CVS Specialty

Name

CVS Specialty

Legal name

CVS Specialty, Inc.

Website

https://cvsspecialty.com

Company type

Private

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Specialty Pharmacy Services

NAICS

Pharmacies and Drug Retailers (456110), Ambulatory Health Care Services (621)

SIC

Retail-Drug Stores And Proprietary Stores (5912), Services-Home Health Care Services (8082)

akta.pro primary industry

Specialty Pharmacies (Complex/High-Cost Therapies) (HLAFALAC)

akta.pro secondary industries

Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG), Specialty Pharmacy Benefit Management (Specialty PBM) (HLAEAKAE), Pharmacy & Health Essentials Delivery (CRAFAFAI)

Keywords

• Specialty pharmacy services
• Home infusion therapy
• Specialty medication dispensing
• Chronic disease management
• Pharmacy benefit management

Headquarters

HQ city

Woonsocket

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Specialty Medication Dispensing: CVS Specialty dispenses specialty medications for complex and chronic conditions including oncology, rare diseases, immunology, and other specialty therapies. Revenue is generated through pharmacy benefit plan coverage, insurance claims processing, and patient copayments/coinsurance.
2. Coram Infusion Services: Home infusion and nutrition therapy services including IV medications, total parenteral nutrition (TPN), and tube feeding. Services include medication, equipment, supplies, and nursing support, billed through insurance.
3. Pharma Partnerships: Collaborations with pharmaceutical manufacturers for limited distribution drugs, biosimilars, and gene therapies. CVS Specialty manages product launches and distribution for pharma partners.
4. Payor Services: Specialty pharmacy benefit management services for health plans, including clinical care coordination, prior authorization support, and analytics to help payors manage specialty drug spend.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

CVS Specialty is a specialty pharmacy that dispenses medications for complex and chronic conditions including oncology, rare diseases, immunology, and HIV, supported by condition-specific CareTeams of nurses and pharmacists. It also provides home infusion and nutrition therapy through Coram, with medications delivered to patients' homes, workplaces, or any of 9,000 CVS Pharmacy pickup locations across all 50 states.

Product overview

CVS Specialty operates as a specialty pharmacy with two core offerings: CVS Specialty (for complex and chronic condition medications) and Coram Infusion Services (for home infusion and nutrition therapy). The portfolio includes provider-facing tools like CVS Specialty Central for prescription tracking and CVS Specialty Expedite for EHR-enabled patient onboarding, patient-facing digital tools including a mobile app and CVS Health MyChart patient portal, and physical care options through CVS Infusion Care ambulatory suites. All services are supported by dedicated CareTeams of specially trained nurses and pharmacists.

Differentiator

Problem solved

Functional benefit

Brands

• CVS Specialty Central: Provider portal for tracking prescription orders 24/7 and accessing patient information
• CVS Specialty Expedite
• Coram Infusion Services
• CVS Infusion Care Suites
• CVS Specialty Easy Refill
• Cell and Gene Therapy Experience Center

Products and services

• CVS Specialty A specialty pharmacy service that dispenses medications for complex and chronic conditions including oncology, rare diseases, immunology, and HIV, with dedicated CareTeam support, digital pharmacy tools, and home delivery or CVS Pharmacy pickup options.
• Coram Infusion Services Home infusion and nutrition therapy services including IV medications, total parenteral nutrition (TPN), and tube feeding with 24/7 clinical and nursing support for patients in their homes.
• CVS Infusion Care Suites Ambulatory infusion suites providing specialty infusion or injection therapy in a non-hospital setting with flexible scheduling and nursing support, located across Arizona, California, Florida, Illinois, Minnesota, New Mexico, Nevada, Pennsylvania, and South Carolina.

Quantifiable outcome

• 50% of prescriptions processed without additional outreach to prescribers
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Accredo (Express Scripts / Evernorth): Accredo is the largest US specialty pharmacy operated by Evernorth (Cigna's PBM/Health Services arm), offering dispensing, home infusion, care management, and limited distribution drug access for oncology, rare disease, and gene therapy. It competes directly with CVS Specialty on the same pharma limited distribution panels, payor contracts, and patient populations.
• Prime Therapeutics Specialty Pharmacy: Prime Therapeutics is a PBM owned by multiple Blue Cross Blue Shield plans and operates its own specialty pharmacy offering for complex and chronic conditions. It is comparable to CVS Specialty in providing specialty dispensing, clinical management, and payor-aligned services across a national footprint.
• Humana Pharmacy (Humana Inc.): Humana Pharmacy is Humana's owned specialty and mail-order pharmacy serving Medicare Advantage and Part D members with chronic and complex conditions. Like CVS Specialty, it leverages its parent payor for embedded specialty volume and competes for limited distribution drug access.
• Optum Specialty Pharmacy (Optum Rx / UnitedHealth Group): Optum Specialty Pharmacy (built on acquired Avella, Diplomat, and US Bioservices) is a national specialty pharmacy aligned with the Optum Rx PBM and UnitedHealthcare. It mirrors CVS Specialty's full-stack model spanning mail, infusion, gene therapy distribution, and provider digital tools, and is the most direct competitor within integrated payor-PBM-specialty stacks.
• CenterWell Specialty Pharmacy (Humana): CenterWell Specialty Pharmacy is Humana's specialty pharmacy serving senior and Medicare Advantage members with complex therapies, including home infusion. It is a vertically integrated specialty peer aligned with a major payor, comparable to CVS Specialty's Aetna/Caremark alignment.
• Walgreens Specialty Pharmacy (Walgreens Boots Alliance): Walgreens Specialty Pharmacy operates a national specialty mail and retail-pickup network under Shields Health Solutions and AllianceRx Walgreens Prime, serving oncology, HIV, and rare disease patients. It competes head-to-head with CVS Specialty for limited distribution drug panels, payor contracts, and provider referrals.
• CarelonRx Specialty (Elevance Health): CarelonRx (formerly IngenioRx), Elevance Health's PBM, operates a specialty pharmacy including BioPlus, providing dispensing, prior authorization, and clinical management for complex therapies to Elevance-affiliated health plans. It is a vertically integrated direct peer with payor ownership comparable to CVS Specialty.

Broad incumbents

• Amazon Pharmacy (Amazon): Amazon Pharmacy (built on PillPack) is Amazon's consumer-facing mail-order pharmacy that has been expanding into specialty and chronic-condition medications. While not yet a specialty-only player at CVS Specialty's scale, it represents a disruptive adjacent competitor leveraging consumer logistics and Amazon's broader healthcare investments.

Emerging players

• Walmart Specialty Pharmacy: Walmart Specialty Pharmacy operates within Walmart's pharmacy organization to dispense specialty and complex-condition medications with national reach and retail-store pickup optionality. It is a smaller, emerging specialty peer whose retail footprint mirrors CVS Specialty's 9,000-store pickup network.
• Onco360 Oncology Pharmacy: Onco360 is a specialty pharmacy focused exclusively on oncology and hematology medications, competing for limited distribution oncology launches. It is a niche specialty peer whose therapeutic focus overlaps directly with one of CVS Specialty's strongest categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cvsspecialty

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CVS Specialty