Content about Drug Fix

October 8, 2012

Only 58% of consumer packaged goods executives view dollar stores as a strategic channel, according to Deloitte’s new "Dollar Store Strategies for National Brands" study.

NEW YORK — Only 58% of consumer packaged goods executives view dollar stores as a strategic channel, according to Deloitte’s new "Dollar Store Strategies for National Brands" study. Deloitte advises that CPG companies may not be keeping pace with the explosive growth of the $56 billion dollar store industry, and should act now to maximize market share and profits.

In other survey highlights:

October 5, 2012

What if Moore's law — meaning the number of transistors per square inch on integrated circuits would double every two years — applied to healthcare applications?

WHAT IT MEANS AND WHY IT'S IMPORTANT — What if Moore's law — meaning the number of transistors per square inch on integrated circuits would double every two years — applied to healthcare applications? That actually was all the talk earlier this year at the TedMed conference, at least according to a blog written by Dave Copeland, a well-vetted business and technology journalist.

October 5, 2012

Just as a new study emerged, putting a number against retail-based health clinics and indicating that the clinics are poised for strong growth in the coming years, southern Pennsylvania health insurer Independence Blue Cross announced that it is has added coverage for urgent care centers and retail health clinics, and developed a new Web tool to help members locate such facilities.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Just as a new study emerged, putting a number against retail-based health clinics and indicating that the clinics are poised for strong growth in the coming years, southern Pennsylvania health insurer Independence Blue Cross announced that it is has added coverage for urgent care centers and retail health clinics, and developed a new Web tool to help members locate such facilities.

October 4, 2012

Rite Aid unveiled what it called its "next generation" Wellness store as the chain reported a decrease in same-store sales Thursday.

CAMP HILL, Pa. — Rite Aid unveiled what it called its "next generation" Wellness store as the chain reported a decrease in same-store sales Thursday.

The store, in Lemoyne, Pa., is less than a mile from the 4,639-store chain's Camp Hill, Pa., headquarters. A ribbon-cutting Thursday morning marked the store's grand opening.

October 4, 2012

What should be clear by now is that Rite Aid is making a big comeback, and along the way, it's also carving out an important niche for itself.

WHAT IT MEANS AND WHY IT'S IMPORTANT — What should be clear by now is that Rite Aid is making a big comeback, and along the way, it's also carving out an important niche for itself.

(THE NEWS: Rite Aid opens 'next generation' Wellness store, reports September sales. For the full story, click here.)

October 3, 2012

Independence Blue Cross announced that it has expanded members' access to care by adding coverage for treatment at urgent care centers and retail clinics, and also has developed a new Web tool to help members locate these facilities.

PHILADELPHIA — Independence Blue Cross announced that it has expanded members' access to care by adding coverage for treatment at urgent care centers and retail clinics, and also has developed a new Web tool to help members locate these facilities.

The new Web tool is designed to make it easier for members to find urgent care centers and retail clinics for care for nonemergency conditions when their personal physicians are not available, like evenings and weekends.

October 1, 2012

Rep. Mike Honda, D-Calif., of the Silicon Valley is preparing to introduce legislation that will create a new division within the Food and Drug Administration to govern fast-developing healthcare applications, according to a report published by Kaiser Health News last week.

MENLO PARK, Calif. — Rep. Mike Honda, D-Calif., of the Silicon Valley is preparing to introduce legislation that will create a new division within the Food and Drug Administration to govern fast-developing healthcare applications, according to a report published by Kaiser Health News last week. 

It's big business — according to projections made by Research2guidance, the healthcare mobile app market, dubbed mHealth, could total $1.3 billion by year's end, up from $718 million in 2011. 

September 28, 2012

The new data by Marketdata Enterprises is significant as it puts a number against a very valuable and fast-growing segment of health care that will continue to grow regardless of who is elected president and what happens to healthcare reform.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The new data by Marketdata Enterprises is significant as it puts a number against a very valuable and fast-growing segment of health care that will continue to grow regardless of who is elected president and what happens to healthcare reform.

September 28, 2012

Sticker shock is often a major factor in any person's purchasing decisions, but while deciding to put off buying a new car might not have catastrophic consequences, not filling a prescription because it costs too much can.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Sticker shock is often a major factor in any person's purchasing decisions, but while deciding to put off buying a new car might not have catastrophic consequences, not filling a prescription because it costs too much can.

(THE NEWS: Pharmacists say cost is biggest barrier to Rx adherence. Click here to read the story.) 

