CVS Health’s profits jumped more than 50% as elective procedures the drugstore giant’s Aetna health plan pays for were postponed or delayed amid the spread of the Coronavirus strain Covid-19. CVS Health chief executive officer Larry Merlo said the company’s diversified business portfolio that includes drug stores, retail clinics as [...]
Retail chains from CVS to 7-Eleven are being forced to decide whether and how to enforce rules on masks after a string of attacks on clerks and security guards by patrons who refused to cover their faces. As more cities, states and businesses require customers to cover up in stores, [...]
Work has changed for Daniel Reyes-Velarde, an employee at a CVS in Lakewood. Lines are longer than ever, leaving him little time to restock the shelves and label items. Hand-washing is mandated, timed, and sometimes overseen by a manager. Customers are panicked, and every conversation feels like an added risk. [...]
A union document says that the Schnuck Markets pharmacy in Kirkwood and other area specialty pharmacies will be among those closing when CVS purchases that part of the grocer's business. CVS said Tuesday it will acquire and operate 99 of the grocer's pharmacies and brand them as CVS Pharmacy locations, [...]
Walmart next month will open a "Walmart Health center" in its Dallas, Georgia, store, a company spokesperson confirmed to Retail Dive in an email. "Walmart is committed to making healthcare more affordable and accessible for customers in the communities we serve," the spokesperson said. "The new Walmart Health center in our [...]
Health care is moving closer to patients. Drugstores are expanding the care and support they offer, and telemedicine is bringing doctors and therapists to the family room couch as the system shifts to help people stay healthy and attract customers who want convenience. CVS Health offered the latest example on [...]
CVS is piloting an Amazon Prime-like membership program that aims to generate loyalty among shoppers. The program, called CarePass, offers members a suite of in-store and online perks including free delivery on most medications and purchases, access to a 24/7 pharmacist hotline and 20% off all CVS Health brand products. Customers [...]
The era of giant pharmacy managers that brokered prices between drug companies and insurers and employers has been upended, now that the $69 billion merger between CVS Health and Aetna, a big health insurer, has been approved by the Justice Department. The merger can go ahead as long as Aetna [...]
It's hard to tell whether CVS's notoriously long receipts are the butt of the joke or if CVS is in on it. But after speaking with several CVS employees, it's clear that for every detractor of the comically long receipts there are out there, there are far more fans. "People [...]
Health insurer Cigna Corp's $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co has passed U.S. antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say will lead to lower costs by better coordinating pharmacy and medical benefits. Wall Street analysts had [...]