Study: Narrow networks can raise adherence rates
A CVS Health Research Institute review of pharmacy claims for more than 200,000 patients found an association between narrow pharmacy networks and improved medication adherence.
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Proper use of Rxs cuts other health care costs
An examination of data on more than 1.5 million Medicaid enrollees found that when prescription drugs are taken appropriately as prescribed by a physician there is a reduction of other medical costs for certain Medicaid populations.
Robinson, former Perry CEO, dies at 85
Jack Robinson, who was the founder, chairman and chief executive officer of Perry Drug Stores, died earlier this month. He was 85. Robinson founded Perry in 1957, when he opened his first store in Pontiac, Mich.
National ad campaign to tout Health Mart
Health Mart is launching a national radio and digital advertising campaign to attract more patients to its drug stores. The McKesson Corp.
Express Scripts picks next CEO
George Paz will retire as Express Scripts Holding Co.’s chief executive officer in May, making way for president Tim Wentworth to take over, the company said earlier this month. Paz, 60, has been CEO at Express Scripts for a decade.
McKesson agrees to acquire Rx distributor in Ireland
McKesson Corp. has agreed to purchase the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare PLC for about $466 million.
Rite Aid, Folds of Honor team up on scholarships
Rite Aid Corp. is recognizing 274 students around the country who are receiving Folds of Honor educational scholarships made possible by a $1.3 million donation from the Rite Aid Foundation’s KidCents program.
Appointments strengthen Kroger’s senior leadership team
Kroger Co. has named four executive vice presidents to lead key parts of its business. Mike Donnelly is now EVP of merchandising, Chris Hjelm is EVP and chief information officer, Fred Morganthall is EVP of retail operations, and Mike Schlotman is EVP and chief financial officer.
Cardinal launches R&D site
Cardinal Health has opened a research and development facility dedicated to reducing the estimated $5 billion wasted each year in the health care supply chain for devices and implantables. The Healthcare Supply Chain Innovation Lab, a 20,000-square-foot facility in Concord, Mass.
Federal Reserve leaves interest rates unchanged
Federal Reserve policy makers have just two more chances to raise short-term interest rates this year after taking a pass earlier this month and holding rates at their historically low levels for at least a while longer.
Diplomat divesting compounding unit
Restore Health announced this month it has entered into an agreement to acquire the compounding pharmacy assets of Diplomat Pharmacy Inc. Financial terms of the agreement weren’t disclosed.
Total Store Expo helps retailers, suppliers make connections
The health and wellness landscape is changing, and retailers able to navigate it will be better positioned for success. That ability and the capacity to build networks were key points made at the 2015 NACDS Total Store Expo in Denver by the National Association of Chain Drug Stores’ top two leaders.
Walgreens taps Boots exec for beauty, personal care
Lauren Brindley has joined Walgreens as group vice president and general merchandise manager for beauty and personal care. She succeeded Shannon Curtin, who left to pursue other opportunities.
Research shows impact of CVS’ decision to exit tobacco
Cigarette purchases across the retail spectrum have declined measurably in the year since CVS/pharmacy banned tobacco sales, CVS Health reported this month.
Satisfaction with pharmacy remains high
Despite the numerous changes occurring in the health care industry, customer satisfaction with pharmacies remains relatively stable, according to the J.D. Power 2015 U.S. Pharmacy Study.
Wysong sees Care Pharmacies extend his contract
Care Pharmacies has extended chief executive officer Michael Wysong’s employment contract for an undisclosed period. During Wysong’s tenure, Care Pharmacies’ sales have increased by more than 300%, and the company has gained recognition by the National Retail Federation.