September 28, 2012

Fiscal 2012 is now in Walgreens' rearview mirror as the company looks ahead toward 2013 with its foot on the accelerator

 DEERFIELD, Ill. — Fiscal 2012 now is in Walgreens' rearview mirror as the company looks ahead toward 2013 with its foot on the accelerator. A re-entry into the Express Scripts pharmacy provider network, a new loyalty card and synergies borne out of the Alliance Boots partnership will all help fuel Walgreens' health-and-wellness engine. 

Walgreens stock was up slightly within the half-hour of the call to approximately $36.70 per share. WAG had closed Thursday at $36.52 and opened Friday morning at $36.27. 

September 28, 2012

2012 was a tough year for Walgreens. The Chicagoland retailer took a stand against a major PBM and took it on the chin. But that entire time, while the company did what it thought was right to protect the value of the services it provides today, Walgreens continued to focus on developing a better retail pharmacy experience with many new product offerings and services that is setting the stage for tomorrow.

WHAT IT MEANS AND WHY IT'S IMPORTANT — 2012 was a tough year for Walgreens. The Chicagoland retailer took a stand against a major PBM and took it on the chin. But that entire time, while the company did what it thought was right to protect the value of the services it provides today, Walgreens continued to focus on developing a better retail pharmacy experience with many new product offerings and services that is setting the stage for tomorrow. Well Experience and flagship stores. Pharmacists practicing at the top of their license. Health ambassadors in the aisle. Fresh.

September 27, 2012

In recognition of American Pharmacists Month in October, CVS Caremark released results from a new survey of CVS retail pharmacists, which underscored that cost remains a key barrier to medication adherence and reinforced the important role of the pharmacist in helping people take their chronic medications as directed.

WOONSOCKET, R.I. — In recognition of American Pharmacists Month in October, CVS Caremark released results from a new survey of CVS retail pharmacists, which underscored that cost remains a key barrier to medication adherence and reinforced the important role of the pharmacist in helping people take their chronic medications as directed.

September 27, 2012

Satisfaction among customers using mail-order pharmacies to fill their prescriptions continued to decline, falling significantly below customer satisfaction with brick-and-mortar pharmacies, according to the J.D. Power and Associates "2012 U.S. Pharmacy Study" released Thursday.

WESTLAKE VILLAGE, Calif. — Satisfaction among customers using mail-order pharmacies to fill their prescriptions continued to decline, falling significantly below customer satisfaction with brick-and-mortar pharmacies, according to the J.D. Power and Associates "2012 U.S. Pharmacy Study" released Thursday.

September 24, 2012

The retail health clinic and urgent care center market currently is worth about $10 billion and is poised for strong growth in the coming years as the shortage of primary care physicians and crowded emergency rooms increasingly move patients to retail sites, according to new data by Marketdata Enterprises, an independent market research publisher.

TAMPA, Fla. — The retail health clinic and urgent care center market currently is worth about $10 billion and is poised for strong growth in the coming years as the shortage of primary care physicians and crowded emergency rooms increasingly move patients to retail sites, according to new data by Marketdata Enterprises, an independent market research publisher.

September 21, 2012

Once again, mobile capabilities made headlines as a study by ComScore revealed that nearly 86 million Americans are now shopping on their smartphones. To put it another way: That’s 4-out-of-5 smartphone users.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Once again, mobile capabilities made headlines as a study by ComScore revealed that nearly 86 million Americans are now shopping on their smartphones. To put it another way: That’s 4-out-of-5 smartphone users.

(THE NEWS: Survey: 4-out-of-5 smartphone users access retail content. For the full story, click here.)

September 21, 2012

The general consensus seems to be that the turnaround that the country's third-largest retail pharmacy chain has engineered over the past few years is working.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The general consensus seems to be that the turnaround that the country's third-largest retail pharmacy chain has engineered over the past few years is working.

(THE NEWS: Rite Aid looks to retain ESI patients, provide 'superior customer experience.' For the full story, click here.)

September 21, 2012

"It is not from the benevolence of the patient, the pharmacist or the payer that we expect our better health, but from their regard to their own self interest." While the somewhat-modified quote is ascribable to Adam Smith, an 18th-century economist credited with the invisible hand theory, the principle holds true.

WHAT IT MEANS AND WHY IT'S IMPORTANT — "It is not from the benevolence of the patient, the pharmacist or the payer that we expect our better health, but from their regard to their own self interest." While the somewhat-modified quote is ascribable to Adam Smith, an 18th-century economist credited with the invisible hand theory, the principle holds true: Solutions developed as a part of commerce are both more efficient and more sustainable because they benefit all involved.

