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March 31, 2014

"Retailers are not just looking for new products, and lots of talk, they are looking for trusted partners and results," writes Dan Mack, founder of the Mack Elevation Forum, in his latest blog post.

As legendary Harvard Business School marketing professor Theodore Levitt once put it, "people don't want to buy a quarter-inch drill. They want a quarter-inch hole!"  Retailers are not just looking for new products, and lots of talk, they are looking for trusted partners and results.   

March 20, 2014

Okay, I’ll admit it. I’m a fan of NBC’s "The Voice." It’s not because of the variety of talent that graces the stage and tries to wow the judges and the general public, but rather because of the blind auditions. For those unfamiliar with this popular television reality show, singers have a 90-second audition to make an impression on the panel of celebrity judges.

March 17, 2014

Drug Store News’ sister publication Chain Store Age awards the winners of its 32nd annual Retail Store of the Year design competition, which recognizes the best in retail and restaurant design from around the world, as well as achievements in sustainability and in-store digital innovation.   

 

March 13, 2014

In December 2013, the Drug Store News Group hosted an exclusive roundtable discussion of leading pharmacy retailers and a select group of key vendors.

In December 2013, the Drug Store News Group hosted an exclusive roundtable discussion of leading pharmacy retailers and a select group of key vendors. Moderated by special guest Dave Wendland of Hamacher Resource Group, the panel tackled a wide range of issues, including implementation of the Affordable Care Act and how it will impact the practice of pharmacy and patient care in diabetes management, how to better leverage the pharmacist in injection training and nutrition counseling, and new programs that are helping to change patient behavior and improve outcomes.

March 6, 2014

DSN breaks down the brands and categories driving the business.

DSN breaks down the brands and categories driving the business.

 

February 27, 2014

Community pharmacy fills gaps in access and affordability for patients and payers.

Community pharmacy fills gaps in access and affordability for patients and payers.

February 12, 2014

"You may have heard the good news: through proactive involvement from pharmacists all across the state, California recently passed a law (SB 493 in October, 2013) declaring that pharmacists are healthcare providers who have the authority to provide healthcare services within the state. The law creates a new category of pharmacists by statute, for those who meet the criteria, and as a result creates new opportunities for pharmacists to engage with others more traditionally understood as healthcare providers to assist patients in managing chronic conditions," writes Nathan Ludvigson, director, government business development at Emdeon.

You may have heard the good news: through proactive involvement from pharmacists all across the state, California recently passed a law (SB 493 in October, 2013) declaring that pharmacists are healthcare providers who have the authority to provide healthcare services within the state.

February 11, 2014

The 15th annual Industry Issues Summit, hosted by The Drug Store News Group on Dec. 3, brought together a powerful lineup of some the top minds in the business.

The 15th annual Industry Issues Summit, hosted by The Drug Store News Group on Dec. 3, brought together a powerful lineup of some the top minds in the business. Discussion, which was driven by questions developed by a select group of vendors, focused on three core themes: strategic alignment between retailers and suppliers, better sharing of risk and maintaining trust and transparency. The transcript that follows represents key highlights from the day’s conversations.

February 7, 2014

From 2012 to 2017, global spending on medicines will increase from $205 billion to $235 billion, according to IMS Health. By 2017, 36% of the spend will be on generics, a number that is 9% more than the percentage in 2013.

As a result of the patent cliff, generic drug manufacturers have thrived while branded pharmaceutical manufacturers have suffered. Branded pharmaceutical manufacturers are expected to suffer even more in the coming years, as many more important patents will lose exclusivity.
A recent paper from the Centers for Medicare and Medicaid Services delves into these issues and more.

As a result of the patent cliff, generic drug manufacturers have thrived while branded pharmaceutical manufacturers have suffered. Branded pharmaceutical manufacturers are expected to suffer even more in the coming years, as many more important patents will lose exclusivity. 

A recent paper from the Centers for Medicare and Medicaid Services delves into these issues and more.

Click here to read the full Generics Drug Report 2014. 

 

February 7, 2014

Where is pharmacy automation headed, and how will it be put to use by pharmacists and the companies that employ them?

Where is pharmacy automation headed, and how will it be put to use by pharmacists and the companies that employ them?

 

February 6, 2014

"The unusually cold weather has likely put a deep freeze on retail sales, also. Not only did the retail sector experience a lackluster holiday shopping season, but now they are also hit with the reality that some shoppers are simply not going out into the cold. The winners may very well be online retailers," writes Hamacher Resource Group vice president Dave Wendland.

For those of us living in the Midwest — and perhaps throughout the country — we have become familiar with a weather term "polar vortex." No doubt you've heard the phrase pinging around the news media in recent weeks. One of the coldest Arctic outbreaks in two decades has blanketed a significant portion of our country, bringing bitterly cold temperatures to the Midwest, South, and East.

January 29, 2014

As the massive changes wrought by the Affordable Care Act reach a crescendo in early 2014, who are Americans turning to for help navigating the complexities of a health system in transformation?

As the massive changes wrought by the Affordable Care Act reach a crescendo in early 2014, who are Americans turning to for help navigating the complexities of a health system in transformation? In many cases, it’s to the nation’s most accessible health-and-wellness providers: community pharmacists.

According to an online survey of 348 pharmacists, conducted by Drug Store News, almost two-thirds say they have been receiving questions about health reform since Jan. 1.

January 10, 2014

One of the principles of association leadership says that an association should reflect the membership. Hopefully, NACDS’ approach to member service has resembled the can-do spirit of community pharmacy during the launch of exchange-based insurance.

