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July, 2015

PBM Focus: CVS Caremark

PAYER TRENDS AND PROFILES | RELEASED ON: 6/19/2015

Express Scripts, CVS Caremark, and Catamaran compete for new business across a diverse set of employer, health plan, and government customers. To compete, PBMs differentiate themselves based on customer targets, channel strategies, and technology solutions.

CVS Caremark

CVS Caremark remains the second-largest PBM after Express Scripts, managing 65 million lives in 2014.

CVS Caremark

What you should know about CVS Caremark

CVS Caremark’s ownership of retail, mail, specialty, infusion, clinic, and long-term care channels allows the company to offer a differentiated platform for unique member pharmacy programs and services. Headquartered in Rhode Island, CVS Caremark operates 7,775 CVS/pharmacy retail stores, 27 retail specialty pharmacy stores, 11 specialty mail pharmacies, and four mail service pharmacies throughout the United States.

Health Strategies Group’s recent research Pharmacy Benefit Managers: Profiles of Leading PBMs profiles each of the 11 leading PBMs, assessing strengths and weaknesses, mergers and acquisitions, corporate strategy, business mix, products and services (biopharmaceutical management, therapeutic area of focus, distribution, and technology), geographic reach, and healthcare industry relationships.

Key Questions This Research Answers

  • Who are the leading and emerging PBMs, and what are their enrollment trends?
  • What are the strengths and weaknesses of each organization?
  • Which new products and services are leading PBMs offering to drive change in the industry?

Download Research Agenda

 

Pharmaceutical and biotech managed markets executives and account management teams use Pharmacy Benefit Managers to:

  • Evaluate the opportunities and risks involved in working (or not working) with targeted PBMs
  • Determine the impact of managed markets trends that create new opportunities or challenges when working with PBMs and their customers
  • Identify PBM programs and initiatives that support brand strategies and those with negative impact on brands
  • Prioritize and allocate resources to proactively monitor or respond to emerging changes in the healthcare environment

 

Visit our Pharmacy Benefit Managers webpage to learn more about this research. 

 

Need another pharma fact?

What are the five current and emerging trends in the PBM channel?

In what three areas will current PBM contracting strategies impact biopharmaceutical companies?

What are the key strengths and weaknesses of the five leading PBMs?

What are the three ways PBMs promote their distribution channels? How do PBM channel strategies impact your brand?

Want access to more leading research? Click here to request more information.

Disclaimer

 

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