CVS Health Investor Relations Material
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Q3 2024
Latest reports from CVS Health Corporation
Americas Pharmacy
CVS is a retail pharmacy and healthcare company based in the United States. The company operates a chain of pharmacies and retail stores across the country, offering a wide range of prescription medications, over-the-counter drugs, health and beauty products, and general merchandise. CVS also provides pharmacy benefit management services, mail-order pharmacy services, and operates walk-in healthcare clinics.
The pharmacy side of the business
The pharmacy side of CVS plays a critical role in providing healthcare services to customers. CVS pharmacies offer prescription medications, over-the-counter drugs, and health-related products. Highly trained pharmacists are available to provide guidance, answer questions, and ensure the safe and accurate dispensing of medications. CVS pharmacies also offer additional services like medication counseling and medication adherence programs. They work closely with healthcare providers, insurance companies, and government programs to deliver comprehensive pharmacy services to customers of all ages and health needs.
A retailer and a pharmacy all in one
CVS operates a diverse and expansive retail business, catering to a wide range of customer needs. Their retail stores offer an extensive selection of products, including health and wellness items, personal care products, cosmetics, over-the-counter medications, groceries, household essentials, and seasonal merchandise. The stores are well-organized, making it easy to find desired products, and the stores often feature dedicated sections for specific categories, such as beauty, baby care, and personal wellness. This combination of retail and pharmaceutical services all in one is more or less mirrored in one of their biggest competitors Walgreens.
Healthcare services
In addition to its retail and pharmacy services, CVS offers a range of healthcare offerings to customers. CVS pharmacies provide immunization and vaccination services, including flu shots, vaccines for preventable diseases, and specialized immunizations for specific populations. The suppliers for these vaccines include heavy hitters of the healthcare industry such as Pfizer. They also offer health checks and screenings for various conditions, such as high cholesterol, abnormal blood pressure, and diabetes. CVS's walk-in clinics, known as MinuteClinics, provide accessible and affordable healthcare services for minor illnesses, injuries, vaccinations, and general wellness needs. These services are staffed by qualified healthcare professionals, such as nurse practitioners and physician assistants, who can diagnose, treat, and provide preventive care recommendations to patients.