CVS Health
CVS Health is a health-solutions company building a world of health around every consumer. Its stated mission is to deliver superior, connected experiences, lower the cost of care, and improve the health and well-being of the people it serves.
At a Glance
- Consumers, patients and families
- Employers and commercial health-plan sponsors
- Medicare and Medicaid beneficiaries and government programs
- Pharmacy customers and specialty-drug patients
- +4 more
AI Tools by CVS Health
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UQLM
LLM Hallucination Detection Library
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Latest News
CVS Health reported strong Q2 2026 results, $106.1 billion quarterly revenue and raised full-year 2026 guidance; highlighted GLP-1 support and agentic-AI deployments.
Newsweek recognized CVS Health with a 2026 AI Impact Award for using AI in pharmacy workflows to improve medication safety and patient care.
Reported strong Q1 2026 results, raised full-year guidance and described prior-authorization automation and new small pharmacy-focused locations.
Announced CFO transition plan and appointed Amy Compton-Philips as chief medical officer.
Products & Services
Neighborhood retail pharmacies and health-and-wellness stores offering prescriptions, vaccinations, clinical pharmacy services, health products and general merchandise.
Pharmacy benefits manager providing prescription-drug coverage, mail and specialty pharmacy, formularies, claims processing, refill support and negotiated drug pricing.
Health insurance products and related services, including employer, individual, Medicaid, Medicare Advantage, Medicare Part D and other government offerings.
Walk-in and virtual primary-care and preventive-care clinics located in or associated with CVS Pharmacy locations.
Market Position
CVS Health competes as an integrated health-solutions company combining a large retail pharmacy footprint, PBM, insurer and care-delivery assets. Its principal competitive set includes Walgreens Boots Alliance and Walmart in retail pharmacy, UnitedHealth/Optum and Cigna/Evernorth in insurance and PBM, and providers such as ChenMed and Humana in value-based senior care. The integration of pharmacy, benefits, insurance, clinics and home-based care is its central differentiator, while scale, reimbursement pressure and regulatory scrutiny are material competitive constraints.
Leadership
Founders
Stanley P. Goldstein
Co-founder of the first Consumer Value Store in Lowell, Massachusetts; he later became a major CVS executive and chairman.
Sidney Goldstein
Co-founder of the first Consumer Value Store with his brother Stanley Goldstein.
Ralph P. Hoagland III
Business partner and co-founder of the first Consumer Value Store with Stanley and Sidney Goldstein.
Executive Team
David Joyner
Chairman and Chief Executive Officer
Previously CVS Health EVP and president of Pharmacy Services; began his career at Aetna as an employee-benefit representative and has four decades of health-care/PBM experience.
Heidi Capozzi
Executive Vice President and Chief People Officer
Previously executive vice president and global chief people officer at McDonald's.
Board of Directors
Founding Story
In 1963, Stanley and Sidney Goldstein and Ralph Hoagland founded the first Consumer Value Store in Lowell, Massachusetts, selling health and beauty products. The name was changed to CVS in 1964; the original vision was a convenient, value-oriented health-and-beauty retailer, later expanded through pharmacy, benefits, insurance and care delivery.
Business Model
Revenue Model
Diversified health-care revenue: insurance premiums and services; pharmacy-benefit-management services and pharmacy network/claims economics; retail, specialty, mail-order and infusion pharmacy sales; health-care delivery and provider-enablement services; and related care/technology services. CVS Health is a public operating company rather than a venture-funded subscription software business.
Target Markets
- Consumers, patients and families
- Employers and commercial health-plan sponsors
- Medicare and Medicaid beneficiaries and government programs
- Pharmacy customers and specialty-drug patients
- Health-care providers, hospitals and accountable-care organizations
- Pharmaceutical manufacturers and other life-sciences stakeholders
- Prescription dispensing, adherence, specialty and infusion medication support
- Employer, government and individual health insurance coverage
- Pharmacy-benefit administration and drug-cost management
- Walk-in, virtual, preventive and primary care
- Value-based primary care for older adults
- In-home health assessments and provider enablement
- Approximately 87 million CVS Caremark plan members
- More than 37 million people served through CVS Health insurance products and related services
- Aetna members and employer, government and individual plan sponsors
- Consumers using CVS Pharmacy and MinuteClinic nationwide