Randy Falkenrath Appointed SVP of Specialty Pharmacy at CVS Caremark

CVS Caremark has appointed Randy Falkenrath to the position of senior vice president of Specialty Pharmacy. In this role, Falkenrath will be responsible for the ongoing development of clinical programs and product management to support the company’s Specialty Pharmacy business.

Falkenrath brings more than 26 years of experience in the health plan, pharmaceutical, and medical device industries to his new position. During the past 9 months, he worked within the company’s Specialty Field Operations group.

Prior to joining CVS Caremark, Falkenrath was senior vice president of Specialty Pharmacy and Business Development for UnitedHealthcare’s commercial pharmacy benefit management (PBM) business. Previously, Falkenrath was a partner in the life sciences consulting division of Computer Sciences Corporation (CSC) and also held leadership positions at Baxter International Inc and Searle Pharmaceuticals.

“Specialty Pharmacy is an important growth area for CVS Caremark over the next few years, and Randy Falkenrath’s in-depth experience and knowledge of the industry make him uniquely qualified to lead our Specialty Pharmacy business,” said Jon Roberts, executive vice president and chief operating officer for the CVS Caremark PBM business in a statement. “His expertise will enable us to continue to enhance our specialty pharmacy leadership and identify further opportunities for integration across the CVS Caremark enterprise so we can better help patients dealing with complex, debilitating diseases on their path to better health.”

Falkenrath holds a bachelor’s degree from Northwestern University and a master’s in Business Administration from Northwestern University’s Kellogg Graduate School of Management.