CVS Health Corporation To Hold Fourth Quarter 2019 Earnings Conference Call

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WOONSOCKET, R.I. CVS Health Corporation ("CVS Health" or the "Company") (NYSE: CVS) will hold a conference call with analysts and investors on Wednesday, February 12, 2020, at 8:00 a.m. (ET) to discuss its financial results for the fourth quarter of 2019.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties. To access the webcast, visit http://investors.cvshealth.com. This webcast will be archived and available on the website for a one-year period following the conference call.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has approximately 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 102 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year and expanding specialty pharmacy services. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company believes its innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

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CVS Health Announces Upcoming Changes to Board of Directors

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Board Will Transition from 16 to 13 Directors

WOONSOCKET, R.I. — CVS Health (NYSE: CVS) today announced upcoming changes to its Board of Directors (the "Board"). Richard "Dick" Swift, Richard Bracken and Mark Bertolini will not stand for reelection at the company's 2020 Annual Meeting. The Board will then be reduced from 16 to 13 directors in order to further align with corporate governance best practices.

Mr. Swift, the former Chairman of the Board, President and Chief Executive Officer of Foster Wheeler Ltd., will be retiring from the Board after having reached the mandatory retirement age. He has served as a director of CVS Health since September 2006.

Mr. Bracken, the former Chairman and Chief Executive Officer of HCA Inc. and HCA Holdings, Inc., will be leaving the Board and retiring from board service after a 45 year career in health care to spend more time on personal interests. He has served as a director since January 2015.

Mr. Bertolini, the former Chairman and Chief Executive Officer of Aetna Inc., became a director upon the November 2018 closing of CVS Health's acquisition of Aetna. Following the successful integration of the Aetna business, Mr. Bertolini will not continue as a member of the Board after the Annual Meeting.

David W. Dorman, Chair of the Board, stated, "We want to thank each of these highly accomplished individuals for their service to the company and wish them all the best in the future. We particularly want to thank Dick and Richard for the tremendous leadership and expertise each brought to the Board during their many years of service, including Dick's role as Chair of the Audit Committee and Richard's role as Chair of the Medical Affairs Committee. The Board would also like to thank Mark for his contribution to the successful integration of Aetna."

Dorman continued, "CVS Health is successfully executing against its strategy of becoming the world's most consumer-centric health care company. As the organization continues to evolve, the remaining directors of the Board and I have the utmost confidence in the strength of the current management team, the progress the company has shown to date and ability of CVS Health to deliver value to all stakeholders moving forward."

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has approximately 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 102 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year and expanding specialty pharmacy services. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company believes its innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of CVS Health Corporation. By their nature, all forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by the forward-looking statements for a number of reasons as described in our Securities and Exchange Commission ("SEC") filings, including those set forth in the Risk Factors section and under the section entitled "Cautionary Statement Concerning Forward-Looking Statements" in our most recently filed Annual Report on Form 10-K and in our most recently filed Quarterly Report on Form 10-Q.

Investor Contact

Valerie Haertel
CVS Health
401-770-4050
Valerie.Haertel@CVSHealth.com

Media Contact

T.J. Crawford
CVS Health
212-457-0583
CrawfordT2@aetna.com

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CVS Health Appoints Sree Chaguturu, M.D., Chief Medical Officer of CVS Caremark

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CVS Health has named Sree Chaguturu, M.D., as Chief Medical Officer for CVS Caremark, our pharmacy benefits management business (PBM) for the company. He will report to Troyen A. Brennan, M.D., M.P.H., Executive Vice President and Chief Medical Officer of CVS Health. Dr. Chaguturu will support the PBM and specialty pharmacy areas with a focus on enhancing the quality of services provided to millions of its members and patients, while also contributing to the overall mission of CVS Health.

Dr. Chaguturu will be joining CVS Health in early September from Partners HealthCare, where he was previously Chief Population Health Officer, and a member of the leadership team focused on ensuring the company met its mission of improving quality and reducing costs for the populations it serves. He was responsible for the oversight and implementation of Partners HealthCare’s Accountable Care Organization, which manages the health of more than a half-million patients. Earlier in his career, Dr. Chaguturu was a health care consultant at McKinsey Hospital Institute.

