Oct. 20, 2020

CVS Health Org Chart & Sales Intelligence Blog

CVS Health Org Chart & Sales Intelligence Blog

CVS Health Corporation
One CVS Drive
Woonsocket, RI 02895
United States
Main Phone: (401) 765-1500
Website: http://www.cvshealth.com
CVS Org Chart & Sales Intelligence Blog cover

CVS Org Chart & Sales Intelligence Blog cover

CVS Health Sales Intelligence Blog Highlights

CVS Health (NYSE: CVS) is ranked #5 on the 2020 Fortune 500 list

New CSR priorities reflect CVS Health's Transformation
CVS Health Enterprise-Wide Priorities
CVS Health cutting Aetna jobs in Hartford, CT
CVS Health accelerated a number of aspects of their strategy including data analytics and digital capabilities
CVS Health is focused on building consumer-centric technology infrastructure

CVS Health Sales Trigger Events

CVS Health to cut jobs at Aetna in Hartford as it absorbs health insurer and consolidates operations
CVS Health Corp said on Wednesday that an undisclosed number of jobs will be eliminated at Aetna as it consolidates operations in the wake of its 2018 purchase of the Hartford insurer. Rhode Island-based CVS said it was cutting a “very small percentage" of workers in Hartford, where it employs thousands. CVS also would not say which areas of Aetna were affected by the layoffs, noting they were in “all part of the Aetna business.”
“Within the Aetna business, we are in the process of reorganizing and consolidating certain business segments to take advantage of CVS Health’s enterprise capabilities, while continuing to grow our core businesses and create added value for our members, customers and provider partners,” CVS said in a statement released Wednesday.
Source: https://www.courant.com/business/hc-biz-cvs-aetna-cost-cutting-layoffs-hartford-20201007-6i4yb3tlezhohos43d5q6itdvq-story.html

CVS Health Expands COVID-19 Testing Capabilities By Adding 77 Additional Drive-Thru Test Sites in Florida
In an ongoing effort to help slow the spread of the virus, CVS Health (NYSE: CVS) today expanded its COVID-19 testing program by deploying 77 additional test sites at select CVS Pharmacy drive-thru locations across Florida. The opening of these new test sites on Friday, August 21 add to the 221 locations previously opened in Florida.
The 77 additional test sites opening across the state this week are among the more than 1,900 locations CVS Health has opened since May and expand the company's overall testing capacity.
"Our national scale and local community presence enable us to uniquely expand people's access to safe and effective COVID-19 testing options and respond to a need for increased testing capacity," said Emmanuel Kolady, Senior Vice President, CVS Health. "We remain grateful to our frontline colleagues who make these testing sites possible and whose dedication has allowed us to keep our stores and MinuteClinics open for customers seeking supplies and patients who need care."
Source: https://www.prnewswire.com/news-releases/cvs-health-expands-covid-19-testing-capabilities-by-adding-77-additional-drive-thru-test-sites-in-florida-301115218.html

CVS Health Social Media Properties

Facebook: https://www.facebook.com/CVSHealth
Instagram: https://www.instagram.com/cvshealth/
LinkedIn: https://www.linkedin.com/company/cvs-health/
Twitter: https://twitter.com/cvshealth
YouTube: https://www.youtube.com/CVSHealth

CVS Health Earnings Call Highlights

August 5, 2020

Executives In Attendance

Valerie Haertel - Senior Vice President, Investor Relations
Larry Merlo - President and Chief Executive Officer
Eva Boratto - Executive Vice President and Chief Financial Officer
Jon Roberts - Executive Vice President and Chief Operating Officer
Alan Lotvin - Executive Vice President, CVS Health and President, CVS Caremark
Karen Lynch - Executive Vice President, CVS Health and President, Aetna Business Unit

Analysts in Attendance

George Hill - Deutsche Bank
Michael Cherny - Bank of America Merrill Lynch
Ricky Goldwasser - Morgan Stanley
Eric Percher - Nephron Research
Justin Lake - Wolfe Research
Robert Jones - Goldman Sachs
Steven Valiquette - Barclays
Stephen Tanal - SVB Leerink
Lance Wilkes - Bernstein

In response to the pandemic, the company accelerated a number of aspects of strategy, and strong foundation of clinical expertise, data analytics, and digital capabilities, coupled with unmatched consumer and community reach enabled CVS Health to rapidly address shifts in the consumer and healthcare landscapes.

CVS Health's ability to quickly expand diagnostic testing and virtual care services to meet increased customer demand highlights the company's ability to deliver care wherever customers want to receive it. And the company is investing in areas where CVS sees the greatest demand and opportunity to differentiate offerings across this triad of care.

By focusing CVS Health service delivery on the most cost effective channel, the company is able to make care more affordable for payers and members. In moving to delivering care in the hands, as expected, the company saw continued demand for virtual care and increased digital engagement and continued to expand virtual care offerings. This includes providing access to care for Aetna insured members through mini clinic video visits and through newly launched virtual care program called E-Clinic is staffed by MinuteClinic providers.

