CVS HEALTH Corp
CVS Health Corporation is a leading health solutions company based in the United States. It serves more than 35 million people through traditional, voluntary, and consumer-directed health insurance products and related services. The company's business strategy is to build a world of health around every consumer it serves by making it easier and more affordable to live a healthier life. CVS Health has four reportable segments: Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other. The company's website is cvshealth.com, and its ticker symbol is CVS. During the year ended December 31, 2023, CVS Health completed the acquisitions of Signify Health and Oak Street Health to enhance its ability to execute on its care delivery strategy. The company realigned its segments to reflect how its Chief Operating Decision Maker reviews information and manages the business, forming a new Health Services segment and a new Pharmacy & Consumer Wellness segment. The Health Care Benefits segment operates as one of the nation's leading diversified health care benefits providers, serving an estimated more than 35 million people. The segment offers a broad range of traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, and behavioral health plans, medical management capabilities, Medicare Advantage and Medicare Supplement plans, PDPs, and Medicaid health care management services. The Health Services segment delivers health care services in the Company’s medical clinics, virtually, and in the home, as well as provider enablement solutions. The Pharmacy & Consumer Wellness segment includes retail and long-term care pharmacy operations and related pharmacy services, as well as retail front store operations. CVS Health markets its products and services to a range of customers, including employer groups, individuals, college students, part-time and hourly workers, health plans, providers, governmental units, government-sponsored plans, labor groups, and expatriates. The company's pricing for its products and services varies depending on the type of contract and regulatory requirements. The health care benefits industry is highly competitive, with a large number of for-profit and not-for-profit competitors, competitors' marketing and pricing, and a proliferation of competing products. The company believes that it differentiates itself from its competitors through perceived overall quality, quality of service, comprehensiveness of coverage, cost, product design, financial stability, ratings, breadth and quality of provider networks, ability to offer different provider network options, providers available in such networks, and quality of member support and care management programs.