Dr. Chaguturu is a practicing internal medicine physician at Massachusetts General Hospital and a clinical instructor at Harvard Medical School. He received his internal medicine and primary care training at Massachusetts General Hospital and earned his undergraduate and medical degrees from Brown University.

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CVS Health To Host 2019 Investor Day For The Investment Community

CVS Health To Host 2019 Investor Day For The Investment Community
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WOONSOCKET, R.I. — CVS Health Corporation (NYSE: CVS) will hold its Investor Day in New York City on Tuesday, June 4, 2019, beginning at 8:00 a.m. (ET). Senior members of the CVS Health leadership team will provide an in-depth review of the company's strategies to drive long-term growth and enhance shareholder value. The company will also discuss its near-term and long-term financial outlook.

An audio and video webcast of the event will be broadcast simultaneously on the Investor Relations portion of the CVS Health website for all interested parties, and will be archived and available for a one-year period. Presentations and accompanying material will also be available on the website shortly before the event begins. To access the webcast or an archive of the event, visit http://investors.cvshealth.com.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 92 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

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CVS Health Kicks Off Free Health Screenings in Sacramento as Part of Its Commitment to Building Healthier Communities

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32 Project Health events will help address access, affordability and quality care

Company also presented $75,000 grant to Sacramento Native American Health Center to expand opioid treatment options locally

SACRAMENTO, Calif., May 2, 2019 /PRNewswire/ -- As part of a continuing commitment to building healthier communities, CVS Health (NYSE: CVS) celebrated today the expansion of its annual Project Health free health screening campaign to Sacramento with a fun-filled community event at CVS Pharmacy, 1587 W El Camino Avenue, in Sacramento. Today's event is one of 32 free health screenings that will take place in the Sacramento area between now and June 30.

The event also included the presentation of a $75,000 grant from the CVS Health Foundation to the Sacramento Native American Health Center to help expand opioid treatment options locally. The funds will be used to help engage more patients with internal treatment options like medication-assisted treatment, cognitive behavioral therapy (CBT), trauma-focused CBT and integrative or holistic therapies, which have shown to provide greater success in abstinence from substances.

"CVS Health is committed to expanding access to quality and affordable care, both through our retail footprint and with national and local non-profits and organizations who share our belief that better health starts at the community level," said Garth Graham, vice president of Community Health and Impact, CVS Health. "We are thrilled to be here today in Sacramento celebrating the expansion of Project Health, and look forward to providing local residents with free health screenings over the next two months, as part of our commitment to building healthier communities."

Project Health events, which will be held on Thursday Sunday in rotating stores across Sacramento through June, are open to everyone and do not require an appointment. Project Health offers an array of free comprehensive health assessment screenings, including blood pressure, Body Mass Index (BMI), glucose and total cholesterol screenings, which can help detect risk for chronic conditions like diabetes, hypertension, and heart disease.

The expansion of Project Health will also do more to screen for social determinants of health that affect personal health and communities. About 60 percent of life expectancy is driven by behavioral, social and environmental factors including family, education, housing, and access to fresh food. Project Health events have a proven track record of improving patient engagement and ultimately, healthier outcomes.

Once screened, patients have access to on-site consultations with bilingual nurse practitioners or physician assistants who will analyze results and refer patients who require additional medical care and follow up to no-cost or low-cost medical facilities nearby or to their primary care physician.

Sacramento is one of five cities in California where a total of 256 Project Health screenings will take place this year through December. Events are occurring year-round in Los Angeles, and took place earlier this year in Fresno and San Francisco. Project Health will begin in the San Diego area in July.

Since it was established in 2006, Project Health has delivered more than $127 million in free health care services to nearly 1.7 million people in multicultural communities with a large number of uninsured or underinsured Americans.

For a full calendar of Project Health events in Sacramento, visit www.cvs.com/projecthealth (in Spanish: www.cvs.com/proyectosalud).

