CVS Caremark Launches Program to Help Pharmacy Benefit Management Clients Improve Diabetes Care
WOONSOCKET, R.I., May 11, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) today announced the launch of a new program aimed at strengthening pharmacy care for diabetes patients by improving member engagement through enhanced interactions with their pharmacists. The program is being offered to the company's pharmacy benefit management (PBM) clients for implementation in 2011 based on positive results from a recently completed pilot. In addition to achieving significant improvements in medication adherence rates and closing gaps in care, preliminary data also suggests the program can save employers on their health care benefit costs, with an estimated annual savings of nearly $600 per member with diabetes. In general, a client with 50,000 employees whose population has an average prevalence of diabetes could save approximately $3.3 million a year, or up to $6 million a year if there is a high prevalence of the disease.
The six-month pilot of the Pharmacy Advisor(TM) program was conducted in partnership with a large global steel company in which participating members with diabetes achieved significant improvements in closing gaps in care and medication adherence rates. The pilot program used a multi-step process to identify and counsel members about gaps in care and adherence issues. Results demonstrated that this process closed a significantly higher number of gaps in care compared to a control group who were not counseled (58 percent and 90 percent higher for phone and face-to-face counseling, respectively). In addition, members receiving counseling were more likely to be adherent in every targeted medication class.
"Diabetes is one of the most prevalent and expensive chronic diseases in the nation, costing the U.S. an estimated $174 billion a year," said Troyen Brennan, MD, MPH, EVP and Chief Medical Officer of CVS Caremark. "The Pharmacy Advisor program improves clinical care because we are able to identify and address pharmacy-related care issues that if left unattended could result in disease progression and increased health carecosts. We are also better able to engage the member in their care through multiple contact points, providing counsel that can improve adherence and help members optimize their pharmacy benefit and find the most cost effective options."
The Pharmacy Advisor program integrates the benefits of the PBM and the retail pharmacy to improve pharmacy care. The program applies industry-leading health information technology to identify members who are being treated for diabetes and engages them with highly targeted counseling and support through the channels they choose. Member outreach includes educational information, pharmacist-initiated phone calls, or face-to-face counseling with a pharmacist at a local CVS/pharmacy. In addition, evidence-based protocols are applied to review the member's current treatment and determine if there are gaps in care or issues with medication adherence. Members are also presented with options and solutions to enable them to get the most out of their pharmacy benefit and identify opportunities for cost savings. The company plans to expand Pharmacy Advisor program offerings to include other chronic diseases and types of interventions in the near future.
About CVS Caremark
CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy(R) stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com/.