One of the principles of association leadership says that an association should reflect the membership. Hopefully, NACDS’ approach to member service has resembled the can-do spirit of community pharmacy during the launch of exchange-based insurance. 
 

January 3, 2014

“How do we develop and maintain higher level strategic partnerships?” That was the theme of the recent Drug Store Industry Issues Summit in New York in December. Once a year, senior retail and manufacturing leaders get together to review the ever changing dynamics around how we create value for each other while satisfying the needs of the shopper.

“How do we develop and maintain higher level strategic partnerships?”
 

December 27, 2013

As the company completes its 50th year in business and the country awaits a period of change in health care unlike anything seen in at least that time, CVS Caremark executives are quite confident that its unique hybrid structure and its ability to leverage the three core parts of its business — either individually or together, in varying combinations to serve a multitude of needs — aligns more effectively with the long-term trends in health care and puts the company in a unique position at a singular moment in history.

As the company completes its 50th year in business and the country awaits a period of change in health care unlike anything seen in at least that time, CVS Caremark executives are quite confident that its unique hybrid structure and its ability to leverage the three core parts of its business — either individually or together, in varying combinations to serve a multitude of needs — aligns more effectively with the long-term trends in health care and puts the company in a unique position at a singular moment in history.

December 5, 2013

Regular visits to the doctor, keeping a strict fitness routine and dieting are perceived to be the most important elements in managing and preventing diabetes, according to a recent online survey of more than 500 AccentHealth viewers with diabetes or a family history of diabetes. As many as 94% of respondents visited their doctor regularly, and the same number of respondents exercised regularly. To see more Patient Views, click here.

Regular visits to the doctor, keeping a strict fitness routine and dieting are perceived to be the most important elements in managing and preventing diabetes, according to a recent online survey of more than 500 AccentHealth viewers with diabetes or a family history of diabetes. As many as 94% of respondents visited their doctor regularly, and the same number of respondents exercised regularly. To see more Patient Views, click here.

December 5, 2013

Among diabetes sufferers and those with a diabetic in their household, the critical role of the physician in condition management is most visible, according to a recent online survey of more than 500 AccentHealth viewers. Eight-in-10 indicate their doctor is very or somewhat involved in their own or their household member's diabetes management; half report their doctor is their primary source for condition info — 43% more than those using the second-most common source, health-related web sites.

Among diabetes sufferers and those with a diabetic in their household, the critical role of the physician in condition management is most visible, according to a recent online survey of more than 500 AccentHealth viewers. Eight-in-10 indicate their doctor is very or somewhat involved in their own or their household member's diabetes management; half report their doctor is their primary source for condition info — 43% more than those using the second-most common source, health-related web sites.

December 5, 2013

Making regular doctor appointments is the activity done most often by respondents (78%) to live a healthy life, at least 10 percentage points higher than diet and exercise, according to a recent online survey of more than 500 AccentHealth viewers with diabetes or a family history of diabetes. As many as 70% limit alcohol consumption, and 68% monitor their diet.

Making regular doctor appointments is the activity done most often by respondents (78%) to live a healthy life, at least 10 percentage points higher than diet and exercise, according to a recent online survey of more than 500 AccentHealth viewers with diabetes or a family history of diabetes. As many as 70% limit alcohol consumption, and 68% monitor their diet.To see more Patient Views, click here.

November 11, 2013

In terms of boosting medication adherence and prescription volumes, the benefits of consolidating all of a patient’s prescriptions into a single, once-a-month refill process are even greater than previously thought.

In terms of boosting medication adherence and prescription volumes, the benefits of consolidating all of a patient’s prescriptions into a single, once-a-month refill process are even greater than previously thought.

 

November 8, 2013

With all of the excitement, interest — and burning questions — about medication synchronization, DSN recently assembled five of the top technology providers in the industry for a virtual roundtable discussion.

With all of the excitement, interest — and burning questions — about medication synchronization, DSN recently assembled five of the top technology providers in the industry for a virtual roundtable discussion.

 

October 24, 2013

“The best of a chain combined with the best of an independent pharmacy.” That’s how Health Mart president Steve Courtman describes Health Mart’s “unique value proposition in the marketplace.”

“The best of a chain combined with the best of an independent pharmacy.” That’s how Health Mart president Steve Courtman describes Health Mart’s “unique value proposition in the marketplace.” That value, he added, is defined every day in thousands of communities across the United States by the pharmacy owner-operators who serve as the most accessible and most-utilized patient care providers in their local healthcare networks.

October 23, 2013

Looking back at the Health 2.0 7th Annual Fall Conference, more than 2,000 health IT entrepreneurs and thought leaders gathered to forge ahead in leading the healthcare revolution through innovative technologies, policies and collaborative ideas.

Looking back at the Health 2.0 7th Annual Fall Conference, more than 2,000 health IT entrepreneurs and thought leaders gathered to forge ahead in leading the healthcare revolution through innovative technologies, policies and collaborative ideas.

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October 17, 2013

Fifteen years of ExtraCare data is influencing everything from how the company builds stores to how it communicates with customers.

October 2, 2013

Secret-keeping in business is no joke, according to Hamacher Resource Group's Dave Wendland. According to Symantec, theft and misappropriation of trade secrets, customer lists and other intellectual assets is estimated to cost U.S. businesses $250 billion annually.

Abraham Lincoln is said to once have quipped: “It's not me who can't keep a secret. It's the people I tell that can't.”

But secret-keeping in business is no joke. According to Symantec, theft and misappropriation of trade secrets, customer lists and other intellectual assets is estimated to cost U.S. businesses $250 billion annually.