CVS HEALTH CORPORATION - CVS STOCK NEWS

Aetna Medicaid, a CVS Health company, announced a $450,000 donation to four Texas community health partners aimed at enhancing healthcare for vulnerable populations. The funds will support initiatives such as digital literacy for seniors and mental health programs. Since 2021, Aetna Medicaid has donated over $600,000 statewide to improve access to quality healthcare for Medicaid members. The company serves over 140,000 enrollees across Texas, focusing on vulnerable populations and community empowerment.

CVS Health (NYSE: CVS) reiterates the significance of vaccinations, especially flu shots, in safeguarding public health. With flu shots available at CVS Pharmacy and MinuteClinic locations across the country, families can conveniently schedule multiple appointments digitally. A recent survey shows that 43% of Americans plan to get vaccinated at a retail pharmacy, with 65% intending to book appointments online. The CDC recommends early vaccination, ideally by October, to ensure protection against seasonal flu. CVS Health is committed to providing accessible healthcare services to enhance community health.

CVS Health has implemented time delay safe technology in all 106 CVS Pharmacy locations across Colorado, Utah, Montana, Idaho, and Wyoming to combat organized retail crime. This initiative aims to prevent pharmacy robberies and the diversion of controlled substances, including opioids. The technology has previously demonstrated significant success, achieving a 70% reduction in robberies in Indianapolis and a 50% decline nationwide. CVS remains committed to supporting law enforcement in fighting organized retail crime, ensuring the safety of its customers and employees.

Biofourmis, a leader in digital medicine, has raised an additional $320M in Series D funding, with Intel Capital joining the round. This funding aims to enhance their virtual care offerings and digital therapeutics. Notably, the company appointed Trevor Fetter and Sachin H. Jain to its Board, enhancing leadership with extensive healthcare experience. Biofourmis is positioned for growth amid a general downturn in digital health funding, indicating strong market validation and potential for innovative care solutions.

Aetna, a CVS Health company, is launching individual insurance plans in California's ACA exchange, aiming to expand healthcare access to more residents. This initiative, effective January 1, 2023, will provide affordable care through a network of primary care doctors and mental health providers, along with telehealth options. The plans include comprehensive services such as pediatric care, hospitalization, and mental health services, ensuring quality care and access to over 1,100 MinuteClinic locations nationwide.

CVS Health Corporation reported second-quarter results for the period ending June 30, 2022, with total revenues of $80.6 billion, an 11% increase year-over-year. GAAP diluted EPS rose to $2.23, while adjusted EPS slightly decreased to $2.40. Operating income achieved $4.6 billion, supported by a $225 million gain from the sale of PayFlex. Full-year guidance for 2022 includes a raised GAAP EPS range of $7.23 to $7.43 and cash flow from operations guidance of $12.5 to $13.5 billion. The company remains focused on expanding health services amidst economic challenges.

CVS Health will host a conference call for analysts and investors on August 3, 2022, at 8:00 a.m. ET to discuss its second quarter 2022 financial results. The call will be accessible via an audio webcast on the CVS Health Investor Relations website, where it will be archived for one year. CVS Health is a leading health solutions company dedicated to improving community health through its extensive services and workforce, including over 40,000 healthcare professionals.

The 2022 Health Care Insights Study by CVS Health reveals a shift in U.S. consumer attitudes towards healthcare post-COVID-19. Conducted with 1,000 consumers and 400 providers, the study indicates that over 81% of consumers value their provider's awareness of life satisfaction. A significant 83% emphasize integrated care coordination. Virtual visits have become crucial, with 92% of participants considering convenience key to provider selection. Trust in healthcare providers has strengthened, with 44% of consumers expressing greater appreciation than pre-pandemic.

CVS Health has appointed Tilak Mandadi as Executive Vice President and Chief Data, Digital and Technology Officer, effective July 25. He will oversee the company's digital strategy and aim to enhance consumer-focused experiences. Mandadi, previously with MGM Resorts International, brings extensive experience from Disney and American Express. CVS serves over 44 million unique digital customers and aims to integrate digital solutions to improve the health care experience. This move underscores CVS's commitment to utilizing technology for growth and customer engagement.