About CVS Health


CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 92 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including a rapidly expanding Medicare Advantage offering. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact

Mary Gattuso
Mary.Gattuso@cvshealth.com
401-290-8078

SOURCE CVS Health

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CVS Health Encourages Americans to Remove Expired, Unwanted or Unused Medications From Their Homes on National Prescription Drug Take-Back Day on April 27

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Company supports nearly 2,000 community and CVS Pharmacy locations that provide convenient disposal options for medicine cabinet cleanout all year long

Safe medication disposal part of the company's focus on opioid misuse prevention

WOONSOCKET, R.I., April 24, 2019 /PRNewswire/ -- As part of its commitment to helping build healthier communities, CVS Health (NYSE: CVS) is reminding Americans to clean out their medicine cabinets and safely dispose of unused medication on National Prescription Drug Take-Back Day, this Saturday, April 27.

According to the National Survey on Drug Use and Health, in-home medicine cabinets are often a source of diverted medications, and CVS Pharmacy recommends that patients dispose unused medicines promptly, safely, and securely.

On April 27, select CVS Pharmacy locations in 27 states will join other community sites around the country to host law enforcement take-back events, providing opportunities to safely dispose of unwanted medication. National Prescription Drug Take-Back Day is hosted biannually by the U.S. Drug Enforcement Administration (DEA) to help dispose of unused medications and reduce opportunities for their misuse.

To help make year-round disposal options more accessible, CVS Pharmacy has installed safe medication disposal units in more than 1,000 CVS Pharmacy locations across the country and has donated 950 additional units to community locations such as police departments. Together, these units have collected more than 324 metric tons, or 715,000 pounds, of unwanted medication that might otherwise have been diverted, misused or ended up in our water supplies.

CVS Pharmacy plans to roll-out additional safe medication disposal units across the country by the end of 2019, as part of a commitment announced at the end of last year to help provide more disposal options in our communities. The company is also partnering with Google Maps to make it easier for consumers to find year-round medication disposal options.

"When patients leave unused medications, especially opioids, in a medicine cabinet, there is a risk that those medications might be misused or diverted, which is why we have worked to help increase access to and awareness of safe medication disposal options in the communities we serve," said Tom Davis, R.Ph., Vice President of Professional Services for CVS Pharmacy. "Providing options for the proper disposal of unused medications is just one of the ways that CVS Health is working to help combat opioid misuse, as part of our commitment to helping build healthier communities across the country."

CVS Health's innovative community education program, Pharmacists Teach, connects CVS pharmacists to local communities to talk with students and parents about the dangers of misusing prescription drugs, using a curriculum developed with the Partnership for Drug-Free Kids. The company has reached nearly 475,000 students and parents nationwide through the program.

The company has also increased access to the opioid overdose drug, naloxone, in 48 states and Washington D.C., to allow patients to obtain the medication without an individual prescription. Following the Surgeon General's Advisory on Naloxone and Opioid Overdose in April 2018, CVS Pharmacy expanded its efforts to educate patients about naloxone. Today, all CVS Pharmacy locations have in-store signage to inform patients about the availability and accessibility of the potentially life-saving drug.

CVS Caremark also helps its pharmacy benefit management clients reduce opioid utilization through coverage limits aligned with Centers for Disease Control and Prevention (CDC) Guideline for Prescribing Opioids for Chronic Pain. To-date, for clients adopting this utilization management criteria, the number of prescriptions covered for more than a 7-day supply decreased by 71.9%. Among those clients, the number of prescriptions covered for a 7-day supply or less is now 94.3%. CVS Pharmacy also provides patient counseling consistent with the CDC Guideline for patients new to opioid therapy.

Aetna, a CVS Health business unit, is also making progress in its five-year plan to help fight opioid addiction through prevention, intervention and patient support programming. In the first year of its strategy, Aetna has seen an approximately 60 percent increase in the rate of treatment with non-opioid interventions in members with chronic pain, and the rate of opioid prescriptions written for seven or more days after an acute procedure decreased about 50 percent among Aetna members.

"Our company can play an important role in helping ensure appropriate access to pain medications while educating patients on their safe use and disposal," added Davis. "We remain committed to prioritizing prevention and education among our patients and their families as part of our purpose of helping people on their path to better health."

