System Issue At CVS Caremark Leaves Patients Stranded Without Medications
Portfolio Pulse from Vandana Singh
CVS Health Corp's unit, Caremark, experienced an unexpected system slowdown that halted prescription processing, leaving some patients without their medications. The issue affected all types of businesses managed by CVS Caremark, which funds prescriptions at thousands of drugstores. The system is now operational, but there might be temporary delays due to a backlog of prescriptions. The cause of the issue was not disclosed.
July 12, 2023 | 12:06 pm
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CVS Health Corp's unit, Caremark, experienced a system slowdown that affected prescription processing. The system is now operational, but there might be temporary delays due to a backlog of prescriptions.
The system issue at CVS Caremark, which affected prescription processing, could negatively impact the company's reputation and customer trust. This could potentially lead to a short-term decrease in the company's stock price.
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