CVS/pharmacy and Midwest Health Plan Reach Agreement to Keep CVS in Network.WOONSOCKET, R.I. -- CVS/pharmacy, America's largest retail pharmacy, announced today that it has reached an agreement with Midwest Health Plan that will enable CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. to continue filling prescriptions for Midwest Health Plan members. Midwest Health Plan provides services in Macomb, Oakland, Washtenaw and Wayne counties, Michigan, for more than 50,000 members. CVS/pharmacy had been in discussions with Midwest Health Plan's pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. company, 4-D, for several months regarding the Plan's unacceptable reimbursement rates. CVS worked diligently to negotiate reimbursement solutions that take into account the costs associated with providing patients with quality pharmacy services. With continued dialogue, both sides were able to reach an agreement. "With Dr. Mark Saffer, President of Midwest Health Plan, joining the discussions, we were able to reach a mutually acceptable agreement," said Tom Morrison Tom Morrison (or similar) is the name of several persons:
About CVS/pharmacy CVS/pharmacy is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CVS Corporation (NYSE NYSE See: New York Stock Exchange :CVS) and is America's largest retail pharmacy. CVS/pharmacy is committed to serving the healthcare needs of all customers by being the easiest pharmacy for customers to use, both in its stores and online at CVS.com. General information about CVS is available through the Investor Relations Investor relations The process by which the corporation communicates with its investors. portion of the Company's website, at http://investor.cvs.com, as well as through the pressroom portion of the Company's website, at www.cvs.com/pressroom. |
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