Visit here for more information on CVS Health's opioid misuse prevention programs.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 92 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contacts:

Joe Goode, (401) 770-9820
Joseph.Goode@cvshealth.com

Mary Gattuso, (401) 770-9811
Mary.Gattuso@cvshealth.com

SOURCE CVS Health

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CVS Health Corporation To Hold First Quarter 2019 Conference Call

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WOONSOCKET, R.I., April 17, 2019 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) will be holding a conference call on Wednesday, May 1, 2019, at 8:30 a.m. (ET) with analysts and investors to discuss its first quarter financial results.

An audio webcast of the conference call will be broadcast simultaneously through the Investor Relations portion of the CVS Health website for all interested parties. To access the webcast, visit http://investors.cvshealth.com. This webcast will be archived and available on the website for a one-year period following the conference call.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 92 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including a rapidly expanding Medicare Advantage offering. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

SOURCE CVS Health Corporation

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CVS Health Launches 12th Annual CSR Report and Evolved Platform, "Better Health, Better Community, Better World"

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Evolved strategy emphasizes impact on community health and wellness following its acquisition of Aetna

WOONSOCKET, R.I., April 4, 2019 /PRNewswire/ -- CVS Health (NYSE: CVS) today unveiled its 12th annual corporate social responsibility (CSR) report featuring its evolved platform, Better Health, Better Community, Better World. The company's new social purpose business strategy is designed to be more inclusive of the company's commitment to addressing the complexities of today's health care system and the role it plays in addressing the most pressing public health challenges of the day, nationally and in our communities.

"2018 was a historic year for our company, as CVS Health combined with Aetna, giving us an opportunity to help fundamentally transform the way health care is delivered," said Larry J. Merlo, President and Chief Executive Officer for CVS Health. "Our new socially-responsible business strategy ensures we put our capabilities and resources to work in tangible ways that make a difference in our local communities and in people's lives."

The Better Health, Better Community, Better World platform aims to deploy the assets, scale and expertise of our business to focus on three priority areas:

  • Building Healthier Communities: Making community health and wellness central to CVS Health's charge for a better world.
  • Leading and Inspiring Growth: Creating economic opportunities and value for employees, customers, suppliers and investors.
  • Protecting Our Planet: Ensuring environmental sustainability is embedded in our approach to business operations and product development.

This year's report provides an update on CVS Health's enterprise commitment to tackling opioid misuse and abuse, including increasing the number of safe medication disposal sites by adding 750 units in CVS Pharmacy locations and expanding the Pharmacists Teach Prescription for Parents program to 26 new states.

The report also includes the company's annual Communication on Progress to the United Nations Global Compact (UNGC). CVS Health became the first U.S. pharmacy chain to join UNGC in 2018, confirming the company's commitment to implementing the Compact's ten principles with respect to human rights, labor, the environment and anti-corruption; engaging in partnerships to advance the broader goals of the United Nations; and taking actions in support of the Sustainable Development Goals.

In an effort to reduce the effect of climate change, CVS Health set new greenhouse gas (GHG) reduction targets in 2018 to reduce the absolute scope 1 and 2 GHG emissions by 36 percent by 2030, and to commit that 70 percent of its suppliers by emissions will set science-based emissions reduction targets on their scope 1 and 2 emissions by 2023. The company also developed a new CSR performance target for its fleet to reduce 2.5 million empty miles in the next five years.

"We believe our greatest opportunities ahead will be a result of our ability to meaningfully impact the health of local communities, bringing together the power of our business and strategic community investment," said Eileen Howard Boone, Senior Vice President, Corporate Social Responsibility and Philanthropy. "I am particularly proud to present this year's progress report because 2018 marks the biggest move we have ever made as a company in advancing our social business purpose as we welcomed Aetna to our enterprise."

Other notable accomplishments in 2018 include:

Building Healthier Communities

  • Delivered $5.3M in free health care services through Project Health
  • Provided more than $4 million in grants from the company and the CVS Health Foundation to support youth smoking and e-cigarette prevention, as part of its commitment to helping deliver the first tobacco-free generation
  • Introduced MinuteClinic Virtual Care to provide quality, convenient, and affordable care via a mobile app or desktop computer
  • Committed to transparency for all beauty imagery by the end of 2020, celebrating a more authentic representation of beauty

