Cvs Health Corp Stock Price, News & Analysis

Aetna Better Health of West Virginia, a CVS Health company, has allocated $6.1 million to 18 healthcare providers in West Virginia. This funding aims to enhance community-based waiver services for children with serious emotional disorders (CSED) and support their transition from residential facilities to home or community settings. The initiative supports over 500 children in state facilities, focusing on intensive behavioral health services. Aetna’s investment will facilitate hiring staff, training, and developing specialized programs to improve mental health outcomes for youth.

CVS Health has inaugurated its first MinuteClinic locations in northern Delaware on December 1, 2022, enhancing access to affordable health care. These clinics, located in Bear and Wilmington, cater to various acute and chronic conditions for patients aged 18 months and older. MinuteClinic is the first retail health provider accredited by The Joint Commission, maintaining high patient care standards since 2006. The clinics offer expanded hours, virtual care, and accept major health insurances, further supporting community health needs.

CVS Health is proactively preparing for Hurricane Nicole's impact on Florida, prioritizing health and safety for colleagues, customers, and members. Key measures include contacting patients for prescription refills and ensuring pharmacies have emergency supplies. CVS Caremark is offering emergency medication refills, while Aetna's clinical teams are enhancing member support. CVS is also advising patients on preparing for the storm, including following evacuation orders and securing medications. The company is committed to community support and disaster relief communication.

CVS Health (NYSE: CVS) announced that CFO Shawn Guertin will participate in a fireside chat at the 31^st Annual Credit Suisse Healthcare Conference on November 9, 2022, at 8:35 am PT. The event will be accessible via an audio webcast on the CVS Health Investor Relations site, where it will be archived for one year.

CVS Health reports Q3 2022 results, revealing total revenues of $81.2 billion, a 10% increase year-over-year. The company faced a GAAP loss of $(2.60) per share due to $5.2 billion in opioid litigation charges. Adjusted EPS stood at $2.09, with revised full-year GAAP EPS guidance now at $3.12 to $3.22. Increased revenues in Health Care Benefits and Pharmacy Services segments offset losses in Retail/LTC. The company also announced plans to acquire Signify Health for approximately $8 billion.

CVS Health (NYSE: CVS) has reached an agreement in principle to resolve opioid-related lawsuits and claims with states and tribes across the U.S. The company plans to pay approximately $5 billion over the next decade, with $4.9 billion allocated to states and local governments, and $130 million to tribes. This settlement will fully resolve claims dating back over ten years and is not an admission of liability. CVS continues to defend against unresolved litigation while reinforcing its commitment to combat opioid misuse through various community initiatives and investments.

CVS Health has published a report indicating that 61% of adults desire a broader range of health services from local pharmacies. Conducted in collaboration with Morning Consult, the survey reflects increased consumer trust in pharmacists, with 74% supporting their role in healthcare when primary care is unavailable. The report emphasizes the importance of empowering CVS's 30,000 pharmacists to enhance patient care, particularly in light of their critical involvement during the COVID-19 pandemic. The findings underscore a significant opportunity for CVS to innovate in service delivery and patient engagement.

CVS Health is launching the Aetna Connected Plan in the metro Atlanta area, combining Aetna Whole Health and CVS services to provide a more affordable healthcare option. The plan aims to enhance access to care through CVS Pharmacy and MinuteClinic locations, emphasizing convenience for mid-sized businesses, which could see up to 15% savings. This network includes various in-network providers, with features like $0 copays for certain services, 90-day prescription refills, and home delivery options. Available in select counties, this innovative model focuses on improving healthcare outcomes for members.

CVS Health will host a conference call with analysts on November 2, 2022, at 8:00 a.m. ET to discuss its third quarter 2022 financial results. The call will be accessible via an audio webcast on the company's Investor Relations website, where it will remain archived for one year. CVS Health is recognized as a leading health solutions provider, committed to enhancing community health through a vast network of services, including over 300,000 employees and 40,000 healthcare professionals.