Using drug spend, utilization data to improve outcomes
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.
Opinion
Report takes close look at reverse distribution
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.
In face of Amazon, Rx needs to stay course
Amazon’s long anticipated, much ballyhooed entry into the retail pharmacy sector has finally taken place.
CVS-Aetna: an answer to a broken system
All indications are that CVS Health’s $77 billion acquisition of Aetna is on track to be finalized by the end of the year.
Opportunities for brick-and-mortar retailers
With e-commerce capturing a growing slice of the retail pie, the future of the physical store becomes a more urgent question.
Trump takes a shot at lowering Rx prices
President Trump has unveiled the administration’s much anticipated plan to reduce pharmaceutical prices.
Studies: Protectionism would mean fewer jobs
Two protectionist policies being considered by the White House would result in significant job losses, according to research released by the National Retail Federation.
The talk of the NACDS Annual Meeting
The National Association of Chain Drug Stores Annual Meeting last month in Palm Beach, Fla., unfolded against a backdrop of rapid-fire change in community pharmacy and the broader retailing and health care sectors.
The importance of regulatory compliance programs
In the current regulatory environment, it is imperative that a pharmacy maintain a robust regulatory compliance program in order to avoid the potentially significant legal and regulatory pitfalls.
Digital health consumers recasting the market
As of 2017, 45% of the global population was using the internet, and it is projected that 76% will have access by 2030, according to Euromonitor International. With more connectivity, a new type of connected consumer is rising: the digital health consumer.
Understanding Amazon’s impact on drug retailing
Who knew that the ancient Greek philosopher Heraclitus would sum up Amazon.com’s influence on our modern health care industry so well? “The only constant is change,” he is said to have uttered, along with “You cannot step twice into the same river.
It’s time to respect the differences of the ‘Big Three’
There are some consumers who see the drug store shopping experience as all about convenience.
How retailers can find ways to ‘out Amazon’ Amazon
At the turn of the millennium, the retail industry was aglow with technological and operational possibilities. The internet was seen as a platform for both selling things and making merchandising and fulfillment processes more efficient.
How AI can help identify adverse drug reactions
Medical treatments are prescribed to alleviate illness, but sometimes their effects can be harmful. A prescribed treatment can lead to an unexpected adverse drug reaction (ADR), causing fresh or further harm.
For chain drug retailers, one size does not fit all
The past year has seen seismic changes in the global wellness market. When looking at retail as a whole, the industry has been upended by the rise of voice-enabled technology, an earnest focus on health and wellness, and unexpected partnerships that prove that complacency is no longer an option.
Physical stores out of touch with modern consumers
Recently, I was sitting in a meeting with clients from a large consumer packaged goods company who were discussing amongst themselves how the company’s CMO had added an extraordinary number of people with digital and omnichannel expertise to his team, while they, the customer team leads, had a hirin