September 20, 2012

With the dispute between Walgreens and Express Scripts over, one of the biggest challenges for Rite Aid will be retaining the customers it won over during the impasse.

CAMP HILL, Pa. — With the dispute between Walgreens and Express Scripts over, one of the biggest challenges for Rite Aid will be retaining the customers it won over during the impasse.

That was the biggest message during a conference call between Rite Aid executives and Wall Street analysts Thursday morning as the company announced its second quarter 2013 results.

September 20, 2012

Four-out-of-every-5 smartphone users — 85.9 million people — accessed retail content on their device in July, according to a study by ComScore.

RESTON, Va. — Four-out-of-every-5 smartphone users — 85.9 million people — accessed retail content on their device in July, according to a study by ComScore.

Amazon led as the top retailer with an audience of 49.6 million visitors, representing 46.6% of smartphone owners, followed by eBay with 32.6 million visitors and Apple with 17.7 million visitors. Walmart had the largest reach among traditional brick-and-mortar retailers with 16.3 million visitors, followed by Target with 10 million visitors and Best Buy with 7.2 million smartphone visitors.

September 19, 2012

Walmart is hoping to blaze a bold new trail down the path toward wellness in its healthy food discount partnership with HumanaVitality announced this morning, and the global retailer has challenged others to follow.

BENTONVILLE, Ark. — Walmart is hoping to blaze a bold new trail down the path toward wellness in its healthy food discount partnership with HumanaVitality announced this morning, and the global retailer has challenged others to follow. 

September 14, 2012

It's counterintuitive. The durable medical equipment competitive bidding program is supposed to reduce the cost of care, but in fact — across many rural communities — it may end up serving as a barrier to the access of that care.

WHAT IT MEANS AND WHY IT'S IMPORTANT — It's counterintuitive. The durable medical equipment competitive bidding program is supposed to reduce the cost of care, but in fact — across many rural communities — it may end up serving as a barrier to the access of that care. Though truth be told, in the end it will succeed in reducing the overall cost of care in much the same way the cost of sugarcane would be reduced in a sugar-free zone. If you can't access the care, you can't pay for it and, consequently, the cost of that care is less expensive.

September 14, 2012

William Gibson, the science fiction author famous for being a key founder the cyberpunk literary movement, once wrote, "The future is already here. It just hasn't been evenly distributed yet." That's especially true when considering the relatively slow adoption of mobile technology by retailers despite the buzz surrounding it and its enormous potential.

WHAT IT MEANS AND WHY IT'S IMPORTANT — William Gibson, the science fiction author famous for being a key founder of the cyberpunk literary movement, once wrote, "The future is already here. It just hasn't been evenly distributed yet." That's especially true when considering the relatively slow adoption of mobile technology by retailers despite the buzz surrounding it and its enormous potential.

September 14, 2012

With the growth of consumer-driven care and more of the burden of managing costs falling on patients’ shoulders, there’s no doubt that patients are responding to the convenient, cost-effective health care provided by retail health clinics. Further evidence of this is the recent results of the Harris Interactive poll.

WHAT IT MEANS AND WHY IT'S IMPORTANT — With the growth of consumer-driven care and more of the burden of managing costs falling on patients’ shoulders, there’s no doubt that patients are responding to the convenient, cost-effective health care provided by retail health clinics. Further evidence of this is the recent results of the Harris Interactive poll.

September 12, 2012

Retailers remain conservative when it comes to financial investments in mobile and tablet initiatives despite the industry buzz, according to a survey by Shop.org and Forrester Research.

DENVER, Colo. — Retailers remain conservative when it comes to financial investments in mobile and tablet initiatives despite the industry buzz, according to a survey by Shop.org and Forrester Research.

September 11, 2012

Louisiana pharmacist Randy Mire testified before Congress Tuesday that efforts to combat the diabetes epidemic in his home state and elsewhere would be significantly undermined if independent community pharmacies like his are forced to stop offering diabetes testing supplies as a result of Medicare’s competitive bidding program for durable medical equipment, according to a National Community Pharmacists Association release.

ALEXANDRIA, Va. — Louisiana pharmacist Randy Mire testified before Congress Tuesday that efforts to combat the diabetes epidemic in his home state and elsewhere would be significantly undermined if independent community pharmacies like his are forced to stop offering diabetes testing supplies as a result of Medicare’s competitive bidding program for durable medical equipment, according to a National Community Pharmacists Association release.

Mire appeared on behalf of NCPA before the U.S. House Small Business Subcommittee on Healthcare and Technology.