Leading and Inspiring Growth

  • Created opportunities for nearly 85,000 new colleagues through workforce development programs and other recruiting efforts
  • Provided opportunities for 2,800+ youth to participate in myCVS Journey Pathways to Health Care Careers
  • Hired 3,200+ colleagues through our U.S. Department of Labor Registered Apprenticeship program for pharmacy technicians
  • Drove a total economic impact of $5.8B and supported 38,000+ jobs through our diverse supplier program
  • Enhanced our Board of Directors to include deep insurance company oversight experience by adding four new directors from Aetna

Protecting Our Planet

  • Audited 500+ printers that produce packaging for our store brands portfolio to understand their sustainability capabilities
  • Removed oxybenzone and octinoxate from our store brand sun screens with SPF 50 and lower
  • Recognized among the top 3 percent of 5,000 companies as a CDP Supplier Engagement Leader
  • Retrofitted 1,740 retail locations with interior LED lighting, saving $7.5 million in annual energy costs

CVS Health's 2018 CSR Report was developed in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, a global framework widely used by organizations to report on CSR and sustainability performance. The company completed a materiality assessment in 2017 and focused its reporting on topics that reflect its most significant economic, environmental, and social impacts, or that substantively influence the assessments and decisions of stakeholders.

The report is available online at cvshealth.com/social-responsibility.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,900 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 92 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 38 million people through traditional, voluntary and consumer-directed health insurance products and related services, including rapidly expanding Medicare Advantage offerings. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:

Mary Gattuso
401-770-9811
Mary.Gattuso@CVSHealth.com

SOURCE CVS Health

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CVS Health Expanding Free Wellness Screenings in Houston

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Project Health events to be held now through April 28 in select CVS Pharmacy locations

Campaign has delivered $30 million worth of free health services to underserved communities in Texas locally since 2006

HOUSTON, April 2, 2019 /PRNewswire/ -- As part of its commitment to building healthier communities across the country, CVS Health (NYSE: CVS) today announced it is adding more free health and wellness screenings at select CVS Pharmacy locations across the greater Houston area through April 28, as part of its annual Project Health campaign.

CVS Health launched Project Health in the Houston suburb of Spring, Texas at the company's new HealthHUB location, a store concept which combines the best of today's CVS Pharmacy with the future of accessible, low-cost health services and more trusted advice.

"Better health starts at the community level, and Project Health delivers affordable and convenient access to free services that help identify health concerns and risk factors for our neighbors who may not have otherwise sought preventative care," said Troyen A. Brennan, M.D., M.P.H., Chief Medical Officer, CVS Health. "Chronic conditions, which can often be life-threatening, can be treated very effectively when identified early at screenings such as Project Health, and can help to improve a patient's overall health and well-being."

Project Health, which provides access to care in multicultural communities with a large number of uninsured or underinsured Americans, offers an array of free comprehensive health assessment screenings, including blood pressure, Body Mass Index (BMI), glucose and total cholesterol screenings, which can help detect risk for chronic conditions like diabetes, hypertension, and heart disease.

The expansion of Project Health will also do more to screen for social determinants of health that affect personal health and communities. About 60 percent of life expectancy is driven by behavioral, social and environmental factors including family, education, housing, and access to fresh food. Project Health events have a proven track record of improving patient engagement and ultimately, healthier outcomes.

Since it was founded in 2006, Project Health has delivered more than $127 million in free health care services to nearly 1.7 million Americans, with more than $27 million in support of Texas communities. More than 87 percent of patients who attend Project Health events report following-up with their primary care physician and were significantly more likely to proactively discuss their blood pressure, BMI and blood sugar levels, according to the company's own metrics. Additionally, 95 percent of participants said they would recommend Project Health to a family member or friend.

A total of 31 events will take place on Thursday Sunday in rotating stores across Houston through April 28, and are open to everyone and do not require an appointment. For a full calendar of events, please visit www.cvs.com/projecthealth.

"As a front door to health care, we are proud to offer Project Health in more CVS Pharmacy locations across Houston this spring," said Jeffrey Schmidt, Divisional Vice President, CVS Health. "The free health screenings are a simple way for people to access much-needed health services in their community, and are just one more way we are delivering on our company's purpose of helping people on their path to better health."

