cvs Archives - MedCity News https://medcitynews.com/tag/cvs/ Healthcare technology news, life science current events Tue, 29 Aug 2023 01:22:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png cvs Archives - MedCity News https://medcitynews.com/tag/cvs/ 32 32 40682243 Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/ https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/#respond Tue, 29 Aug 2023 01:22:38 +0000 https://medcitynews.com/?p=646818

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

]]>
https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/feed/ 0 646818
Nurse Practitioners’ Starting Salaries Are Rising Faster Than Those of Primary Care Physicians https://medcitynews.com/2023/08/physician-salary-nurse-healthcare-cvs-walgreens-amazon/ https://medcitynews.com/2023/08/physician-salary-nurse-healthcare-cvs-walgreens-amazon/#respond Thu, 17 Aug 2023 19:12:01 +0000 https://medcitynews.com/?p=645687

As retail disruptors like CVS, Walgreens and Amazon buy more and more primary care assets, the healthcare industry is seeing an increased demand for physicians and advanced practitioners. In the case of nurse practitioners, this rise in demand is also boosting their salaries. Physicians’ starting salaries have remained relatively flat, but their average signing bonus grew.

]]>
https://medcitynews.com/2023/08/physician-salary-nurse-healthcare-cvs-walgreens-amazon/feed/ 0 645687
Abortion Pill Access in 2023: A Timeline https://medcitynews.com/2023/04/abortion-pill-access-in-2023-a-timeline/ https://medcitynews.com/2023/04/abortion-pill-access-in-2023-a-timeline/#respond Thu, 13 Apr 2023 19:44:18 +0000 https://medcitynews.com/?p=631179

Mifepristone and misoprostol, two pills that are taken together to terminate a pregnancy, have been approved by the FDA since 2000. But access to these drugs have been in serious jeopardy this year, and a federal judge in Texas recently ruled to suspend the FDA’s decadeslong approval of mifepristone. The final outcome for abortion pill access in the U.S. is still unclear among confliction federal rulings — the issue will likely end up in the Supreme Court.

]]>
https://medcitynews.com/2023/04/abortion-pill-access-in-2023-a-timeline/feed/ 0 631179
Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/02/the-latest-in-healthcares-corporate-ladder/ https://medcitynews.com/2023/02/the-latest-in-healthcares-corporate-ladder/#respond Sun, 12 Feb 2023 15:19:18 +0000 https://medcitynews.com/?p=623785

Here is a selection of recent executive hires, departures and layoffs occurring across the healthcare industry.

]]>
https://medcitynews.com/2023/02/the-latest-in-healthcares-corporate-ladder/feed/ 0 623785
Which Health Tech Companies Might Go Public or Get Acquired in 2023? https://medcitynews.com/2023/01/which-health-tech-companies-might-go-public-or-get-acquired-in-2023/ https://medcitynews.com/2023/01/which-health-tech-companies-might-go-public-or-get-acquired-in-2023/#respond Tue, 03 Jan 2023 21:48:11 +0000 https://medcitynews.com/?p=619081

As macroeconomic forces continue to negatively impact the healthcare sector, health tech experts predict that 2023 will be another slow year for the IPO market. However, they think consolidation deals will continue to be a constant, according to a new report.

]]>
https://medcitynews.com/2023/01/which-health-tech-companies-might-go-public-or-get-acquired-in-2023/feed/ 0 619081
Trends that will Shape Healthcare in 2023: Hospital Closures, Scaling Retail Clinics & More https://medcitynews.com/2022/11/trends-will-shape-healthcare-in-2023-hospital-closures-scaling-retail-clinics-more/ https://medcitynews.com/2022/11/trends-will-shape-healthcare-in-2023-hospital-closures-scaling-retail-clinics-more/#respond Sun, 06 Nov 2022 14:19:56 +0000 https://medcitynews.com/?p=612295

Consumer research firm Forrester recently predicted major trends that would shape healthcare in 2023. Healthcare stakeholders should prepare for key changes, such as care becoming even more inaccessible for rural patients and additional retail entrants into the clinic space.

