Former CVS CEO Ryan to advise investment firm
Tom Ryan, former chairman and chief executive officer of CVS Caremark Corp., has joined the Operating Partner Program at private equity firm Advent International.
Retail News
Rx Roundtable: Where’s health reform headed?
Questions about the U.S. health care system and community pharmacy’s place in it are as numerous as ever, despite the enactment of the health care reform law.
Walgreens expands Rx, health and wellness teams
As it continues to ramp up its health care services, Walgreen Co. has hired two new executives for its pharmacy, health and wellness division. Walgreens said Tuesday that it has named Dr.
Game-changer is emerging in community Rx
It is almost six years since the beginning of Medicare Part D. But now, the development of a system to use quality-based payments for quality-based patient outcomes is coming closer to reality. Imagine a Medicare Advantage Plan that includes drug benefits (MAPD) with 1 million members.
NCPA: Community pharmacies rein in health care costs
Amid a difficult economic environment, independent community pharmacies are growing their array of services to better meet patients’ needs and lower their health care costs, according to the National Community Pharmacists Association’s 2011 NCPA Digest.
Walgreens, Express Scripts reach accord in Puerto Rico
In one break in their ongoing dispute, Walgreen Co. and Express Scripts Inc. have agreed to allow members of two health benefit plans in Puerto Rico to retain access to Walgreens pharmacies. Walgreens said Friday that members of MMM Healthcare Inc. and PMC Medicare Choice Inc., which
Retailers: Pharmacy theft is up
Pharmacy theft is on the rise among crimes against retailers, according to a new study by the Retail Industry Leaders Association (RILA).
Drug chains put spotlight on their pharmacists
The nation’s three biggest drug store chains, along with the American Pharmacists Association, are highlighting the value of the local pharmacist during October for the annual American Pharmacists Month campaign. By putting pharmacists in the limelight this month, Rite Aid Corp., CVS Caremark Corp.
Walgreens adds prescription refill text alerts
Expanding its menu of mobile pharmacy services, Walgreen Co. has launched Refill Reminder Text Alerts. Walgreens said Thursday that the free service, for users of smartphones and other mobile devices, delivers a text message that notifies patients when a prescription is due for refill.
HDMA: Generic, specialty drug distribution grows
U.S. prescription sales through primary health care distributors edged up in 2010, and generic drugs and specialty medications accounted for a bigger share of those sales versus a year ago, according to the Healthcare Distribution and Management Association (HDMA).
Stance of NACDS differs on pair of drug safety bills
Pending federal legislation aimed at fostering a safe and secure prescription drug distribution system has drawn different positions from the National Association of Chain Drug Stores. NACDS said Wednesday that it supports the Drug Safety and Accountability Act of 2011 (S.1584), sponsored by Sen.
HHS chief inoculated at Walgreens to tout flu prevention
U.S. Secretary of Health and Human Services (HHS) Kathleen Sebelius received a flu vaccination at a Chicago-area Walgreens store to highlight the importance of flu season preparedness.
NACDS Foundation’s Rosato to leave for new post
Edith Rosato, president of the National Association of Chain Drug Stores Foundation, is slated to leave that post next month to become chief executive officer of the Academy of Managed Care Pharmacy (AMCP).
NCPA gives take on cutting Medicare Part D waste, abuse
For a Senate hearing, the National Community Pharmacists Association provided some recommendations on ways to cut waste, fraud and abuse in the Medicare Part D prescription drug benefits program.
Walgreens’ same-store sales rise in September
Solid gains in both the front end and the pharmacy fueled another month of same-store sales growth for Walgreen Co. in September. Walgreens said Wednesday that comparable-store sales in September climbed 3.
MinuteClinic sets up shop in Savannah
MinuteClinic has opened its first retail health clinic locations in the Savannah, Ga., region. The CVS Caremark Corp. subsidiary said Tuesday that two new clinics are now open inside CVS/pharmacy stores in Savannah and Richmond Hill, Ga.