CVS Health Launches Vendor Benefit Management Service

CVS Health announced the availability of Vendor Benefit Management. The new service will help CVS Caremark pharmacy benefit management (PBM) clients more easily contract, implement, and manage their choice of available and emerging third-party health and wellness benefit solutions both digital and non-digital. Big Health, a digital therapeutics company, is the first participating vendor, and Sleepio, its automated, personalized digital sleep improvement program, will be available to CVS Caremark clients via Vendor Benefit Management.

The new service offers clients a seamless way to access negotiated pricing, standardized member eligibility verification in real-time, simplifies billing and payment processing . . .