CVS Health Market Research Report
Company Overview
Name and Mission
- Company Name: CVS Health
- Mission: Building a world of health around every individual. CVS Health seeks to deliver superior and more connected experiences, lower the cost of care, and improve the health and well-being of those they serve.
Foundation and Key People
- Founded By: No information is available
- Key People:
- Karen S. Lynch: President and Chief Executive Officer
- Heidi Capozzi: Executive Vice President and Chief People Officer
- Sree Chaguturu, MD: Executive Vice President and Chief Medical Officer
- Thomas F. Cowhey: Executive Vice President and Chief Financial Officer
- David Joyner: Executive Vice President and President, CVS Caremark
- Sam Khichi: Executive Vice President, Chief Policy Officer and General Counsel
- Tilak Mandadi: Executive Vice President, Ventures and Chief Digital, Data, Analytics and Technology Officer
- Larry McGrath: Executive Vice President, Chief Strategy Officer and Chief Strategic Advisor to the CEO
- Michelle Peluso: Executive Vice President and Chief Customer and Experience Officer
- Mike Pykosz: Executive Vice President and President of Health Care Delivery
- Prem Shah: Executive Vice President and Chief Pharmacy Officer, President, Pharmacy and Consumer Wellness
Headquarters and Employees
- Headquartered: Woonsocket, Rhode Island, USA
- Number of Employees: Over 300,000
Revenue
- Revenue: No specific revenue information is available
What the Company is Known For
- CVS Health is known for its expansive reach and integration of health services, health insurance, and pharmacy services, providing quality, affordable health care to over 100 million people.
Products
Product Offerings
- Pharmacy Services:
- Retail Pharmacy: Traditional pharmacy services with local and mail order options.
- Specialty Pharmacy: Services for chronic or complex conditions.
- Prescription Benefits Management: Managed through CVS Caremark®.
- Health Plans:
- Aetna Health Insurance: Provides commercial health coverage, Medicaid plans, Medicare plans, and more.
- Dental and Vision Plans: Coverage through various Aetna entities.
- Health and Wellness Services:
- Services through MinuteClinic® and other health facilities, offering primary care, immunizations, condition management, mental health services, etc.
Key Features
- Accessibility: Offers both in-person and virtual options, with home visits in some cases.
- Personalized Care: Emphasis on a seamless, personalized health care experience.
- Mental Health Support: Part of the comprehensive health services stack.
Recent Developments
Recent Developments
- Medicare Plans: Aetna 2025 Medicare plans have been announced with 88% of members in 4-star plans or higher.
- Disaster Preparedness: CVS Health actively supports customers as hurricanes approach, providing emergency supply refills and assistance during natural disasters.
New Products and Features
- Opill Launch: FDA-approved daily birth control available without a prescription.
- Period Products Initiative: CVS Health adopts tax and price reductions on period products to promote equity.
Partnerships
- Oak Street Health: Focus on providing tailored care for older adults, enhancing accessibility in underserved neighborhoods.
Other Initiatives
- Women’s Health Campaign: Focused efforts on providing mental and physical well-being support, with services tailored to women’s needs.
This comprehensive market research report provides an insight into CVS Health’s strategy, leadership, and service offerings as a leading health care solutions provider in the United States.
