Cvs Health news and trends

CVS Pharmacy Debuts Well Market Brand as Retailers Expand Private-Label Items
Retail // May 16, 2024

CVS Pharmacy, the retail division of CVS Health, launched a new store brand for snacks, beverages and groceries. The new Well Market brand features nutrition options, bold flavors, recyclable packaging and selections that meet specific dietary needs, the company said in a Thursday (May 16) press release. Forty products were...

CVS Q1 Earnings Take A Hit From Insurance Venture
Earnings // May 01, 2024

The volatile consumer healthcare sector showed up big in CVS’ Q1 earnings Wednesday (May 1), with solid revenue from its store operations but a warning about revenue projections due to its foray into the insurance sector.  By the numbers, CVS Health reported first-quarter revenues of approximately $88...

Convey Chooses Aetna Vet Dan Finke for CEO Job
Personnel // January 29, 2024

Healthcare technology firm Convey Health Solutions has named a new chief executive. Dan Finke, who most recently served as executive vice president of CVS Health and president of Aetna, was appointed Monday (Jan. 29) to head Florida-based Convey. He succeeds Stephen Farrell, who is leaving the company after more than a...

CVS Loyalty Chief Says Program Overhaul Driven by Consumer Desire to Keep It Simple
Loyalty & Rewards // January 22, 2024

Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the proliferation of multiple loyalty programs can complicate the consumer experience and pose challenges for both...

Interviews & Exclusives
CVS Loyalty Chief Says Program Overhaul Driven by Consumer Desire to Keep It Simple

January 22, 2024
Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the proliferation of multiple loyalty programs can complicate the consumer experience and pose challenges for both customers and retailers.  CVS Pharmacy, the retail division of CVS Health, […]

Quick Reads
CVS: Growing Digital Reach Contributes to Revenue Growth

August 07, 2024
CVS Health grew its revenues by 2.6% in the second quarter, crediting this year-over-year improvement in part to its growing number of digital customers, its offering of biosimilar prescriptions and its closure of underperforming stores. “We extended our digital reach with nearly 60 million unique digital customers utilizing our platform to schedule health services appointments, […]

CVS Pharmacy Debuts Well Market Brand as Retailers Expand Private-Label Items

May 16, 2024
CVS Pharmacy, the retail division of CVS Health, launched a new store brand for snacks, beverages and groceries. The new Well Market brand features nutrition options, bold flavors, recyclable packaging and selections that meet...

Convey Chooses Aetna Vet Dan Finke for CEO Job

January 29, 2024
Healthcare technology firm Convey Health Solutions has named a new chief executive. Dan Finke, who most recently served as executive vice president of CVS Health and president of Aetna, was appointed Monday (Jan. 29) to...

CVS Expects 4th Quarter Medical Costs to Exceed 86% of Premiums

January 08, 2024
CVS Health is warning that its fourth-quarter medical costs may be higher than anticipated. The pharmacy and health insurance company’s finance chief said at a conference Monday (Jan. 8) that...