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Inside This Issue - News
Walgreen Co. is ideally positioned for “the retailization of health care,” president and chief executive officer Greg Wasson said at the company’s Analyst Day conference. Community pharmacy groups won a major victory earlier this month in their continuing battle to stem reductions in pharmacy reimbursement. A move by Washington state officials that could result in the loss of prescription drug benefits for about 500,000 adults whose prescriptions are covered by Medicaid has been described as a “perilous situation” by the National Association of Chain Drug Stores. Richard Smith has been promoted from president and chief operating officer to chief executive officer at BioScrip Inc. Same-store sales growth has been hard to come by for the nation’s largest pharmacy chains of late, but business prospects for mass retailing overall look a bit brighter heading into the holidays. Navarro Discount Pharmacy has strengthened its management team with the hiring of three new executives. Rite Aid Corp. has launched Rite Aid Online Care, a new service that enables patients with chronic conditions to engage in live, interactive consultations with specially trained Rite Aid pharmacists via the Internet. Pharmaca Integrative Pharmacy has established an Integrative Health Advisory Board. Walk-in health clinics at Duane Reade can now accept Medicare payments for routine health services provided to senior citizens. The National Association of Chain Drug Stores has called on the Food and Drug Administration to improve the usefulness of medication information that patients get with prescription drugs.
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