CVS Health Receives URAC Accreditation for Mail Service Pharmacy

PRESS RELEASE

WOONSOCKET, R.I.

,

March 29, 2016

/PRNewswire/ -- CVS Health (NYSE: CVS) announced today that pharmacy benefits manager CVS Caremark has been awarded Mail Service Pharmacy accreditation from URAC, a

Washington, DC

-based health care accrediting organization that establishes quality standards for the health care industry.

"At CVS Health, we are pleased to receive accreditation from URAC, which underscores our commitment to providing high quality mail pharmacy services to our millions of members who utilize this important pharmacy distribution channel," said

Jonathan Roberts

, President of CVS Caremark. "Mail service pharmacy provides our members with a convenient way of getting their prescriptions and also encourages medication adherence, which is especially important for those with chronic conditions requiring maintenance medications."

Mail Service Pharmacy is generally used by patients who require maintenance medications for chronic conditions and receive their maintenance medications in dosages of 90 day supplies or longer.URAC's Mail Service Pharmacy Accreditation standards cover core organizational quality, customer service, communications and disclosure, drug utilization management, pharmacy operations, and a process for mail service outcomes measurement and quality improvement.

"By applying for and receiving URAC accreditation, CVS Health has demonstrated a commitment to quality healthcare," said URAC President and CEO Kylanne Green. "Quality healthcare is crucial to our nation's welfare and it is important to have organizations that are willing to measure themselves against national standards and undergo rigorous evaluation by an independent accrediting body."

The URAC accreditation process demonstrates a commitment to quality services and serves as a framework to improve business processes through benchmarking organizations against nationally recognized standards. The URAC standards development process is consensus driven, with industry experts serving as volunteers to establish and revise appropriate industry benchmarks.