) changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act, collectively referred to as the Affordable Care Act (“ACA”), and any regulations enacted thereunder that may result from changing political conditions or judicial actions, including the ultimate outcome of the District Court decision in “Texas v. United States of America” regarding the constitutionality of the ACA; (viii) rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting Centene’s government businesses; (ix) Centene’s ability to adequately price products on federally facilitated and state-based Health Insurance Marketplaces; (x) tax matters; (xi) disasters or major epidemics; (xii) the outcome of legal and regulatory proceedings; (xiii) changes in expected contract start dates; (xiv) provider, state, federal and other contract changes and timing of regulatory approval of contracts; (xv) the expiration, suspension, or termination of Centene’s contracts with federal or state governments (including but not limited to Medicaid, Medicare, TRICARE or other customers); (xvi) the difficulty of predicting the timing or outcome of pending or future litigation or government investigations; (xvii) challenges to Centene’s contract awards; (xviii) cyber-attacks or other privacy or data security incidents; (xix) the possibility that the expected synergies and value creation from acquired businesses, including, without limitation, the Fidelis Care Transaction, will not be realized, or will not be realized within the expected time period; (xx) the exertion of management’s time and Centene’s resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions, including the Fidelis Care Transaction; (xxi) disruption caused by significant completed and pending acquisitions, including, among others, the Fidelis Care Transaction, making it more difficult to maintain business and operational relationships; (xxii) the risk that unexpected costs will be incurred in connection with the completion and/or integration of acquisition transactions, including, among others, the Fidelis Care Transaction; (xxiii) changes in expected closing dates, estimated purchase price and accretion for acquisitions; (xxiv) the risk that acquired businesses, including Fidelis Care, will not be integrated successfully; (xxv) the risk that, following the Fidelis Care Transaction, Centene may not be able to effectively manage its expanded operations; (xxvi) restrictions and limitations in connection with Centene’s indebtedness; (xxvii) Centene’s ability to maintain the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; (xxviii) availability of debt and equity financing, on terms that are favorable to us; (xxxix) inflation; and (xxx) foreign currency fluctuations.

This list of important factors is not intended to be exhaustive. We discuss certain of these matters more fully, as well as certain other factors that may affect Centene’s business operations, financial condition and results of operations, in Centene’s filings with the Securities and Exchange Commission (the “SEC”), including the registration statement on Form S-4 filed by Centene with the Securities and Exchange Commission on May 23, 2019 (the “Registration Statement”), and Centene’s Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, Centene cannot give assurances with respect to Centene’s future performance, including without limitation Centene’s ability to maintain adequate premium levels or Centene’s ability to control its future medical and selling, general and administrative costs.

Important Additional Information and Where to Find It

In connection with the WellCare Transaction, on May 23, 2019, Centene filed with the SEC the Registration Statement, which included a prospectus with respect to the shares of Centene’s common stock to be issued in the WellCare Transaction and a joint proxy statement for Centene’s and WellCare’s respective stockholders (the “Joint Proxy Statement”). The SEC declared the Registration Statement effective on May 23, 2019, and the Joint Proxy Statement was first mailed to stockholders of Centene and WellCare on or about May 24, 2019. Each of Centene and WellCare may file other documents regarding the WellCare Transaction with the SEC. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement or any other document that Centene or WellCare may send to their respective stockholders in connection with the WellCare Transaction. INVESTORS AND SECURITY HOLDERS OF CENTENE AND WELLCARE ARE URGED TO READ THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT CENTENE, WELLCARE, THE WELLCARE TRANSACTION AND RELATED MATTERS. Investors and security holders of Centene and WellCare are able to obtain free copies of the Registration Statement, the Joint Proxy Statement and other documents (including any amendments or supplements thereto) containing important information about Centene and WellCare through the website maintained by the SEC at www.sec.gov. Centene and WellCare make available free of charge at www.centene.com and ir.wellcare.com, respectively, copies of materials they file with, or furnish to, the SEC.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or an offer to buy or the solicitation of an offer to buy any securities, and there shall be no sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

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MinuteClinic Expands Video Visit Offering to Colorado, Illinois and New Jersey

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MinuteClinic Video Visits are available 24 hours a day, seven days a week through the CVS Pharmacy App and on-line

WOONSOCKET, R.I. — CVS Health (NYSE: CVS) today announced that MinuteClinic, the company’s retail medical clinic, has rolled out its video visit offering in the states of Colorado, Illinois and New Jersey. People in these states with minor illnesses, minor injuries and skin conditions can now seek care through MinuteClinic Video Visits, a telehealth offering. MinuteClinic Video Visits provide patients with access to care 24 hours a day, seven days a week from their mobile device or computer.

