CVS Health Corporation provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. The Pharmacy Services segment offers pharmacy benefit management services, Medicare Part D services, mail order and specialty pharmacy services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services. This segment serves employers, insurance companies, unions, government employee groups, health plans, managed Medicaid plans and plans offered on public and private organizations. The Retail Pharmacy segment sells prescription drugs, over-the-counter drugs, beauty
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Their Mission statement is to provide expert care and innovation solutions in pharmacy solutions in pharmacy and health care that are effective and easy of customers. Their values are accountability, respect, integrity, openness and teamwork. (US Biz, 2015; Health, …show more content…
Walgreens also has its own PBM, Walgreens Health Services, making it the most comparable to CVS in terms of what both businesses offer. CVS also competes for market share with discount stores; particularly Wal-Mart. Wal-Mart which is a retail discount giant has a smaller presence in the prescription drug market but has a huge advantage against CVS in front store sales. Its large gains in market share for both prescription drugs and front store sales are likely reflective of decreasing consumer spending in the face of the economic downturn. CVS Health other rival competitors include:
Rite Aid
MedcoHealth
Express Scripts
Other discount stores, food/drug combo stores, mail service prescription services, Internet drugstores, PBMs, and other various sellers of retail and prescription merchandise. (US Biz, 2015)
Key Products
For more than 50 years CVS pharmacy has offered customers the goods and services they need to stay on their path to better health. In accumulation to their pharmacies, CVS features on trend beauty departments, photo labs and general merchandise. CVS/minute clinic offers convenient access to care with nearly 1000 locations. Their nurse practitioners diagnose illnesses and injuries and skin conditions and provide a variety of wellness services, including vaccinations, physicals and chronic conditions monitoring. In addition to filling specialty prescriptions they provide the tools and services patients need.
Their Mission statement is to provide expert care and innovation solutions in pharmacy solutions in pharmacy and health care that are effective and easy of customers. Their values are accountability, respect, integrity, openness and teamwork. (US Biz, 2015; Health, …show more content…
Walgreens also has its own PBM, Walgreens Health Services, making it the most comparable to CVS in terms of what both businesses offer. CVS also competes for market share with discount stores; particularly Wal-Mart. Wal-Mart which is a retail discount giant has a smaller presence in the prescription drug market but has a huge advantage against CVS in front store sales. Its large gains in market share for both prescription drugs and front store sales are likely reflective of decreasing consumer spending in the face of the economic downturn. CVS Health other rival competitors include:
Rite Aid
MedcoHealth
Express Scripts
Other discount stores, food/drug combo stores, mail service prescription services, Internet drugstores, PBMs, and other various sellers of retail and prescription merchandise. (US Biz, 2015)
Key Products
For more than 50 years CVS pharmacy has offered customers the goods and services they need to stay on their path to better health. In accumulation to their pharmacies, CVS features on trend beauty departments, photo labs and general merchandise. CVS/minute clinic offers convenient access to care with nearly 1000 locations. Their nurse practitioners diagnose illnesses and injuries and skin conditions and provide a variety of wellness services, including vaccinations, physicals and chronic conditions monitoring. In addition to filling specialty prescriptions they provide the tools and services patients need.