On February 1, 2016, the Centers for Medicare & Medicaid Services (CMS) released its Final Rule interpreting the provisions of the 2010 health care reform law that address the Medicaid Drug Rebate Program (MDRP).
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.
Recent studies point to digital as the primary force driving the business and societal changes that are affecting company operations across industries. Because retail and health care are facing the most disruption, North American pharmacies can no longer afford to watch from the sidelines.
We all know the aging of the U.S. population is one of the biggest demographic changes of our era. This is presenting not only challenges to health care providers and governments but also opportunities for new technologies that deliver health services more efficiently, more effectively or faster.
The appointment of Alex Gourlay and Ornella Barra as co-chief operating officers of Walgreens Boots Alliance signals the start of a new stage in the process of forging the two companies that came together to form WBA at the close of 2014 into a new corporate culture.
The aftermath of mergers and acquisitions or other industry “disruptions” can be unsettling, to say the least. The dust is often kicked up, and the traditional foundation feels shaky at best. A June 2014 article by McKinsey & Co., “How U.S.
How much is a dietary supplement worth to you? Your daily multivitamin, fish oil capsule or protein powder may fill in your nutrition gaps, protect your cardiovascular system or promote muscle growth after a workout, but can you really put a price on their value? That’s a question that has challenge
The U.S. prestige beauty industry did an estimated $16 billion in total sales in 2015, according to NPD Group Inc. reports, and fragrance accounts for about a third of that total. We estimate that worldwide companies lose 15% to 20% of their sales to counterfeit goods. Therefore, in the U.S.
establishing new protections for health care consumers, enhancing access to care, and improving quality while
As a professional who builds and optimizes e-commerce sites for retailers and consumer packaged goods firms, I’m fascinated by logistics and, once ordered, getting products to the customer in the quickest, most efficient way.
Most consumers today are connected to digital technology through personal computers and, increasingly, mobile devices. They use smartphones more than three hours a day for communication, entertainment and shopping, and their online time and activities are increasing.
National Association of Chain Drug Stores president and CEO Steve Anderson recently provided the group’s members with an update about implementation of the new rule governing reimbursement to pharmacy operators for prescriptions filled under the Medicaid program.
Amid the dazzling array of industry events that marked April as an exceptional month in the chain drug retailing community, Tom Coughlin, the legendary Walmart executive who led the company through some of its most memorable years, passed away at the age of 67.
For something that didn’t even exist a decade ago, digital strategy is surely one of the hottest business conversations today.
