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Inside This Issue - News
Chain drug executives are sounding an upbeat tone as they size up their prospects for 2013. Thrifty White Pharmacy is reinventing the essential component of chain drug retailing by recasting pharmacists as patient counselors and practitioners of medication therapy management. For seeking to end the long-standing limitations on pharmacists from the rote demands of dispensing prescriptions, Thrifty White has been recognized as Chain Drug Review’s Pharmacy Innovator of the Year for 2012. Pharmacists at Rite Aid Corp. are making a bigger commitment to health care. Embracing a broader role, the drug chain’s pharmacy team is on a mission to not just provide vital medications but also help the people and the communities they serve improve their overall health and wellness. The result has been a resurgent pharmacy business. When the editors of Chain Drug Review looked back at 2012 with an eye toward identifying the executives who had the biggest impact on the industry, one event and the people behind it clearly stood out: the unprecedented partnership Walgreen Co. and Alliance Boots, two of the world’s premier retail and health care companies, have forged. Rite Aid Corp. reported its first quarterly profit since May 2007, thanks largely to generic drug sales that bolstered gross margin as well as improved front-end sales. Denise Carpenter has been named president and chief executive officer of the Canadian Association of Chain Drug Stores. CVS Caremark Inc. will continue to bring innovative ideas and services to the health care market, the company’s executives told dozens of Wall Street analysts gathered here last month for the company’s annual analysts day. The early arrival of Thanksgiving lifted chain drug holiday sales above last year’s levels. A federal appeals court here affirmed California’s right to cut reimbursement payments to Medi-Cal providers by 10%. Navarro Discount Pharmacy has opened its 32nd store, located in Miami’s Kendall section. Bartell Drugs has announced the selection of Rob Jensen as chief financial officer. The National Association of Chain Drug Stores has promoted David Fitzsimmons to senior vice president of finance and administration. CVS/pharmacy has acquired 19 of Medicine Chest’s 29 drug stores in Texas. North Carolina Sen. Kay Hagan continues to be hailed by community pharmacy advocates for her efforts to improve patient care. Half the states in the country have refused to create the health insurance exchanges called for under the health care reform law, according to data compiled by the Henry J. Kaiser Family Foundation. Rite Aid Corp. will leverage the Surescripts Network for Clinical Interoperability to electronically deliver patient immunization notifications directly to health care providers. AmerisourceBergen Corp. has named Peyton Howell as a corporate senior vice president and as president of global sourcing and manufacturer relations.
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