]]>
https://medcitynews.com/2022/11/trends-will-shape-healthcare-in-2023-hospital-closures-scaling-retail-clinics-more/feed/ 0 612295
CVS scheme diverted millions from underserved population, NY AG says https://medcitynews.com/2022/07/cvs-scheme-diverted-millions-from-underserved-population-ny-ag-says/ https://medcitynews.com/2022/07/cvs-scheme-diverted-millions-from-underserved-population-ny-ag-says/#respond Thu, 28 Jul 2022 21:43:10 +0000 https://medcitynews.com/?p=597362

Attorney General Letitia James accused CVS of a scheme starting in 2017 to prevent New York safety net hospitals from using the company of their choice to obtain federal drug subsidies on prescriptions filled at CVS through the 340B program

]]>
https://medcitynews.com/2022/07/cvs-scheme-diverted-millions-from-underserved-population-ny-ag-says/feed/ 0 597362
Google Cloud exec: Real-world data could eliminate the need for placebos in clinical trials https://medcitynews.com/2022/06/google-cloud-exec-real-world-data-could-eliminate-the-need-for-placebos-in-clinical-trials/ https://medcitynews.com/2022/06/google-cloud-exec-real-world-data-could-eliminate-the-need-for-placebos-in-clinical-trials/#respond Wed, 22 Jun 2022 22:43:45 +0000 https://medcitynews.com/?p=592412

The speed of Covid-19 vaccine trials should inspire the pharmaceutical and medical device industries to accelerate its clinical testing, according to Shweta Maniar, Google Cloud’s director for healthcare and life sciences. She argued that harnessing real-world data will make faster clinical trials achievable for all therapeutics and devices, possibly even eliminating the need to recruit a placebo arm.

]]>
https://medcitynews.com/2022/06/google-cloud-exec-real-world-data-could-eliminate-the-need-for-placebos-in-clinical-trials/feed/ 0 592412
Jury rules pharmacy chains liable in landmark opioid trial https://medcitynews.com/2021/11/jury-rules-pharmacy-chains-liable-in-landmark-opioid-trial/ https://medcitynews.com/2021/11/jury-rules-pharmacy-chains-liable-in-landmark-opioid-trial/#respond Wed, 24 Nov 2021 19:51:35 +0000 https://medcitynews.com/?p=560033

A federal jury found pharmacy chains CVS, Walgreens and Walmart helped fuel the opioid epidemic in two Ohio counties. It’s the first trial pharmacy chains have faced related to the opioid crisis, though several other lawsuits have been filed.

]]>
https://medcitynews.com/2021/11/jury-rules-pharmacy-chains-liable-in-landmark-opioid-trial/feed/ 0 560033
Walgreens bets all its chips on a new healthcare strategy. Will patients buy in? https://medcitynews.com/2021/11/walgreens-bets-all-its-chips-on-a-new-healthcare-strategy-will-patients-buy-in/ https://medcitynews.com/2021/11/walgreens-bets-all-its-chips-on-a-new-healthcare-strategy-will-patients-buy-in/#respond Sun, 21 Nov 2021 14:57:39 +0000 https://medcitynews.com/?p=558305 A Walgreens store in Florida shows a sign for VillageMD primary care on the side, along with a now open sign.

The company launched a new health division, and has doubled down on its plans to open primary care clinics with VillageMD. It faces big competitors in CVS and Walmart, and it’ll take time to see if its new strategy pays off.

]]>
https://medcitynews.com/2021/11/walgreens-bets-all-its-chips-on-a-new-healthcare-strategy-will-patients-buy-in/feed/ 0 558305
CVS sees opportunity to influence cost of care with primary care push https://medcitynews.com/2021/11/cvs-sees-opportunity-to-influence-cost-of-care-with-primary-care-push/ https://medcitynews.com/2021/11/cvs-sees-opportunity-to-influence-cost-of-care-with-primary-care-push/#respond Wed, 03 Nov 2021 20:35:04 +0000 https://medcitynews.com/?p=556667

CVS recently launched a virtual primary care plan through a partnership with Teladoc, and is redesigning its stores to offer a broader array of health services. In an earnings call, CEO Karen Lynch said the company is starting to get traction with its new insurance plan designs. 

]]>
https://medcitynews.com/2021/11/cvs-sees-opportunity-to-influence-cost-of-care-with-primary-care-push/feed/ 0 556667
CVS sues pharmacy benefit startup Capital Rx over ‘unenforceable’ non-compete clause https://medcitynews.com/2021/09/cvs-sues-pharmacy-benefit-startup-capital-rx-over-unenforceable-non-compete-clause/ https://medcitynews.com/2021/09/cvs-sues-pharmacy-benefit-startup-capital-rx-over-unenforceable-non-compete-clause/#respond Tue, 28 Sep 2021 18:36:58 +0000 https://medcitynews.com/?p=551558

After Capital Rx’s former medical director of pharmacy services got a job offer at CVS, the PBM startup claimed he couldn’t work there because of a noncompete agreement. CVS recently sued the company, saying its non-compete clause was unenforceable.

