CVS Caremark reports low drug trend for PBM clients
At CVS Caremark Corp., the average drug trend for pharmacy benefit management (PBM) clients last year was 2.4%, the lowest in six years, according to company research.
Retail News
NACDS partners with HHS, CMS on care transition
The National Association of Chain Drug Stores is teaming up with the Department of Health and Human Services (HHS) and Centers for Medicare & Medicaid Services (CMS) to promote the use of community-based care transition programs as a way to improve patient health and cut health care costs.
Duane Reade’s Scorpiniti joins Katz as COO
Duane Reade pharmacy chief Frank Scorpiniti has been appointed chief operating officer at Katz Group Canada Ltd., operator of Canada’s Rexall drug store chain.
Navarro to launch Hispanic private label
Navarro Discount Pharmacy plans to roll out its own private-label program for Hispanic consumers that features bilingual product packaging.
Safeway names senior VP of pharmacy
Former GlaxoSmithKline (GSK) executive Darren Singer has joined Safeway Inc. as senior vice president of pharmacy, health and wellness.
Walgreens VP sheds light on specialty pharmacy
Dr. David Lorber, vice president of clinical affairs at Walgreen Co., discussed key trends in specialty pharmacy at the Pinsonault Associates Managed Markets Summit in Miami.
CPhA sounds call for Canada to focus on health care
The leaders of the Canadian Pharmacists Association (CPhA), Canadian Medical Association (CMA) and Canadian Nurses Association (CNA) have joined forces to urge party leaders to focus on health care during the upcoming leaders’ debates.
Former CVS exec Bodine elected to Nash Finch board
Nash Finch has named onetime CVS Caremark Corp. executive Christopher Bodine to its board of directors. The food and drug store distributor said Monday that Bodine will become a director on its board effective April 28.
Pharmacy faces threat of Medicaid cutbacks
With state and federal lawmakers talking about curtailing Medicaid spending as a way to scale back budget deficits, drug chains across the country could face yet another economic challenge, executives and industry advocates say.
Walgreens store helps launch vehicle charging network
A Walgreens drug store in Dallas helped the nation’s first privately funded and comprehensive electric vehicle charging network get under way.
CVS’ MinuteClinic allies with Chicago-area health system
MinuteClinic, CVS Caremark Corp.’s retail health clinic subsidiary, has entered a a clinical affiliation with Advocate Health Care and Advocate Physician Partners to enhance health care services to patients throughout the Chicago area and central Illinois.
Kroger pharmacies provide Rx disposal envelopes
Kroger Co. has teamed up with Sharps Compliance Corp. to offer safe disposal of expired, unused or unwanted medications via its pharmacies. Sharps said Wednesday that its TakeAway System Envelope Solution is now available at pharmacies inside Kroger Co.
Rite Aid posts flat sales, shrinks loss in 4Q
Rite Aid Corp. turned in virtually flat revenue for its fiscal 2011 fourth quarter and reduced its net loss compared with a year earlier. The drug store chain on Thursday also reported a dip in total sales for fiscal 2011 and a larger net loss for the full year. Both the
Walk with Walgreens program promotes preventive health care
Walgreen Co. has launched Walk with Walgreens, a program that the drug chain said urges Americans to walk more and rewards participants "for every step they take on the road to better health.
Rx groups applaud vote to repeal 1099 reporting requirement
The National Association of Chain Drug Stores and the National Community Pharmacists Association hailed the Senate’s passage of a bill to repeal the "onerous" 1099 reporting requirement of the health care reform law.
BioScrip receives specialty Rx accreditation
BioScrip Inc. has been awarded specialty pharmacy and mail-service pharmacy accreditation from URAC. The pharmacy services provider said Wednesday that URAC accreditation is granted to organizations that demonstrate a commitment to quality standards.