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CVS Caremark Launches Innovative Specialty Connect Program at all CVS/pharmacy Locations
Wednesday, May 28, 2014
WOONSOCKET, R.I., May 28, 2014 /PRNewswire/ -- CVS Caremark (NYSE: CVS) has reinvented the specialty patient experience with Specialty Connect, a specialty prescription services program. The program leverages CVS Caremark's unique retail and specialty pharmacy resources to offer patients unsurpassed choice and flexibility in how they access their specialty medications, while providing centralized expert clinical support.
Specialty medications treat complex conditions, including hepatitis C, multiple sclerosis, psoriasis, oncology and rheumatoid arthritis, and often require special handling, storage and administration. Historically, patients faced three key challenges when filling a new prescription for a specialty medication: submitting the prescription, having easy access to centralized expert clinical and benefits support, and navigating the logistics involved in receiving the drug. For example, as many as one quarter of patients who tried to fill a specialty prescription at a traditional retail pharmacy faced barriers. These complications often resulted in delayed or abandoned treatment and added to the confusion that patients already face when managing a new or chronic condition.
Specialty Connect simplifies getting started on therapy and helps patients stay on therapy to support improved health outcomes. Patients have a new option to bring their specialty prescriptions to any CVS/pharmacy location, as a complement to existing specialty pharmacy processes. After initiating their prescriptions, patients receive insurance guidance and dedicated clinical support by phone from a team of specialty pharmacy experts, trained in each therapeutic area, who are available 24 hours a day, 365 days a year. The program also makes it easy for patients to get their specialty drugs, whether they choose between in-store pickup at any of the 7,600 CVS/pharmacy stores nationwide or receive their medications via mail service delivery.
In compliance with state laws in-store pickup will not be available in WV & AR.
"Specialty Connect helps specialty patients with these critical therapies by helping to eliminate common challenges they had often faced and by offering them flexibility and choice," said Alan Lotvin, M.D., Executive Vice President of Specialty Pharmacy for CVS Caremark. "The program makes it easier and more convenient for patients to submit and receive their specialty prescriptions either through CVS/pharmacy or by mail. What's more, it increases medication adherence, improves outcomes and lowers overall health care costs for specialty patients and payors."
Specialty Connect has demonstrated high levels of patient satisfaction as well as improved adherence for specialty pharmacy patients. In fact, pilot program results demonstrated a 13 percentage point increase (from 66 to 79 percent) in patients who were optimally adherent to their medication. Early program results also show that the program is improving upon the patient experience and reducing traditional barriers to getting started on medication, with 97 percent of patients successfully starting on therapy after only their first interaction at a CVS/pharmacy store. In addition, more than half of patients, many of whom were existing mail service pharmacy customers, chose to pick up their specialty medications at CVS/pharmacy.
CVS Caremark was awarded the 2014 Rx Benefit Innovation Award by the Pharmacy Benefit Management Institute (PBMI) for the Specialty Connect program.
About CVS Caremark
CVS Caremark is dedicated to helping people on their path to better health as the largest integrated pharmacy company in the United States. Through the company's more than 7,600 CVS/pharmacy stores; its leading pharmacy benefit manager serving more than 64 million plan members; and its retail health clinic system, the largest in the nation with more than 800 MinuteClinic locations, it is a market leader in mail order, retail and specialty pharmacy, retail clinics, and Medicare Part D Prescription Drug Plans. As a pharmacy innovation company with an unmatched breadth of capabilities, CVS Caremark continually strives to improve health and lower costs by developing new approaches such as its unique Pharmacy Advisor program that helps people with chronic diseases such as diabetes obtain and stay on their medications. Find more information about how CVS Caremark is reinventing pharmacy for better health at info.cvscaremark.com.
(401) 770 3317
SOURCE CVS Caremark