]]>
https://medcitynews.com/2021/09/cvs-sues-pharmacy-benefit-startup-capital-rx-over-unenforceable-non-compete-clause/feed/ 0 551558
Teladoc backs national virtual primary care plan for self-funded companies https://medcitynews.com/2021/08/teladoc-backs-national-virtual-primary-care-plan-for-self-funded-companies/ https://medcitynews.com/2021/08/teladoc-backs-national-virtual-primary-care-plan-for-self-funded-companies/#respond Wed, 11 Aug 2021 21:01:53 +0000 https://medcitynews.com/?p=544250 telehealth, phone, telemedicine,

The plans, which will be offered by Aetna, are based on Teladoc’s physician care team model, and also includes providers through Aetna’s network and CVS Health services. 

]]>
https://medcitynews.com/2021/08/teladoc-backs-national-virtual-primary-care-plan-for-self-funded-companies/feed/ 0 544250
Seven insurers sue CVS for allegedly inflating drug prices https://medcitynews.com/2021/05/seven-insurers-sue-cvs-for-allegedly-inflating-drug-prices/ https://medcitynews.com/2021/05/seven-insurers-sue-cvs-for-allegedly-inflating-drug-prices/#respond Thu, 27 May 2021 17:27:05 +0000 https://medcitynews.com/?p=532454 Lawsuit, sue, gavel, court, money

For the second time in the span of one year, a group of insurers has filed a lawsuit against CVS alleging it overcharged them for generic drugs. CVS refuted the claims, calling them “baseless.”

]]>
https://medcitynews.com/2021/05/seven-insurers-sue-cvs-for-allegedly-inflating-drug-prices/feed/ 0 532454
CVS joins the decentralized clinical trials movement with launch of new biz unit https://medcitynews.com/2021/05/cvs-joins-the-decentralized-clinical-trials-movement-with-launch-of-new-biz-unit/ https://medcitynews.com/2021/05/cvs-joins-the-decentralized-clinical-trials-movement-with-launch-of-new-biz-unit/#respond Sun, 23 May 2021 12:01:22 +0000 https://medcitynews.com/?p=531449 CVS store

CVS Health has launched a new clinical trials services business that will help drug companies and contract research organizations recruit clinical trial volunteers. The new business unit builds on work the pharmacy giant did last year, identifying and recruiting people for studies testing Covid-19 vaccines and medicines.

]]>
https://medcitynews.com/2021/05/cvs-joins-the-decentralized-clinical-trials-movement-with-launch-of-new-biz-unit/feed/ 0 531449
CVS launches $100M venture fund https://medcitynews.com/2021/04/cvs-launches-100m-venture-fund/ https://medcitynews.com/2021/04/cvs-launches-100m-venture-fund/#respond Thu, 29 Apr 2021 20:55:34 +0000 https://medcitynews.com/?p=527789

The company launched CVS Health Ventures, a corporate venture fund that will make early investments in healthcare startups. It will start with a $100 million fund.

]]>
https://medcitynews.com/2021/04/cvs-launches-100m-venture-fund/feed/ 0 527789
Pharmacies start selling over-the-counter Covid tests, but they’re too pricey to turn the tide https://medcitynews.com/2021/04/pharmacies-start-selling-over-the-counter-covid-tests-but-theyre-too-pricey-to-turn-the-tide/ https://medcitynews.com/2021/04/pharmacies-start-selling-over-the-counter-covid-tests-but-theyre-too-pricey-to-turn-the-tide/#respond Tue, 20 Apr 2021 02:11:11 +0000 https://medcitynews.com/?p=525806

After the Food and Drug Administration authorized a swathe of over-the-counter tests for Covid-19, pharmacies are preparing to stock their shelves. But at $20 to $100 a pop, will enough people use them to make a difference?

]]>
https://medcitynews.com/2021/04/pharmacies-start-selling-over-the-counter-covid-tests-but-theyre-too-pricey-to-turn-the-tide/feed/ 0 525806
With telehealth, pharmacy offerings, Amazon starts to encroach on PBMs https://medcitynews.com/2021/03/with-telehealth-pharmacy-offerings-amazon-starts-to-encroach-on-pbms/ https://medcitynews.com/2021/03/with-telehealth-pharmacy-offerings-amazon-starts-to-encroach-on-pbms/#respond Fri, 26 Mar 2021 20:47:34 +0000 https://medcitynews.com/?p=521855

As Amazon starts to roll out its telehealth and pharmacy offerings, most big health systems and insurers don’t yet view it as a threat. But pharmacy benefit managers and vertically integrated payers will be keeping a watchful eye on the company as it starts to encroach on a slice of their business. 

