ECRM_1170x120_8-1-17

Issue 08-27-2018

What to do about mounting transportation costs

What to do about mounting transportation costs

The high value of pharmaceutical shipments has traditionally meant that all parties in the chain drug industry were primarily concerned with quality. They needed a reliable, transparent solution. Given that shipping represented a tiny percentage of drug costs, price was a lesser concern. But recently shipping rates have increased sharply. Is there anything the industry

Community pharmacy and retail taking on new role

Community pharmacy and retail taking on new role

Retail in the future will look nothing like what we see today. A new role for physical retailers is long overdue, and only a few have satisfied the need for change. Historically, one of the primary challenges facing North American brick-and-mortar retail pharmacies and their suppliers has been the inability to encourage shoppers to purchase

A product’s earning potential is about the long haul

A product’s earning potential is about the long haul

A new product innovation with a large promotional spend does not automatically equal success in the retail marketplace. Too often, brands release a product with a new technology, form, ingredient or positioning, or a product that addresses an unmet consumer need, without fully considering the product’s earning ­potential. Not only is earning potential critical to

NACDS Retail Advisory Board fosters vibrant dialogue

NACDS Retail Advisory Board fosters vibrant dialogue

ARLINGTON, Va. — The NACDS Retail Advisory Board’s Market Immersion series resembles a microcosm of the NACDS Total Store Expo, in that the topics discussed emphasize the interrelationships of virtually every aspect of the business. The NACDS Retail Advisory Board, which includes NACDS associate and chain members, advises the NACDS board of directors primarily on

Wellness festival slated by Kroger

Wellness festival slated by Kroger

CINCINNATI — Kroger Co. is promoting its new Wellness Your Way platform, which encourages shoppers to adopt a more holistic approach to health, with a three-and-a-half-day music, education and wellness festival here in October. “Kroger is excited to present the first Wellness Your Way Festival in America in our hometown,” said Colleen Lindholz, president of

Genoa reportedly will be acquired

Genoa reportedly will be acquired

NEW YORK — UnitedHealth has tentatively agreed to buy Genoa Healthcare from private equity firm Advent International, according to a report. Under the terms of the deal, Genoa chief executive officer John Figueroa would leave the mental health center pharmacy operator, with chief commercial officer Mark Peterson taking the reins, according to the report in

Industry ready for flu season

Industry ready for flu season

NEW YORK — Drug makers and health care professionals are gearing up for the 2018-2019 flu season, with much of the initial activity focused on raising vaccination rates. While anyone can get the flu, it can be particularly serious for young children, older people, pregnant women and people with certain health conditions, such as asthma,

MinuteClinic unveils virtual care option

MinuteClinic unveils virtual care option

WOONSOCKET, R.I. — CVS Health is offering customers who have downloaded the CVS Pharmacy app access to health care services 24 hours a day, seven days a week, from their mobile devices. MinuteClinic Video Visits are intended to meet the wellness needs of customers with minor illnesses, injuries and skin conditions, the company announced earlier

Merlo sets record straight on rebates

Merlo sets record straight on rebates

WOONSOCKET, R.I. — The Trump administration’s blueprint to lower drug prices has put the spotlight on the rebates negotiated by pharmacy benefits managers with drug manufacturers. During a recent conference call, CVS Health president and chief executive officer Larry Merlo addressed the issue while making a spirited defense of the role of PBMs in containing