CA - CVS Health Corporation (CVS) BofA Securities 2024 Health Care Conference (Transcript)
2024-05-14 13:47:10 ET
CVS Health Corporation (CVS)
BofA Securities 2024 Health Care Conference
May 14, 2024 10:20 AM ET
Company Participants
Thomas Cowhey - Chief Financial Officer
Conference Call Participants
Allen Lutz - BofA Securities
Presentation
Allen Lutz
Your analyst at BofA. On behalf of the entire bank, I'd like to welcome everyone to 2024 BofA Healthcare Conference. We are incredibly grateful and excited to have CVS Health with us. We have CFO, Tom Cowhey; and Head of IR, Larry McGrath, in the audience. I think Tom has some prepared remarks.
Thomas Cowhey
Yes. Thanks, Allen.
First off, we'll make forward-looking statements today. So please look at all our SEC filings, look at the risk factors. I encourage you to read through them as you -- and take our remarks in that context.
I just want to start by saying and acknowledge that we're very disappointed by our first quarter results. Frankly, just not an acceptable level of performance. Karen and I are both taking this very personally. And we're rallying the teams to deliver the results that you should expect from us. We continue to believe that Medicare Advantage can be a good and important business for our franchise. And unfortunately, it's just going to take us a couple of years to get it back on track. But we're going to start that process with our 2025 bids that go in just a few weeks....
CVS Health Corporation (CVS) BofA Securities 2024 Health Care Conference (Transcript)