There is a lot to know about CVS health and what they specialize in. Many years ago, CVS cooperation had focused on health-related issues, but things have changed and you should know about it. This article has good information on CVS Health subsidiaries (profile & funding).
CVS Company Profile
The CVS Health Corp. operates in the healthcare industry. Pharmacy Services, Retail or Long-Term Care, Health Care Benefits, and Corporate/Other are its four operating segments.
Solutions for pharmaceutical benefit management are provided by the pharmacy services segment.
Prescription pharmaceuticals, a range of health and wellness goods, as well as general commerce, are all sold in the retail or long-term care market.
Learn More about CVS Health Corporation History
CVS Organizational Structure
The organizational structure of CVS is a cooperative M-form, which in this case is effectively a divisional organizational structure based on products.
The business is organized in an M-shape and has a number of divisions or subsidiaries, including MinuteClinic, CVS Caremark, CVS Pharmacy, and the Brazilian subsidiary.
Additionally, this organizational structure is cooperative in that the divisions work together to share information and resources.
CVS Health Subsidiaries
1. CVS Pharmacy
With 9,600 locations across all 50 states, the District of Columbia, and Puerto Rico, CVS Pharmacy is one of the biggest retail pharmacy chains in the country.
It operates primarily under the names CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy, and Drogaria Onofre.
The ExtraCare loyalty program is the biggest retail loyalty program in the nation, with over 70 million cards.
2. CVS Caremark
In addition to mail order pharmacy services, plan design and administration, and claims processing, CVS Caremark offers full prescription benefit management services.
Employers, health plans, Managed Medicaid plans, and other sponsors of health benefit plans are the company’s main clients, and they are located all across the country.
Through five mail-order pharmacies, specialty pharmacies, and long-term care pharmacies, CVS Caremark manages the dispensing of prescription drugs for more than 75 million members.
3. HealthHub
In addition to typical CVS sites, HealthHUBs operate inside a few CVS Pharmacy locations and provide a range of extra services.
Locations of HealthHUB provide a wider range of compression therapy, durable medical equipment, home, and health technology, and sleep apnea.
Care Concierges, who are knowledgeable about HealthHub goods and services, work at the HealthHUBs.
Additionally, the Nurse Practitioners and Physician Assistants are supported by Medical Assistants, at MinuteClinic locations that are HealthHub stores.
Check Out CVS Health Funding
Finally, you should know that CVS is one company that has thrived to be where it is today and its services are also top-notch.
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