WOONSOCKET, R.I., March 11, 2020 /PRNewswire/ -- CVS Health
(NYSE: CVS) today added five new health and well-being point
solution vendors to its Point Solutions Management service
following a comprehensive clinical, security and business
evaluation process. Point Solutions Management is a
full-service offering that enables CVS Caremark pharmacy benefit
management (PBM) clients to simplify contracting, secure lowest
price and monitor ongoing performance of third-party health care
point solutions, which can help maximize their benefits program
while minimizing associated spend. Newly added point solutions
address health care costs and support clinical outcomes in key
areas, including chronic condition management, musculoskeletal
health, stress reduction and mental health management, and
caregiver support.
"Plan sponsors increasingly see the value in health care point
solutions for improving workforce productivity, satisfaction and
overall well-being, however with so many options on the market, it
can be challenging to identify trusted solutions that best meet the
needs of their members," said Sree
Chaguturu, M.D., Chief Medical Officer, CVS Caremark, the
pharmacy benefit management business of CVS Health. "We have
analyzed pharmacy and medical claims to identify where these
benefits can make a difference and employ a rigorous and
transparent evaluation process to assure that any vendor included
in Point Solutions Management meets high standards for
safety, quality and user experience at the vendor's lowest price in
the marketplace."
More Solutions to Meet Client and Member Needs
Five new
solutions are now available through Point Solutions
Management, in addition to Sleepio, a personalized
digital sleep program from Big Health, which was the first
participating point solution when the service launched as Vendor
Benefits Management in 2019. New point solutions available to
CVS Caremark clients through the service include:
- Hello Heart helps members understand and improve
their heart health. It offers an FDA-approved blood pressure
monitor coupled with an app that tracks blood pressure readings,
weight and physical activity, alerts for out-of-range hypertension,
and has patient-enabled medication adherence reminders.
- Hinge Health, a coach-led digital program for
members with musculoskeletal conditions such as chronic back or
joint pain. Hinge Health combines wearable sensor-guided exercise
therapy with behavioral change through 1-on-1 health coaching and
education to reduce chronic pain, opioid use, and surgeries.
- Livongo (Nasdaq: LVGO), an Applied Health Signals
company, offers an integrated platform and includes diabetes,
hypertension, weight management, and diabetes prevention solutions.
Livongo provides support through personalized coaching and
connected devices including weight scales, blood glucose meters,
and blood pressure monitors to deliver appropriate interventions
and help improve health outcomes.
- Torchlight, a caregiver support solution that
guides families through the complexities of educational, financial,
social, health, and legal demands related to caring for a loved
one, no matter the age, stage, or concern. With a digital platform
and team of expert advisors, Torchlight helps reduce stress and
enhance caregiving outcomes
- Whil, a digital training platform for mindfulness,
stress resilience, mental well-being and performance. It addresses
12 different aspects of wellbeing and performance through
5-minute daily sessions and 250+ mini-courses. Users have access to
2,000+ video and audio sessions on demand, reinforced with ongoing
tips, exercises and articles to improve employee health and
happiness.
Rigorous Vetting, Evaluation and Ongoing Performance
Management
The CVS Health vendor evaluation and selection
process starts with identifying the specific areas of health and
well-being that meet the clinical and cost management priorities of
CVS Caremark clients and where vendor point solutions are most
likely to have a positive impact. Each selected solution then
undergoes a rigorous clinical, data security, and business
evaluation, which includes testing of the end-to-end consumer
experience by a team of CVS Health clinicians. Once solutions are
adopted by payors, the Point Solutions Management service
also provides member eligibility and real-time billing verification
and ongoing performance monitoring.
"As a large employer with a diverse workforce, health care point
solutions are an essential component of our overall benefits
package, but it can be time-consuming and costly to identify,
evaluate and contract individually with each vendor," said
Kristen Brown, Director of Benefits,
JetBlue. "CVS Health's Point Solutions Management helps make
the process easier and more efficient." CVS Caremark client JetBlue
adopted Point Solutions Management in 2019 to help
streamline contracting with point solution vendors and supplement
their medical and pharmacy benefits.
CVS Health will continue to expand Point Solutions
Management to meet growing client and member needs, including
in weight loss, women's health, metabolic health, mental health and
other categories that help to address social determinants of
health.
For plan sponsors interested in learning more about Point
Solutions Management, please visit:
https://payorsolutions.cvshealth.com/point-solutions-management
About CVS Health
CVS Health employees are united
around a common goal of becoming the most consumer-centric health
company in the world. We're evolving based on changing consumer
needs and meeting people where they are, whether that's in the
community at one of our nearly 10,000 local touchpoints, in the
home, or in the palm of their hand. Our newest offerings – from
HealthHUB® locations that are redefining what a pharmacy can be, to
innovative programs that help manage chronic conditions – are
designed to create a higher-quality, simpler and more affordable
experience. Learn more about how we're transforming health at
http://www.cvshealth.com.
Media Contact:
Christina
Beckerman
CVS Health
(401)770-8868
Christina.Beckerman@cvshealth.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cvs-health-expands-point-solutions-management-with-new-health-and-well-being-benefits-and-comprehensive-evaluation-process-301021693.html
SOURCE CVS Health