CHICAGO and WOONSOCKET, R.I., Nov.
29, 2016 /PRNewswire/ -- OptumRx and CVS Pharmacy are
partnering to provide more convenient choices and lower costs for
consumers and clients while improving health outcomes. OptumRx is
UnitedHealth Group's (NYSE: UNH) free-standing pharmacy care
services business, managing more than one billion prescriptions
annually. CVS Pharmacy, the retail division of CVS Health (NYSE:
CVS), is America's leading retail pharmacy, with more than 9,600
retail pharmacies across the nation.
The strategic relationship will bring together complementary
capabilities to provide greater convenience and value. Together,
the two companies will offer employers a new pharmacy network
solution that:
- Provides eligible OptumRx members the option to fill 90-day
prescriptions at prices equal to home delivery copay levels at CVS
locations nationwide or through OptumRx home delivery;
- Increases consumer engagement and improves health outcomes
through the combination of OptumRx's leading pharmacy and clinical
solutions with CVS Pharmacy's leading in-store health and wellness
capabilities;
- Enables OptumRx and CVS Pharmacy to leverage a shared pharmacy
platform to develop new pharmacy and health solutions for clients
and consumers.
"Our new strategic relationship with CVS Pharmacy will benefit
our clients and consumers by improving access to medications,
driving better health outcomes, and reducing costs," said
Mark Thierer, chief executive
officer of OptumRx. "By deepening our relationship, we can develop
innovations that further modernize and enhance pharmacy care."
Further expanding OptumRx's full range of network offerings,
this joint pharmacy offering provides a platform for Optum and CVS
Pharmacy to bring together capabilities and systems to build new
combined pharmacy, health and wellness programs. Optum's long-term
business relationship with CVS Pharmacy as traditional pharmacy
network partners ensures this new pharmacy solution will quickly
benefit consumers and clients, improving health outcomes and
lowering costs beyond the pharmacy.
"We are very pleased to announce that we will be partnering with
OptumRx, which will allow us to explore innovative ways of helping
patients on their path to better health," said Helena Foulkes, president of CVS Pharmacy. "This
strategic relationship will enhance patients' access to care, lower
costs, and improve health outcomes through our unmatched clinical
capabilities delivered by our 27,000 retail pharmacists
nationwide."
OptumRx and CVS expect the new 90-day pharmacy solution to be
available to OptumRx commercial clients implementing new 90-day
prescription benefit designs, beginning July
1, 2017.
About CVS Pharmacy
CVS Pharmacy, the retail division
of CVS Health (NYSE: CVS), is America's leading retail pharmacy
with over 9,600 locations. It is the first national pharmacy to end
the sale of tobacco and the first pharmacy in the nation to receive
the Community Pharmacy accreditation from URAC, the leading health
care accreditation organization that establishes quality standards
for the health care industry. CVS Pharmacy is reinventing pharmacy
to help people on their path to better health by providing the most
accessible and personalized expertise, both in its stores and
online at CVS.com. General information about CVS Pharmacy and CVS
Health is available at www.cvshealth.com.
About OptumRx
OptumRx is a pharmacy care services
company helping clients and more than 65 million members achieve
better health outcomes and lower overall costs through innovative
prescription drug benefits management services, including network
claims processing, clinical programs, formulary management and
specialty pharmacy care. Leveraging expertise, flexible technology
and a network of over 67,000 community pharmacies and
state-of-the-art home delivery pharmacies, OptumRx is putting
patients at the center of the pharmacy experience and making health
care more connected and less fragmented - ensuring patients get the
right medication at the right time at the best cost. OptumRx is
part of Optum, a leading information and technology-enabled health
services business dedicated to making the health system work better
for everyone. For more information, visit
www.optum.com/optumrx.
About Optum
Optum is a leading information and
technology-enabled health services business dedicated to helping
make the health system work better for everyone. With more than
100,000 people worldwide, Optum delivers intelligent, integrated
solutions that help to modernize the health system and improve
overall population health. Optum is part of UnitedHealth Group
(NYSE:UNH). For more information, visit www.optum.com.
Media
Contacts:
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Investor
Contacts:
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CVS
Health
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CVS Health
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Carolyn
Castel
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Nancy
Christal
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Tel: (401)
770-5717
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Tel: (401)
770-3614
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carolyn.castel@cvshealth.com
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nancy.christal@cvshealth.com
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Optum
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Drew
Krejci
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Tel: (952)
205-6652
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andrew.krejci@optum.com
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SOURCE CVS Pharmacy