CVS Pharmacy, OptumRx partner for new network pharmacy solution
WOONSOCKET, R.I. and CHICAGO — CVS Pharmacy and OptumRx are joining forces to utilize complementary capabilities in an effort to provide greater convenience and value to clients and consumers.
Combined, CVS Pharmacy, the retail division of CVS Health and OptumRx, UnitedHealth Group’s free-standing pharmacy care services business, will offer employers a new pharmacy network solution that:
Provides eligible OptumRx members the option to fill 90-day prescriptions at prices equal to home delivery copay levels at CVS locations nationwide or through OptumRx home delivery;
Increases consumer engagement and improves health outcomes through the combination of OptumRx’s leading pharmacy and clinical solutions with CVS Pharmacy’s leading in-store health and wellness capabilities; and
Enables OptumRx and CVS Pharmacy to leverage a shared pharmacy platform to develop new pharmacy and health solutions for clients and consumers.
“We are very pleased to announce that we will be partnering with OptumRx, which will allow us to explore innovative ways of helping patients on their path to better health,” said Helena Foulkes, president of Woonsocket-based CVS Pharmacy. “This strategic relationship will enhance patients’ access to care, lower costs, and improve health outcomes through our unmatched clinical capabilities delivered by our 27,000 retail pharmacists nationwide.”
The long-term relationship will improve health outcomes and lower costs beyond the pharmacy, the companies stated. They expect the solution to be available to OptumRx commercial clients implementing 90-day prescription benefit designs, beginning July 1.
“Our new strategic relationship with CVS Pharmacy will benefit our clients and consumers by improving access to medications, driving better health outcomes, and reducing costs,” said Mark Thierer, CEO of Chicago-based OptumRx. “By deepening our relationship, we can develop innovations that further modernize and enhance pharmacy care.”