Cvs news and trends

CVS Unveils AI-Powered App in New Digital-First Strategy
Healthcare // February 12, 2025

Digital personalization in the healthcare industry is critical to elevate the customer experience. In keeping with that theme, CVS Health CEO David Joyner identified advancing digital strategies as one of four priorities for 2025 during the company’s fourth-quarter earnings call Wednesday (Feb. 12). The newly...

PYMNTS 2024: Insights From Innovators, Retailers and Industry Trailblazers
Innovation // December 26, 2024

PYMNTS conducts thousands of interviews a year, some with the usual suspects of banks, card networks and FinTechs that define the financial services space, and some that get a bit outside of that strike zone. Here, we find innovative artificial intelligence companies, retailers and other...

CVS CEO: ‘Lots of Headwinds in This Market’
Earnings // November 06, 2024

CVS Health’s third-quarter earnings results released Wednesday (Nov. 6) reflected the company’s ongoing efforts to adapt to a changing healthcare and retail environment. As it continued to overhaul its operations in response to shifting market dynamics, including the digital transformation of healthcare, CVS faced challenges...

GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement
Legal // November 05, 2024

Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the...

Interviews & Exclusives
CVS Unveils AI-Powered App in New Digital-First Strategy

February 12, 2025
Digital personalization in the healthcare industry is critical to elevate the customer experience. In keeping with that theme, CVS Health CEO David Joyner identified advancing digital strategies as one of four priorities for 2025 during the company’s fourth-quarter earnings call Wednesday (Feb. 12). The newly redesigned CVS Health app will help “drive simplicity and efficiency […]

PYMNTS 2024: Insights From Innovators, Retailers and Industry Trailblazers

December 26, 2024
PYMNTS conducts thousands of interviews a year, some with the usual suspects of banks, card networks and FinTechs that define the financial services space, and some that get a bit...

CVS CEO: ‘Lots of Headwinds in This Market’

November 06, 2024
CVS Health’s third-quarter earnings results released Wednesday (Nov. 6) reflected the company’s ongoing efforts to adapt to a changing healthcare and retail environment. As it continued to overhaul its operations...

Shop and Healthcare Pillars Surge Amid Strategic Shifts, but CE 100 Sees Slight Decline

October 07, 2024
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past...

Quick Reads
CVS Plans Chain of Smaller-Footprint Pharmacy-Focused Stores

March 09, 2025
CVS is reportedly opening 12 smaller-footprint locations focused more on healthcare than consumer products. As The Wall Street Journal (WSJ) reported Sunday (March 9), the new stores will feature full-service pharmacies but limited retail. These stores, the report said, will be — on average — under 5,000 square feet, making them not even half the […]

GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement

November 05, 2024
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express...

CVS Replaces CEO With Caremark President David Joyner

October 18, 2024
CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive,...

CVS Cuts 2,900 Corporate Jobs Amid Hedge Fund Pressure

September 30, 2024
CVS Health is reportedly meeting with a top investor on ways to enhance its business. The pharmacy/healthcare chain was set to meet Monday (Sept. 30) with hedge fund Glenview Capital...