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CVS Launches Programs to Add Transparency to Prescription Pricing

Retail TouchPoints

CVS Health will launch a new model for pharmacy reimbursements designed to bring greater transparency and simplicity to the system. Simplified pricing will help consumers have confidence that their pharmacy benefit is providing them with the best possible price. CVS plans to implement the program in 2025. “We

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CVS Media Exchange Joins Pinterest’s Clean Room Initiative

Retail TouchPoints

CVS Media Exchange (CMX), the retail media network designed to help brands reach and serve CVS Pharmacy shoppers, is partnering with Pinterest and LiveRamp on a new data clean room initiative. As part of Pinterest’s clean room initiative, the ExtraCare data is pseudonymized and then enters the clean room environment.

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CVS Health Appoints First-Ever Chief Data, Digital and Technology Officer

Retail TouchPoints

CVS Health has appointed Tilak Mandadi as both EVP and a new role, Chief Data, Digital and Technology Officer. Prior to joining CVS Health, Mandadi was Chief Strategy, Innovation and Technology Officer of MGM Resorts International. Technology is a catalyst for value creation and growth at CVS Health,” said Karen S.

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CVS Continues Medtail Expansion with $8B Acquisition of Signify Health

Retail TouchPoints

CVS Health has emerged victorious in what was reportedly a heated bidding war for Signify Health. The pharmacy chain beat out other rumored bidders including Amazon and UnitedHealthcare to acquire the healthcare platform in a deal valued at approximately $8 billion. Lynch in a statement. ”

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CVS To Offer PayPal And Venmo Touch-Free Payments

Retail TouchPoints

Responding to an escalating demand for contactless payment options, CVS Pharmacy will offer PayPal and Venmo QR code technology, enabling customers to check out touch-free in all 8,200 stand-alone CVS Pharmacy locations in the U.S. The program is scheduled to roll out nationwide in Q4.

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Walgreens Boosts Primary Care Bonafides With Majority Stake in VillageMD

Retail TouchPoints

At the time, the retailer noted that the clinics would be staffed by more than 3,600 primary care providers recruited by VillageMD and also would integrate Walgreens pharmacists as part of the team. billion in January 2021 to let it focus on its core retail pharmacy and related offerings.

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CVS Names Aetna Veteran as New President and CEO

Retail TouchPoints

CVS Health has named Karen Lynch as its next President and CEO, effective Feb. Lynch is currently EVP of CVS Health and President of Aetna, where she has played a prominent role in the integration of Aetna and CVS. Lynch will be charged with maintaining momentum as the pharmacy retailer begins fiscal 2021.

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