February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
SACRAMENTO, Calif. — The National Association of Chain Drug Stores, California Pharmacists Association (CPhA) and several other health care organizations are hailing a recent decision by a federal court to block California officials from proceeding with a 10% Medi-Cal reimbursement rate cut that had been approved by the federal government. “We commend the court’s final
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
DEERFIELD, Ill. — Walgreen Co. president and chief executive officer Greg Wasson was joined by former Indianapolis Colts head coach Tony Dungy, Sen. Richard Lugar (R., Ind.) and community leaders at a ceremony marking the grand reopening of Walgreens’ newly renovated stores in the Indianapolis market. All of the 68 Walgreens stores in the Indianapolis
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
The federal government’s proposed rule on Medicaid pharmacy reimbursement using the average manufacturer price (AMP) model is being closely examined by the National Association of Chain Drug Stores. NACDS is reviewing the proposal with its members and will provide comments to the Centers for Medicare and Medicaid Services (CMS), said president and chief executive officer
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
TORONTO — Shoppers Drug Mart next month plans to launch a cobranded banking account/debit card with Royal Bank of Canada (RBC) that will make it more convenient for Canadians to bank and earn rewards chainwide. Also in March SDM will become the exclusive Canadian retailer of the essence, the value cosmetics brand from Cosnova Beauty.
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
DEERFIELD, Ill. — Walgreen Co. says its Prescription Savings Club (PSC) is being welcomed by thousands of patients with prescription drug benefit plans managed by Express Scripts Inc. According to Walgreens, 700,000 customers have signed up for PSC, a drug discount program, since January 1 — the date that the pharmacy benefit manager stopped providing
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
WOONSOCKET, R.I. — CVS/pharmacy customers can now get text messages notifying them when their prescription is ready for pickup through a new service called Order Ready Text Messaging. Customers can sign up to receive text messages by speaking to a pharmacy staff member at their local CVS store. Once enrolled, they will get their first
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, News
DEERFIELD, Ill. — Walgreen Co. is acquiring the prescription files and inventory from 33 Kmart pharmacies in 16 states. The patient files will be transferred to nearby Walgreens pharmacies. Patients whose prescription files are being transferred and who have had a prescription filled within the past two years will be notified by letter upon completion
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, Opinion
Rite Aid has embarked on a game-changing metamorphosis, a boldly conceived and thus far brilliantly executed initiative that, if successful, will transform America’s No. 3 drug chain into a compelling health care retailer and an irresistible option for consumers who, until now, have regarded Walgreens or CVS as their primary drug store. At the core
February 10, 2012 by Chain Drug Review
Issue 02-13-2012, Opinion
This year promises to be a pivotal one for the chain drug business, as issues of industrywide significance are decided even as individual companies strive to fortify and improve their position in an intensely competitive sector where the pace of change is steadily accelerating. The Supreme Court will take up the contentious issue of health
January 13, 2012 by Chain Drug Review
Issue 01-16-2012, News
DEERFIELD, Ill. — Despite an 11th-hour attempt, Walgreen Co. was unable to come to contract renewal terms with Express Scripts Inc. and the new year began without a deal in place, putting the drug chain out of the pharmacy benefit manager’s network. In an interview with Chain Drug Review, Walgreens chief executive officer Greg Wasson
January 13, 2012 by Chain Drug Review
Issue 01-16-2012, News
CHICAGO — Despite the specter of its standoff with pharmacy benefit manager Express Scripts Inc., Walgreen Co. sounded a positive note at its annual shareholders meeting here. Executives said Walgreens is coming off a strong fiscal year — which saw the nation’s largest drug chain turn in record profits, its biggest increase in net income
January 13, 2012 by Chain Drug Review
Issue 01-16-2012, News
LOS ANGELES — A federal judge late last month blocked California’s move to cut Medicaid reimbursements by 10%. U.S. District Court judge Christina Snyder issued preliminary injunctions in separate cases brought by pharmacies and hospital-based nursing facilities that were seeking to fend off the reimbursement rate cut by Medi-Cal, the state’s Medicaid program. In a
January 13, 2012 by Chain Drug Review
Issue 01-16-2012, News
WASHINGTON — National health care spending increased less than 4% in 2010 for the second year in a row as Americans delayed drug purchases, doctor visits and hospital care, according to the Centers for Medicare and Medicaid Services (CMS). The recession, which lasted from December 2007 to June 2009, limited the growth of health spending
January 13, 2012 by Chain Drug Review
Issue 01-16-2012, News
WOONSOCKET, R.I. — The Federal Trade Commission has ended a two-year investigation of CVS Caremark Corp. with no allegations of antitrust violations or anticompetitive behavior. The investigation did result in the company agreeing to pay $5 million related to the business practices of a Longs Drug Stores subsidiary prior to the acquisition of Longs by