Mar 22, 2018

CVS Health Appoints Derica W. Rice as President of CVS Caremark

CVS Health announced today that Derica W. Rice will join the company as President of CVS Caremark, the company's pharmacy benefit management (PBM) business, as of March 30, 2018.  In this role, Rice will have day-to-day leadership and oversight of the PBM business including sales and account management, operations, mail service pharmacy and specialty pharmacy. Rice will also focus on driving PBM strategy, new business development and client relationship management and retention.

"Our PBM clients and the members they serve are asking for innovation, especially around value-based reimbursement models and the role pharmacy can play in improving health outcomes and lowering total health care costs," said Jon Roberts, chief operating officer of CVS Health. "We believe Derica is a great addition to our team, and the experience he brings with regard to innovation in these value-based models, in particular, will help us continue to serve our clients' needs while also developing and delivering innovative solutions and offerings."

Rice brings to CVS Caremark nearly 30 years of experience as a health care executive with a strong track record of delivering results in leadership positions.  Rice joins CVS Health from Eli Lilly and Company where he most recently served as executive vice president of global services and chief financial officer. During his 27-year career at Eli Lilly, Rice was a key player in helping to drive the company's innovation strategy and held numerous roles in finance and operations, including as chief financial officer for Lilly Canada, general manager of Lilly's U.K. affiliate, executive director and chief financial officer of European operations, and as Eli Lilly's vice president and controller.

Rice earned his master's degree in business administration from Indiana University and a bachelor's degree in electrical engineering from Kettering University.

About CVS Health
CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Market Buzz

Apr 17, 2018 25% OFF Pharmacy Software License Fee
Apr 04, 2018 TCGRx Announces the Acquisition Of ARxIUM’S Panasonic Fastpak Exp and Fastpak ...
Apr 04, 2018 Fagron Strengthens Strategic Position in USA Through Highly Complementary Acquis...
Mar 30, 2018 KeyCentrix appoints Luis Rodriguez as President
Mar 27, 2018 iMedicare Rebrands to Amplicare, a Decision-Automation Platform that Enables Hea...
Mar 27, 2018 Mercyhealth Adopts Omnicell’s XR2 Automated Central Pharmacy System to Enhance...
Mar 26, 2018 Washington State University Wins 8th Annual Student Pharmacist Compounding Compe...
Mar 26, 2018 H+H SYSTEM, Inc. USA Appoints Marketing Manager
Mar 22, 2018 CVS Health Appoints Derica W. Rice as President of CVS Caremark
Mar 19, 2018 MEDISCA Signs Out-Licensing Agreement with Torrey Hills Technologies for its Pro...
Mar 16, 2018 QS/1® Achieves Level 2 Capability for the Pharmacist Electronic Care Plan
Mar 14, 2018 SuiteRx a Pharmacy Owner's Dream
Mar 13, 2018 Introducing Mission Critical Delivery Solutions as a Thought Leader in Long Term...
Mar 09, 2018 Smith Drug Company Receives the 2018 Distribution Management Award for Cloud-Bas...
Mar 09, 2018 Albertsons Companies Earns URAC Accreditation in Specialty Pharmacy
Mar 06, 2018 Introducing AmerisourceBergen as a Thought Leader & Innovator in Pharmacy: Impro...
Mar 06, 2018 MHA Members WIN BIG with SuiteRx
Mar 02, 2018 Letco Medical, L.L.C. Announces Launch Of Innovative Education Value Program For...
Feb 26, 2018 J M Smith Corporation Announces Leadership Team Changes
Feb 26, 2018 Worz Named New ASCP Executive Director and CEO
Feb 16, 2018 RxSafe Launches Revolutionary Adherence Packaging Automation for Retail Pharmaci...
Feb 15, 2018 Craneware: Significant Contract Wins
Feb 13, 2018 Pomona Valley Hospital Medical Center Adopting In-House IV Compounding with Omni...
Feb 12, 2018 Verity Solutions tops 340B Management Systems Category in 2018 Best in KLAS repo...
Feb 12, 2018 ARxIUM’s RIVA Named Top IV Robot by KLAS for Fifth Consecutive Year
Feb 07, 2018 Multiple Hospitals Adopt Omnicell’s XR2 Automated Central Pharmacy System to E...
Feb 06, 2018 PharmaLink Educates Pharmacy Industry as a Thought Leader in Pharmaceutical Retu...
Feb 05, 2018 Fagron, Inc. Extends Pharmaceutical Ingredient Supply Chain To American Pharmace...
Jan 31, 2018 Letco Med, L.L.C. Announces Partnership with ARL Bio Pharma to Launch Quality Sa...
Jan 29, 2018 LP3 Network Celebrates Grand Opening of New State-of-the-Art Learning Center

RXinsider Product Overview Videos