By the close of 2012 two key questions regarding the Affordable Care Act were finally addressed: one, whether the health care reform law is constitutional and, two, whether it would be repealed under a new administration.
No more confusing or misunderstood retail or health care alliance exists today than the relationship among the CVS drug chain, the Caremark PBM and the MinuteClinic immediate-care network.
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.
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.
Thrifty White Pharmacy is reinventing the essential component of chain drug retailing by recasting pharmacists as patient counselors and practitioners of medication therapy management.
Chain drug executives are sounding an upbeat tone as they size up their prospects for 2013. Though most executives express concern about fiscal developments in Washington, they are confident in the outlook for the retail pharmacy industry.
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. The bottom line for the 13-week fiscal 2013 third quarter ended December 1 swung to a net profit of $61.9 million, or 7 cents
Denise Carpenter has been named president and chief executive officer of the Canadian Association of Chain Drug Stores. Before joining CACDS, she served as president and CEO of the Canadian Nuclear Association (CNA) from 2009 to 2012.
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. Total sales rose 4.6%, with same-store volume climbing 2.4%, as customers took advantage of extra holiday shopping days, according to research by Racher Press Inc., the publisher of Chain Drug Review.
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. “The new store in West Kendall is well positioned in the Kendale Lakes Plaza among other discount brand retailers,” said president and chief executive officer Juan Ortiz.
Bartell Drugs has announced the selection of Rob Jensen as chief financial officer. The community pharmacy operator noted that Jensen previously was senior vice president and CFO at Car Toys, a Seattle-based retailer of mobile entertainment, performance accessories and wireless phones.
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. Executives say the company will keep nine of the stores open and absorb the others into nearby existing CVS locations. Plans call for Medicine Chest to continue to operate its remaining 10 stores.
North Carolina Sen. Kay Hagan continues to be hailed by community pharmacy advocates for her efforts to improve patient care. The National Association of Chain Drug Stores, for instance, recently cited the Democratic lawmaker for her continued leadership on behalf of pharmacy patient care.
