Cvs Health Corp Stock Price, News & Analysis

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.

CVS Health® announced the appointment of Dr. Amar Desai as President of the newly formed Health Care Delivery organization, effective October 17. Dr. Desai, formerly CEO of Optum Pacific West, will direct CVS Health's clinical delivery strategy, focusing on retail health, chronic disease management, and behavioral health. This strategic move aims to enhance the company's health services while leveraging its extensive portfolio. CEO Karen S. Lynch emphasized Dr. Desai's clinical expertise as vital for delivering high-quality care to patients.

Aetna, a CVS Health company, has unveiled its 2023 Medicare plans focusing on affordability and enhanced benefits for members. Key highlights include Medicare Advantage plans with $0 premiums available to 84% of beneficiaries, new Dual Eligible Special Needs Plans, and expanded options for veterans. Aetna will also implement significant cost reductions in prescription drug coverage, including $0 deductibles and copays on many medications. The updates aim to relieve financial burdens for older adults while increasing access to essential health services.

CVS Health (NYSE: CVS) is taking significant steps to ensure safety and continuity of care as Hurricane Ian approaches Florida. The company is proactively reaching out to patients regarding medication refills and supplying stores with emergency items. Key measures include offering emergency refills for plan members and expanding support for Medicare and Commercial members. CVS Pharmacy will comply with local evacuation orders and has strategies in place for rerouting calls from closed pharmacies. The company emphasizes the importance of preparedness for its customers and communities during the storm.

CVS Health has reported significant progress in its goal to reduce suicide attempts among Aetna members by 20% by 2025, achieving a 15.7% reduction as of March 2022 compared to 2019 baselines. For adults aged 18+, there was a 34.1% decrease in attempts, while the rate among adolescents (ages 13-17) unfortunately rose by 32%. CVS attributes this progress to various initiatives, including its Adolescent Outreach Program and partnerships aimed at providing necessary mental health resources.

CVS Health has declared a quarterly dividend of $0.55 per share on its Common Stock. This dividend is scheduled for payment on November 1, 2022, with record holders identified as of October 21, 2022. This announcement underscores CVS Health's commitment to returning value to its shareholders while maintaining its role as a leading health solutions company.

CVS Health has installed time delay safe technology in all 213 CVS Pharmacy locations across Louisiana, Mississippi, and Arkansas to combat organized retail crime. This initiative, part of CVS's partnership with law enforcement, is expected to lower pharmacy robberies and improve safety for customers and staff. Historical data shows that pharmacies using this technology have seen a 50% reduction in robberies. The time delay function acts as a deterrent, making it harder for robbers to access controlled substances quickly.