CVS Health virtual care offerings target a variety of healthcare needs, including diagnosis in the treatment of common injuries, behavioral health in the management of chronic conditions and total MinuteClinic virtual care visits are up over 750% compared to Q2 of last year.

CVS Health Q2 2020 Earnings Call on August 5, 2020: https://seekingalpha.com/article/4364729-cvs-health-corporation-cvs-ceo-larry-merlo-on-q2-2020-results-earnings-call-transcript?part=single

CVS Health Executive Leadership Team

NAME	TITLE	COMPANY
Larry J. Merlo	President and Chief Executive Officer	CVS Health
Alan M. Lotvin, M.D.	Executive Vice President and President of CVS Caremark	CVS Caremark
Eva Boratto	Executive Vice President and Chief Financial Officer, CVS Health	CVS Health
Jonathan C. Roberts	Executive Vice President and Chief Operating Officer, CVS Health	CVS Health
Jonathan Mayhew	Executive Vice President, Transformation, CVS Health	CVS Health
Joshua M. Flum	Executive Vice President, Enterprise Strategy & Digital, CVS Health	CVS Health
Karen S. Lynch	Executive Vice President, CVS Health and President, Aetna Business Unit	Aetna
Lisa Bisaccia	Executive Vice President and Chief Human Resources Officer, CVS Health	CVS Health
Thomas M. Moriarty	Executive Vice President, Chief Policy and External Affairs Officer, and General Counsel, CVS Health	CVS Health
Troyen Brennan, M.D.	Executive Vice President and Chief Medical Officer, CVS Health	CVS Health

CVS Health Board of Directors

NAME	TITLE	COMPANY
David W. Dorman	Chair of the Board	CVS Health Corporation
Fernando Aguirre	Former Chairman, President and Chief Executive Officer	Chiquita Brands International, Inc.
C. David Brown II	Partner and Member of the Executive Committee	Nelson Mullins Riley & Scarborough LLP
Alecia A. Decoudreaux	President Emerita of Mills College and Former Executive	Eli Lilly and Company
Nancy-Ann M. Deparle	Managing Partner and Co-Founder at Consonance Capital Partners, LLC, and Former Deputy Chief of Staff and Director of the White House Office of Health Reform
Roger N. Farah	Chairman of Tiffany & Co. and Former Executive	Tory Burch and Ralph Lauren
Anne M. Finucane	Vice Chairman of Bank of America Corporation and Chairman of the Board	Bank of America Merrill Lynch, Europe
Edward J. Ludwig	Former Chairman and Chief Executive Officer	Becton, Dickinson and Company
Larry J. Merlo	President and Chief Executive Officer	CVS Health Corporation
Jean-Pierre Million	Former President and Chief Executive Officer	PCS Health Systems, Inc.
Mary L. Schapiro	Vice Chair for Public Policy and Special Advisor to the Founder and Chairman of Bloomberg L.P.; Former Chairman of the U.S. Securities and Exchange Commission
Wiliam C. Weldon	Former Chairman and Chief Executive Officer	Johnson & Johnson
Tony L. White	Former Chairman, President and Chief Executive Officer	Applied Biosystems, Inc.

CVS Health Annual Report Highlights

CVS 2019 Annual Report

CVS Financial Highlights

CVS Health Financial Highlights

Fiscal Year
Fiscal Year Ends	December 31, 2020
Most Recent Quarter	June 30, 2020

Profitability
Profit Margin	3.14%
Operating Margin	5.28%

Management Effectiveness
Return on Assets	3.82%
Return on Equity	12.73%

Income Statement
Revenue	$262.98 Billion
Revenue Per Share	201.52
Quarterly Revenue Growth	3.20%
Gross Profit	44.52B
EBITDA	18.26B
Net Income Avi to Common	8.26B
Diluted EPS	6.29
Quarterly Earnings Growth	53.70%

Balance Sheet
Total Cash	17.46B
Total Cash Per Share	13.35
Total Debt	92.05B
Total Debt/Equity	134.67
Current Ratio	0.98
Book Value Per Share	52.04

Cash Flow Statement
Operating Cash Flow	15.99B
Levered Free Cash Flow	13.07B

New CSR priorities reflect CVS Health's Transformation

The new CSR strategy, Transform Health 2030 is grounded in four pillars: Healthy People, Healthy Businesses, Healthy Community and Healthy Planet.

CVS Health Pillars

CVS Health Enterprise-Wide Priorities

The following four Enterprise-wide priorities guide long-term growth strategy and support the company's vision for improving health care:

Growing and differentiating businesses;
Delivering transformational products and services;
Creating a consumer-centric technology infrastructure; and
Modernizing Enterprise functions and capabilities.