Channel: Drug

Articles about the drug channel.

  1. Channel: Drug

Your Views:  We All Deserve A Break Today

Lots or response to yesterday’s FaceTime, in which I went to McDonald’s to road test the supposedly new-and-improved burgers that have been seven years in the making. MNB reader Barbara Watters wrote: Love the morning FaceTimes.  Your McDonald’s segment had me remembering my recent Big Mac a few weeks ago.  Blah and bleg.  The flavor […]
10 min read
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  1. Channel: Drug

What CVS Pharmacy’s New Cost-Plus Reimbursement Approach Means for PBMs, Pharmacies, Plan Sponsors, and Prescription Prices

Is the world ready for new ways to price pharmacy and pharmacy benefit manager (PBM) services? CVS Health thinks so, as evidenced by two new initiatives that it announced yesterday. Below you’ll find details and links to source documents. I commend CVS Health for attempting to address key economic challenges facing the retail pharmacy industry […]
3 min read
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  1. Channel: Drug

CVS Says It Wants To Simplify Prescription Drug Pricing

The Wall Street Journal reports that CVS Health plans to “move away from the complex formulas used to set the prices of the prescription drugs it sells, shifting to a simpler model that could upend how American pharmacies are paid.”  The goal, the story says, is to have “CVS’s roughly 9,500 retail pharmacies … reimbursed […]
2 min read
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  1. Channel: Drug

Drug Wholesalers and Brand-Name Drug Prices: Understanding CVS Health/McKesson and Why Pharmacies Lose Money on GLP-1s

Consider two apparently unrelated drug channel anomalies: In McKesson’s 2023 fiscal year, CVS bought $75 billion in pharmaceuticals from McKesson’s wholesale business—a jump of more than 35% compared with the previous year. Despite skyrocketing sales for anti-obesity GLP-1 drugs, many retail pharmacies are losing money on every prescription. The common factor behind these two disparate […]
2 min read
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  1. Channel: Drug

CVS Launches Programs to Add Transparency to Prescription Pricing

CVS Health will launch a new model for pharmacy reimbursements designed to bring greater transparency and simplicity to the system. CVS CostVantage, which the company plans to launch in 2025, will define the drug cost and related reimbursement with contracted pharmacy benefit managers (PBMs) and payors, using a transparent formula built on the cost of […]
2 min read
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  1. Channel: Drug

Walgreens Pivots To Store-Based Home Delivery

The Wall Street Journal reports that “Walgreens Boots Alliance is betting its 8,700 bricks-and-mortar stores, and not a network of fulfillment centers, hold the key to speeding up delivery of online consumer orders and increasing sales. “The pharmacy giant recently closed a warehouse in Edwardsville, Ill., dedicated to filling e-commerce orders for household items such […]
2 min read
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  1. Channel: Drug

Your Views:  Expenses vs. Contributions

Got the following email from an MNB reader: Amazon’s recent announcement to cut “several hundred jobs from its Alexa division” and “place more attention on AI business” makes me wonder why the employees were being cut.  Was their skill set so narrow they couldn’t be trained to perform the AI work?  Will Amazon use a third […]
2 min read
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  1. Channel: Drug

Study:  Retail Personalization Winners (& Why)

dunnhumby has released a special edition of the dunnhumby Retailer Preference Index (RPI), this one “designed to determine which retailers in the $1 trillion U.S. grocery market personalize the shopping experience best for their customers.” The winner is:  Amazon. H-E-B and Kroger came in second and third. According to the report, “These three retailers are […]
3 min read
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  1. Channel: Drug

Medicare Part D in 2024: Mapping Large Chains’ Position in 2024’s Preferred Pharmacy Networks

In Medicare Part D in 2024: The Seven Largest Companies’ Preferred Pharmacy Networks and the Coming Collapse of the PDP Market, I documented how those networks now dominate stand-alone Medicare Part D prescription drug plans (PDPs) and have become a major presence in Medicare Advantage prescription drug (MA-PD) plans. Today, I examine the seven largest […]
2 min read
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  1. Channel: Drug

