BENTONVILLE, Ark. — Walmart has had a long history of making health care more accessible and affordable. From the launch of $4 generics in 2006 to the recent introduction of Walmart Care Clinics, which promise to have the same kind of impact on pricing in that sector as the earlier program did in pharmacy, the
MEMPHIS — Fred’s Inc. has hired retail pharmacy veteran John Foley as executive vice president of store operations. Foley assumed his duties on October 7. He succeeded Mike Holligan, who was named to the open position of regional vice president of store operations for Fred’s. Foley is expected to help Fred’s continue to develop a
The move toward closer cooperation among providers is one of the more intriguing developments in health care, one that promises to improve patient outcomes and limit expenditures in a sector that accounts for almost 20% of the nation’s gross domestic product. The rationale behind the partnerships, and the role of community pharmacies within them, is
TAMPA, Fla. — Benzer Pharmacy has set up shop in a new state, Georgia, with the official opening of a new drug store in Greensboro. Along with retail pharmacy services, the Greensboro store offers compounding and specialty medications. “Whereas the national chain drug stores offer virtually everything from soup to nuts, Benzer Pharmacy, an independent
What if … in 2025 a 76-year-old Alzheimer’s patient, along with a family member, arrives at his local retail chain to test a newly launched augmented reality headset designed specifically for patients with cognitive disorders? The retailer helps with the fitting and initial customization of device parameters to suit the user’s needs. The headset will
WOONSOCKET, R.I. — Citing a strong performance by its pharmacy benefit management business, CVS Health posted a double-digit sales gain for the first quarter, with adjusted earnings topping Wall Street’s projections. CVS said Friday that net sales for the three months ended March 31 totaled $36.33 billion, up 11.1% from $32.69 billion a year earlier. Sales for CVS’ retail pharmacy business
The new year is just over a month old and already the chain drug industry has seen its fair share of noteworthy events. Walgreens Boots Alliance had a coming out party, opening trading at NASDAQ and unveiling its new corporate logo; Brian Unmacht became the first person outside the Bartell family to serve as president
NEW YORK — As 2015 gets under way, chain drug retailers in the United States and Canada are seeking ways to get the most out of pharmacy’s continued movement away from a dispensing orientation toward a service model focused on improved health outcomes. Chain drug industry executives say pharmacies are positioned to become integral health
When the history of Walgreen Co. is written, Greg Wasson, who last month announced that he would step down as chief executive officer of the drug chain upon completion of its merger with Alliance Boots, will be seen as one of the company’s most consequential leaders. A product of the Walgreens system who joined the
Are we seeing the first early “green shoots” of a new industry disruptor? Possibly. Big Pharma has started experimenting with direct-to-consumer models to fill prescriptions, effectively circumventing the retail pharmacy. Is the position of neighborhood pharmacies in today’s delivery system secure, or could the pharmacy suffer the same fate as the corner bookstore, replaced by
BENTONVILLE, Ark. — Labeed Diab has been appointed senior vice president and president of health and wellness at Walmart U.S. Walmart said Wednesday that Diab takes over that post from Dr. John Agwunobi, who is leaving the company after serving in that role since 2007. The move was announced in a company memo by Duncan
