CVS Health Corporation is a leading healthcare company in the United States, offering a range of health solutions to individuals, employers, and healthcare providers. The company operates through three main segments: Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness.
The Health Care Benefits segment provides a variety of health insurance products and services to a diverse range of customers, including employer groups, individuals, college students, and government-sponsored plans. This segment offers traditional, voluntary, and consumer-directed health insurance products, catering to the unique needs of its customers.
The Health Services segment focuses on pharmacy benefit management solutions, designed to help employers, insurance companies, and healthcare providers manage their pharmacy benefits effectively. This segment offers a range of services, including plan design and administration, formulary management, and clinical services, to name a few. By providing these services, CVS Health helps its customers reduce healthcare costs and improve health outcomes.
The Pharmacy & Consumer Wellness segment is responsible for selling prescription and over-the-counter drugs, as well as consumer health and beauty products, through its retail stores, online platforms, and mail-order services. This segment also provides pharmacy consulting and ancillary services to care facilities, such as long-term care pharmacies, on-site pharmacies, and retail specialty pharmacy stores. Additionally, CVS Health offers compounding pharmacies and branches for infusion and enteral nutrition services, further expanding its reach in the healthcare industry.
With a rich history dating back to 1996, CVS Health Corporation has undergone significant transformations, including a name change from CVS Caremark Corporation to CVS Health Corporation in 2014. Today, the company is headquartered in Woonsocket, Rhode Island, and is a leading player in the healthcare industry, committed to providing innovative health solutions to its customers.
For more information about CVS Health Corporation, please visit their website at https://www.cvshealth.com.