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CVS Caremark has three operating segments: CVS/pharmacy, Caremark Pharmacy Services, and Minute Clinic, which is a walk in clinic that operates within CVS Pharmacy stores. CVS Caremark Pharmacy Services, one of the nation's leading pharmacy benefit management (PBM) companies. Pharmacy benefit management provides comprehensive prescription benefit management services to over 2,000 health plans, including corporations, managed care organizations, insurance companies, unions and government entities. With net revenue of approximately $37 billion (including approximately $5.8 billion of retail copayments) in 2006, they are also one of the largest PBMs. Caremark operates a national retail pharmacy network with over 60,000 participating pharmacies, as well as 11 mail service pharmacies.
CVS Caremark is designing a global expansion strategy to target areas that are profitable and promising demographically. CVS Caremark will select United Kingdom as a country to enter and establish a solid relationship. Background of company and of country CVS Pharmacy was established over 40 years ago in 1963 in Lowell, Massachusetts by Sid Goldstein, Stanley Goldstein and Ralph Hoagland and originally sold health and beauty products. The corporation headquarters is currently in Woonsocket, Rhode Island and employs over 200,000 as of December 2012. In the last 40 years CVS has experienced tremendous growth.
Market share of Walgreens is 31.2%. CVS Pharmacy is the second largest pharmacy chain after Walgreens in the United States, with more than 7,600 stores, and is the largest US pharmacy based on total prescription revenue. As the retail pharmacy division of CVS Health, it ranks as the 12th largest company in the world according to Fortune 500 in 2014. CVS Pharmacy's leading competitor Walgreens ranked 37th. Market share of CVS is 25% Porter’s Five Forces Model Porter's Five Forces Model helps strategic business managers analyze the industry in which their companies operate to determine what can be done to get an advantage over their existing competitors and also to determine how attractive a particular industry would be for new entrants.
CVS Caremark operates more than 7,300 CVS/pharmacy stores; serves in excess of 60 million plan members as a leading pharmacy benefit manager (PBM); and cares for patients through the nations largest retail health clinic system at our approximately 600 MinuteClinic locations. * Main geographic area of activity: United Sates * Name of the company’s independent accountants
State Farm's 17,700 agents and 68,600 employees serve 81 million policies and accounts - more than 78.7 million auto, fire, life and health policies in the United States and Canada, and more than 1.9 million bank accounts. EXECUTIVE SUMMARY State Farm is one of the larges insurance companies in the United States since 1942. It founder by G.J. Mecherle in 1929 who believe “Honesty isn’t the best policy – it is the only policy”, which is the drive and service that is still true today. State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada.
The total market area includes another 215,000 persons. Medicare, Blue Cross/Blue Shield along with other traditional forms of health insurance, dominates the payor market. HMO’s and PPO’s make up less than five percent of the market. The total market area has 14.6% of the population over 65, which is higher than the national average. This number should help explain the importance of the Medicare market.
In 2003, total national spending increased to $1.7 trillion. By 2013, national expenditures is projected to be $3.4 trillion. According to Effects of Health Care Spending on the U.S. Economy (2005), as a share of GDP, health spending is projected to reach 18.4 percent by 2013, up from 2003 level of 15.3 percent. 1960 1985 2003 Total $27 billion $427 billion $1,678.9
Community Health & Population-Focused Nursing Task 1 Chandrakala Medrano-000201458 June 13, 2015 Western Governors University A. Los Angeles County which occupies an area of approximately 4 million square miles is the most populous county of the United States with a population of 10,053,995 people, according to the United States Census Bureau Estimates (2013). The population increase from the 2010 census to the 2013 estimate is 2%. A breakdown of the population according to age is as follows: 23.2% are under 18 years old, with 6.4% being under 5 years old, 61.8% between the age of 18 and 65 years old and 11.9% are over the age of 65. Females make up 50.7 % of the population in 2013.
In realty, Social Security and Medicare are the largest programs, and are set to nearly double over the next decade. Overall, Washington will spend $32,137 per household in 2011 — the highest level in American history (adjusted for inflation). It will collect $18,295 per household in taxes. The