Navigation Links
CVS Caremark Awarded Integrated 3-Year Blue Cross and Blue Shield Federal Employee Program (FEP) Contract
Date:5/27/2011

WOONSOCKET, R.I., May 27, 2011 /PRNewswire-FirstCall/ -- CVS Caremark Corporation (NYSE: CVS) today announced that it has been awarded a three-year contract to provide integrated pharmacy benefit services for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program (FEP), based on the best overall value. The Company will continue to provide FEP's clinical programs and retail pharmacy benefit management services and also provide mail order pharmacy services and specialty pharmacy services to FEP's more than 5 million federal employees, retirees and dependents.

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO)

CVS Caremark has been administering FEP's retail pharmacy benefit management program since 1993 and the contract had most recently been extended through the end of 2011. The new agreement, which runs through 2014, brings the relationship between CVS Caremark and FEP to more than 20 years.  CVS Caremark will continue to provide retail pharmacy benefit management services, including network contracting and management of a comprehensive suite of highly-customized clinical programs, and also provide mail order and specialty pharmacy services.  

"We are very gratified that FEP has recognized that CVS Caremark's unique integrated model for pharmacy care provides the best overall value and offers their plan members innovative, cost-effective pharmacy benefit management services that improve health outcomes," said Larry J. Merlo, President and Chief Executive Officer of CVS Caremark.

"FEP is a highly-valued client and we are committed to continuing to deliver the same high level of service and patient satisfaction that we have provided to FEP's federal employees, retirees and their families for many years," added Per Lofberg, President of CVS Caremark's pharmacy benefit management business.  

About CVS CaremarkCVS Caremark is the largest pharmacy health care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. We are uniquely positioned to engage plan members in behaviors that improve their health and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of approximately 65,000 pharmacies, including more than 7,200 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical offerings include our signature Pharmacy Advisor™ program as well as innovative generic step therapy and genetic benefit management programs that promote more cost effective and healthier behaviors and improve health care outcomes. General information about CVS Caremark is available through the Company's website at http://info.cvscaremark.com/. Media Contact:Investor Contact:Eileen Howard Boone

Nancy ChristalCVS Caremark

CVS Caremark(401) 770-4561

(914) 722-4704ehboone@cvs.com

nrchristal@cvs.com
'/>"/>

SOURCE CVS Caremark Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. CVS Caremark Developing New Ways to Help Patients Take Medications as Directed
2. CVS Caremark Research Tailors Consumer Communications to Encourage Better Medication Behavior
3. CVS Caremark to Present at the Sanford C. Bernstein Strategic Decisions Conference
4. CVS Caremark to Participate in the Citi Investment Research 2011 Global Consumer Conference
5. CVS Caremark to Pilot Electronic Prior Authorization to Help Speed Patient Access to Prescription Medication
6. CVS Caremark Named as Finalist for 2011 URAC Award for Best Practices in Health Care Consumer Empowerment and Protection
7. CVS Caremark Uniquely Integrated Business Well-Positioned to Deliver Shareholder Value
8. CVS Caremark Reports First Quarter Results
9. CVS Caremark to Complete Acquisition of Universal Americans Medicare Part D Business
10. NCPA Responds to Consumer Groups Request for CVS Caremark Divestiture
11. CVS Caremark to Offer Medical Benefit Drug Management Services to Clients
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/5/2016)... , May 5, 2016 Research ... PET Imaging in Top 5 EU Markets"  report to their ... This report provides information on the current Positron Emission Tomography ... European Markets (T5 EU), which includes France ... , Spain and the ...
(Date:5/4/2016)...  Compass Diversified Holdings (NYSE: CODI ) ... leading middle market businesses, announced today its consolidated operating ... First Quarter 2016 Highlights , Generated ... "Cash Flow") of $13.6 million for the first quarter ... million for the first quarter of 2016; , ...
(Date:5/4/2016)... Yissum Research Development Company of the ... had signed an exclusive world-wide licensing and research agreement ... degradation and immunomodulatory drugs for cancer and immune dysfunction, ... first-in-class therapy for hematologic and solid malignancies. Financial terms ... novel technology was developed by Yinon Ben-Neriah , ...
Breaking Medicine Technology:
(Date:5/5/2016)... ... May 05, 2016 , ... Vitenas Cosmetic Surgery has been ... presented by the American Institute of Architects and the Academy of Architecture for Health. ... Perkins+Will and Harrell Architects, opened to patients in October of 2014. ...
(Date:5/5/2016)... ... 05, 2016 , ... Dr. Benjamin Stong of Kalos Facial Plastic Surgery, LLC ... Stong is double board certified and the only facial plastic surgeon in Atlanta to ... Non-surgical therapies such as stem cells can be used to provide stabilization to hair ...
(Date:5/5/2016)... ... May 05, 2016 , ... In honor of National Nurses Week 2016, ... the United States to thank a nurse who's made a difference in their life. ... the American Red Cross of San Diego/Imperial Counties (up to $10,000) every time someone ...
(Date:5/5/2016)... Boston, MA (PRWEB) , ... May 05, 2016 , ... ... stress becomes a constant presence, it can weaken the immune system and increase inflammation, ... Ami B. Bhatt, director of the adult congenital heart disease program at Harvard-affiliated Massachusetts ...
(Date:5/5/2016)... PLAINSBORO, N.J. (PRWEB) , ... May 05, 2016 , ... ... on patients with cancer, today announced a new collaboration with Imerman Angels ... of cancer anywhere in the world. , “Imerman Angels provides an emotional lifeline to ...
Breaking Medicine News(10 mins):