CVS Pharmacy & Business News

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Special Report: Health Event Horizon

For years, community pharmacy has presented itself as one of the best solutions out there for the ills plaguing the nation’s overstretched and over-costly healthcare system. Few things drive that message home as effectively as the rapid growth of in-store health fairs and disease screening events at drug store, supermarket and mass merchandise pharmacies nationwide. In this special report, DSN examines the growth of in-store health fairs.

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Forbes: Is next evolution of retail clinic in urgent care?

Is urgent care the next evolution of today's rapidly expanding retail clinics? On Wednesday Forbes speculated that the fast-growing urgent care market may be ripe for an entry from CVS Health or Walgreens Boots Alliance. "CVS or Walgreens will attempt to enter the standalone urgent care and primary care spaces in the next 12 to 24 months," suggested Gordon Maner, managing partner Allen Mooney Barnes in a recent report, Forbes noted. "Walmart, Target and other consumer-driven businesses will attempt to increase touch points with customers via immediate and scheduled healthcare services, although they will struggle to find profitability." (Forbes)

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Drug Channels ranks pharmacies on 2015 total prescription revenues

Drug Channels on Thursday released its latest ranking of pharmacies based on total prescription revenues, with Walgreens Boots Alliance the largest of retail pharmacies, followed by CVS Health and Walmart. "We estimate that total revenues of retail, mail and specialty pharmacies reached $364.1 billion in 2015, up 12.1% from 2014," wrote Adam Fein, CEO Drug Channels Institute. "The top tier of dispensing pharmacies ... accounted for about 64% of U.S. prescription dispensing revenues in 2015." (Drug Channels)