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Issue 06-06-2016

Walmart, McKesson team up for generic drug sourcing

Walmart, McKesson team up for generic drug sourcing

BENTONVILLE, Ark. — Walmart has become the latest retailer to ally with a pharmaceutical distributor for generic drug sourcing. The mass merchandiser’s partnership with McKesson Corp. includes an expanded long-term distribution pact and will add scale and value for both companies, they said. The agreement positions Walmart and McKesson to compete with partnerships between Walgreens

Receipts at CVS enter digital age

Receipts at CVS enter digital age

WOONSOCKET, R.I. — CVS Pharmacy is offering digital receipts for all members of the ExtraCare rewards program. The new option will eventually be available in 7,900 stores. Customers can opt out of receiving paper receipts for all in-store purchases when completing their transactions in the front of the store. Once the onetime process is completed,

Health insurers seek rate hikes under ACA

WASHINGTON — Large health plans that have claimed financial challenges from their participation in health insurance exchanges under the Affordable Care Act are set to seek significant premium increases in about a dozen states where they operate those individual plans. Others are limiting the number of plans offered if not vacating states altogether. Plans in

Canadian pharmacy group tabs interim leader

TORONTO — The Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) has announced the promotion of Justin Bates to senior vice president and interim chief executive officer. The association’s board also said it would conduct a search for a permanent successor to president and CEO Denise Carpenter, who left the organization on May 24. Bates said

New approach to Rx hits N.Y. market: Capsule

New approach to Rx hits N.Y. market: Capsule

NEW YORK — Innovation is key in the pharmacy industry, and one new company is using innovation to distinguish itself in this very competitive field. Capsule, which opened in New York City last month, is a digital start-up focusing on the home delivery of prescription drugs. The other difference between Capsule and its non-digital competitors

Thrifty White grows specialty Rx network

PLYMOUTH, Minn. — Thrifty White Pharmacy and Diplomat Pharmacy have expanded their current specialty pharmacy agreement to include Thrifty White’s affiliated pharmacies. Thrifty White said the new program with Flint, Mich.-based Diplomat, the nation’s largest independent specialty pharmacy, enables its affiliated pharmacies to provide full-service specialty medication support — including 24/7 pharmacist access — to

Genoa reaches milestone with its 300th store

TAMARAC, Fla. — Genoa Healthcare LLC has opened its 300th pharmacy inside a community mental health center. Its latest is in Tamarac, Fla., within a facility operated by Henderson Behavioral Health Inc., which says on its website that it annually provides “health care, housing and hope” for 30,000 people in Florida with what it calls

NACDS stresses voter engagement

WASHINGTON — Voter engagement is the goal of a video ad released last month by the National Association of Chain Drug Stores. The ad, titled “Momentum,” urges pharmacy personnel to participate in this year’s elections in order to “sustain legislative success at the federal and state levels.” “Momentum” is the association’s second get-out-the-vote video. It

Walgreens brings resources to bear on mental health

DEERFIELD, Ill. — Walgreen Co. has launched a mental health platform and campaign focusing on the mental health conditions that affect approximately one in five Americans each year. The initiative, introduced in May in conjunction with the annual observance of Mental Health Month, aims to improve health outcomes through early screening and intervention, to heighten

CF Champions backs patients, caregivers

DEERFIELD, Ill. — Walgreens has launched CF Champions: Navigating the Journey, Together, a campaign to support cystic fibrosis patients and their caregivers. The initiative was debuted in May to coincide with the Cystic Fibrosis Foundation’s National CF Awareness Month. Walgreens has teamed up with four “champions” to share their stories through the new platform, including

JANA exec leaves Walgreens board

DEERFIELD, Ill. — Activist investor Barry Rosenstein, managing partner of hedge fund JANA Partners LLC, has stepped down from the Walgreens Boots Alliance Inc. (WBA) board after reducing his investment in the company. WBA said Rosenstein, who had been a director since September 2014, was slated to end his service on the board once JANA’s

Opioid abuse widespread despite drop in prescriptions

NEW YORK — Opioid prescriptions have dropped for the first time in two decades, but dealing with the threat of misuse of the powerful painkillers remains a challenge for retail pharmacies and the health care system. Industry leaders are expressing hope that the decline in such prescriptions last year, preceded by dips in 2014 and

Amazon poses new threat to rivals as it ramps up PL

SEATTLE — Amazon.com Inc. reportedly is set to begin rolling out a broadly expanded lineup of private label brands as the company aims to burnish its reputation as a lower-cost retailer and bolster its efforts to sell more perishable goods. Amazon’s private label offerings will be available only to Amazon Prime members, The Wall Street