At CVS Caremark, we’re leading the market by bringing innovative, transparent solutions to the pharmacy benefit space. We’re committed to peeling back the layers to help clients and their members understand what things cost, while providing the tools that empower them to make better decisions.
Our transparency goals
- Strive to be clear, transparent, proactive and accountable in our interactions with clients and members.
- Offer clients broader visibility into the components of drug pricing, rebates and plan management, clearly showing what things cost and ensuring pricing is fair and transparent.
- Provide our clients and their members with the tools, insights and proactive communications they need to make well-informed decisions and achieve the best outcomes.
Pharmacy benefits can be confusing. For decades, the industry has used a system where drug discounts are averaged together. This makes it hard to see what drugs actually cost. It also makes it challenging to predict future costs. These outdated pricing methods lack transparency and can be frustrating for pharmacies, clients and their members.
Tools that provide visibility into costs and power better decision-making
We’re pro-transparency, providing the reports, dashboards and insights clients need to understand where their health care dollars are going and make informed decisions.
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CVS Caremark TrueCost®
Unmasks drug-level pricing by providing greater visibility with acquisition-cost based pricing guarantees to guide strategic decision-making.
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Point-of-sale (POS) rebates
Passes on 99%+ of rebates directly to clients who use rebates to lower overall insurance costs.
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myPBM
Gives clients access to data and insights to help better understand trends, make cost-saving decisions, optimize plan performance and achieve better outcomes.
We’re pro-member, providing tools that show what things cost, help them take control of their health and experience better health outcomes.
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Real-Time Benefits
Gives prescribers and pharmacists up-to-the-minute, member-specific plan information (inclusive of formulary changes) and visibility to lower-cost alternatives.
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Caremark Cost Saver®1
Provides the best available prices for many commonly prescribed, non-specialty generic drugs.
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Check Drug Cost tool
Allows members to cross-reference lower-cost, clinically appropriate alternatives to more expensive medications – and compare mail order and in-store pickup costs.
Unmasking true costs: Exploring the role of transparency in pharmacy benefit management
Interested in learning more about our transparency solutions?
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