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Issue 06-27-2011

Walgreens answers HHS call for innovation

Companies dealing with health care data should intensify efforts and “move from a crawl to a sprint” to help improve the nation’s health outcomes and reduce costs, says Health and Human Services (HHS) Secretary Kathleen Sebelius. Walgreen Co.

Walmart unveils small format

Challenging the domain of drug chains, Walmart has debuted the first three of its new small-format stores. The 15,000-square-foot Wal­mart Express units opened this month in Gentry and Prairie Grove, Ark., southeast of the retailer’s Bentonville headquarters; and in Richfield, N.C.

Canning steps down at Health Mart

Tim Canning, who as president of Health Mart is credited with playing a leading role in advancing the success of McKesson Corp.’s retail independent pharmacy business, is joining Omnicare Inc. as chief marketing officer.

CVS Caremark gets major PBM contract

CVS Caremark Corp. has been awarded a three-year contract to provide integrated pharmacy benefit services for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program (FEP).

Swipe fee vote a win for retail

In a triumph for retailers, the Senate has refused to delay cuts to debit card swipe fees. Despite a lobbying blitz by the banking industry, the Senate let stand new rules curtailing the fees that banks and credit card networks can charge retailers to process debit card transactions.

Same-store sales trending upward

Walgreen Co. and Rite Aid Corp. continued their same-store sales resurgence in May, which industry analysts said could herald improving results for the drug store sector overall. At Walgreens, comparable-store sales climbed 5.6% year over year in May, up from a 3.

Navarro pushes e-commerce

Navarro Discount Pharmacy has added e-commerce capabilities to its Navarro.com website, enabling customers outside south Florida, nationwide and internationally to take advantage of the value proposition in its stores.

HDMA gives Yost its highest honor

Retiring AmerisourceBergen Corp. chariman and chief executive officer R. David Yost has received the 2011 Nexus Award for Lifetime Achievement from the Healthcare Distribution Management Association’s (HDMA) Center for Healthcare Supply Chain Research.

Merck Adherence Estimator demonstrates worth

The Adherence Estimator, a patient segmentation tool developed by researchers at Merck & Co. to help pharmacists and other health care professionals identify and assist individuals prone to medication nonadherence, has proved its worth in a variety of practice settings since its debut last year.