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MinuteClinic is a division of CVS Health (NYSE: CVS) that provides retail clinic services. [2] MinuteClinic was initially started as QuickMedx [3] by Dr. Douglas Smith and his patient Rick Krieger, along with Stephen Pontius in Minneapolis, Minnesota. MinuteClinic has more than 1,100 locations in 33 states and the District of Columbia.
CVS Specialty is the specialty pharmacy division that provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies. CVS Health operate 24 retail specialty pharmacy stores and 11 specialty mail order pharmacies, making them the largest specialty pharmacy in the United States.
The new pharmacy services business, including the combined pharmacy benefits management (PBM), specialty pharmacy, and disease management businesses, is headquartered in Nashville, Tennessee. The new CVS Caremark Corporation is expected to achieve about $75 billion in yearly revenue for 2007. The merger was formally completed on March 22, 2007 ...
In August 2008, CVS Caremark purchased Longs Drugs Stores for $2.7 billion. [ 12 ] In 2009, CVS Caremark agreed to pay $2.25 million to settle alleged unfair trade practices and alleged violations of the privacy protections under the Health Insurance Portability and Accountability Act of 1996 . [ 13 ]
The specialty pharmacy business had $20 billion in sales in 2005. By 2014 it had grown to "$78 billion in sales". [5] In Canada by 2013 "specialty drugs made up less than 1.3 percent of all Canadian prescriptions, but accounted for 24 percent of Canada's total spending on prescription drugs". [52]
Upon receival, the pharmacy staff first verify or update the patient's profile in the pharmacy computer system. The profile includes the patient's name, date of birth, address, phone number, insurance , allergies , conditions, etc., all factors that help ensure the correct patient receives the correct and appropriate medication in a safe manner.
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