John Figueroa knows a good health care model when he sees one. Having held leadership roles at McKesson Corp., Omnicare Inc., Coram and Apria Healthcare Group (where he remains chairman), Figueroa immediately recognized the potential in Genoa, a QoL Healthcare Company.
Health Mart, which now has more than 4,700 stores nationwide, has grown by 50% over the past three years because it helps member pharmacies deliver and be recognized for top clinical performance, according to president Steve Courtman.
In the opening general session of McKesson ideaShare 2016 in Chicago, Chris Dimos, McKesson’s senior vice president for corporate strategy and business development, highlighted four major forces impacting the health care provided by independent pharmacies.
Marc Poulin has resigned as president and chief executive officer of Sobeys Inc. and the Canadian grocery chain’s parent company, Empire Co. His departure, announced by Empire’s board, came just days after Empire reported a $2.13 billion (Canadian) net loss for its 2016 financial year.
Walgreens Boots Alliance Inc. (WBA) is participating in the USA Precision Medicine Initiative (PMI) Cohort Program. WBA said its participation is the result of a $20 million grant awarded to The Scripps Research Institute by the National Institutes of Health (NIH).
Sandra Ryan, vice president of Walmart Care Clinics, has received the Loretta C. Ford Lifetime Achievement Award from the National Nurse Practitioner Symposium. Ford is cofounder of the first nurse practitioner program.
Higher co-pays could result in an increase of over $1 billion in federal spending for medical services, warn the National Association of Chain Drug Stores and the National Community Pharmacists Association.
Lynne Fruth, president and chairman of Fruth Pharmacy, admits she and her business were among the fortunate ones emerging from the devastation wrought by massive flooding that struck nearby Elkview, W.Va., and several other towns in that state in late June.
Kinney Drugs has partnered with HealtheConnections in a collaboration to enable doctors and other health care providers to access and share patients’ prescription information.
Retail veteran Jason Reiser has joined The Vitamin Shoppe as chief operating officer.
The Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) is exhibiting a renewed sense of energy and optimism in its role as a national pharmacy trade association.
The second annual Amazon Prime Day was held this month and, despite early technical problems that slowed down the checkout process for some customers, it was another in a series of successes for the nation’s leading online merchant. The company reported that the event was the best day in Amazon.
Chain drug store operators are unique among mass market retailers in many ways, none more dramatic than the separation of the pharmacy and front-end businesses. In fact, they are actually two separate businesses, neither overly dependent on the other for success.
CHAPTER 8: TOWARD A NEW MODEL OF COLLABORATION AND COMPETITION All new healthcare business and operating models must rapidly embrace technologies that are fundamentally collaborative; building ecosystems of value-enabling partnerships is both strategic and an operating imperative.
Delhaize Group and Royal Ahold completed their merger, as expected, on July 23. The Europe-based food and drug retailers said Saturday that the $29 billion deal has received regulatory clearance from the U.S. Federal Trade Commission, and Delhaize Group chief executive officer Frans Muller and
Coty Inc. is promoting executive vice president Camillo Pane to chief executive officer. Coty said Thursday that Pane is slated to take the CEO reins after the company closes its deal to acquire Procter & Gamble Co.’s specialty beauty business.
