POY_1170x120_8-12-19

2018

People power as valuable as data during holidays

People power as valuable as data during holidays

Retailers spend millions of dollars combing through data to help them determine ideal store layouts, merchandise packaging and sales strategies to maximize consumer spending over the holiday season. Real-time data tools promise to give organizations a rapid picture of what’s working and what’s not. But data and numbers don’t tell the full story. In the

A look into Walgreens and Kroger’s partnership

A look into Walgreens and Kroger’s partnership

The recent partnership of Kroger and Walgreens caught many industry experts off guard largely because the agreement goes against conventional wisdom of maximizing competitive advantages. With this partnership, Walgreens seems to have diminished its convenience advantage by allowing Kroger to leverage it for their own customer pickups. And Kroger seems to be compromising the exclusiveness

New technologies: opportunities and challenges

New technologies: opportunities and challenges

Editor’s note: The second in a series of seven articles by A.T. Kearney on the trends that are radically transforming the health sector. There is no question that science is rapidly accelerating the health care opportunities we see in the marketplace. Broader genetics capabilities could mean new services and treatments based on genetic makeup that

Law Has Rx Implications

Law Has Rx Implications

Routine monitoring of medication adherence is one of the Medicaid programs that must be included under a new law passed by Congress in response to the opioid epidemic. The recently passed opioid legislation makes improvements in treatment capacity for Medicaid patients. However, the legislation has significance for the pharmacy industry because it directs the Department

McKesson teams up with NCPA

McKesson teams up with NCPA

BOSTON — McKesson’s RxOwnership team recently partnered with the National Community Pharmacists Association (NCPA) for the ninth year to sponsor its Pharmacy Ownership Workshop, to further advance community pharmacy ownership. The Pharmacy Ownership Workshop took place ahead of the NCPA Annual Convention here earlier this month. According to NCPA, more than 50% of past Pharmacy

Drug stores, grocers: the health care edge they have

Drug stores, grocers: the health care edge they have

Pharmacies and grocery stores are better positioned than doctors to promote healthy behavior and prevent debilitating and costly illnesses. Many executives know this, but it is surprising how many acknowledge they have not done much about it. Don’t believe it? Consider who has more information about people and more opportunity to sway their choices. Doctors

How to bring about new consumer relationships

How to bring about new consumer relationships

To address the personal forms of value that tomorrow’s consumers will demand, consumer packaged goods companies need to move from “idle” to “agile.” Chain drug stores are uniquely positioned to help. For the past several years, chain drug stores have staked out territory as close as possible to the consumer. Ubiquitous hyperlocal locations have been

CVS-Aetna is set to recast health care

CVS-Aetna is set to recast health care

NEW YORK — As the $70 billion merger between CVS Health and Aetna Inc. draws near, the combined company will create a industry-changing model for health care that is more personal than ever before, according to Larry Merlo, CVS Health’s president and chief executive officer. First announced in December, the mega-deal, which is pending antitrust