This year’s McKesson ideaShare 2014 kicked off with a bang as thousands of community pharmacy leaders flocked to Orlando, Fla., to participate in the annual event and seize the opportunities to grow in today’s changing healthcare landscape.
The Centers for Medicare and Medicaid Services’ Five-Star Quality Rating System already is impacting how pharmacies think about their patients and their medication adherence programs, noted Samuel Stolpe, director of quality strategies for the Pharmacy Quality Alliance, during a Lunch and Learn session Monday at McKesson ideaShare called “When the Stars Align: Prepare Your Pharmacy For Success.” According to Stolpe, it’s going to become a bigger influencer going forward, especially as the industry develops a pharmacy Star metric that will have a public element and certain health plans experiment with pay-for-performance models to incentivize higher Star ratings among pharmacies.
Addressing 3,000 independent pharmacy attendees representing more than 1,000 pharmacies at the McKesson ideaShare 2014, Mark Walchirk, president of McKesson’s U.S. pharmaceutical unit outlined the myriad of opportunities open to community pharmacy today, and how McKesson is investing in its independent pharmacy offerings to help those independents realize every one of those opportunities.
The National Business Group on Health, a nonprofit association of large U.S. employers, on Wednesday honored five retail pharmacy operations for their company wellness programs, including CVS Caremark, McKesson, Target, Kroger and Walgreens.
McKesson on Monday announced Lori Schechter has been appointed EVP, general counsel and chief compliance officer, replacing Laureen Seeger, who will leave McKesson at the end of June to become the EVP and general counsel of American Express Company.
The Hamacher Resource Group has announced that Dave Wendland, VP and member of the owners group at Hamacher Resource Group, will be speaking to members of the American Society for Automation in Pharmacy June 27 at their 2014 Midyear conference in Palm Beach, Fla., and on July 21, will speak to independent pharmacists attending McKesson’s IdeaShare conference in Orlando, Fla.
McKesson Specialty Health has announced the integration of its distribution services with General Medical Services’ Physician Office Drug Inventory System, an alliance that creates the first end-to-end integrated inventory and order-to-reimbursement verification solution designed specifically for ophthalmologists.
By adding complementary specialty medication offerings to their generic drug businesses, manufacturers can add instant value and counteract the margin compression that is currently occurring as a result of high generic drug utilization.
In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales.
OncologyRx Care Advantage, McKesson Specialty Health’s oral oncology products specialty pharmacy, on Monday announced that they have assisted under-insured patients in obtaining $40 million in financial assistance by helping them access financial assistance programs.
McKesson Specialty Health has announced that its Reimbursement, Access and Safety Services Solution Center in Scottsdale, Ariz., was certified as a Center of Excellence for the fifth consecutive year by BenchmarkPortal.
In anticipation of the March 13 deadline for comments on the FDA's proposed rule on prescription generic drug labeling, 21 health industry groups submitted a new letter to the agency on Thursday, raising concerns about the proposed regulation.
CommonWell Health Alliance, the health information technology vendor-led interoperability effort, announced on Monday that CVS Caremark has joined as one of the newest contributing members of the organization.
The market for electronic health and medical records is set to experience rapid growth over the coming years, with EMR peer group value estimated to climb from approximately $10.6 billion in 2012 to $17 billion by 2017, at a compound annual growth rate of 9.8%, according to research and consulting firm GlobalData.