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Innovating for tomorrow:
The power of purpose and a customer-first
mindset
Kevin Hourican
EVP, CVS Health, and President, CVS Pharmacy
#SHOPORG18
Innovating for Tomorrow:
The Power of Purpose and a
Customer-First Mindset
Kevin Hourican
President, CVS Pharmacy
#SHOPORG18
#SHOPORG18
#SHOPORG18
Leading with a Purpose
Customer-Focused Innovation
Wherever, Whenever, However
#SHOPORG18
9,800+
R E TA I L
L O C AT I O N S
30,000+
C L I N I C A L
P R O F E S S I O N A L S
1,100+
W A L K - I N
C L I N I C S
2.5B
P E R S C R I P T I O N S
M A N A G E D / F I L L E D
23
S P E C I A L I T Y
P H A R M A C I E S
68,000+
N E T W O R K
P H A R M A C I E S
5M
C U S T O M E R S
S E R V E D
75
H E A LT H S Y S T E M
A F F I L I AT I O N S
#SHOPORG18
Leading with Purpose
#SHOPORG18
Our purpose is helping people
on their path to better health
#SHOPORG18
M A K I N G H E A L T H E A S I E R
A C R O S S O U R A I S L E S
H E A L T H I E R F O O D ;
R E M O V I N G C H E M I C A L S
F R O M S T O R E B R A N D S
L A U N C H E D
I N I T I AT I V E T O
C O M B AT T H E O P I O I D
E P I D E M I C
S T O P S E L L I N G
T O B A C C O ; 1 %
R E D U C T I O N I N
S M O K I N G
I N N O VAT I V E
S O L U T I O N S A N D
E X C L U S I V E T O O L S
T O H E L P PAT I E N T S
A F F O R D M E D I C AT I O N
#SHOPORG18
#SHOPORG18
Customer-Focused Innovation
#SHOPORG18
83%
O F A M E R I C A N S A R E
C O N C E R N E D A B O U T
R I S I N G R X C O S T S
M E D I C AT I O N S F O R
C H R O N I C C O N D I T I O N S
M O R E T H A N
T R I P L E D ( 2 0 0 6 - 2 0 1 5 )
3x
N E A R LY
20 MILLION
U . S . A D U LT S S AY T H E Y
D O N ’ T TA K E P R E S C R I B E D
M E D I C AT I O N S B E C A U S E
T H E Y C A N ’ T A F O R D T H E M
#SHOPORG18
$420
AV G . A N N U A L S AV I N G S
AT P H A R M A C Y
$75
AV G . S AV I N G S W I T H
D R U G S W I T C H
$50
I N E X T R A B U C K S
A N N U A L LY
#SHOPORG18
50%
O F A M E R I C A N S A R E N O T
TA K I N G M E D I C AT I O N S
P R O P E R LY
25%
(Ages 65-69)
A M E R I C A N S TA K I N G
AT LEA ST 5
P R E S C R I P T I O N
M E D I C AT I O N S
S E N I O R S TA K E
A S M A N Y M E D I C AT I O N S
A S Y O U N G E R PAT I E N T S
3x46%
(Ages 70-79)
#SHOPORG18
#SHOPORG18
#SHOPORG18
#SHOPORG18
#SHOPORG18
Wherever, Whenever, However
#SHOPORG18
Rx and Front
Store Delivery
MinuteClinic
Telehealth
#SHOPORG18
B I G D ATA
M A C H I N E L E A R N I N G
P R E D I C T I V E A N A LY T I C S
A R T I F I C I A L I N T E L L I G E N C E
P E R S O N A L I Z AT I O N
I N T E R V E N T I O N TA R G E T I N G L O G I C
Over 466 Million
E X T R A C A R E C A R D S I S S U E D S I N C E 1 9 9 8
77 Million
A C T I V E E X T R A C A R E M E M B E R S
Nearly 1/4
O F T H E U S P O P U L AT I O N H A S U S E D T H E I R
E X T R A C A R E C A R D I N T H E L A S T Y E A R
