CVS Caremark is the brand name for CVS Corporation’s pharmacy benefit management (PBM) subsidiary. CVS Caremark is the largest PBM in the United States, with more than $100 billion in total assets under management.
CVS Caremark provides pharmacy benefits management services to more than 24 million members in over 50 states.
The main differentiator between CVS Caremark and CVS Corporation is the way in which the two companies operate. CVS Caremark is a standalone business, with its own corporate headquarters and management team.
CVS Corporation, on the other hand, is a pharmacy chain with a wide variety of retail locations. The two businesses have different operational models and Target different customer segments.
While there are some key similarities between CVS Caremark and CVS Corporation, there are also some significant differences. For example, CVS Caremark provides a broader range of pharmacy services, including specialty pharmacy services.
CVS Corporation, on the other hand, is more focused on the retail pharmacy segment.
Overall, CVS Caremark is a well-established pharmacy benefits management (PBM) company with a wide range of services and capabilities. While there are some key differences between CVS Caremark and CVS Corporation, the two businesses share a number of common features, making them a good choice for pharmacy clients.
