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CVS Caremark Industry-Leading Generic Dispensing Rate Reduces Client Traditional Drug Spend by 3.6 Percent for 2012
Date:4/11/2013

coming years, the impact of specialty pharmacy on client spend will only increase," said Jon Roberts , president of CVS Caremark's pharmacy benefit management business. "We know that specialty pharmacy trend is driven by the same forces – utilization, price and drug mix – as trend for more traditional drugs. Although biogenerics are not yet a factor in helping to manage costs, CVS Caremark is still able to provide a variety of solutions to help our clients effectively manage their specialty pharmacy spend while continuing to ensure access to these medications for the patients who need them."

In addition to tracking drug trends, CVS Caremark analyzed the impact of improved medication adherence for its PBM clients. "In 2012, CVS Caremark's commercial clients benefited from cost savings of more than $643 million on their overall health care spend as the result of improved medication adherence for chronic conditions," said Roberts.

The adherence cost savings were calculated using the company's proprietary Pharmacy Care Economic Model (PCEM), which enables CVS Caremark to calculate the financial value of improved pharmacy care by taking a holistic approach to reviewing adherence, gaps in care and use of generic alternatives. CVS Caremark's innovative pharmacy care programs such as Pharmacy Advisor® are succeeding in moving a significant portion of PBM members to optimal levels of medication adherence.  The savings calculated using the PCEM are due to medical cost avoidance, closing gaps in care, drug cost savings and productivity loss avoidance.

Access the full 2013 Insights Report in the publication section at the following link: http://www.cvscaremarkfyi.com/insights2013

About CVS Caremark
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