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.
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.