]]>
https://medcitynews.com/2021/03/with-telehealth-pharmacy-offerings-amazon-starts-to-encroach-on-pbms/feed/ 0 521855
Pharmacies to start offering a limited number of Covid-19 vaccines https://medcitynews.com/2021/02/pharmacies-to-start-offering-a-limited-number-of-covid-19-vaccines/ https://medcitynews.com/2021/02/pharmacies-to-start-offering-a-limited-number-of-covid-19-vaccines/#respond Wed, 03 Feb 2021 01:12:06 +0000 https://medcitynews.com/?p=513110

Walgreens, CVS, Walmart and dozens of other pharmacies will start administering a limited number of vaccines as part of the Federal Retail Pharmacy Program. It will offer vaccines in medically underserved areas to healthcare workers, people ages 65 and older, and essential workers, according to local guidelines.

]]>
https://medcitynews.com/2021/02/pharmacies-to-start-offering-a-limited-number-of-covid-19-vaccines/feed/ 0 513110
CVS, Walgreens begin administering first vaccines in nursing homes https://medcitynews.com/2020/12/cvs-walgreens-begin-administering-first-vaccines-in-nursing-homes/ https://medcitynews.com/2020/12/cvs-walgreens-begin-administering-first-vaccines-in-nursing-homes/#respond Mon, 28 Dec 2020 22:25:03 +0000 https://medcitynews.com/?p=509084

CVS and Walgreens began administering the first doses of Covid-19 vaccines across long-term care facilities last week. But many questions still remain about how it will be administered to the general public.

]]>
https://medcitynews.com/2020/12/cvs-walgreens-begin-administering-first-vaccines-in-nursing-homes/feed/ 0 509084
Walgreens, VillageMD to open 40 clinics by next summer https://medcitynews.com/2020/12/walgreens-villagemd-to-open-40-clinics-by-next-summer/ https://medcitynews.com/2020/12/walgreens-villagemd-to-open-40-clinics-by-next-summer/#respond Tue, 08 Dec 2020 01:00:18 +0000 https://medcitynews.com/?p=506393

The retailer plans to open primary care clinics in Houston, El Paso, Austin, Phoenix and Orlando by next summer as part of its partnership with startup VillageMD.

]]>
https://medcitynews.com/2020/12/walgreens-villagemd-to-open-40-clinics-by-next-summer/feed/ 0 506393
CVS to distribute newly authorized antibody therapy https://medcitynews.com/2020/12/cvs-to-distribute-newly-authorized-antibody-therapy/ https://medcitynews.com/2020/12/cvs-to-distribute-newly-authorized-antibody-therapy/#respond Thu, 03 Dec 2020 01:58:13 +0000 https://medcitynews.com/?p=505688

CVS Health’s infusion business will participate in a pilot to administer a recently authorized monoclonal antibody treatment to prevent patients from getting seriously ill with Covid-19. But data about the treatment, bamlanivimab, is mixed, and supply is limited.

]]>
https://medcitynews.com/2020/12/cvs-to-distribute-newly-authorized-antibody-therapy/feed/ 0 505688
Even with pharmacy debut, Amazon unlikely to ‘blow up’ prescription pricing https://medcitynews.com/2020/11/amazon-makes-its-much-anticipated-pharmacy-debut/ https://medcitynews.com/2020/11/amazon-makes-its-much-anticipated-pharmacy-debut/#respond Tue, 17 Nov 2020 21:46:03 +0000 https://medcitynews.com/?p=504389

Two years after acquiring PillPack, Amazon is launching its much-anticipated pharmacy business. But even with some exciting features about price transparency, it’s unlikely to dramatically change prescription costs, experts said.

]]>
https://medcitynews.com/2020/11/amazon-makes-its-much-anticipated-pharmacy-debut/feed/ 0 504389
Aetna president to lead CVS after CEO Merlo retires https://medcitynews.com/2020/11/aetna-president-to-lead-cvs-after-ceo-merlo-retires/ https://medcitynews.com/2020/11/aetna-president-to-lead-cvs-after-ceo-merlo-retires/#respond Fri, 06 Nov 2020 20:28:46 +0000 https://medcitynews.com/?p=503444

Aetna President Karen Lynch will replace current CVS CEO Larry Merlo next spring. Merlo, who has been the company’s CEO for nearly a decade, plans to retire in May.

