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Larry J. Merlo

President and Chief Executive Officer, CVS Caremark

Reinventing Pharmacy: Expanding the Front Lines of Health Care

Larry J. Merlo, president and chief executive officer of CVS Caremark, spoke June 5 at the Chief Executives’ Club of Boston about the evolution of the U.S. health care system and how “pharmacy care can make a big difference in the health, the well-being, and the financial outlook of our country.” Karen Kaplan, president of Hill Holiday, introduced Merlo.

Takeaway

Prescription Non-adherence

Fewer than one-half of patients take their doses as prescribed, and three out of four people stop taking their medication within the first year of beginning therapy ... Non-adherence is driving unnecessary medical costs across our health care system.

Takeaway

Silver Tsunami

10,000 ... baby boomers [become] eligible for Medicare every day—often referred to as the Silver Tsunami. Not only does this mean over 16 million new Medicare eligibles by 2019, it also means a long-term increase in demand for services and the use of medications.

Takeaway

Pharmacy's Potential

Pharmacy has the potential to extend the front lines of health care, to deliver better outcomes at lower cost to the people that we serve.

Takeaway

Complementary Services

We do not advocate for or believe that the family physician is going away, or should go away. In fact, we see our [role] as complementary and collaborative with primary care medical homes, and helpful to the system.

“ Walgreen sales dip, contract exit still helps CVS ”

Reuters

“ Chief says CVS’s clinics can help control costs ”

Boston Globe

“ CVS doesn't want to replace your doctor–yet ”

Boston Business Journal

“ CVS Caremark CEO: Prescription non-adherence costs U.S. $300B ”

Boston Herald

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