“We’re excited to now be able to offer MinuteClinic Video Visits in Colorado, Illinois and New Jersey as we continue to build our national practice for our virtual care offering,” said Sharon Vitti, President, MinuteClinic. “This new MinuteClinic service demonstrates our commitment to delivering high-quality care when and where our patients need it, at prices they can afford; providing people who live and work in these states with access to an innovative, on-demand health care option right from their cell phone or computer.” 

MinuteClinic Video Visits can be used to provide care for patients ages two years and older who are seeking treatment for a minor illness, minor injury, or a skin condition and are initiated through a computer or mobile device, including through the CVS Pharmacy app.  Patients who opt to seek care through a MinuteClinic Video Visit will experience the same high-quality, evidence-based care they receive at traditional MinuteClinic locations inside select CVS Pharmacy and Target stores.

When requesting a video visit, each patient will complete a health questionnaire and be matched to a board-certified health care provider licensed in their state.  Prior to the start of the video-enabled visit, the provider will review the completed questionnaire together with the patient’s medical history. During the MinuteClinic Video Visit, the provider will assess the patient’s condition and determine the appropriate course of treatment following evidence-based clinical care guidelines. For patients who require a prescription as part of their treatment plan, the provider will submit the prescription to the patient’s preferred pharmacy. If it is determined the patient should be seen in person for follow-up care or testing, the provider will recommend that the patient visit a health care provider in their community, such as their primary care provider or a nearby MinuteClinic location.

A MinuteClinic Video Visit costs $59, which is currently payable by credit, debit, FSA and HSA cards. Insurance coverage will be added to the experience in the coming months. The service, first introduced in August 2018, is now available in a total of 40 states - Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia and Wyoming  -- and Washington D.C.  Since MinuteClinic Video Visits launched in August 2018, thousands of Video Visits have been conducted, with more than third of them taking place outside of traditional clinic hours.

Information about initiating a MinuteClinic Video Visit is part of the clinic locator on the MinuteClinic web site for states where the service is available. A patient can also initiate a MinuteClinic Video Visit directly from the CVS Pharmacy app.

MinuteClinic Video Visits are made possible through our collaborative work with Teladoc (NYSE: TDOC), the global leader in virtual care, and by leveraging Teladoc’s technology platform.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has approximately 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 102 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year and expanding specialty pharmacy services. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company believes its innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contacts

Christine Cramer
CVS Health
401-770-3317
Christine.Cramer@cvshealth.com

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Diverse Supplier Spotlight: Planned Packaging of Illinois

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A photo of PPOIC President and CEO Jason Robertson with members of the CVS Health team.
PPOIC President and CEO Jason Robertson (center) with members of the CVS Health team.

Our Supplier Diversity program works to integrate products and services from small and diverse businesses into our procurement processes.

These partnerships help us ensure that our products and services evolve to meet the needs of our customers, while also contributing to the economic growth of communities across the country.

In 2018, our spending with small and diverse businesses — including 398 owned by women and 373 owned by minorities — totaled $2.2 billion.

One of those businesses is Planned Packaging of Illinois (PPOIC), a worldwide distributor of shipping and packing materials that has been working with CVS Caremark, our pharmacy benefit manager, since 2007 and has since gone on to expand its support to other parts of CVS Health. Here, President and CEO Jason Robertson shares what it’s been like to be part of our Supplier Diversity program.

What services and/or products do you provide to CVS Health?
PPOIC is a just-in-time supplier of various packaging and shipping supplies, including gel packs, zip lock bags, stretch film, tape and corrugated boxes. PPOIC manages the daily inventory of these items and ships to CVS locations on an as-need basis. We store the product close to the various CVS locations to assure prompt delivery.

How has the partnership with CVS Health been beneficial to your business and the communities you serve?
The partnership has been beneficial on multiple levels, primarily that working with a Fortune 10 company lets everyone know we’re a capable supplier.

In addition, our growth with CVS Health has allowed PPOIC to expand and open two additional locations in North Carolina and Tennessee. These locations have provided jobs to primarily lower income individuals and two-strike felons who otherwise wouldn’t have been able to find employment.

PPOIC is proud to say that our North Carolina and Tennessee locations have an awesome employee retention rate, and we have seen tremendous positive impact on those employees’ lives.

