Rx focus pulls Kinney through recession
While the economic downturn battered retailers across all channels, new pharmacy services and a new state-of-the-art pharmacy system has helped regional player Kinney Drugs weather the storm.
Kinney Drugs, which opened its first store in 1903 and today operates 90 locations, completed in 2010 the rollout of its new pharmacy system and, as a result, is now able to offer new services such as ReadyScripts. ReadyScripts is an automated refill program that is married with outbound messaging for patient reminders and free prescription delivery for those patients with little or no mobility.
Through a partnership with a central New York hospital, Kinney Drugs also is offering computer-assisted dispensing machines for the home setting and mobility chairs.
Kinney Drugs previously had been providing vaccinations only at its Vermont locations but, thanks to changes in New York state regulations, the retailer is now offering immunizations in its New York pharmacy locations as of mid-2010.
Looking ahead, the company indicated that it is planning to grow its store base by 2% to 4% each year, and also is interested in acquiring independent operators to establish a customer base in new markets.