CVS 2014 Annual Report Download - page 11

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CVS Health lowers overall health care costs for clients and patients through
sophisticated plan designs, unmatched clinical programs, and our knowledge,
expertise, and purchasing scale in the United States. Programs ranging from
formulary management to generic substitution to step therapies and more all work
together to achieve results. The company’s loyalty program also provides customers
with significant savings and value.
9
2014 Annual Report
Specialty made up
38%
of total client drug
spend in 2014
and is expected to
grow to 50% by 2018
$4 billion
in potential savings
delivered to our customers
through personalized
promotions with ExtraCare
in 2014
~70 million
active ExtraCare
members
We continue to save consumers money and improve their shopping experience
through the ExtraCare card. ExtraCare is the industry’s longest-running and
most successful loyalty program.
Managing specialty
cost growth trend
CVS Health is the largest
player in the rapidly growing
U.S. specialty market.
We are using our broad
capabilities to reinvent
specialty, which will help
reduce client spending and
improve patient care.
ExtraCare®
drives savings
We have a unique suite of capabilities
to help clients mitigate growth in
specialty costs—from prior authori-
zation to medical claims editing to
site of care and formulary manage-
ment, to name a few. Combined,
they could reduce an illustrative
20% cost growth trend to just 4%.
Illustrative
trend
20%
Remaining
trend
4%
16%
reduction