Has working with CVS Health changed the way you do business?
PPOIC has had to change our internal business operations to support CVS. In doing so, we’ve become more efficient at customer care, customer response, and overall customer service. As we continue to grow together, we look forward to becoming a better, stronger, more efficient company.

Any business highlights that you attribute to working with CVS Health?
Working with the CVS Health Supplier Diversity team, PPOIC has had the pleasure of accompanying CVS Health to the White House to meet President Barack Obama in 2014, receiving a Ruby Award in 2015, and, most recently, I served as a panelist at the 2019 Rainbow Push Wall Street Project Economic Summit to talk about my company’s work with CVS Health.

CVS Health has provided visibility, credibility and a platform to promote our business unlike any other. In short, CVS Health has truly been a partner in mentoring, supporting and promoting PPOIC.

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From California to Connecticut, Investing in Health at the Local Level

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In Davidson, North Carolina, chronically ill community members will have increased access to essential services. In West Chester, Pennsylvania, more of the local uninsured population will be able to participate in a non-opioid pain management program.

Those city’s free health clinics, along with nearly 130 others from California to Connecticut, will be better able to meet their community’s health needs thanks to nearly $3 million in grants from CVS Health and its Foundation to the National Association of Free & Charitable Clinics (NAFC) and their members.

The grants furthers Aetna and CVS Health’s commitment to building healthier communities by investing in health at the local level, as these clinics will help better manage chronic disease, provide more wraparound services to address the social determinants of health, support treatment and prevention of substance abuse, including opioids and tobacco, and more.

Ranging from $10,000 – 20,000 each, the grants will be distributed to Free & Charitable Clinics in California, Connecticut, Florida, Georgia, Illinois, Kentucky, Louisiana, North Carolina, Ohio, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia and Washington.

“Taking on these root causes of poor health will help us create lasting change towards health equity in America,” – Nicole Lamoureux, President & CEO of the NAFC.

The new funds bring the company and the CVS Health Foundation’s total contribution to NAFC to nearly $8 million since 2015.

Supporting Aetna and CVS Health’s combined goals of improving outcomes and lowering costs, more than 17,000 patients across the country had access to needed health care in 2018 as a result of last year’s NAFC grants funding. Two grantees alone saved their local hospitals $9.7 million by providing primary care to patients who would otherwise rely on the emergency room.

For more information on how the Free and Charitable Clinics will be utilizing their grants to improve community health, visit www.cvshealth.com/NAFC.

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The Healing Power of Art

The Healing Power of Art
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A flower mural on the side of a CVS Pharmacy.
“Urbs in Horto” features Chicago’s city flower, the chrysanthemum, on the side of a CVS Pharmacy in the Lakeview neighborhood.
People standing in front of a flower mural.
Detroit mural artist Ouizi (center) dedicates “Urbs in Horto,” which translates to “City in a Garden” and takes its name from the City of Chicago’s official motto.

A new mural is on display and was recently dedicated on Mother’s Day to Chicago’s Lakeview neighborhood, thanks in part to CVS Health. The mural featuring beautiful flowers in bloom was created by Detroit artist Louise “Ouizi” Jones, and is painted on the exterior of a CVS Pharmacy on the 3600 block of North Southport Avenue.

“CVS Health is so delighted to have been a part of this project, and our involvement is an example of the ways that we are working to build healthier communities,” said Joe Haas, region manager at the CVS Pharmacy where the mural is located.

The mural is part of an effort to unveil 15 new public works of art across the Lakeview neighborhood of Chicago, fostering among its residents a stronger sense of pride, ownership and investment in their community.

“As a leading health care company, we like to say that health starts in the community,” added Haas. “And health is determined in part by the quality of our neighborhoods and the nature of our social interactions and relationships. This beautiful mural is a way to inspire, uplift and unite the Lakeview community, and contribute to its social health and vibrancy.”

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CVS Health Offering Free Wellness Screenings in 11 Markets Across U.S

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Annual Project Health events at CVS Pharmacy locations help address access, affordability and quality care in underserved communities

Project Health has delivered more than $122 million worth of free health services since 2006

WOONSOCKET, Sept. 4, 2018 -- In its continuing commitment to improve access to affordable health care for all Americans, CVS Health [NYSE: CVS] is kicking off its annual Project Health campaign at select CVS Pharmacy locations in 11 communities across the country this Thursday, September 6, with free health and wellness screenings. A total of 528 Project Health events will take place locally over the next four months in multicultural communities with a large number of uninsured or underinsured Americans.

