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Issue 02-08-2016

Rx takes hard look at long-awaited Medicaid AMP rule

Rx takes hard look at long-awaited Medicaid AMP rule

ARLINGTON, Va. — The National Association of Chain Drug Stores was working with member companies at presstime to review the final rule on Medicaid prescription reimbursements. The Centers for Medicare & Medicaid Services (CMS) says the 658-page rule — which takes effect April 1 after a comment period — establishes a regulatory definition for average

Pessina says WBA is on track for better things

Pessina says WBA is on track for better things

NEW YORK — Stefano Pessina likes what he sees after Walgreens Boots Alliance (WBA) finished its first full year as a unified company. WBA’s executive vice chairman and chief executive officer told shareholders at its annual meeting here that the company expects its deal to acquire Rite Aid Corp. and its partnership with Valeant Pharmaceuticals

Walmart abandons small-scale Express format

Walmart abandons small-scale Express format

BENTONVILLE, Ark. — Walmart will close all of its Walmart Express small-format stores in the United States as part of a move to shut 269 stores worldwide. The 154 U.S. store closings also include Walmart Neighborhood Markets, 12 Walmart Supercenters, seven stores in Puerto Rico, six discount centers and four Sam’s Clubs. “The large majority

Administration keeps tinkering with ACA

Administration keeps tinkering with ACA

WASHINGTON — The Obama administration continues to alter the Affordable Care Act and propose changes to Medicaid funding as it seeks to increase the number of Americans who have health insurance and slow the pace of medical cost ­inflation. In a nudge to get more healthy people into the insurance pool, the government increased the

Walgreens scales back on Theranos

DEERFIELD, Ill. — Walgreen Co. has advised Theranos Inc. that it must stop sending clinical lab tests provided through Theranos Wellness Centers at Walgreens to the Theranos lab in Newark, Calif. The drug chain also said that it is suspending Theranos Inc. laboratory testing at its Palo Alto, Calif., store in the aftermath of a

Leger tabbed to head pharmacy at SDM, Loblaw

Leger tabbed to head pharmacy at SDM, Loblaw

TORONTO — Jeff Leger has been named executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. He had been senior vice president of Loblaw pharmacy and pharmaceutical partnerships. Leger took the new role following the departure of Dr. Dorian Lo, who was executive vice president of pharmacy and

CVS forms new health care partnerships

WOONSOCKET, R.I. — CVS Health has announced new clinical affiliations with health care providers in four states and said the partnerships will improve customers’ access to health care and improve their medication adherence. The health care providers are John Muir Health in California; University of Chicago Medical Center; Novant Health, in Winston-Salem, N.C.; and the

Pharmacy Savings Plus is rolled out by Kmart

HOFFMAN ESTATES, Ill. — Kmart has introduced Pharmacy Savings Plus, a program designed to help shoppers who are uninsured or underinsured as well as those who pay cash for some or all of their prescriptions to save on medications and other pharmacy products and services. The company, a subsidiary of Sears Holdings Corp., says that

Joe Fresh Beauty line added to mix at SDM

TORONTO — Shoppers Drug Mart (SDM) has expanded its beauty offering with the introduction of the Joe Fresh Beauty collection. The launch brings a comprehensive new lineup of seasonally relevant colors and innovative products for face, cheeks, eyes and lips, with new items to be added on a regular basis, including core and seasonal cosmetics.

Hy-Vee names COO, pharmacy innovation exec

WEST DES MOINES, Iowa — Hy-Vee Inc. executive vice president and chief retail officer Jay Marshall has been named chief operating officer, becoming only the fourth person in the company’s history to hold that title. Marshall will retain all responsibility for retail operations and store development and will assume responsibility for all merchandising areas in

Chain Drug Consortium adopts new name

PARK CITY, Utah — The Chain Drug Consortium LLC (CDC) has changed its name to Pharmacy Value Alliance LLC. The new banner, the consortium said, better reflects the community pharmacy focus of its approximately one dozen regional drug chain members. The organization has also announced an agreement with the Emerson Group to manage its growing

Advocate Health Care to operate 56 Walgreens clinics

Advocate Health Care to operate 56 Walgreens clinics

DEERFIELD, Ill. — Walgreen Co. is turning over the operation of 56 Chicagoland in-store Healthcare Clinics to Advocate Health Care, the largest health system in Illinois. Advocate will lease the space in the Walgreens stores to run the walk-in medical clinics. The clinics are set to be rebranded as Advocate Clinic at Walgreens and will

Cardinal Health offers advice on Star ratings

DUBLIN, Ohio — Pharmacists can learn how to increase their business and position themselves at the forefront of preferred network access through a 31-stop town hall tour that Cardinal Heath is conducting throughout the United States. The “Reach for the Stars” town halls identify how pharmacists can contribute to the Centers for Medicare and Medicaid