Editor’s note: This is the third in a series of seven articles by A.T. Kearney on the trends that are radically transforming the health care sector. The promise of consumer-driven health care is not new. Over the last 15 years, we have heard a great deal about the shift away from the traditional doctor-centric treatment
MOUNTAIN VIEW, Calif.— Omnicell, a leading provider of medication and supply management solutions and adherence tools for healthcare systems and pharmacies, announced the company will be showcasing the industry’s most comprehensive and customizable platform of medication management automation solutions at this year’s American Society of Health-System Pharmacists 2018 Midyear Meeting, to be held in Anaheim, Calif. from December
NEW YORK – Somatix, a provider of a wearable-assisted, gesture detection- RPM (Remote Patient Monitoring) platform, today announced the launch of SafeBeing, designed for passive monitoring of elderly individuals’ ADLs (Activities of Daily Living), such as sleeping, drinking, walking and medication intake, as well as real time alerting of falling and wandering. By monitoring such
Despite all the attention that Amazon justifiably receives for the transformational effect it is exerting on mass market retailing, a case can be made that the company that is in the best position to meet the omnichannel needs of consumers over the long term is Walmart. Listening to president and chief executive officer Doug McMillon
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
For the better part of a decade, Walgreens Boosts Alliance has been engaged in continually rethinking what a chain drug store means to the consumer, and how the format needs to evolve to remain relevant in an era when digital technology is changing the rules of the game in retailing and health care. That process
On October 27 the Drug Enforcement Agency (DEA) will hold its 14th National Consumer Drug Take-Back Day. The event will be well publicized and will enable the safe and secure disposal of millions of pounds of expired and unneeded prescription medications. On that same day, 175 Americans will die from drug overdoses. A troubling trend
Amazon’s long anticipated, much ballyhooed entry into the retail pharmacy sector has finally taken place. The e-commerce powerhouse in late June agreed to pay a billion dollars to purchase PillPack, which packages prescription medications in presorted doses, along with over-the-counter health care products and nutritional supplements, and delivers them directly to patients’ homes. Cofounded in
WOONSOCKET, R.I. — Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.3% from a year ago, while same-store front-end sales dipped 1%. CVS’ revenue advanced
Grace Ray has been named chief executive officer of Milani Cosmetics, effective July 31. She succeeds Michelle Taylor, who will become the company chairman. Taylor replaces Dennis O’Brien, ap artner at Gryphon Investors, who served as interim chairman after Gryphon acquired a majority stake in Milani last month. Ray most recently served as CEO of hair care
WASHINGTON — The Consumer Healthcare Products Association (CHPA) issued the following statement regarding OTC Eligibility in FSA/HSA Accounts: “CHPA congratulates Representatives Lynn Jenkins (R, Kan.), Ron Kind (D, Wis.), and Grace Meng (D, N.Y.) on the House of Representatives’ passage of H.R. 6199, legislation that will restore consumers’ ability to use their Health Savings Accounts
WOONSOCKET, R.I.— CVS Health has issued the following statement regarding Ohio Department of Medicaid’s report on PBM performance for managed care plans: “CVS Health is pleased that a report issued today that was commissioned by the Ohio Department of Medicaid (ODM) on pharmacy benefit manager (PBM) performance for the state’s Medicaid managed care plans confirms that our
STOCKTON, Calif. — As the future of community and independent pharmacy becomes increasingly unpredictable, many pharmacies are utilizing automation to position themselves for success. According to research from the BBC, the global market for pharmacy automation held a value of $3.5 billion in 2015 — and an increase of $2 billion is expected before 2021.
The National Association of Chain Drug Stores Annual Meeting in Palm Beach, Fla., drew retailers and suppliers for four days of discussions about chain drug industry issues. In addition to business sessions and strategic exchange appointments, the itinerary included Meet the Retailer sessions and additional networking opportunities and social events.