Project Health offers an array of free comprehensive health assessment screenings, including blood pressure, Body Mass Index (BMI), glucose and total cholesterol screenings, which can help detect risk for chronic conditions like diabetes, hypertension, and heart disease.

“Project Health is part of CVS Health's commitment to improving access to quality care by identifying health concerns and risk factors for participants who may not have otherwise sought preventative care," said Troyen A. Brennan, M.D., M.P.H., Chief Medical Officer, CVS Health. “Chronic conditions, which can often be life-threatening, can be treated very effectively when identified early at screenings such as Project Health, and can help to improve a patient’s health and well-being.”

Today, one in two Americans has at least one chronic illness with 85 percent of our health care dollars spent each year caring for patients with these diseases. According to a national survey by Morning Consult on behalf of CVS Health, 60 percent of respondents view costs as a barrier to being as healthy as they would like to be. “Preventative screenings also help to reduce costs for both the patient and the overall health care delivery system,” added Brennan.

Project Health events, which will be held on Thursday – Sunday in rotating stores across Atlanta, Boston/Rhode Island, Chicago, Dallas/Fort Worth, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, and Washington, D.C. from September 6 through December 16, are open to everyone and do not require an appointment.

Once screened, patients have access to on-site consultations with bilingual nurse practitioners or physician assistants who will analyze results and refer patients who require additional medical care and follow up to no-cost or low-cost medical facilities nearby or to their primary care physician.

Since it was established in 2006, Project Health has delivered more than $122 million in free health care services to more than 930,000 people across the country. For a full calendar of Project Health events, visit www.cvs.com/projecthealth (in Spanish: www.cvs.com/proyectosalud).

To view and download Project Health multimedia assets, including executive sound bites, photos and broll, visit: https://www.multivu.com/players/English/8389951-cvs-health-free-wellness-screenings/.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact

Mary Gattuso
Mary.Gattuso@CVSHealth.com
401-770-9811

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CVS Health, Sheriff Tom Dart Announce Joint Effort to Raise Consumer Awareness about Safe Medication Disposal in Cook County, Ill.

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Sheriff Dart, CVS Pharmacy leaders urge consumers to safely dispose of unwanted medications, especially on National Prescription Drug Take-Back Day, this Saturday 10/27

WOONSOCKET, R.I., Oct. 25, 2018 /PRNewswire/ -- CVS Health (NYSE: CVS) and Cook County Sheriff Thomas J. Dart today announced a joint effort to raise consumer awareness about the importance of safe medication disposal.

Approximately 150 CVS Pharmacy locations in Cook County will now provide patients with information about the Sheriff's Prescription Drug Take Back Program on packaging that accompanies the prescription. The information will help patients find their nearest safe disposal location.

Sheriff Dart joined CVS Pharmacy District Leader Pooja Patel, Pharm.D., at a CVS Pharmacy in Oak Park, Ill. today to highlight the importance of safe disposal in protecting the environment and preventing drug abuse and accidental poisoning. The announcement came in advance of Saturday's National Prescription Drug Take Back Day, sponsored by the U.S. Drug Enforcement Administration.

"CVS Health is dedicated to helping address and prevent prescription drug abuse and misuse, which is why we have worked to increase access to and awareness of safe medication disposal options in the communities we serve," said Tom Davis, R.Ph., Vice President of Professional Services for CVS Pharmacy. "Unused medications, especially opioids, should not be left in medicine cabinets where they could be at risk of misuse or diversion. We are proud to partner with Sheriff Dart to raise awareness of safe disposal and we look forward to adding to our collection totals this weekend on Take-Back Day."

"This partnership will help ensure more prescription drugs are safely disposed and not available for abuse," said Sheriff Dart. "In the midst of the unrelenting opioid crisis, this is an important step that can help ensure potentially dangerous prescriptions do not end up in the wrong hands."

The Sheriff's Prescription Drug Take Back Program began in 2012 and currently collects nearly 2,000 pounds of unused pharmaceuticals per month via 80 sites throughout the county. Additionally, CVS Health has installed year-round safe medication disposal units in 45 CVS Pharmacy locations and 33 local police departments in Illinois to further increase community access to safe and convenient locations to properly dispose of unwanted medications. Together, these units have already collected more than seven metric tons, or 15,600 pounds, of unwanted medication.

According to the 2016 National Survey on Drug Use and Health, 6.2 million Americans misused controlled prescriptions and often obtained them from family and friends. In-home medicine cabinets are often the source of diverted prescriptions, making it critical for patients to properly dispose of unused prescriptions in a timely manner.

