Cvs news and trends

GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement
Legal // November 05, 2024

Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the...

Can Retail Pharmacies Survive the Digital Transformation of Healthcare?
Retail // October 22, 2024

In the connected economy, retail pharmacies like CVS, Walgreens, and Rite Aid face challenges to their traditional business models. As consumer preferences move toward digital solutions and telehealth services, these industry leaders are assessing their business strategies to remain viable. Strategic Shifts in Major Players...

CVS Replaces CEO With Caremark President David Joyner
Personnel // October 18, 2024

CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive, CVS announced Friday (Oct. 18). “The board believes this is the right time to make a change,...

Shop and Healthcare Pillars Surge Amid Strategic Shifts, but CE 100 Sees Slight Decline
Connected Economy // October 07, 2024

The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past few weeks. The continuation of a trend — where Chinese names had led advancing issues...

Interviews & Exclusives
Shop and Healthcare Pillars Surge Amid Strategic Shifts, but CE 100 Sees Slight Decline

October 07, 2024
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past few weeks. The continuation of a trend — where Chinese names had led advancing issues through the past several sessions — was not enough to […]

CVS Loyalty Chief Says Program Overhaul Driven by Consumer Desire to Keep It Simple

January 22, 2024
Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the...

Amazon’s Insulin Coupons Fuel Retail Ambitions for Patient-Centric, Accessible Care

August 16, 2023
Technological advancements and evolving consumer expectations are fueling a significant transformation in the healthcare space, with several retailers at the forefront of shaping new paradigms that prioritize convenience, affordability and...

Inventory Data a Weak Link in Omnichannel Retail, BOPIS Efforts

December 22, 2022
Despite all the growth of omnichannel retail, the inventory data needed to satisfy BOPIS demand is still behind. Among those pressures: Having the right inventory in place, and having the...

Quick Reads
GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement

November 05, 2024
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the report notes, negotiate the cost of prescription drugs between insurance […]

CVS Replaces CEO With Caremark President David Joyner

October 18, 2024
CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive,...

CVS Cuts 2,900 Corporate Jobs Amid Hedge Fund Pressure

September 30, 2024
CVS Health is reportedly meeting with a top investor on ways to enhance its business. The pharmacy/healthcare chain was set to meet Monday (Sept. 30) with hedge fund Glenview Capital...

CVS: Growing Digital Reach Contributes to Revenue Growth

August 07, 2024
CVS Health grew its revenues by 2.6% in the second quarter, crediting this year-over-year improvement in part to its growing number of digital customers, its offering of biosimilar prescriptions and...