Your Views:  Missed Target, Business Lessons & Oreo Ice Cream Cakes

Yesterday, when commenting about a Wall Street Journal story about Target’s challenges, I wrote: Granted, I’ve hardly scratched the surface when it comes to visiting Target stores, but for me, the flavor that overwhelmingly comes to mind when I think about them is vanilla.  They’re okay, but just okay, and just okay isn’t enough these […]
6 min read
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  1. Channel: Drug

Walgreens Cuts 5% of Corporate Workforce in Streamlining Bid

Walgreens Boots Alliance (WBA) will cut 267 jobs — 5% of its corporate workforce — in a move to “streamline our operations and focus on our critical priorities,” according to a Walgreens spokesperson, who noted that “none of these roles are based at our stores.” These latest cuts follow a 10% reduction in Walgreens’ corporate […]
< 1 min read
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  1. Channel: Drug

SN Top 10: Rite Aid, Walgreens, California’s Northgate Markets top the week's headlines

 ​[[“value”:”In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Rite Aid closing additional stores in Chapter 11 filing. Rite Aid has added more store closings as part of its Chapter 11 bankruptcy filing, reports Geo”]] 
< 1 min read
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  1. Channel: Drug

SN Top 10: Kroger, CVS, Walgreens top the week's headlines

 ​[[“value”:”In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Kroger, Albertsons sound off on negative comments over pending merger. A recent listening session about the pending Kroger, Albertsons merger was f”]] 
< 1 min read
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  1. Channel: Drug

Union Looks To Organize Retail Pharmacy Personnel

CNBC reports that “the organizers of a recent retail pharmacy staff walkout are helping to launch a national push to organize those employees … a potential step to wide-scale unionization of thousands of pharmacists and technicians across the U.S. for the first time. “A new partnership between the organizers and IAM Healthcare – a union […]
2 min read
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  1. Channel: Drug

Walgreens Boots Alliance Sells Shares of Cencora, Inc. for $674 Million of Initial Proceeds

DEERFIELD, Ill.–(BUSINESS WIRE)–Walgreens Boots Alliance, Inc. (Nasdaq: WBA) (the “Company”) today announced that it has sold shares of Cencora, Inc. (NYSE: COR) (“Cencora”) common stock pursuant to variable prepaid forward transactions executed in reliance on Rule 144 under the Securities Act of 1933, as amended, for current proceeds of approximately $424 million and, depending on […]
< 1 min read
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  1. Channel: Drug

Best Buy Health Partners with Leading Hospital to Support In-Home Care

In collaboration with Boston’s Mass General Brigham hospital, Best Buy Health will support an expanded home-based health care delivery model designed to improve how safe, quality care can be provided with technology and clinical expertise. The partners’ first priority is to scale and support Mass General Brigham’s Home Hospital, which will expand access to Massachusetts […]
2 min read
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  1. Channel: Drug

DoorDash adds HSA and FSA payment capability

    [[“value”:” DoorDash has enabled payment options for both HSA (Health Savings Account) and FSA (Flexible Spending Accounts) to pay for eligible items at select merchants on the delivery company’s app.  Consumers can use their HSA and FSA funds to pay for over 30,000 HSA/FSA-eligible products on DoorDash including select over-the-counter (OTC) medicine, COVID-19 […]
< 1 min read
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  1. Channel: Drug

CVS names new Aetna Medicaid president, Mark Santos

    [[“value”:” CVS Health has named Mark Santos as president, Aetna Medicaid. The announcement comes on the heels of the pharmacy giant’s third quarter revenue results, revenues that totaled nearly $90 billion, beating overall analyst expectations.  Related: CVS revenues up 10.6% in Q3 But CVS stock dipped after the earnings call in part […]
< 1 min read
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  1. Channel: Drug

NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink

The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […]
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