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CVS Health has appointed Len Shankman as president of Pharmacy and Consumer Wellness and Lucille Accetta as chief pharmacy officer, effective immediately. Shankman will oversee retail pharmacy operations and digital integration, while Accetta will focus on enhancing the pharmacist's role in healthcare and connecting pharmacy assets across the business. Despite financial pressures, CVS reported a Q3 profit of $2.3 billion and completed its acquisition of Oak Street Health, a primary care company for older adults.
A bipartisan group of lawmakers has urged the DOJ to investigate pharmacy benefit managers (PBMs) for their potential role in the opioid crisis, citing evidence of collusion with Purdue Pharma to promote OxyContin in exchange for substantial rebates. They argue that PBMs, which control over 80% of the market, have prioritized profits over patient care by retaining rebates instead of passing them on to consumers. The lawmakers are calling for increased oversight and accountability in the pharmaceutical supply chain.
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CVS Health Appoints New Leaders in Pharmacy Division Amid Financial Challenges
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Len Shankman
Lucille Accetta
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21:43 05.12.2024
lawmakers urge investigation into pharmacy benefit managers role in opioid crisis
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21:41 03.12.2024
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