Pharmacy Benefits - CVS Caremark
Prescription drug coverage is one of the most highly valued employer-sponsored benefits used to attract and retain employees, yet it is one of the most elusive and complex purchasing responsibilities of self-insured employers. The Corporate United collaboration with CVS Caremark offers our members a best-in-class agreement with a variety of customizable pharmacy benefits management solutions, as well as continuing opportunities to improve their benefit programs and stay ahead of market changes.
CVS Caremark is the largest provider of prescriptions in the nation. The company fills or manages more than one billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 7,152 CVS/pharmacy and Longs Drugs stores, its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy), its retail-based health clinic subsidiary, MinuteClinic
® (over 569 locations), its Accordant
® rare disease management services and its online pharmacy, CVS.com.
Features and Benefits - Aggressive pricing leverages more than $700 million in drug spend with additional incentives as the group meets specific volume thresholds
- Full flexibility of plan design allowing plan sponsors to replicate their current plan or make changes to better incent employees to choose lower cost, efficacious medications
- Implementation process support and credits to offset any costs associated with transitioning suppliers
- A 100% claims and rebate audit with any and all findings and recoveries attributable to members’ specific plan are passed back in full
- Flexible offering leveraging CVS Caremark resources as the number one pharmacy benefits management provider and a leading retailer to provide premium, convenient value to users
Learn about the intricacies of pharmacy benefits management by reading excerpts from Corporate United's PBM category guide, or download the guide.