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Cvs Health Corporation  (CVS)
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Cvs Health's Customers Performance

CVS

 
CVS's Source of Revenues Cvs Health's Corporate Customers have recorded a rise in their cost of revenue by 27.74 % in the 1 quarter 2024 year on year, sequentially costs of revenue grew by 22.18 %. During the corresponding time, Cvs Health Corporation recorded revenue increase by 3.7 % year on year, sequentially revenue fell by -5.73 %. While revenue at the Cvs Health Corporation's corporate clients recorded rose by 9.5 % year on year, sequentially revenue grew by 21.99 %.

List of CVS Customers




Cvs Health's Customers have recorded a rise in their cost of revenue by 27.74 % in the 1 quarter 2024 year on year, sequentially costs of revenue grew by 22.18 %, for the same period Cvs Health Corporation recorded revenue increase by 3.7 % year on year, sequentially revnue fell by -5.73 %.

List of CVS Customers



   
Customers Net Income fell in Q1 by Customers Net margin fell to %
-50.46 % 2.19 %
Customers Net Income fell in Q1 by -50.46 %


Customers Net margin fell to 2.19 % 2.19 %



Cvs Health's Customers, Q1 2024 Revenue Growth By Industry
Customers in Accident & Health Insurance Industry      11.64 %
Customers in Life Insurance Industry      4.35 %
Customers in Property & Casualty Insurance Industry -2.71 %   
     
• Customers Valuation • Customers Mgmt. Effect.


Cvs Health's Comment on Sales, Marketing and Customers



Pharmacy Services Clients - Our clients are primarily sponsors of health benefit plans (employers, insurance companies, unions, government employee groups and MCOs) and individuals located throughout the United States. We provide pharmaceuticals to eligible members in benefit plans maintained by our clients and utilize our information systems, among other things, to perform safety checks, drug interaction screening and generic substitution. We generate substantially all of our Pharmacy Services Segment net revenue from dispensing prescription drugs to eligible members in benefit plans maintained by our clients. No single PBM client accounted for 10% or more of our total consolidated revenues. Our client agreements are subject to renegotiation of terms

Retail Pharmacy Customers - Managed care organizations, government-funded health care programs (including state Medicaid plans and Medicare Part D drug plans), commercial employers and other third party plans accounted for 97.9% of our pharmacy revenues. The loss of any one payor should not have a material effect on our business. No single retail payor accounts for 10% or more of our total consolidated revenues. However, the success of our retail drugstore business is dependent upon our ability to establish and maintain contractual relationships with PBMs and other payors on acceptable terms. Our contracts with commercial payors and government-funded programs are subject to renegotiation of reimbursement rates.






Cvs Health's Comment on Sales, Marketing and Customers


Pharmacy Services Clients - Our clients are primarily sponsors of health benefit plans (employers, insurance companies, unions, government employee groups and MCOs) and individuals located throughout the United States. We provide pharmaceuticals to eligible members in benefit plans maintained by our clients and utilize our information systems, among other things, to perform safety checks, drug interaction screening and generic substitution. We generate substantially all of our Pharmacy Services Segment net revenue from dispensing prescription drugs to eligible members in benefit plans maintained by our clients. No single PBM client accounted for 10% or more of our total consolidated revenues. Our client agreements are subject to renegotiation of terms

Retail Pharmacy Customers - Managed care organizations, government-funded health care programs (including state Medicaid plans and Medicare Part D drug plans), commercial employers and other third party plans accounted for 97.9% of our pharmacy revenues. The loss of any one payor should not have a material effect on our business. No single retail payor accounts for 10% or more of our total consolidated revenues. However, the success of our retail drugstore business is dependent upon our ability to establish and maintain contractual relationships with PBMs and other payors on acceptable terms. Our contracts with commercial payors and government-funded programs are subject to renegotiation of reimbursement rates.










CVS's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Cvs Health Corporation 67,949.21 360,935.00 7,350.00 300,000
Aflac Incorporated 50,391.08 19,337.00 5,350.00 12,447
American National Group Inc 5,108.64 4,299.31 639.89 4,736
Axis Capital Holdings Limited 6,125.34 5,723.59 591.65 1,225
The Cigna Group 95,153.78 206,003.00 3,854.00 73,700
Centene Corporation 39,127.72 158,541.00 3,117.00 72,500
Cno Financial Group Inc 3,110.31 4,297.30 389.60 3,500
Elevance Health Inc 121,595.49 168,350.00 7,070.00 98,200
Hca Healthcare Inc 87,766.61 63,162.00 6,876.00 284,000
Humana Inc 42,351.00 109,243.00 1,985.00 96,900
Kemper Corporation 3,743.25 4,792.40 -225.90 5,600
The Kroger Co 38,242.85 148,258.00 2,249.00 420,000
Metlife Inc 51,621.82 67,574.00 2,392.00 43,000
Molina Healthcare Inc 18,868.68 35,854.00 1,071.00 14,000
Unitedhealth Group Incorporated 464,392.96 379,487.00 16,149.00 350,000
Unum Group 10,127.97 12,550.10 1,320.70 10,300
SUBTOTAL 1,037,727.50 1,387,471.70 52,828.94 1,490,108


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