![]() Our front store sales grew more than 9%, driven by strength in consumer health sales, including strong COVID over-the-counter tests and sales of cough, cold and flu products. We delivered over 6% revenue growth versus the prior year and $1.9 billion in adjusted operating income. In the Retail/LTC segment, our deep customer relationships, high-quality patient interactions, resilient supply chain and agile operating model all contributed to the strong quarterly performance. We are a leader in specialty pharmacy with programs that drive value in the marketplace, provide substantive savings to customers and differentiate us as we pair programs with digital assets. Specialty pharmacy revenue was up nearly 21% year-over-year. In Pharmacy Services, revenue grew nearly 12% compared to the prior year and delivered adjusted operating income of $1.9 billion. We generated membership growth across all product lines versus the prior year. We had a strong quarter in Health Care Benefits with revenue growth of nearly 11% year-over-year and adjusted operating income of $1.8 billion. SG: Our impressive second quarter performance reflects strong results and continued positive momentum across all of our core businesses. ![]() We help people navigate the health care system-and their personal health care-by improving access, lowering costs and being a trusted partner for every meaningful moment of health.ĪA: CVS Health recently reported strong second quarter results-total revenues increased 11% compared to the prior year-and raised its guidance for 2022 full-year earnings per share and cash flow. We are constantly enhancing our broad array of offerings to help people with their health wherever and whenever they need us. Our community touchpoints offer prescription fulfillment services, patient care programs, health care services through walk-in medical clinics, medical diagnostic testing, vaccination administration, and pharmacy services to long-term care facilities. In the Retail/LTC segment, we operate over 9,000 local touchpoints offering a wide assortment of health and wellness products and general merchandise, and annually serve over 5 million long-term care patients. The Pharmacy Services Segment provides a full range of pharmacy benefit management solutions to employers, health plans, government employee groups and government sponsored programs. The Health Care Benefits segment offers a range of insured and self-insured medical, pharmacy, dental and behavioral health products and services. Shawn Guertin: Our foundational business primarily comprises three distinct, but increasingly integrated segments-Health Care Benefits, Pharmacy Services and Retail/Long-Term Care. Please tell us about the company’s holdings beyond the retail drug stores that everyone is familiar with. ~4.8 million consumers visit CVS Health locations dailyġ0% dividend increase beginning in February 2022Īdvisor Access spoke with CVS Health’s Executive Vice President and Chief Financial Officer Shawn Guertin.Ĭlick Here to Read the Entire Article OnlineĪdvisor Access: CVS Health is a large, diversified healthcare company, #4 on the Fortune 500 list. ~134 million members with Aetna and Caremark ~74 million COVID-19 vaccines and ~55 million COVID-19 tests administered based on total prescription revenue in 2021ĩ,000+ retail locations with more than 1,100 walk-in clinics ![]() Market cap of ~$130 billion as of September 2022 ![]() Ranked #4 on the 2022 Forbes list published in June The company recently announced a definitive agreement under which CVS Health will acquire Signify Health, a leader in health risk assessments, value-based care and provider enablement. The company touches millions of lives with in-home, in-store and virtual care services and is building on existing relationships to deliver personalized care in a seamless, full-circle way. 04, 2022 (GLOBE NEWSWIRE) - CVS Health (NYSE: CVS) is the leading health solutions company that helps people navigate the health care system-and their personal health care-by improving access, lowering costs and being a trusted health partner. Providing Consumer-Focused and Digitally Enabled Health Care
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