Writing a new prescription for front-store growth
The who, why, what, where and how of health care retail are changing faster and more dramatically than for perhaps any segment of consumer packaged goods.
Bill Schiffner
Community pharmacy and retail taking on new role
Retail in the future will look nothing like what we see today. A new role for physical retailers is long overdue, and only a few have satisfied the need for change.
Pressure on pharmaceutical prices expected to persist
Pricing pressures have become the new normal for the pharmaceutical industry. Three main factors are forcing down drug prices: government pressure, patent losses and the rise of generics. In developed markets, governments account for nearly 76% of spending on hospitals and other medical services.
How Rx can fill info voids for specialty patients
Consumers facing complex health conditions that are treated by specialty medications don’t need more ads.
Wholesalers give overlooked channel pivotal support
There is no question that consumer shopping behavior is forcing brick-and-mortar retailers, e-commerce providers and consumer packaged goods companies to look for new growth opportunities and ways of providing differentiated shopping and brand experiences.
The NACDS Total Store Expo is “changing”
Welcome to the 2018 NACDS Total Store Expo. This year’s event will be unlike anything else before it, because that is the nature of the transformation in which the industry is engaged.
Capsule setting stage for national presence
On the heels of the Amazon/PillPack deal, online pharmacy startup Capsule Corp. is preparing to take its business on a national scale. The New York City-based venture-funded company offers same-day delivery of medicines and access to a team of pharmacists via text, email or phone.
Chain drug store operators need to go back to the future
I grew up in a very small town, Yardley, Pa., in the 1970s. Main Street, “downtown,” had only one pizza place (Vince’s), one convenience store (WaWa) and no movie theater. We did, however, have two drug stores less than 150 yards from each other. In the 20 years that I lived in
Current Rx payment system needs to be changed
Physicians Robin Warren and Barry Marshall were practically laughed out of health care in 1982 when they suggested that a type of bacteria might be causing stomach ulcers. It took more than a decade before their theory that treating ulcers with antibiotics to kill H.
Amazon moves to crack the pharmacy market
Amazon.com’s venture into the pharmacy market has finally been confirmed. On June 28, Amazon announced that it had entered into an agreement to buy U.S.-based online pharmacy PillPack.
Target sees sales, store traffic on the rise in Q2
Target Corp. on Wednesday posted a 6.5% comparable sales gain for its second quarter, driven by increased store traffic and online sales. That is the company’s biggest increase in more than a decade. Total company sales increased 7.0%, to $17.6 billion, and total revenues rose 6.9% to $17.
Community pharmacy confronts an Amazon-size headache
For the pharmaceutical industry, and particularly drug store retail chains like CVS Pharmacy and Walgreens, Amazon.com is about to become a headache that not even the strongest pain meds can cure.
Preserving the impact of biopharmaceutical innovation
Health care economists, health system leaders and policy makers have been talking seriously about measuring and paying for value in health care for more than a decade.
State associations honor BGC pharmacy professionals
TYLER, Texas – Three Brookshire Grocery Co. (BGC) pharmacy professionals were recently recognized at the state level. Ben Orlando, pharmacy manager at a Brookshire’s store in Monroe, Louisiana, received awards from the Louisiana Pharmacists Association (LPA).
Using drug spend, utilization data to improve outcomes
Thanks to the ever-growing applications of data analytics technology, chain drug stores have a unique opportunity to create benefits ranging from improved member outcomes to lowered spending.
Hallmark rolls out “Put It Into Words” with Gabrielle Union
Hallmark launched “Put It Into Words,” a nationwide effort to put more caring into the world with cards, on Monday, July 30 with an inspiring evening hosted by Gabrielle Union at Lombardi House in Los Angeles.