CVS Caremark partners with Generation Health
NEW YORK Whether it is through its Maintenance Choice program, the MinuteClinic business or its ExtraCare Health card offering, CVS Caremark has been loud and clear in its mission to lower healthcare costs and improve patient outcomes. Now, the pharmacy healthcare provider is going one step further through a new partnership with Generation Health.
This partnership undoubtedly bolsters CVS Caremark’s service offerings and comes as the company is working to retool its messaging to focus more on the total integrated offering and the savings the it can deliver payers, compared with focusing too much on retail.
Generation Health is a genetic benefit management company so the collaboration enables CVS Caremark to expand its pharmacogenomic clinical and testing services for its PBM clients. Through the use of genetic testing, there will be greater precision to client prescription management, which, in turn, is expected to improve individual health outcomes and reduce overall medical costs.
Furthermore, the alliance opens the door for the testing of certain hereditary diseases, and the elimination of unnecessary testing where evidence for clinical validity and utility is lacking. This is obviously an area that CVS Caremark believes is extremely important and will enhance its PBM offering as the company didn’t just form a partnership with Generation Health but has actually made a minority equity investment in the company. And Troyen Brennan, M.D., EVP and chief medical officer of CVS Caremark, will sit on Generation Health’s board of directors.
Sanofi Pasteur releases data on H1N1 vaccine
SWIFTWATER, Pa. Sanofi Pasteur, the vaccines division of the Sanofi-Aventis Group, on Wednesday announced the final analyses of data from clinical trials of the U.S. licensed influenza A(H1N1) 2009 monovalent vaccine in adults and children.
The data confirm the immunogenicity and safety profile of the vaccine, with no serious vaccine-related adverse events reported during the 42 days of follow-up in the two trials.
“These are extremely important data,” stated Wayne Pisano, president and CEO of Sanofi Pasteur, “because they once again make clear not only the immunogenicity of the influenza A(H1N1) 2009 monovalent vaccine manufactured by Sanofi Pasteur, but also the fact that this vaccine has a safety profile similar to that typically observed with seasonal influenza vaccine in all age groups studied.”
The trials also confirm that one dose of influenza A(H1N1) 2009 monovalent vaccine induces a robust antibody response in adults — but two doses of vaccine are needed to assure a robust antibody response in children 9 years of age and younger. The two-dose regimen for these younger children is similar to the recommendations for seasonal influenza immunization in this age group.
CVS Caremark, NCOA kick off Medicare Part D educational events
WOONSOCKET, R.I. CVS Caremark and the National Council on Aging announced on Thursday the kick-off of Medicare Part D educational events in an effort to urge older adults and their caregivers to review their Medicare Part D options to find the lowest cost plan to meet their needs.
“Plan review can seem cumbersome, but completing a plan comparison each year is an essential step toward saving,” stated Mitch Betses, VP retail pharmacy operations at CVS Caremark. “Tools like the Medicare Part D Calculator are designed to simplify the process to help older adults and their caregivers select a plan that provides them with the greatest value and peace of mind.”
A CVS/pharmacy analysis of more than 10,000 older Americans using the Medicare Part D Savings Calculator last year revealed plan participants could save an average of $612 in annual drug costs by just switching to their optimal Medicare Part D plan.
CVS/pharmacy is launching a campaign to assist seniors and their caregivers realize savings on 2010 prescription costs through education and assistance on plan comparison. Starting Thursday, CVS/pharmacy and the NCOA are offering Medicare Part D educational events throughout the annual enrollment period at senior centers nationwide. They are urging patients to consider the Three C’s when evaluating plans: Cost, Coverage and Convenience.
Customers can also go online at CVS.com/medicare to use the free Medicare Part D Savings Calculator. In addition, CVS pharmacists are available throughout the enrollment period to provide plan comparison in stores for those who would like assistance.