]]>
https://medcitynews.com/2020/11/aetna-president-to-lead-cvs-after-ceo-merlo-retires/feed/ 0 503444
Aetna rolls out new plan built around CVS pharmacies, retail clinics https://medcitynews.com/2020/08/aetna-rolls-out-new-plan-built-around-cvs-pharmacies-retail-clinics/ https://medcitynews.com/2020/08/aetna-rolls-out-new-plan-built-around-cvs-pharmacies-retail-clinics/#respond Tue, 01 Sep 2020 01:31:05 +0000 https://medcitynews.com/?p=497369

The new plan design incorporates some features from Aetna’s parent company. The plan lets members access appointments at HealthHUB and MinuteClinic locations with no copay, and get discounts on health-related items at CVS stores.

]]>
https://medcitynews.com/2020/08/aetna-rolls-out-new-plan-built-around-cvs-pharmacies-retail-clinics/feed/ 0 497369
Can Walmart change healthcare? https://medcitynews.com/2020/08/can-walmart-change-healthcare/ https://medcitynews.com/2020/08/can-walmart-change-healthcare/#respond Thu, 13 Aug 2020 21:32:20 +0000 https://medcitynews.com/?p=495989

Walmart caught the healthcare industry’s attention when it began opening primary care centers across Georgia, Florida and Illinois. But without its leader, will the effort still be able to keep its momentum?

]]>
https://medcitynews.com/2020/08/can-walmart-change-healthcare/feed/ 0 495989
Walgreens resets retail clinics with VillageMD partnership but faces tough competition ahead https://medcitynews.com/2020/07/walgreens-resets-retail-clinics-with-villagemd-partnership-but-faces-tough-competition-ahead/ https://medcitynews.com/2020/07/walgreens-resets-retail-clinics-with-villagemd-partnership-but-faces-tough-competition-ahead/#respond Wed, 08 Jul 2020 23:53:11 +0000 https://medcitynews.com/?p=492755

Walgreens plan to open hundreds of VillageMD clinics at its stores in the next five years. It would be the first major move by Walgreens to staff its locations with primary care physicians.

]]>
https://medcitynews.com/2020/07/walgreens-resets-retail-clinics-with-villagemd-partnership-but-faces-tough-competition-ahead/feed/ 0 492755
Blues plans sue CVS, saying it overcharged them for generic drugs https://medcitynews.com/2020/05/blues-plans-sue-cvs-saying-it-overcharged-them-for-generic-drugs/ https://medcitynews.com/2020/05/blues-plans-sue-cvs-saying-it-overcharged-them-for-generic-drugs/#respond Sun, 31 May 2020 14:00:25 +0000 https://medcitynews.com/?p=489836

Blues plans in six states filed a lawsuit against CVS, alleging the company inflated the cash prices of its generic drugs. They said CVS sold the drugs to consumers at a lower price using its cash discount program, while charging insurers a higher price.

]]>
https://medcitynews.com/2020/05/blues-plans-sue-cvs-saying-it-overcharged-them-for-generic-drugs/feed/ 0 489836
CVS head of specialty pharmacy sees future of healthcare at home after Covid-19 https://medcitynews.com/2020/05/cvs-head-of-specialty-pharmacy-sees-future-of-healthcare-at-home-after-covid-19/ https://medcitynews.com/2020/05/cvs-head-of-specialty-pharmacy-sees-future-of-healthcare-at-home-after-covid-19/#respond Tue, 26 May 2020 22:26:20 +0000 https://medcitynews.com/?p=489527

CVS Health’s specialty pharmacy head shared how the pharmacy chain is caring for patients remotely during Covid-19. He expects to see more in-home care after the pandemic.

]]>
https://medcitynews.com/2020/05/cvs-head-of-specialty-pharmacy-sees-future-of-healthcare-at-home-after-covid-19/feed/ 0 489527
Google: COVID-19 triage website is in early stages of development https://medcitynews.com/2020/03/google-confirms-it-will-create-covid-19-triage-website/ https://medcitynews.com/2020/03/google-confirms-it-will-create-covid-19-triage-website/#respond Fri, 13 Mar 2020 23:18:04 +0000 https://medcitynews.com/?p=482543

After declaring a state of emergency on Friday, Trump announced that Google would be building a website that could route users to drive-thru testing sites for COVID-19. Alphabet’s subsidiary, Verily, said the tool was in the early stages of development, and that it planned to roll out testing in the Bay Area.

]]>
https://medcitynews.com/2020/03/google-confirms-it-will-create-covid-19-triage-website/feed/ 0 482543