What Is CVS Pharmacy? (What Is It Known For, How Is It Different, Type Of Store + More)

A subsidiary of CVS Health, CVS Pharmacy offers its customers a range of services including drugstore, prescriptions, and health advice for its shoppers. In fact, many CVS Pharmacy stores are open 24 hours to be convenient to customers.

However, if you haven’t heard of CVS Pharmacy before, you may be wondering what the company does, what they’re most famous for, and how they’re unique from other retailers. If you’d like to find out, keep reading to see what I learned!

What Is CVS Pharmacy In 2022?

CVS Pharmacy is known for offering a range of health and wellness services for its customers, aiming to make care affordable and easy to access. There are many MinuteClinic and HealthHUB locations within CVS Pharmacy. As the largest pharmacy chain in the United States, there are around 10,000 stores in operation as of 2022.

For more information about CVS Pharmacy, including what the CVS Pharmacy System is, where CVS Pharmacy was founded, and who owns the CVS Pharmacy, keep reading for more facts!

What is CVS Pharmacy Known For?

CVS Pharmacy is known for selling prescription drugs, as well as other products including cosmetics, film and photo services, as well as seasonal merchandise.

The company is wellness-focused, regularly adjusting its goals to align with its mission statement and values, such as choosing not to sell cigarettes to help promote a healthier lifestyle for its customers.

As the company mission statement says, CVS strives to ‘help people on their path to better help’ through their products and services.

How is CVS Pharmacy Different?

CVS Pharmacy operates differently than other retailers as it has health and wellness at the center of the brand.

The uniqueness of CVS Pharmacy also derives from the fact they’re able to deliver medication as well as front-of-house products.

Working with Teledoc has allowed CVS Pharmacy customers access to nurses who can help to diagnose ailments and offer prescriptions that can be fulfilled at CVS Pharmacy.

Acquiring MinuteClinics has also allowed CVS Pharmacy to offer vaccinations and routine screenings, showing how the company continually improves its systems to aid customers.

What Type of Store is CVS Pharmacy?

CVS Pharmacy is an American retail corporation that is a subsidiary of the larger CVS Health Corporation, which works to provide health and wellbeing services.

CVS Pharmacy is the largest pharmacy chain in the United States, both in the number of locations and prescription income.

What is the CVS Pharmacy System?

What is the CVS Pharmacy System?

The CVS Pharmacy system is called the ScriptPath system and was created to help patients with multiple medication prescriptions organize their information by having it all available in one place.

ScriptPath prescription management services will be available in virtually every CVS Pharmacy service to help customers.

What is CVS CarePass?

As well as offering competitive prices for customers, CVS Pharmacy also offers a rewards scheme known as CarePass to help customers save even more money within stores.

A CVS CarePass is a paid membership that costs $48 a year or $5 per month and offers shoppers many rewards including a $10 monthly reward to spend in-store and free delivery for their prescriptions.

Customers can join the CVS CarePass scheme either in-store at CVS Pharmacy or online.  

CVS Pharmacy also offers a free scheme known as CVS ExtraCare where customers can obtain vouchers to help them save in-store. CVS Pharmacy also offers the CVS Beauty Club and Pharmacy & Healthcare Buck Rewards.

What Does the CVS Stand for in CVS Pharmacy?

The CVS of CVS Pharmacy stands for ‘Consumer Value Stores,’ which was the original name of the company when it was originally opened in 1963, while the name CVS Pharmacy was not used until 1964.

Who Owns CVS Pharmacy?

CVS Pharmacy is a subsidiary of CVS Health. The current CEO of CVS Pharmacy is Karen S. Lynch, who was appointed in February 2021.

When was CVS Pharmacy Founded?

CVS Pharmacy was originally founded by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland on May 8th, 1963 in Lowell, Massachusetts. The original name of the store was the Consumer Value Store, which was later shortened to CVS.

The current headquarters of CVS Pharmacy is in Rhode Island in the United States, and there are currently 203,000 employees at CVS as of 2022.

If you want to know more, you can also see our posts on the biggest CVS competitors, CVS mission statement, and CVS facts & trends.

Conclusion

CVS Pharmacy sells a range of prescription drugs, as well as over-the-counter medication to customers. General goods like greeting cards and convenience foods can also be found within CVS Pharmacy.

There are also a number of services available at CVS Pharmacy, including prescription fillings, vaccination centers as well as photo services. Overall, CVS Pharmacy strives to improve the health and wellbeing of customers.

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Marques Thomas

Marques Thomas graduated with a MBA in 2011. Since then, Marques has worked in the retail and consumer service industry as a manager, advisor, and marketer. Marques is also the head writer and founder of QuerySprout.com.

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