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CLAIM #18312 · CVS Health Corp (CVS) · 2023Q3 earnings call · Nov 1, 2023 · due Dec 31, 2024

as we think about Cordavis in 2024, we absolutely believe that there will be a benefit as we drive volume through that organization.

Tom Cowhey · Interim CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

ifts over time? Tom Cowhey: A couple of things in there, Eric. So let me start, and David can add any color commentary. Sourcing benefits, our trade teams are exceptional. They continue to execute every year. Some of the strength that we saw in the vaccine franchise as part of their efforts and some of -- planning some of their strategies to what we do more broadly. So I wouldn't say that there's anything exceptional or except for the fact that, that team is exceptional every day. Your point on drug mix and rebates, I think is spot on. GLP-1s are a category that particularly with enhanced competition is going to present an excellent opportunity for us to continue to drive lowest net cost. But the way that, that's developed this year has made some of our guarantees less onerous to hit. And as we think about Cordavis in 2024, we absolutely believe that there will be a benefit as we drive volume through that organization. Operator: Final question we have time for today is from Elizabeth Anderson from Evercore ISI. Elizabeth, please go ahead. Your line is open. Elizabeth Anderson: Hi, guys. Thanks so much for the question. I also wanted to return to some of the headwinds and tailwinds you talked about. I think previously for the HSS segment, I think you talked about sort of the poor AOI growth being like mid-single digits for 2024 and the assumptions that you put through. So I was wondering, if you still -- like given all those headwinds to tell that you're saying that would be sort of how you would still that business? And then secondarily, I hear what you're saying about some of the labor investment. How do we think about that on more of a like quantitative level in terms of '24 versus obviously some of t

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SEC filings for CVS · Claim quote is verbatim from the 2023Q3 earnings call.