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Issue 02-28-2011

NACDS becomes ‘association that knows how to win’

NAPLES, Fla. — Medication adherence and pharmacy reimbursement are two issues that go hand in hand, Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores, told attendees in an address at the NACDS Regional Chain Conference here earlier this month. Pharmacies can cut health care costs and improve health

Congress reconsiders 1099 reporting requirement

WASHINGTON — The so-called 1099 mandate in the health care reform law could hinder pharmacists, the National Association of Chain Drug Stores has warned Congress. The requirement for companies to issue 1099 tax forms to any vendor with which they do $600 or more in business will force pharmacies “to spend inordinate amounts of time

Walgreens bolsters Rx buying, supply chain team

DEERFIELD, Ill. — Walgreen Co. has strengthened its pharmacy purchasing and pharmacy supply chain team through promotions and the addition of new executives. Frank DeStefano has been promoted to group vice president of pharmacy purchasing and supply chain. A 19-year veteran of Walgreens, DeStefano has led the pharmacy purchasing department since April 2004. He is

Bill seeks to expand MTM under Medicare

WASHINGTON — Community pharmacy advocates and drug store chains are praising the recent introduction of a bill that aims to expand the number of Medicare patients who would be eligible for medication therapy management (MTM) services. They say that the Medication Therapy Management Empowerment Act of 2011, which was introduced by Sen. Kay Hagan (D.,

Obama’s budget good news for FDA

WASHINGTON — President Barack Obama’s budget would boost spending by the Food and Drug Administration while cutting funding for the Department of Health and Human Services for the first time in the agency’s 30-year history. The FDA would get a 33% increase, or about $1 billion in added funding in fiscal 2012. More than half

Walgreens debuts ‘Beauty Within’ site

DEERFIELD, Ill. — Walgreen Co. has entered the digital beauty space with an interactive web site aimed at finding solutions to makeup, hair and fashion dilemmas. Walgreens.com/BeautyWithin offers step-by-step advice from beauty care pros on how to achieve the ideal skin, hair and makeup look. Visitors to Beauty Within will find new video episodes highlighting

Davis gets new role at Walmart

BENTONVILLE, Ark. — Cindy Davis has been designated executive vice president of global consumer insights at Walmart. She will be responsible for helping both Walmart and Sam’s Club understand broad consumer trends, providing insight into customers’ needs around the world and creating advanced analytical tools to support the business. Davis reports to Brian Cornell, president

Drug chains ready with shingles vaccine

NEW YORK — A month after the Centers for Disease Control and Prevention (CDC) recommended that most Americans over age 60 get vaccinated to prevent shingles, the vaccine was in short supply. Still, some chain drug retailers have reported that they have ample doses for patients wanting the onetime vaccine — Merck & Co.’s Zostavax.

CDMA celebrates 85th anniversary

NOVI, Mich. — The Chain Drug Marketing Association recently marked 85 years “of making the connection between buyers and suppliers” at its trade expo in Orlando, Fla. Executives at the association say this year’s event set records for the number of drug store buyers and representatives from supplier companies in ­attendance. Buyers gained information at

Activity at Navarro intensifies on several fronts

MIAMI — Navarro Discount Pharmacy is making news with wide-ranging initiatives. The Miami-area drug chain has begun selling SunPass transponders, it staged a free health fair, and its wholesale subsidiary will provide fulfillment services to 150 independent pharmacies. Nine days before all-electronic tolls taking effect in Miami-Dade County, officials from Florida’s Turnpike Enterprise and the

New kind of chairman coming to NACDS

Come April, the National Association of Chain Drug Stores will put in place the first chairman in its 78-year history who has not come from the chain drug store industry. The NACDS chairman-in-waiting is Bob Loeffler. He is primarily a food retailer, having spent his retailing career with H.E. Butt Grocery Co. (H.E.B), a San

NACDS chief points to avenues for Medicaid savings

WASHINGTON — The cost of Medicaid can be cut with benefit modification, more effective care management and more efficient drug purchasing. That is the message of a letter from National Association of Chain Drug Stores president and chief executive officer Steve Anderson to Department of Health and Human Services Secretary Kathleen Sebelius. Anderson urges states