Once screened, patients have access to on-site consultations with bilingual nurse practitioners or physician assistants who will analyze results and refer patients who require additional medical care and follow up to no-cost or low-cost medical facilities nearby or to their primary care physician.

About CVS Health

CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it. The Company has more than 9,800 retail locations, approximately 1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 93 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 39 million people through traditional, voluntary and consumer-directed health insurance products and related services, including a rapidly expanding Medicare Advantage offering. This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contacts

Joe Goode
Joseph.Goode@CVSHealth.com
401-770-9820

Mary Gattuso
Mary.Gattuso@CVSHealth.com
401-770-9811

SOURCE CVS Health

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CVS Health Research Institute Study Shows that Medication Reconciliation Programs Can Reduce Hospital Readmissions

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WOONSOCKET, R.I., July 7, 2016 /PRNewswire/ -- A new study from the CVS Health Research Institute found that medication reconciliation programs, in which pharmacists review patients' medication  regimens and provide adherence counseling during the patient's transition from hospital to home, reduced risk of hospital readmission by 50 percent and helped avoid unnecessary health care costs. The research, published today in the July issue of Health Affairs, is the first to evaluate the impact of an insurer-supported medication reconciliation program on clinical outcomes and health care spending.

"After leaving the hospital people are especially vulnerable and are often dealing with complex and changing care regimens, which can result in high rates of medication non-adherence and increased risk for costly and unnecessary readmissions," said Troyen A. Brennan, M.D., executive vice president and Chief Medical Officer, CVS Health. "In fact, adverse drug events, often attributable to medication non-adherence, are associated with the majority of hospital readmissions. This research shows that programs that provide patients with additional support from a pharmacist can help improve health outcomes and save payers and patients money."

The study analyzed hospital readmissions of more than 260 members of a national health plan who were hospitalized over a five-month period. Researchers compared readmission rates for patients enrolled in a medication reconciliation program upon hospital discharge to a control group of members who received no additional support following their initial hospital stay. Those enrolled in the program received an initial in-home or telephonic consultation based on their readmission risk and were also offered ongoing telephonic support for the first 30 days following discharge. During the initial consultations, pharmacists compared members' pre- and post- hospitalization medication regimens; identified discrepancies, redundancies and safety concerns; and provided education and support regarding medication use and adherence. The researchers found that risk of hospital readmission at 30 days was reduced by 50 percent, reducing overall risk of hospital readmission from 22 percent to 11 percent for those in the medication reconciliation program. Additionally, the health plan saved $2 for every $1 spent on the program, resulting in a total savings of more than $1300 per member.

"The research found that the positive effects of the pharmacist consultation on reducing readmission rates and costs were similar whether the consultation was conducted via an in-home visit from a pharmacist or over the telephone when the intensity of the intervention was tailored to members' risk," added Dr. Brennan. "These results demonstrate that there is an opportunity for payers to consider adopting programs that provide pharmacist support and counseling by phone as a cost-efficient way to help improve medication adherence and health outcomes for their vulnerable populations."

An estimated one in seven patients discharged from a hospital is readmitted within 30 days, and readmissions are associated with more than $41 billion in additional health care costs per year. In addition, evidence suggests that approximately 66 percent of hospital readmissions are the result of adverse health events related to medication non-adherence. Historically, health insurers have had little control over direct efforts to reduce hospital readmission rates for their members. When available, these kinds of programs are largely run by hospitals and outpatient providers and their impact has not been broadly evaluated.

The CVS Health Research Institute is focused on contributing to the body of scientific knowledge related to pharmacy and health care through research collaborations with external academic institutions, participation in federally-funded research, analysis and sharing of CVS Health data sources and coordination of pilot programs and initiatives. CVS Health Research Institute findings support a continuous quality improvement environment, which encourages product innovation and development to benefit CVS Health patients, clients and their members.

About CVS Health

CVS Health (NYSE: CVS) is a pharmacy innovation company helping people on their path to better health. Through its more than 9,600 retail pharmacies, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with nearly 80 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contacts:

Christine Cramer
CVS Health
(401) 770-3317
christine.cramer@cvshealth.com

Christina Beckerman
CVS Health
(401) 770-8868
christina.beckerman@cvshealth.com

SOURCE CVS Health

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