WOONSOCKET, R.I., Jan. 14, 2019 /PRNewswire/ -- Following its completed acquisition
of Aetna, CVS Health (NYSE: CVS) today announced a $100 million
commitment to making community health and wellness central to the newly combined company's charge for a better world. The new
Building Healthier Communities initiative, which will be funded over five years through the combined company as well as
the CVS Health Foundation and Aetna Foundation, builds upon the outstanding tradition of community investment by both
organizations and mobilizes their scale, combined capabilities and resources behind a unified strategy to deliver a measurable
impact on the health of communities across the United States.
"We believe the path to better health and a better world can be reached by creating a whole new health care model that's more
local, affordable, and easier to use. And by strengthening our local support and community engagement, we can further improve the
health of our communities," said Larry J. Merlo, President and CEO, CVS Health, during a speech today at the National Press Club in Washington D.C. "Our
new commitment builds upon the exemplary track records of CVS Health and Aetna in supporting
community-based organizations to ensure they have the most effective tools, resources and solutions to accelerate the improvement
of health care for individuals and families across the country."
Through Building Healthier Communities, CVS Health will invest $20 million annually
across three funding categories to support a range of initiatives and non-profit organizations. These include:
Improving Local Access to Affordable Quality Care
Building on its local impact over the past decade, CVS Health will expand its Project Health campaign to target more
underserved and underinsured communities beginning in 2019, with an aim of reaching more at-risk populations with free health and
wellness screenings. Project Health offers a no-cost comprehensive health assessment, including blood pressure, Body Mass Index
(BMI), glucose and total cholesterol screenings, which can detect early risks for chronic conditions like diabetes, hypertension,
and heart disease. Since it was founded in 2006, Project Health has delivered more than $127
million in free health care services to nearly 1.7 million Americans.
The expansion of Project Health will also do more to screen for social determinants of health that affect personal health and
communities. About 60 percent of life expectancy is driven by behavioral, social and environmental factors – including family,
education, housing, and access to fresh food.1 Project Health events have a proven track record of improving patient
engagement and ultimately, healthier outcomes. More than 87% of patients who attend Project Health events report
following-up with their primary care physician and were significantly more likely to proactively discuss their blood pressure,
BMI and blood sugar levels, according to the company's own metrics.
In addition, Project Health events provide opportunities for our charitable partners to drive community members who seek
access to care. All events are promoted among local organizations like the LGBT Center in Los
Angeles, the YMCA of Metro Atlanta, ACCESS Michigan in Detroit, and The NAACP in
Houston.
Through its Building Healthier Communities initiative, CVS Health will continue to make strategic investments that
enable access for more people to local resources like Meals on Wheels, free clinics and community health centers. Through grant
funding in 2019 to more than 100 free clinics and community health centers in the communities we serve, CVS Health can help
address these social and health disparities.
Impacting Public Health Challenges
CVS Health will make significant investments in support of innovative approaches to managing chronic disease, including
diabetes, heart disease and high blood pressure. About 60 percent of Americans have at least one chronic disease, which accounts
for 86 percent of health care spending.2 Funding will support partnership organizations uniquely positioned to tackle
these public health challenges, including the American Cancer Society, American Lung Association and American Diabetes
Association. Through best-in-class organizations like these, we can increase our local reach and meet people where they are. For
example, we're teaming up with the American Heart Association with a goal to improve the blood pressure of 3.5 million women by
providing increased access to blood pressure screening and diagnostic tests. Through the initiative, more than $4 million has already been invested to add blood pressure kiosks in highly-trafficked, community-based
locations in cities including: Baltimore, MD; Charlotte, NC;
College Station, TX; Fort Worth, TX; Houston, TX; Kansas City, MO; Lancaster,
PA; New York City, NY Raleigh, NC; Twin Cities, MN; and Washington, D.C.
At the same time, CVS Health will continue to help tackle the nation's opioid crisis as part of its new commitment. Funding
will be directed to organizations that are innovating in the area of addiction treatment. For example, we're partnering with
Easterseals to prevent and mitigate prescription drug abuse among our nation's veterans. Easterseals affiliates are in
communities nationwide and are immersed in providing community-based care, including mental health and recovery services, for our
nation's veterans, their families and caregivers. Both CVS Health and Aetna have responded to
this national epidemic in a variety of ways. Aetna was the first national insurer to waive
co-pays for naloxone, the drug that reverses opioid overdoses. And in 48 states, CVS Health is dispensing naloxone with no
individual prescription needed. Both companies also took the step to strengthen management of opioid prescriptions. As a result
of these efforts, CVS Health has seen a nearly 72 percent drop in covered opioid prescriptions that go beyond a seven-day
supply.
