WOONSOCKET, R.I., Dec. 3, 2024
/PRNewswire/ -- CVS Health® (NYSE: CVS) today announced that
Len Shankman will be president,
Pharmacy and Consumer Wellness (PCW), reporting to Prem Shah, group president, CVS Health. In
addition, the company announced the appointment of Lucille Accetta, RPh, MPH, MBA as chief pharmacy
officer, also reporting to Shah. Both appointments are effective
immediately.
As president, Pharmacy and Consumer Wellness, Shankman will
oversee the front store and retail pharmacy businesses across the
company's more than 9,000 CVS Pharmacy locations. In his new role,
Shankman will lead the team in continuing to deliver integrated
digitally-led experiences that address consumer's health and
wellness needs when and where they need us.
Shankman joined CVS Health in 2002 and has held positions of
increasing responsibility, most recently serving as senior vice
president and chief financial officer, Pharmacy and Consumer
Wellness. Shankman has also held leadership positions in the
company's Specialty Pharmacy business and as general manager for
Coram, the CVS Specialty infusion business. Before joining CVS
Health, Shankman served in the United
States Navy.
"Len has a deep knowledge of our Pharmacy and Consumer Wellness
business and our company, and his focus on strategy execution,
operational strength, and financial performance will help us
continue to lead in the market," said CVS Health president and CEO
David Joyner. "His disciplined,
strategic guidance will further position CVS Pharmacy as a trusted
resource for the communities we serve."
As chief pharmacy officer, Accetta will advocate for the role of
the pharmacist in health care and will be responsible for creating
and implementing strategic opportunities to connect our pharmacy
assets across the CVS Health enterprise. She will also continue to
oversee the Specialty Pharmacy, Coram and Omnicare businesses in
her role as senior vice president, Specialty Pharmacy
Operations.
Since joining CVS Health in 2017, Accetta has held roles with
increasing responsibility within the Specialty Pharmacy business.
Prior to joining the company, she held leadership roles at Teva
Pharmaceuticals, Rx Ally, Express Scripts and Medco, building her
skills in patient services management, pharmacy product development
and clinical operations.
"Our specialty pharmacy is entrusted with the care of people who
are facing challenging and complex diagnoses, and Lucille leads
with heart, driving the operational excellence our patients deserve
along with instilling in our team an unwavering focus on caring for
patients," said Joyner. "Her passion and commitment to the practice
of pharmacy make her an excellent advocate for the profession."
On its most recent earnings call, the company highlighted recent
positive trends in the Pharmacy and Consumer Wellness business:
- Our performance reflects strong execution and the benefit of
strategic investments in both our workflows and our
colleagues.
- We have achieved record high retail pharmacy prescription share
of 27.3 percent.
- We continue to progress in the transition to the CVS
CostVantage model, having reached agreements covering more than
half of our total commercial prescriptions.
About CVS Health
CVS Health is a leading health
solutions company building a world of health around every consumer
it serves and connecting care so that it works for people wherever
they are. As of September 30, 2024,
the Company had more than 9,000 retail locations, more than 900
walk-in medical clinics, more than 225 primary care medical
clinics, a leading pharmacy benefits manager with approximately 90
million plan members and expanding specialty pharmacy solutions,
and a dedicated senior pharmacy care business serving more than
800,000 patients per year. The Company also serves an estimated
more than 36 million people through traditional, voluntary and
consumer-directed health insurance products and related services,
including expanding Medicare Advantage offerings and a leading
standalone Medicare Part D prescription drug plan. The Company is
creating new sources of value through its integrated model allowing
it to expand into personalized, technology driven care delivery and
health services, increasing access to quality care, delivering
better health outcomes and lowering overall health care costs.
Media contact
Ethan
Slavin
860-273-6095
Ethan.Slavin@CVSHealth.com
Investor contact
Larry
McGrath
800-201-0938
InvestorInfo@CVSHealth.com
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SOURCE CVS Health