Healthcare Innovation October 18, 2024
The recent stumbles of the national pharmacy chains offer important insights
As Contributing Editor Geert De Lombaerde reported on Oct. 18, the Woonsocket, Rhode Island-based CVS Health announced that it was replacing its CEO. De Lombaerde’s report began thus: “CVS Corp. president and Chief Executive Officer Karen Lynch stepped down from her job Oct. 17 to be replaced by the leader of the company’s Caremark pharmacy benefit manager. In announcing the change at the helm—which comes just a few months after Lynch shuffled some senior leadership roles and took charge of CVS’ Aetna insurance group—Rhode Island-based CVS also said its third-quarter results will come in well below expectations because of higher-than-expected benefit costs, a trend that first surfaced in the...
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