Improve plan performance with myPBM
Designed with you in mind, bringing simplicity and efficiency to your plan management and client experience
Simple, intuitive, actionable: The myPBM experience
Make faster, smarter decisions with our modular, cloud-based platform. Read our executive summary for a more detailed overview.
As a tech-forward PBM, CVS Caremark is leveraging the latest cloud technology to build a best-in-class client experience with myPBM. Powered by Microsoft Azure, our platform enables you to improve plan performance in three key ways:
1. Boost speed, accuracy, and efficiency
- Streamline, automate, and simplify key plan management processes
- Faster implementation of plan changes in hours, not months, with new levels of accuracy
- Flexible solutions to meet you where you are, from self-service options to guided support
- One single, trusted source of truth across all contracted services through CVS Caremark
- Access to reliable, real-time information when you need it
- Powerful analysis and reporting through centralized data hubs
3. Transform strategy and drive business growth
- Intelligence-driven insights through myPBM enable better decisions
- From plan setup and administration to implementation and beyond – identifying trends and opportunities for optimization
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Simple, efficient management with our platform, myPBM
CVS Caremark
Pharmacy benefits can be complex for plan sponsors to manage and use PBM clients need
Efficiency
Accuracy
visibility to make benefits more competitive and easier to manage.
Our innovative platform, myPBM makes this a reality.
It gives plan sponsors the ability to transform their strategy, at their fingertips.
myPBM is a proprietary software that's fully developed in-house by CVS Caremark.
It's a modular, cloud-based technology that allows us to really differentiate ourselves in how we set up and administer your plan, not only at the point of implementation, but also in an ongoing basis. We've invested in tools and technology like myPBM, where we can work with you in a manner which is most comfortable and convenient for you to provide the requirements and the plans and the programs that you want and expect from CVS Caremark, and our commitment is that we're going to continue to innovate and make the investments required to service you better than anybody else in the industry.
CVS Caremark
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The results are strong:
50% reduction in turnaround times for client plan requirements and benefits
CVS Caremark delivers value and meaningful results as your strategic partner, now with more insight and connectivity through myPBM. Showing our commitment to innovation, myPBM will continue to evolve with more capabilities that help you stay ahead of the market and best manage your pharmacy benefits.
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The myPBM experience
Let's see myPBM in action, our cloud-based platform where clients will be able to manage all contracted services with CVS Caremark.
Right from the homepage, clients can access the formulary search tool to view the drug placement or tier for a selected formulary.
At the bottom, we have links to more resources, including the Global Document Management System, a centralized location for all your documents that enables quick digital sign-off.
As part of our guided implementation process, you can review clinical requirements, benefits requirements, and eligibility requirements.
After implementation, check out plan management metrics on your myPBM dashboard.
Want deeper insights into performance?
The reporting tab offers easy access to information when you need it, with greater autonomy and visibility.
myPBM will evolve with additional capabilities that will help you optimize strategy and make management easier.
Optimizing your strategy
Making management easier with myPBM
CVS Caremark
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