WOONSOCKET, R.I., March 20, 2018 /PRNewswire/ -- CVS Health
(NYSE: CVS) announced today that Derica W.
Rice will join the company as President of CVS Caremark, the
company's pharmacy benefit management (PBM) business, as of
March 30, 2018. In this role,
Rice will have day-to-day leadership and oversight of the PBM
business including sales and account management, operations, mail
service pharmacy and specialty pharmacy. Rice will also focus on
driving PBM strategy, new business development and client
relationship management and retention.
"Our PBM clients and the members they serve are asking for
innovation, especially around value-based reimbursement models and
the role pharmacy can play in improving health outcomes and
lowering total health care costs," said Jon
Roberts, chief operating officer of CVS Health. "We believe
Derica is a great addition to our team, and the experience he
brings with regard to innovation in these value-based models in
particular will help us continue to serve our clients' needs while
also developing and delivering innovative solutions and
offerings."
Rice brings to CVS Caremark nearly 30 years of experience as a
health care executive with a strong track record of delivering
results in leadership positions. Rice joins CVS Health from
Eli Lilly and Company where he most recently served as executive
vice president of global services and chief financial officer.
During his 27-year career at Eli Lilly, Rice was a key player in
helping to drive the company's innovation strategy and held
numerous roles in finance and operations, including as chief
financial officer for Lilly Canada,
general manager of Lilly's U.K. affiliate, executive director and
chief financial officer of European operations, and as Eli Lilly's
vice president and controller.
Rice earned his master's degree in business administration from
Indiana University and a bachelor's
degree in electrical engineering from Kettering University.
About CVS Health
CVS Health is a pharmacy innovation
company helping people on their path to better health. Through its
more than 9,800 retail locations, more than 1,100 walk-in medical
clinics, a leading pharmacy benefits manager with more than 94
million plan members, a dedicated senior pharmacy care business
serving more than one million patients per year, expanding
specialty pharmacy services, and a leading stand-alone Medicare
Part D prescription drug plan, the company enables people,
businesses and communities to manage health in more affordable and
effective ways. This unique integrated model increases access to
quality care, delivers better health outcomes and lowers overall
health care costs. Find more information about how CVS Health is
shaping the future of health at https://www.cvshealth.com.
Investor Contact:
Mike
McGuire
(401) 770-4050
Michael.McGuire@CVSHealth.com
Media Contacts:
Christine
Cramer
(401) 770-3317
Christine.Cramer@CVSHealth.com
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SOURCE CVS Health