Channel: Drug

Articles about the drug channel.

  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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. Channel: Drug
 ​[[“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. Channel: Drug
 ​[[“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. Channel: Drug
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 […]
  1. Channel: Drug
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. Channel: Drug
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 […]
  1. Channel: Drug
    [[“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. Channel: Drug
    [[“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 […]
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  1. Channel: Drug
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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