CVS 2014 Annual Report Download - page 10

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8
CVS Health
Formulary
management strategy
expected to drive
total incremental
client savings of
$3.5
billion
from 2012 through 2015
Reduced co-pay at
CVS/minuteclinic
can lower overall
health care costs by
8%
for patients who use
our walk-in medical
clinics
Formed
#1
in the U.S. through
Red Oak Sourcing venture
with Cardinal Health
generic
sourcing
entity
in branded drug sales currently
expected to come off patent
from 2015 through 2017
$40+
billion
Generic substitution remains one of the best ways to save patients and
payors money. Our generic substitution rate exceeded 80% in 2014, and
more opportunities are on the way.
CVS Health is pioneering new strategies to lower
costs for health plans and their members, which
include CVS/minuteclinic utilization and innovative
formulary strategies. We are also participating in
narrow or restricted pharmacy networks.
Generics help
manage costs
New ways to save
Expanding opportunities
to reduce spend