Proper use of Rxs cuts other health care costs

ARLINGTON, Va. — An examination of data on more than 1.5 million Medicaid enrollees found that when prescription drugs are taken appropriately as prescribed by a physician there is a reduction of other medical costs for certain Medicaid populations. The research, undertaken to examine the impact of changes in prescription drug use on medical costs,

Express Scripts picks next CEO

ST. LOUIS — George Paz will retire as Express Scripts Holding Co.’s chief executive officer in May, making way for president Tim Wentworth to take over, the company said earlier this month. Paz, 60, has been CEO at Express Scripts for a decade. He helped engineer the company’s takeover of rival Medco Health Solutions in

McKesson agrees to acquire Rx distributor in Ireland

SAN FRANCISCO — McKesson Corp. has agreed to purchase the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare PLC for about $466 million. The deal — which is contingent upon a vote of approval from UDG Healthcare shareholders and clearance from European Union regulators — would give McKesson distribution channels across the Republic of Ireland

Federal Reserve leaves interest rates unchanged

Federal Reserve leaves interest rates unchanged

WASHINGTON — Federal Reserve policy makers have just two more chances to raise short-term interest rates this year after taking a pass earlier this month and holding rates at their historically low levels for at least a while longer. The rate-setting Federal Open Market Committee (FOMC) slashed interest rates to zero in December 2008 to

Mulligan becomes chief operating officer at Target

MINNEAPOLIS — Target Corp. has promoted John Mulligan, the company’s chief financial officer, to the newly created role of executive vice president and chief operating officer. Succeeding Mulligan as executive vice president and CFO is Cathy Smith, who previously worked as executive vice president and CFO at Express Scripts, the nation’s largest pharmacy benefit manager.

Kroger promotes execs to lead key businesses

Kroger promotes execs to lead key businesses

CINCINNATI — Kroger Co. has promoted four executives — including its top merchant, retail operations chief, chief financial officer and chief information officer — to lead key lines of business. The food and drug retailer said Thursday that it has appointed Mike Donnelly as executive vice president of merchandising, Fred Morganthall as executive VP of

ScriptSync introduced at CVS

ScriptSync introduced at CVS

WOONSOCKET, R.I. — CVS Health is launching a new pharmacy service, ScriptSync, enabling patients with multiple medications to pick up eligible maintenance prescriptions in a monthly visit to a CVS/pharmacy store. Patients or caregivers can manage ScriptSync prescriptions with what the company calls innovative online support tools. By aligning prescription fill schedules for customers, CVS

Frestedt is promoted at Bartell

SEATTLE — Bartell Drugs this month announced the promotion of Steven Frestedt to vice president of marketing. Frestedt had been the company’s marketing director. He also spent 20 years with advertising agencies in Seattle and Los ­Angeles. “Steve brings great experience to the role and is committed to our marketing effectiveness by using an evolving

Walgreens Boots Alliance names accounting chief

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced that it has named Kimberly Scardino as its new senior vice president, global controller and chief accounting ­officer, effective August 3. Scardino joined WBA from American Express Co., where she most recently served as senior vice president and business advisory controller. She reports to George Fairweather,

Mobile payments get easier at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. announced that all of the company’s nearly 4,600 stores nationwide will accept mobile payments, including Apple Pay and Google Wallet. The drug chain began accepting Apple Pay and Google Wallet payments as of August 15. Rite Aid said it also will accept Google’s forthcoming Android Pay when that

Thorpe rejoins Dollar General as top merchant

GOODLETTSVILLE, Tenn. — Dollar General Corp. announced that James Thorpe has rejoined the company as executive vice president and chief merchandising officer. Thorpe had retired from the company in 2012 after serving for six years as senior vice president and general merchandising manager. “Jim is an accomplished merchant who has a strong understanding of our

IBM’s Watson to give CVS insights

WOONSOCKET, R.I. — CVS Health and IBM Corp. are partnering to provide patients suffering from chronic diseases with improved services for health care management. The agreement, which was announced July 30, will allow pharmacists and practitioners from CVS Health to benefit from the state-of-the-art computing capabilities of IBM’s premier supercomputer Watson in analyzing massive amounts

ACA survives Supreme Court challenge

WASHINGTON — The Affordable Care Act has survived its second Supreme Court challenge, with a divided court agreeing with the Obama administration that government subsidies that make health insurance affordable for millions of poor and middle-class Americans should be available ­nationwide. While there are more challenges to come, the organization representing the nation’s traditional drug