Economic Impact
CVS Health National Economic Impact Report
CVS Health is one of the nation’s largest health solutions companies, with a workforce of hundreds of thousands and thousands of locations nationwide. Its operations generate economic activity through payroll, purchasing, capital investment, and an extensive supplier network.
Case Study:
CVS Health National Economic Impact Report
The Puzzle
CVS Health operates at national scale, serving communities across all 50 states. But the full economic footprint of an integrated health solutions company is often discussed in parts—without a single, consistent view of total impact. CVS Health engaged Parker Strategy Group to quantify its nationwide economic contribution in a clear, defensible way.
Profile
CVS Health is one of the nation’s largest health solutions companies, with a workforce of hundreds of thousands and thousands of locations nationwide. Its operations generate economic activity through payroll, purchasing, capital investment, and an extensive supplier network.
How we helped
Parker Strategy Group developed a National Economic Impact Report using a consistent modeling framework to measure:
- Direct activity from operations and investment
- Supply-chain impacts across vendors and supporting industries
- Household-spending impacts tied to labor income
- Jobs supported, labor income generated, and tax revenues supported
- State-by-state impact profiles using a uniform methodology
The analysis found that CVS Health’s FY24 activities generated:
- $474.2B in total U.S. economic impact
- 1.3M jobs supported and sustained nationwide
- $89.B in labor income generated
- $58.6B in federal, state, and local taxes supported
How It Helped The Client
This work equipped CVS Health with a credible, consistent narrative to support stakeholder communications, policy discussions, and community engagement—grounded in clear metrics and a replicable approach.
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