CVS to Work on Education and Outreach Efforts to Medicare Beneficiaries
July 06 2005 - 8:59AM
PR Newswire (US)
CVS to Work on Education and Outreach Efforts to Medicare
Beneficiaries Nation's Largest Retail Drugstore Will Participate in
UnitedHealth Group's Medicare Pharmacy Drug Benefit Network
WOONSOCKET, R.I., July 6 /PRNewswire-FirstCall/ -- CVS Corporation
(NYSE: CVS), parent of America's largest retail drugstore,
CVS/pharmacy, announced today that the company will partner with
UnitedHealth Group (NYSE:UNH) to help Medicare beneficiaries
understand how the new Medicare prescription drug program (Part D)
can provide significant savings on prescription medications. "Our
mission is to make it easier for Medicare beneficiaries to
understand the new Medicare prescription drug program and how to
use the benefit most effectively. UnitedHealth Group shares our
commitment and will be a key ally in our effort to provide Medicare
beneficiaries with educational materials that are consumer friendly
and easy to use," said Tom Ryan, Chairman, President and CEO of CVS
Corporation. In addition to its work with UnitedHealth Group on
education and community outreach efforts, CVS, through its
CVS/pharmacy stores and its PharmaCare subsidiary mail-order
facilities, will provide prescription services to UnitedHealth
Medicare plan participants. Earlier this year UnitedHealth Group,
through its Ovations business segment, announced that the company
would provide Part D offerings in all 50 states, the District of
Columbia and U.S. territories. Medicare beneficiaries who receive
Part D drug coverage through UnitedHealth Group will be able to
maintain 30 and 90-day prescriptions through CVS. "We appreciate
the opportunity to work with CVS," commented Tom Paul, President of
Ovations Pharmacy Solutions. "The company has an outstanding
reputation for quality and customer service and offers the largest
network of retail drugstores in the nation. We recognize the
important role that community pharmacies will play in helping
consumers understand the new Medicare drug benefit." About CVS
Corporation CVS is America's #1 retail pharmacy, operating more
than 5,400 retail and specialty pharmacy stores in 36 states and
the District of Columbia. With more than 40 years of dynamic growth
in the retail pharmacy industry, CVS is committed to being the
easiest pharmacy retailer for customers to use. CVS has created
innovative approaches to serve the healthcare needs of all
customers through its CVS/pharmacy stores; its online pharmacy,
CVS.com; and its pharmacy benefit management, mail order and
specialty pharmacy subsidiary, PharmaCare Management Services.
General information about CVS is available through the Investor
Relations portion of the Company's website, at
http://investor.cvs.com/, as well as through the pressroom portion
of the Company's website, at http://www.cvs.com/pressroom. About
Ovations Ovations is the largest U.S. business dedicated to serving
the health and well-being needs of people age 50 and older. It is
the only company that participates in the Medicare program on a
national basis, and across the full spectrum of Medicare products.
Ovations provides Medicare Advantage products, Medicare supplement
insurance, hospital indemnity coverage, pharmacy services and
individualized care services for elderly, vulnerable and
chronically ill individuals. About UnitedHealth Group UnitedHealth
Group is a diversified health and well-being company dedicated to
making health care work better. Headquartered in Minneapolis,
Minn., UnitedHealth Group offers a broad spectrum of products and
services through six operating businesses: UnitedHealth, Ovations,
AmeriChoice, Uniprise, Specialized Care Services and Ingenix.
Through its family of businesses, UnitedHealth Group serves
approximately 55 million individuals nationwide. Media Contact:
Eileen Howard Dunn VP, Corporate Communications CVS/pharmacy (401)
770-4561 Investor Relations Contact: Nancy Christal VP, Investor
Relations CVS Corporation (914) 722-4704 DATASOURCE: CVS
Corporation CONTACT: Eileen Howard Dunn, VP, Corporate
Communications, +1-401-770-4561, or Nancy Christal, VP, Investor
Relations, +1-914-722-4704, both of CVS Corporation Web site:
http://www.cvs.com/ http://investor.cvs.com/
http://www.cvs.com/pressroom
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