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.
Consumers facing complex health conditions that are treated by specialty medications don’t need more ads.
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.
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
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.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.
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.
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.
NEW YORK – Few industries have escaped the radical shifting of landscape that has been the collateral damage of digitization.
A year after announcing it was acquiring Whole Foods Market, Amazon.com made a splash again, this time in the health care sector.
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.
As technology continues to evolve, so do criminals that seek to tap it in order to defraud individuals and businesses. The FBI’s internet crime center has been monitoring the scale of this issue and estimates that in 2017 alone over 15,000 U.S.
Hy-Vee Inc. has opened its first HealthMarket here, a concept store envisioned as a one-stop shop for consumers looking to lead a healthy, more natural lifestyle.
Walmart has hired health care industry veteran Sean Slovenski to serve as senior vice president of health and wellness at Walmart U.S. He will report directly to Walmart U.S. president and chief executive officer Greg Foran.
Amazon.com has sent a major tremor through the retail pharmacy industry with its planned acquisition of PillPack, an online pharmacy that organizes prescriptions and vitamin supplements into daily dosage packets and delivers them to patients’ homes.
Reverse distribution of pharmaceutical products accounts for 3.5% to 4% of all pharmaceutical sales — more than 120 million product units — and exceeds $13 billion in value, according to a new report from the Healthcare Distribution Alliance (HDA) Research Foundation.
