Welcome to our dedicated page for Cvs Health news (Ticker: CVS), a resource for investors and traders seeking the latest updates and insights on Cvs Health stock.
CVS Health Corporation operates an integrated health care model that combines retail pharmacy, pharmacy benefit management, health insurance, medical clinics, specialty and mail pharmacy support, and related consumer health services. Recurring company news includes quarterly results and guidance, segment performance across Health Services, Health Care Benefits, and Pharmacy & Consumer Wellness, and capital returns through common-stock dividends.
Updates also cover CVS Caremark formulary decisions, biosimilar adoption, Aetna prior authorization and plan-administration initiatives, community health investments by the CVS Health Foundation, and developments involving Omnicare, the company's long-term care pharmacy subsidiary.
CVS Health has expanded its COVID-19 testing program by launching 15 additional drive-thru test sites in Arizona, effective June 26, 2020. This initiative increases CVS's testing capacity to over 1.5 million tests per month. The company has opened nearly 1,400 testing sites nationwide since May, with almost 60% located in areas identified as high-need according to the CDC's Social Vulnerability Index. Self-swab tests will be available to eligible individuals through prior registration at CVS.com. CVS's efforts aim to enhance access to testing for underserved populations amid rising COVID-19 cases.
CVS Health has launched Return Ready™, a customizable COVID-19 testing solution aimed at employers and universities to facilitate the safe return of employees and students. The program offers flexible testing options, including on-site and drive-thru testing, with comprehensive support such as clinician-informed protocols, communications toolkits, and analytics dashboards. The initiative underscores CVS Health's commitment to improving COVID-19 testing accessibility across communities, especially those most affected by the pandemic.
Aetna Better Health of West Virginia, a CVS Health company, has been awarded a statewide Medicaid contract effective July 1, 2020, through the Mountain Health Trust managed care program. This contract aims to serve various Medicaid-eligible groups across all 55 counties in West Virginia, emphasizing high-quality health care delivery. Aetna currently manages care for 160,000 members through its programs. The Mountain Health Trust contract runs until June 30, 2021, and supports Aetna's long-standing mission of improving health outcomes for vulnerable populations, including children in the foster care system.