Welcome to our dedicated page for CVS HEALTH CORPORATION news (Ticker: CVS), a resource for investors and traders seeking the latest updates and insights on CVS HEALTH CORPORATION stock.
CVS Health Corporation (NYSE: CVS) is an American healthcare conglomerate that encompasses CVS Pharmacy, a widespread retail pharmacy chain, CVS Caremark, a premier pharmacy benefits manager (PBM), and Aetna, a leading health insurance provider. With over 9,000 retail locations across the U.S., CVS Health offers a diverse range of healthcare services aimed at enhancing accessibility and affordability.
Operations and Services
CVS Health's core activities revolve around its retail pharmacy operations, which include prescription services and an array of health and wellness products. It processes approximately 2 billion adjusted claims annually through CVS Caremark, ensuring efficient PBM services. Aetna, serving about 26 million medical members, complements CVS with comprehensive health insurance plans.
Recent Developments
In recent news, CVS Health has achieved significant milestones:
- Financial Results: The company reported strong fourth-quarter and full-year financial results for 2023, reflecting its robust position in the healthcare market.
- Affordable Housing Initiatives: CVS Health has invested nearly $35 million in equity investments to develop affordable housing in Hawaii, addressing urgent community needs post-natural disasters.
- Medicaid Services: Aetna Better Health of Michigan, part of CVS Health, has been recommended to continue serving Medicaid and CHIP beneficiaries under Michigan’s new Comprehensive Health Care Program (CHCP).
Strategic Acquisitions
CVS Health's acquisition of Oak Street Health adds primary care services to its offering, fostering synergies across its business lines. This strategic move aligns with its mission to provide seamless healthcare solutions, emphasizing convenience and comprehensive care.
Community Impact
CVS Health is committed to enhancing community health through local presence and digital channels. Its investments in affordable housing and educational programs in Hawaii exemplify its dedication to addressing social determinants of health.
Upcoming Events
The company will hold a conference call on May 1st, 2024, to discuss the first-quarter financial results of 2024, offering insights into its ongoing strategies and performance.
With over 300,000 dedicated professionals, including 40,000+ healthcare providers, CVS Health continues to be a trusted partner in health, improving lives with every significant moment of care.
Aetna®, a CVS Health company, announced that 76% of its 2022 Medicare Advantage Prescription Drug (MAPD) members are enrolled in plans rated 4.5 stars or higher, significantly outperforming the industry average of 54%. Furthermore, 87% of members are in plans rated 4 stars or above, with two plans achieving the highest 5-star rating. The announcement reflects Aetna's commitment to quality care amid challenges posed by the COVID-19 pandemic, highlighting their focus on member accessibility and health management. Enrollment for Aetna's Medicare Advantage plans started on October 15, 2021.
CVS Health (NYSE: CVS) has announced the availability of the Moderna COVID-19 booster shot at select CVS Pharmacy locations starting October 22, 2021. This follows CDC authorization and guidance from the Advisory Committee on Immunization Practices (ACIP). Eligible populations include individuals aged 65 and older, those aged 50-64 with underlying health conditions, and others aged 18-49 at high risk. CVS has administered over 34 million COVID-19 vaccines to date and is prepared to expand vaccine eligibility to ages 5-11 upon CDC approval.
The Aetna Connected Plan with CVS Health is an innovative health care offering in the New York/New Jersey market, providing members with a more affordable way to access care. This plan combines the Aetna Open Access network with expanded services at CVS Pharmacy, featuring over 800 locations and 53 CVS HealthHUBs.
Mid-sized businesses can start quoting for the plan now, effective from December 2021. Key benefits include $0 copays at in-network clinics, 90-day prescription refills, and valuable support through Care Concierge services.
CVS Health has announced a quarterly dividend of $0.50 per share, approved by its board of directors. The dividend will be payable on November 1, 2021, to shareholders of record by October 22, 2021. This reflects the company's commitment to returning value to its shareholders.
CVS Health Corporation (NYSE: CVS) will host a conference call on November 3, 2021, at 8:00 a.m. (ET) to discuss its third-quarter 2021 financial results. An audio webcast will be available through the CVS Health Investor Relations website, providing access to interested parties. The webcast will be archived for a year. CVS Health is recognized for delivering comprehensive health solutions, with over 300,000 employees, including more than 40,000 physicians and healthcare professionals, enhancing community health access and affordability.
Aetna, a CVS Health company, announced its 2022 Medicare offerings, emphasizing expanded benefits aimed at improving member health and affordability. With nearly 9.8 million Medicare members, Aetna introduced more than 2.9 million beneficiaries to new Medicare Advantage plans, including $0 premium options available to 84% of eligible beneficiaries. The plans now cover 46 states and D.C., with access extended to additional counties, impacting 53.2 million individuals. Aetna also expanded benefits for Dual Eligible Special Needs Plans and designed specialized coverage for Veterans, addressing social determinants of health.
CVS Health (NYSE: CVS) announced the availability of the Pfizer-BioNTech COVID-19 booster shot starting September 24, 2021, following CDC approval. Eligible populations include individuals 65 and older, those 50-64 with specific medical conditions, and those 18-49 at high risk for severe COVID-19. CVS has administered over 34 million COVID-19 vaccines to date and continues to expand its vaccination efforts, preparing to offer additional booster shots as authorized. CVS encourages appointments for efficiency and accessibility.
CVS Health (NYSE: CVS) is hosting a national career event on September 24, 2021, aiming to recruit 25,000 clinical and retail positions. This initiative is in response to an expected increase in flu cases and ongoing COVID-19 vaccination and testing demand. Most roles include full-time and part-time licensed pharmacists, pharmacy technicians, and nurses. CVS has administered over 34 million COVID-19 vaccines and 32 million tests. The hiring process will be entirely virtual, promoting accessibility for applicants. CVS continues to invest in its workforce with competitive pay and benefits.
CVS Health (NYSE: CVS) announced that President and CEO Karen S. Lynch and Executive Vice President Alan Lotvin, M.D., will participate in a fireside chat at the 19th Annual Morgan Stanley Global Healthcare Conference on September 14, 2021, at approximately 8:45 am ET. This event highlights CVS Health's commitment to enhancing community health through its extensive services, including its teams of healthcare professionals. For more information, visit www.cvshealth.com.
CVS Health has opened its first MinuteClinic locations in Washington as part of its nationwide expansion strategy. The MinuteClinic offers affordable healthcare for patients aged 18 months and older, providing services such as diagnosis, treatment, and prescriptions for common illnesses. The new locations are integrated with CVS HealthHUB™, enhancing patient experience with a variety of clinical services. Virtual consultations are also available through the E-Clinic. Most major health insurances are accepted, with transparent pricing for cash or credit patients.
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