Consumers can access the Sheriff's Prescription Drug Take Back Program to find a safe, convenient disposal location by visiting www.cookcountysheriff.org or calling 1-844-688-7379. Additionally, sites in Cook County and across the country can be found by using the U.S. Drug Enforcement Administration's (DEA) Collection Site Locator.

In addition to assisting with safe medication disposal, CVS Health is also working to combat opioid abuse by increasing access to the opioid overdose drug naloxone. CVS Pharmacy locations in 48 states, including Illinois, have standing orders, or similar protocols, which allow patients to obtain this medication without an individual prescription. CVS Health has also focused on opioid abuse prevention through the company's Pharmacists Teach program. This program connects CVS pharmacists to local schools to talk with students and parents about the dangers of abusing prescription drugs, using a curriculum CVS Health developed with the Partnership for Drug-Free Kids. Nearly 7,000 students and parents in Illinois have participated in the program.

As a Pharmacy Benefit Manager (PBM), CVS Health offers programs to help its clients reduce opioid utilization for members when clinically appropriate. CVS Health also provides enhanced retail pharmacist-led patient counseling on safe prescription opioid use. These programs align with the Centers for Disease Control and Prevention (CDC) Guideline for Prescribing Opioids for Chronic Pain.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:

Erin Shields Britt
(401) 770-9237
Erin.Britt@CVSHealth.com

Cook County Sheriff Press Office
(312) 603-4242
ccso.communications@cookcountyil.gov

SOURCE CVS Health

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CVS Health to Donate $100,000 to The 100 Club of Chicago in Support of the 38th Annual Valor Awards

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Company's gift recognizes role of first responders in the health and safety of our communities

WOONSOCKET, R.I., March 21, 2018 /PRNewswire/ -- CVS Health (NYSE: CVS) today announced that it will award $100,000 to The 100 Club of Chicago, a non-profit organization that provides financial support for the families of first responders who have lost their lives in the line of duty. In addition to helping advance the organization's mission, the gift from CVS Health will support the Valor Awards, a prestigious honor presented by The 100 Club of Chicago each year to the men and women who have performed actions above and beyond the call of duty. It is the only civilian award that is permitted to be worn on the uniform in every municipality within Cook and Lake Counties.

"The 100 Club is so excited to begin this partnership with CVS Health," said CEO of the 100 Club of Chicago, Joe Ahern. "Support like this helps ensure that we are able to provide for our families when tragedy strikes. We are beyond grateful for their support of our first responders."

"As a longstanding board member of the 100 Club of Chicago, I truly appreciate the financial support and compassion that CVS Health is demonstrating toward the families of our fallen first responders," said Alderman Edward. M. Burke, Chairman of the Chicago City Council's Committee on Finance.

The company's donation will be presented during the 38th Annual Valor Awards on April 19 by Lisa Butler, a senior director of marketing at CVS Health whose nephews' father, Chicago Police Officer Larry Vincent, was killed in the line of duty in 1983 and whose family received support from The 100 Club.

"Through their dedication and courage, first responders give so much to all of us and are indispensable to maintaining the health and safety of our communities," said Butler. "This contribution to The 100 Club of Chicago is CVS Health's way of saying thank you for your service."

Since its founding in 1966, The 100 Club of Chicago has given out more than $10 million to families of fallen police and firefighters.

As one of the country's leading health care companies, CVS Health supports communities throughout the United States in a variety of ways, including investments through the CVS Health Foundation, gifts in-kind, and employee volunteerism. Through these investments, CVS Health contributed more than $1.1 million in 2017 and 13,000 volunteer hours to support community needs across Illinois, including grants to the PCC Community Wellness Center, the University Foundation at Chicago State, and University of Illinois Foundation.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

About The 100 Club of Chicago

Founded in 1966, the 100 Club of Chicago is an Illinois not-for-profit (501)(c)(3) charitable organization that provides for the families of first responders who have lost their lives in the line-of-duty. The Club helps families ease the financial burden associated with the tragic event, including immediate financial assistance and the ongoing cost of higher education. All sworn federal, state, county and local first responders stationed in Cook and Lake Counties are included. To donate, join as a member or learn more about the 100 Club of Chicago, please visit: www.100clubchicago.org.

Media Contacts:

Chelsea Barras, 100 Club of Chicago
cbarras@100clubchicago.org
(317) 363-3394

Joseph Goode, CVS Health
Joseph.Goode@CVSHealth.com
401-770-9820

SOURCE CVS Health

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