#SHOPORG18
#SHOPORG18
Thank You

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Innovating for tomorrow: The power of purpose and a customer-first mindset

  • 1. Innovating for tomorrow: The power of purpose and a customer-first mindset Kevin Hourican EVP, CVS Health, and President, CVS Pharmacy
  • 2. #SHOPORG18 Innovating for Tomorrow: The Power of Purpose and a Customer-First Mindset Kevin Hourican President, CVS Pharmacy
  • 5. #SHOPORG18 Leading with a Purpose Customer-Focused Innovation Wherever, Whenever, However
  • 6. #SHOPORG18 9,800+ R E TA I L L O C AT I O N S 30,000+ C L I N I C A L P R O F E S S I O N A L S 1,100+ W A L K - I N C L I N I C S 2.5B P E R S C R I P T I O N S M A N A G E D / F I L L E D 23 S P E C I A L I T Y P H A R M A C I E S 68,000+ N E T W O R K P H A R M A C I E S 5M C U S T O M E R S S E R V E D 75 H E A LT H S Y S T E M A F F I L I AT I O N S
  • 8. #SHOPORG18 Our purpose is helping people on their path to better health
  • 9. #SHOPORG18 M A K I N G H E A L T H E A S I E R A C R O S S O U R A I S L E S H E A L T H I E R F O O D ; R E M O V I N G C H E M I C A L S F R O M S T O R E B R A N D S L A U N C H E D I N I T I AT I V E T O C O M B AT T H E O P I O I D E P I D E M I C S T O P S E L L I N G T O B A C C O ; 1 % R E D U C T I O N I N S M O K I N G I N N O VAT I V E S O L U T I O N S A N D E X C L U S I V E T O O L S T O H E L P PAT I E N T S A F F O R D M E D I C AT I O N
  • 12. #SHOPORG18 83% O F A M E R I C A N S A R E C O N C E R N E D A B O U T R I S I N G R X C O S T S M E D I C AT I O N S F O R C H R O N I C C O N D I T I O N S M O R E T H A N T R I P L E D ( 2 0 0 6 - 2 0 1 5 ) 3x N E A R LY 20 MILLION U . S . A D U LT S S AY T H E Y D O N ’ T TA K E P R E S C R I B E D M E D I C AT I O N S B E C A U S E T H E Y C A N ’ T A F O R D T H E M
  • 13. #SHOPORG18 $420 AV G . A N N U A L S AV I N G S AT P H A R M A C Y $75 AV G . S AV I N G S W I T H D R U G S W I T C H $50 I N E X T R A B U C K S A N N U A L LY
  • 14. #SHOPORG18 50% O F A M E R I C A N S A R E N O T TA K I N G M E D I C AT I O N S P R O P E R LY 25% (Ages 65-69) A M E R I C A N S TA K I N G AT LEA ST 5 P R E S C R I P T I O N M E D I C AT I O N S S E N I O R S TA K E A S M A N Y M E D I C AT I O N S A S Y O U N G E R PAT I E N T S 3x46% (Ages 70-79)
  • 20. #SHOPORG18 Rx and Front Store Delivery MinuteClinic Telehealth
  • 21. #SHOPORG18 B I G D ATA M A C H I N E L E A R N I N G P R E D I C T I V E A N A LY T I C S A R T I F I C I A L I N T E L L I G E N C E P E R S O N A L I Z AT I O N I N T E R V E N T I O N TA R G E T I N G L O G I C Over 466 Million E X T R A C A R E C A R D S I S S U E D S I N C E 1 9 9 8 77 Million A C T I V E E X T R A C A R E M E M B E R S Nearly 1/4 O F T H E U S P O P U L AT I O N H A S U S E D T H E I R E X T R A C A R E C A R D I N T H E L A S T Y E A R