5 Surprising Facts About CVS Health
5 Surprising Facts About CVS Health
Read below to find out.
Read below to find out.
The company gave $84 million to philanthropic causes last year.
That sum includes in-store fundraising, employee giving, and corporate matching donations. CVS Health has also committed to building the first tobacco-free generation by 2020, a $50 million campaign to educate youth on the dangers of smoking and reduce the number of new teen smokers by 10%.
It was the first major retailer to return to New Orlean's Lower Ninth Ward after Hurricane Katrina.
CVS Health opened its new location in the Lower Ninth Ward in May, becoming the first major retailer to build in the neighborhood since Hurricane Katrina devastated the area in 2005. The company also donated $15,000 to local non-profit Baptist Community Health Services to support primary medical care for youth and adults in the area.
CVS Health has provided over 10 million counseling interventions to patients.
Through its Pharmacy Advisor program, CVS Health pharmacists are able to talk directly to patients and communicate with their doctors in real time. The goal: To make it easier for patients to stick with their prescriptions and close gaps in care to help reduce overall health care costs and improve patients' wellbeing.
Its pharmacy benefits management business accounts for more than half of CVS Health's $153.3 billion in sales.
While most shoppers are familiar with their corner CVS store, the company's retail locations account for less than half of all sales. The majority of CVS Health's revenues--58.2%--come from its pharmacy benefits management unit, which administers prescription drug programs for commercial health plans and self-insured employer plans.
CVS Health's stock has boomed this year, even compared to its biggest rivals.
Thanks to its diversified business approach, CVS Health's stock has performed better than its pure-play competitors: Walgreens Boots Alliance (pure retail) or Express Scripts (pure pharmacy benefits manager). CVS Health has been expanding its reach by integrating health care delivery both behind the scenes and at the point of sale, exemplified by recent deals with Target, Omnicare, and Coram.