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US$ 36.7 billion (2006) Number of employees. 13,628 (2005) Parent. CVS Health. Website. www .caremark .com. CVS Caremark (formerly Caremark Rx) (stylized as CVScaremark, previously CVS / caremark) is the pharmacy benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island .
CVS Health Corporation. CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world's second largest healthcare company, behind UnitedHealth Group.
Pharmacy benefit management. In the United States, a pharmacy benefit manager ( PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. [ 1][ 2] PBMs operate inside of ...
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CVS Caremark has been aggressively trying to grow its pharmacy-benefits-management business after suffering from some major setbacks in 2009-2010. High-profile contracts from CalPERS, Medco Health ...
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He began working for CVS in 1978 as an in-store pharmacist. [2] He was its CEO from 1998 to 2011. [3] While CEO of CVS Caremark in 2009, he earned a total compensation of $16,231,292, which included a base salary of $1,400,000, a cash bonus of $3,512,526, stocks granted of $6,425,007, and options granted of $4,625,000.