CVS Minute Clinics Group Essay

CVS Minute Clinics Group Essay - Running head CVS CAREMARK...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Running head: CVS CAREMARK CORPORATION CVS Caremark Corporation Team 1 Members: Farishta Yawary Mirlande Jean-Pierre Talisha Cayemite Ratha Kulasingam Urbana University BSG 503 June 24, 2016 Prof.: Dr. Daniel Jacob
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
CVS Caremark Corporation 2 CVS Caremark Corporation has become the leading pharmacy healthcare provider throughout the United States. Not all healthcare is limited to only pharmaceutical needs with this drugstore chain. CVS has expanded its healthcare corporation with additions of in-house clinics as well. This one-stop-shop offers prescription medication, over-the-counter medication, retail “minute-clinics”, mail order prescriptions, and has become one of the leading providers of senior prescriptions utilized with Medicare Part D insurance plans (CVS Caremark Corp., 2015). With over 65,000 pharmacies, most of them operating 24 hours a day, and more than 1,100 walk-in medical clinics, CVS has become the best available service for patients and customers nationwide (CVS Caremark Corp., 2015). CVS is divided into three business segments: Pharmacy Services, Retail Pharmacy, and corporate segment (CVS Caremark Corp., 2015). Within each division, the Retail Pharmacy and Pharmacy services has accumulated approximately 50% of total sales. What does each segment offer? Pharmacy Services segment includes mail order and specialty pharmaceutical services, discounted rx prescriptions, Medicare Part D services, clinical services, as well as pharmacogenomics (Buob, 2012). This segment specializes with employers, unions, insurance companies, managed care organizations, and government employee groups (Buob, 2012). With each regard, CVS further branches it’s services under specialized names to better serve each client at it’s best potential manner (CVS Caremark Corp., 2015). The second leading segment known as Retail Pharmacy, includes the sale of prescription drugs, over-the-counter medications, greeting cards, beauty products/cosmetics, produce, convenience foods, and other seasonal merchandise, to
Image of page 2
CVS Caremark Corporation 3 name a few (CVS Caremark Corp., 2015). In addition to the retail pharmacy segment is the newly developed health care service known as the in-house MinuteClinics. These Clinics are often driven by Healthcare Providers known as Nurse Practitioners and Physician Assistants. Although set to minor cases, these clinics can help diagnose and treat minor health conditions and offers varying health screenings and vaccinations for all clinical cases (CVS Caremark Corp., 2015). The addition of the simply available in-house clinic increases the sales within this CVS business segment. Corporate Segment of CVS Caremark Corporation focuses on providing management and administrative services to better support the overall stability and practices of the company. These services are limited to corporate relations, human resources, legal, information technology, finance activities, and compliance departments (CVS Caremark Corp. 2015). This segment by no means contributes to any revenue or sales of the company’s income statement (Buob, 2012).
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern