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CVS Caremark Awarded Pharmacy Benefit Management Institute Rx Benefit Innovation Award for Pharmacy Advisor Program
Date:2/18/2011

WOONSOCKET, R.I., Feb. 18, 2011 /PRNewswire/ -- CVS Caremark (NYSE: CVS) announced today that the Pharmacy Benefit Management Institute (PBMI) awarded the company and its PBM client ArcelorMittal, the world's largest steel company, the 2011 Rx Benefit Innovation Award.  The award recognizes the Pharmacy Advisor program, which was developed by CVS Caremark to manage costs, improve medication adherence and close gaps in care for members with diabetes.

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Pharmacy Advisor is an innovative PBM solution that leverages CVS Caremark's unique PBM and retail assets to improve pharmacy care. The company applies rules engine technology to PBM claims data in order to identify plan members with diabetes who currently have sub-optimal pharmacy care, as well as those who may be at risk of becoming sub-optimal.  Evidence-based protocols are also applied to review the member's current treatment and identify gaps in care or issues with medication adherence. Once these clinical improvement opportunities are identified for the member, pharmacists discuss these opportunities based on the member's preferred mode of communication – either on the phone with a pharmacist or face-to-face at a local CVS/pharmacy store.

"This honor illustrates how an employer and its PBM can work together to improve health care quality while better managing cost," said Per Lofberg, President of CVS Caremark's pharmacy benefit management business. "For CVS Caremark, this award validates our efforts to develop innovative programs that improve patient engagement,  better manage chronic diseases like diabetes and help clients keep their health care costs down."

In late 2009 through early 2010, CVS Caremark piloted the Pharmacy Advisor program with ArcelorMittal in the US where the company currently has approximately 80,000
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SOURCE CVS Caremark
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