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11/07/2010
07/15/2009
Company Profile: CVS CAREMARK
CVS CAREMARK (CVS)
• Top 20 BIGGEST US FIRM
o surpasses Boeing, Target. Johnson & Johnson
• LARGEST single buyer & dispenser of prescription drugs in the US
2007 Acquisition: Longs Drug Stores
Price: $2.9 billion
Result: extended retail operations to untapped areas from Maine to Hawaii
• Stores: 7000 locations
• Customers - CVS Loyalty Card = 50 million users
- National Drug Chain with PBM
PLAN for 2009: Target those with chronic diseases and treat them in clinic to keep this target market out of the hospital (when the most medical costs are incurred)
Tom Ryan: “I don’t think our health-care system is broken, we are just spending too much and its unproductive.”
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- Of course he wants them there instead of the hospital, thus shifting the money to CVS instead of hospitals
- Caremark - Unit Operations – PBM (Pharmacy Benefit Management)
- handle large employer drug coverage/health plans.
- negotiate with drugmakers
- Prescription data – for more than a billion filled prescriptions a year a managed in such a way, to set firm up to figure out consumer behavior.
- Run automated mail-order facilities – fill rate much faster than other drugstores are able to
05/21/2009
“ This is disheartening - nola City of Sickness http://bit.ly/15uFyN
via @addthis „
via @addthis „
antsers
05/01/2009
Brain-Twitter project offers hope to paralyzed patients
02/20/2009
“ One third of all patients who begin a drug regimen never refill the prescription, either because they don’t feel sick, they forget, or they don’t want to spend the money. „
Business Week. February 23, 2009.
02/20/2009
“ Chronic illnesses (diabetes, heart disease, etc.) are a huge burden on the U.S. health system and resources. Diabetes costs the U.S. upwards of $170 billion annually. „
