WOONSOCKET, R.I. and WASHINGTON, July 31, 2014 /3BL Media/ -- CVS/pharmacy and URAC announced today that CVS/pharmacy is the first pharmacy in the nation to earn the new Community Pharmacy accreditation from URAC, the leading health care accreditation organization that establishes quality standards for the health care industry. All CVS/pharmacy and Longs Drug Store locations nationwide have earned this accreditation.
Here are three new examples of the CVS Effect in action that show how brands can change how business operates — for the better (the “CVS Effect” is shorthand for recognizing brands that are doing the right thing, because it’s the right thing to do). In these cases, the “right thing” is choosing to share information and resources, even when there’s a risk of losing market dominance or taking a financial hit.
Our approach to corporate social responsibility (CSR) ties directly to our purpose: helping people on their path to better health. As a pharmacy innovation company, we work every day to provide products and services that help people on this journey. We also strive to address the other obstacles people might encounter on their path, such as the affordability and accessibility of their health care. We define these efforts and our CSR strategy as our Prescription for a Better World.
Over the last decade, there has been greater emphasis on how a company operates and conducts its business affairs, beyond what it returns to its investors. While growth and return on investment will always be determinants of a successful business, we believe there is more to the equation when considering a company’s long-term viability and value to society.
According to leading experts, climate change is one of the most pressing issues of our generation. Changes including extreme temperatures, rising sea levels and more frequent weather-related disasters are being observed and are projected to continue. The potential impacts of climate change are also varied. In some parts of the world, water scarcity is expected to increase; in other places, greater rainfall and rising temperatures will have a serious impact.
The role of health care in the United States is evolving at breakneck speed. More Americans are becoming insured, the baby boomer population is rapidly aging, and there is a steady rise in the prevalence of chronic disease. While demand for health care services is increasing, the number of family practice physicians is decreasing, and our nation may not be producing as many qualified health care workers as we will ultimately need.