NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and
FORT LAUDERDALE, Fla. — As it marks 85 years of representing traditional drug stores, supermarkets and mass merchants with pharmacies and supplier partners, the National Association of Chain Drug Stores is looking forward — as it demonstrated during its 2018 NACDS Regional Chain Conference here earlier this month. One of the keynote speakers during the
WASHINGTON — Health care spending has been beefed up in some areas and reduced in others as a result of the federal budget legislation passed by Congress earlier this month. Chronic care funding was bolstered by the two-year spending plan, which was signed into law by President Trump, while some Affordable Care Act appropriations were
TORONTO — Helena Foulkes has been named chief executive officer of Hudson’s Bay Co. (HBC), an international department store and off-price retailer. The move brings to an end a 25-year career at CVS Health, where Foulkes most recently served as corporate executive vice president and president of CVS Pharmacy, the company’s retail pharmacy business. Following
TORONTO — Canada today is populated by more citizens over the age of 65 than under the age of 15, according to Statistics Canada. This seismic shift in the country’s demographics corresponds to a cultural shift, as Canadians are no longer content to let age dictate what they can and cannot do. Senior Canadians want
LANGLEY, British Columbia — Two Pharmasave stores in Lethbridge are the first pharmacies in Alberta to participate in PrescribeIT, Canada’s recently launched electronic prescription platform. PrescribeIT allows prescribers to securely transmit a prescription from an electronic medical record (EMR) to the pharmacy management system at a patient’s pharmacy of choice. The platform was developed by
TORONTO — The Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) announced two appointments this month — Sandra Hanna was named vice president of pharmacy affairs, and Aimee Sulliman was promoted to the role of senior vice president of public affairs. Hanna has over a decade of experience in community pharmacy as both a pharmacist and
WOONSOCKET, R.I. — This month, CVS Health rolled out two health programs, one focused on preventive care and the other on a chronic disease. The first was the MinuteClinic providing free heart health screenings each week throughout the month. The second was an ongoing program called Transform Rheumatoid Arthritis Care. It was introduced to help
DEERFIELD, Ill. — The Walgreens mobile app is making shopping more convenient for the drug chain’s customers, and it’s also showing that the technology is not just popular with Millennials but with older Americans as well. More than 20% of the app users, according to Walgreens data, are 55 and older, which is more than
The National Association of Chain Drug Stores is gearing up for three big events in the coming months, each of which will offer stakeholders in community pharmacy an opportunity to advance the interests of their organization and the industry as a whole. Taken together, NACDS RxImpact Day on Capitol Hill, the NACDS Annual Meeting and
CVS Health’s announcement that it would acquire Aetna for $69 billion is only one of recent health care services deals — which totaled $72 billion in 2016 and $76 billion after the third quarter of 2017, prior to CVS announcing the final deal. Across the industry, companies are increasingly leveraging these strategic partnerships to improve
Not so long ago large multinational consumer packaged goods companies competed against one another by seeking out new markets to conquer and new consumer segments to attract. Today, the drivers of growth have undergone rapid and massive transformation. Now more than ever, we are seeing competition is between brands and not companies, with consumers increasingly
Executives from regional drug and supermarket chains from across the country met in Fort Lauderdale, Fla., earlier this month at the 2018 NACDS Regional Chain Conference. This year’s theme, “Igniting Possibilities,” underscored the opportunity for attendees to share insights and ideas, engage in business and benefit from strategy sessions conducted by peers. “I have a
