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FAYETTEVILLE, Ark. — Walmart wrapped up its annual shareholders’ week activities on Friday with a celebration of the company’s associates as “extraordinary people doing extraordinary things.” Brett Biggs, executive vice president and chief financial officer, credited Walmart’s 2.2 million associates worldwide with helping fulfill founder Sam Walton’s vision for Walmart as a merchant serving the
WOONSOCKET, R.I. — The executive team of CVS Health on Tuesday outlined a series of transformation initiatives at its 2019 Investor Day event, showing how the company plans to accelerate enterprise growth, simplify a consumer health system that is confusing and inconvenient, and position the company for long-term growth and increased shareholder value. The company also
CAMP HILL, PA. — Rite Aid Corp. announced on Thursday that Erik Keptner, a proven leader with more than 20 years’ experience in retail marketing, has been named to the newly created position of senior vice president and chief marketing and merchandising officer, effective June 24, 2019. In this position, Keptner will be responsible for
DEERFIELD, Ill. — Walgreens Boots Alliance has entered into a charitable partnership with European and American cancer organizations “to support people living with cancer at all moments of their journey.” The Collaboration for Cancer Prevention, Research and Support will cooperate on initiatives to develop and support innovative cancer research infrastructure and share best practices to
WEST DES MOINES, Iowa — Hy-Vee on Friday expressed dismay that a new Medicare rule did not provide relief from pharmacy direct and indirect remuneration (DIR) fees that inflate senior citizens’ prescription drug costs. A proposal advanced by the Centers for Medicare & Medicaid Services (CMS) and supported by Hy-Vee was not included in the final rule published on
ARLINGTON, Va. — The complex specialty prescribing process consumes a disproportionate amount of time and effort according to a new Surescripts survey of health care providers. For example, nearly 40% of providers surveyed said it can take up to two weeks to get their patients started on specialty therapy. The results of the survey point to
CAMP HILL, PA – Rite Aid Corp. announced that its stockholders approved a reverse stock split of the company’s common stock at Thursday’s special meeting of stockholders. According to preliminary tabulations, with approximately 987 million eligible votes cast, stockholders voted 78% in favor of the reverse split. Rite Aid’s board of directors may select a
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) Wednesday announced the online “NACDS Optimizing Care Process Guide,” a resource for states, pharmacies and others seeking to increase patients’ access to clinical care delivered in community pharmacies. This initiative aligns with other efforts to empower pharmacists to improve patients’ health outcomes, and with
WOONSOCKET, R.I. — As part of its commitment to building healthier communities, CVS Health Tuesday announced more than $1.4 million in new giving through the CVS Health Foundation to 82 U.S. colleges and universities, helping them to advocate for, adopt and implement 100% smoke- and tobacco-free campus policies, including limiting the use of e-cigarettes. The
WASHINGTON — Over-the-counter (O-T-C) medicines save the U.S. health care system nearly $146 billion a year, a new study has found. The report, “Value of O-T-C Medicines to the U.S. Healthcare System,” which was released by the Consumer Healthcare Products Association (CHPA), found that, on average, each dollar spent on O-T-Cs saves the national system
ARLINGTON, Va.— The National Association of Chain Drug Stores Friday welcomed Senate legislation that would limit to a seven-day supply the initial prescriptions of opioids for acute pain — a move that is consistent with Centers for Disease Control and Prevention’s (CDC) guidelines. Sens. Kirsten Gillibrand (D., N.Y.) and Cory Gardner (R., Colo.) announced the
DEERFIELD, Ill. — Heather Dixon has been named senior vice president, global controller and chief accounting officer by Walgreens Boots Alliance Inc, effective March 18. Dixon will join WBA from Aetna Inc., where she had been vice president, controller and chief accounting officer since 2017, and prior to that, assistant controller. Before that, she served
CAMP HILL, PA – Rite Aid Corp. announced Tuesday a leadership transition plan and an organizational restructuring to better align its structure with the company’s operations and to reduce costs. As part of the leadership transition, John Standley will step down as chief executive officer. The Board will promptly commence a search process for a
WASHINGTON — Dr. Norman “Ned” Sharpless, director of the National Cancer Institute, will become acting commissioner of the Food and Drug Administration next month. Health and Human Services Secretary Alex Azar said Tuesday that Sharpless will take the reins of the FDA after the resignation of Scott Gottlieb. The administration is seeking a permanent replacement
