CVS Health Corp
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Health Care : Health Care Providers & Services | Large Cap Value
Company profile

CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. The Company provides pharmacy care for the senior community through Omnicare, Inc. (Omnicare) and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings. It operates through three segments: Pharmacy Services, Retail/LTC and Corporate. The Pharmacy Services Segment provides a range of pharmacy benefit management (PBM) solutions to its clients. As of December 31, 2016, the Retail/LTC Segment included 9,709 retail locations (of which 7,980 were its stores that operated a pharmacy and 1,674 were its pharmacies located within Target Corporation (Target) stores), its online retail pharmacy Websites, CVS.com, Navarro.com and Onofre.com.br, 38 onsite pharmacy stores, its long-term care pharmacy operations and its retail healthcare clinics.

Price
Delayed
$63.92
Day's Change
0.9813 (1.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
64.17
Day's Low
63.02
Volume
(Below Average)

Today's volume of 3,878,133 shares is on pace to be lower than CVS's 10-day average volume of 6,080,954 shares.

3,878,133

CVS Health Helps Americans Return to Worksites and Campuses with Comprehensive COVID-19 Testing Solution

8:00 am ET June 24, 2020 (PR Newswire) Print

CVS Health (NYSE: CVS) today announced the launch of Return Ready(TM), a comprehensive, customizable COVID-19 testing solution for employers and universities. The solution helps return employees to worksites and students, faculty and staff to campuses, and integrates COVID-19 testing for ongoing business continuity. With flexible technology options for on-site testing and/or drive-thru testing at CVS Pharmacy locations, organizations can design a customized testing strategy to meet their unique needs. Return Ready builds on CVS Health's commitment to helping the country on its path forward by making COVID-19 testing available to consumers, the business community, universities and vulnerable populations impacted by the virus.

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At the core of the end-to-end solution is a customized COVID-19 testing strategy guided by clinical consultation that allows organizations to choose who, how, where, and when to test employees or students. The solution also includes:

-- Clinician-informed protocols and guidance for symptom checking and temperature screenings;

-- On-site licensed professionals for COVID-19 testing and support;

-- Turnkey employee and student communications toolkit;

-- Digital tools for test scheduling and sharing of results;

-- Integrated reporting and analytics across testing locations;

-- On-site immunization clinic with Centers for Disease Control and Prevention-recommended vaccination services, such as the seasonal flu vaccine; and

-- Access to add-on solutions such as thermal scanners, digital symptom monitoring and contact tracing technology.

"Organizations can rely on our customizable return to worksite and campus solution, which will evolve and adapt to include the latest COVID-19 testing technology and clinical protocols to meet their specific population health management needs," said Troyen Brennan, MD, MPH, Chief Medical Officer and Executive Vice President, CVS Health. "Return Ready is one more way that we're increasing access to COVID-19 testing options whether in the local community at CVS Pharmacy locations or where people work and study."

How Return Ready testing worksReturn Ready offers organizations clinical consultation, end-to-end testing execution, integrated reporting and additional health and safety solutions to help reduce COVID-19 transmission. The testing technology options include point-of-care testing with results in a few minutes or third-party lab processed testing with results in a few days. The organization can choose to offer testing on-site - and in a safe testing environment set up by CVS Health - or in the local community at one of the CVS Pharmacy drive-thru testing locations - which are anticipated to reach 1,400 sites by the end of the week. For example, some organizations with high-density populations working in close proximity that need rapid results may choose on-site, point-of-care testing overseen by licensed CVS Health professionals to receive immediate alerts of positive results for contact tracing. Others may prefer lab-processed tests, with results in a few days, conducted either on-site or at a nearby CVS Pharmacy testing location, which enables organizations to test a large number of individuals quickly and/or ensures convenience for those with a distributed workforce. Many organizations may choose a combination of both testing options, and the testing protocols will vary based on the organization's physical worksite environment and COVID-19 risk and exposure.

Return Ready also includes an analytics dashboard for ongoing oversight and trends across worksite location(s), along with state and federal reporting of test results, as required. The company's testing protocols are informed by the latest technology and science, giving organizations the ability to continually access emerging testing solutions and protocols. Return Ready is available to U.S. employers and universities, and in addition, CVS Health will implement the solution for its own employees.

CVS Health's commitment to COVID-19 testing Return Ready builds on CVS Health's leadership in responding to the pandemic that began with its very first COVID-19 testing site in March. Now, through its extensive presence in communities across the country, and clinical, operational, and technological expertise, CVS Health is improving access to COVID-19 testing and helping people manage pandemic-related health challenges. This includes a focus on testing in underserved and vulnerable communities that have been disproportionately affected by the pandemic, as well as solutions that increase testing for patients and staff in nursing homes and rehab facilities.

For more information on Return Ready, visit https://cvshealth.com/returnready. In addition, learn more about the steps that CVS Health is taking to address the COVID-19 pandemic at the company's frequently updated COVID-19 resource center.

About CVS HealthCVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings - from HealthHUB(R) locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions - are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at www.cvshealth.com.

Media Contact:Christina BeckermanCVS Health401-479-6570christina.beckerman@cvshealth.com

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View original content to download multimedia:http://www.prnewswire.com/news-releases/cvs-health-helps-americans-return-to-worksites-and-campuses-with-comprehensive-covid-19-testing-solution-301082364.html

SOURCE CVS Health

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