Aetna Inc. has hired another company to handle some pharmacy benefit management activities.
Aetna, Hartford (NYSE:AET), will be keeping its own pharmacy benefit manager (PBM) unit but getting some services from CVS Caremark, Woonsocket, R.I. (NYSE:CVS), the companies say.
Aetna will continue to manage clinical programs, protocols and PBM oversight.
CVS Caremark will administer Aetna’s retail pharmacy network and manage Aetna’s pharmacy customer operations and PBM member services operations.