January 22, 2024 by Dinakaran Balasubramanian
The Inflation Reduction Act’s impact on biosimilars
January 22, 2024, Pharmacy
The Inflation Reduction Act (IRA), which was signed into law in August of 2022, announced several provisions on prescription drugs, with the aim of lowering the burden on people and reducing federal spending on drugs. Some of these provisions are targeted at high-cost biologic drugs and are in turn expected have a profound impact on
January 22, 2024 by Tom Utech
How iA is endeavoring to drive a ‘Movement’ in Rx
January 22, 2024, Technology
In the past three years, our industry has faced unprecedented challenges. Our pharmacists, technicians and support staff stepped up to the challenge and provided frontline care and services when they were needed the most. This dedication is admirable, yet the increasing demands for prescription fulfillment have brought to light the urgent need for change, for
January 22, 2024 by Deepak Borole
AI and robotics are leading to ‘smart’ pharmacies
January 22, 2024, Technology
Imagine C-3PO or R2-D2 delivering your medication to ensure you receive it on time. The pharmacy sector may not yet be Star Wars-ready, but today’s technology is making headway toward an AI, automated, robotic and more personalized future. The global pharmacy automation market totaled $5.6 billion in 2022 and is expected to grow by 8.4 % CAGR
January 22, 2024 by Jeffrey Woldt
McMillon heralds a new kind of retailing
January 22, 2024, Opinion
When the history of Doug McMillon’s tenure as chief executive officer of Walmart is written, the central theme is sure to be the transformation of the company from one entrenched in brick-and-mortar retailing into a multidimensional enterprise. Walmart’s striking evolution over the decade since McMillan became CEO stems from his grasp of technology’s potential to
January 22, 2024 by David Pinto
An appreciation for an industry legend, Bob Narveson, David Pinto
January 22, 2024, Opinion
If indeed we’ve embarked on a new chapter in the history of the regional drug chain — as we obviously have — then it’s equally true that this is a new era for the regional chain executive. Explore the National Association of Chain Drug Stores board of directors and you’ll find that it’s well represented,
January 9, 2024 by John O'Brien
John O’Brien, National Pharmaceutical Council, president and CEO
January 22, 2024, Opinion, Pharmacy
In the second of a two-part series, leaders of industry associations present their expectations for pharmacy operators for this year. 2023 was a pivotal year for health policy, to say the least. The swift implementation of the IRA’s Medicare Drug Price Negotiation Program (DPNP) by the Centers for Medicare and Medicaid Services (CMS), the growing
January 9, 2024 by Scott Melville
CHPA, Health care outlook 2024: Scott Melville, president and CEO
January 22, 2024, Opinion, Pharmacy
In the second of a two-part series, leaders of industry associations present their expectations for pharmacy operators for this year. The year 2023 marked another significant milestone for consumer health care with the continued growth of self-care driving the demand for safe and beneficial over-the-counter medicines, dietary supplements and consumer medical devices. Americans are prioritizing
January 9, 2024 by Chip Davis
2024 Health care outlook: Chip Davis, president and CEO HDA
January 22, 2024, Opinion, Pharmacy
In the second of a two-part series, leaders of industry associations present their expectations for pharmacy operators for this year. Health care policy issues will inevitably emerge as a topic of the national debate in the 2024 election season. Access and affordability remain part of the dialogue, and implementation of the Inflation Reduction Act —
January 9, 2024 by Micah Cost
CEO of the Pharmacy Quality Alliance, Health care outlook 2024: Micah Cost
January 22, 2024, Opinion, Pharmacy
In the second of a two-part series, leaders of industry associations present their expectations for pharmacy operators for this year. Former Defense Secretary Donald Rumsfeld once observed that “there are known knowns. There are things we know we know. We also know there are known unknowns. That is to say we know there are some
January 9, 2024 by Ronald Piervincenzi
2024 Health care outlook: Ronald Piervincenzi, CEO, U.S. Pharmacopeia
January 22, 2024, Opinion, Pharmacy
In the second of a two-part series, leaders of industry associations present their expectations for pharmacy operators for this year. The past year was significant for the pharmaceutical industry, as we witnessed major milestones and celebrated advancements in innovation. We saw an official end to the COVID-19 pandemic public health emergency and unlocked the potential