CVS Health Advances Transparent Retail Pharmacy with CVS CostVantage
Slice of Healthcare Team
Jan 08, 2025
Key Highlights
- CVS Health launches CVS CostVantage to transform retail pharmacy reimbursement with clarity and sustainability.
- Simplified pricing model based on the drug's cost, defined markup, and dispensing fee.
- Advances transparency for PBMs and payors while supporting plan sponsors and patients.
- Potential expansion to Medicare and Medicaid prescriptions in the future.
Source: Direct
Notable Quote
“ Delivering on our commitment to transform the pharmacy model, we successfully led the way forward, contracting with pharmacy benefit managers and other payors to advance a more transparent approach to reimbursement for the prescriptions we dispense and the services we provide. ”
Prem Shah, Group President at CVS Health
