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CVS Caremark Terms & Privacy Policy Tracker

CVS Caremark

caremark.com

CVS Caremark is a leading pharmacy benefit manager (PBM) and subsidiary of CVS Health that provides comprehensive prescription benefit services to employers, health plans, and government entities. The company's business model centers on managing pharmacy spend through transparent pricing models, such as its "TrueCost" acquisition-based system, and negotiating with pharmaceutical manufacturers to lower costs for traditional and specialty drugs. Beyond claims processing and formulary management, CVS Caremark utilizes a clinical-first approach and integrated data from medical and pharmacy claims to improve member health outcomes through personalized support, automated prior authorizations, and innovative programs like Transform Diabetes Care. Serving over 88 million members, the company leverages advanced technology and a national network of more than 25,000 pharmacies to deliver connected healthcare experiences aimed at increasing medication adherence and reducing overall medical costs.

Company Information

Category
Healthcare
Industry
Pharmacy Benefit Management
Headquarters
1 CVS Drive, Woonsocket, RI 02895, United States
Founded
1963

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