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DEERFIELD, Ill. — Walgreen Co. has warned that it intends to withdraw more than half of its pharmacies in Washington from the state’s Medicaid program on February 15, in response to reimbursement cutbacks. Walgreens, which operates 121 pharmacies in Washington, intends to withdraw 64 of its pharmacies from the state’s Medicaid program. The company says
WOONSOCKET, R.I. — CVS Caremark Corp. has added an e-commerce dimension to its Beauty 360 prestige beauty care stores. As a result, customers nationwide can shop a wide array of prestige brands from beauty360.com. CVS operates eight Beauty 360 locations around the country and intends to open additional locations this year. The stores carry upscale
WASHINGTON — Democrats in the House and the Senate are now working to reconcile their visions of health care reform legislation, hoping to pass a final bill before President Obama’s State of the Union address. As expected, the Senate passed its version of the bill in a 60-39 party-line vote on Christmas Eve. “We are
WASHINGTON — A new study by the Government Accountability Office (GAO) provides support for community pharmacy’s efforts to reform Medicaid reimbursement rates. The study, requested by Sen. Charles Grassley (R., Iowa), supports the argument of the National Association of Chain Drug Stores and the National Community Pharmacists Association (NCPA) that reimbursement rates mandated by the
SEATTLE — Citing recent reductions in Medicaid reimbursement rates, Bartell Drugs has said it will stop filling Medicaid prescriptions at 15 of its 57 stores, effective February 1. The situation in Washington state stems from a court decision in late September, which effectively reduced the average wholesale prices (AWPs) used to calculate reimbursement rates. Bartell
MIAMI — Navarro Discount Pharmacies has named Steve Kaczynski as its new chief executive officer. He succeeds Marcio Cabrera, who filled the role on an interim basis while serving as managing director of MBF Healthcare Partners, which owns the 28-store Navarro chain. Before joining Navarro Kaczynski was president and chief executive officer of Bigg’s, a
NEW YORK — Community pharmacies across the country began offering H1N1 vaccines late last month after state health agencies lifted priority group restrictions on the inoculations. “We share with government and health officials nationwide the goal of protecting as many people as possible from the H1N1 virus, while helping to lessen the impact or prevent
DEERFIELD, Ill. — In another round of executive changes at Walgreen Co., Mike Arnoult has been appointed vice president of Customer-Centric Retailing (CCR), the retailer’s store optimization initiative. As the head of CCR, Arnoult replaces Chong Bang, who left in December to join Shoppers Drug Mart. Walgreens president and chief executive officer Greg Wasson told
NEW YORK — Despite the lingering recession, the chain drug industry finished 2009 with solid gains in revenue. Overall drug store chain sales for the year rose 7.4% to $226.11 billion, while same-store sales grew 3.4%, according to research by Racher Press, publisher of Chain Drug Review. However, December was a different story as positive
CAMP HILL, Pa. — Rite Aid Corp. has set out to make shopping its stores fun, and possibly profitable, by launching a contest promotion based on a classic board game. Called Rite Aid The Game of Life, and based on the Hasbro Inc. game, the promotion gives customers the chance to win $5 million in
WASHINGTON — Health care reform took a major step closer to becoming a reality late last month when Democrats in the Senate were able to muster the necessary votes to block a Republican filibuster and move their proposal forward. The procedural vote, which was held shortly after 1 a.m. on a Sunday night, saw all
BONITA SPRINGS, Fla. — With the industry’s smaller chains facing what many have described as an uphill battle, the National Association of Chain Drug Stores Regional Chain Conference next month will touch on a variety of topics relevant to the future of those companies. “The conference will provide not only critical information for the people
WASHINGTON — As the House and Senate health care bills go into the reconciliation process, 16 representatives have urged House Speaker Nancy Pelosi (D., Calif.) to consider a higher federal upper limit (FUL) to determine reimbursements for Medicaid prescriptions filled with generic drugs. In a December 16 letter to the speaker, 13 Democrats and three
WOONSOCKET, R.I. — Per Lofberg has been named president of CVS Caremark Corp.’s pharmacy benefits management business. In addition, the company has appointed Lisa Bisaccia as senior vice president and chief human resources officer. Lofberg, who was president and chief executive officer of Generation Health Inc., a genetics benefit management firm and CVS Caremark strategic