In addition, CVS Health's leadership in helping youth lead tobacco-free lives will continue as part of the company's
Building Healthier Communities strategy. The company's signature program, "Be The First" will continue to fund
universities, women's colleges, community colleges and Historically Black Colleges & Universities (HBCUs) to go tobacco-free;
e-cigarette education; tobacco control and healthy behavior programming through national and local partnerships including,
Campaign for Tobacco-Free Kids, CATCH Global Foundation, CDC, and Truth Initiative with a goal of helping deliver the nation's
first tobacco-free generation.
Partnering with Local Communities
Through the Aetna Foundation and its collaboration with U.S. News & World Report, CVS Health will support the
Healthiest Communities rankings, a groundbreaking report that evaluates the health of nearly 3,000 communities nationwide across
10 categories, from education and population health to infrastructure and economy. In addition to assessing which communities
offer their citizens the greatest opportunity to live a productive, healthy life, the rankings, which were first released in
2018, identify the best approaches for improving public health that can be shared and implemented across the country.
While the Healthiest Communities rankings help identify critical needs of individual communities, the CVS Health Foundation
and Aetna Foundation will continue supporting community-driven solutions that address social determinants of health and help make
improvements in important public health issues. By supporting organizations that are dedicated to enhancing important factors
that contribute to the well-being of communities, such as safe outdoor spaces, affordable transportation, and access to fresh
fruits and vegetables, the company's philanthropic efforts can have a significant impact on health issues such as the opioid
epidemic, food insecurity and inequities in health care. The communities supported by Aetna Foundation grantees are already
seeing positive outcomes, such as bringing new healthy food access points to within a mile of more than 1.6 million people and
revitalizing public spaces to create new walkable destinations within a half-mile of more than 527,000 people.
These outcomes are due to the work being done by community-based organization who are working at the neighborhood level to
deliver local impact. Organizations such as: Healthy Mothers, Healthy Babies Coalition of Broward
County, Florida, which tackles high rates of racial/ethnic disparities in maternal/child health; FoodLab Detroit, which is
focused on strengthening Detroit's regional food system by creating a new food economy; and
Go Austin/Vamos Austin, which promotes resident-led improvements to
healthy foods and living environments. We will also expand initiatives utilizing community assets such as barbershops to improve
hypertension in African American communities, launch new partnerships for multi-generational learning to improve health outcomes
in high risk communities, and facilitate cross-sector collaboration among key stakeholders at the city and county levels.
In addition, CVS Health and Aetna employees have pledged a minimum $10
million in value of volunteer hours each year, offering their time and expertise to creating healthier, more sustainable
communities. CVS Health and Aetna support these efforts through a robust volunteer platform
where colleagues can volunteer regularly, and get involved with a range of local partner organizations to help address unmet
health and social needs.
"Health starts at the community level. By combining the capabilities and philanthropic resources of CVS Health and
Aetna, we can engage and empower local communities to address their unique health care needs and
make a real difference," added Merlo. "Ultimately, we're aspiring to deliver better health care which in turn creates better
communities and a better world."
About CVS Health
CVS Health is the nation's premier health innovation company helping people on their path to better health. Whether in one of
its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making
quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging
consumers with the care they need when and where they need it. The Company has more than 9,800 retail locations, approximately
1,100 walk-in medical clinics, a leading pharmacy benefits manager with approximately 93 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. CVS Health also serves an estimated 39 million people through traditional,
voluntary and consumer-directed health insurance products and related services, including a rapidly expanding Medicare Advantage
offering. This innovative health care 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.
Contacts:
Media Contacts:
Joe Goode, Joseph.Goode@CVSHealth.com
O: 401-770-9820; M: 781-799-6048
Ethan Slavin, SlavinE@aetna.com
O: 860-273-6095
Investor Contact:
Michael P. McGuire, Michael.McGuire@CVSHealth.com
O: 401-770-4050
Endnotes
1 "Beyond Health Care: The Role of Social Determinants in Promoting Health and Health Equity," Kaiser
Family Foundation. Accessed at https://www.kff.org/disparities-policy/issue-brief/beyond-health-care-the-role-of-social-determinants-in-promoting-health-and-health-equity/.
2 "Health and Economic Costs of Chronic Diseases," U.S. Centers for Disease Control and Prevention. Accessed at
https://www.cdc.gov/chronicdisease/about/costs/index.htm
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SOURCE CVS Health