CoverMyMeds has processed 5 million prior authorizations
COLUMBUS, Ohio — Prior-authorization software company CoverMyMeds reached a milestone Tuesday as the 5 millionth PA request was sent through its system.
CoverMyMeds said the announcement came a day after the National Council for Prescription Drug Programs published the first e-prescribing standard to include the electronic PA implementation guide. CoverMyMeds has worked with the industry to develop the standard and said it was the first provider software vendor to use the standard at scale.
"Four major health plans and PBMs are working with us to make real-time electronic prior authorization possible for their patients," CoverMyMeds co-founder Matt Scantland said. "We expect that most major PBMs and health plans will be transacting electronically with CoverMyMeds within the year."
CoverMyMeds’ network includes nearly two-thirds of all retail pharmacies and more than 100,000 prescribers and their staff. "This milestone means that nearly 5 million people got established on the drugs they need to stay healthy or to treat a chronic condition," Scantland said.
Meijer to open first store in Detroit
GRAND RAPIDS, Mich. — Despite having its headquarters and a significant presence in Michigan, mass-merchandise retailer Meijer hasn’t opened any stores in the state’s largest city, but that will change Thursday.
Meijer will open its first city in Detroit at the Gateway Marketplace shopping center. The 190,000-square-foot store, at the former Michigan State Fairgrounds, will include a pharmacy with walk-in health screenings, immunizations, pharmacists trained in diabetes and a drive-through, as well as produce and other merchandise.
"We are thrilled to offer the Meijer experience to our new neighbors," co-chairman Doug Meijer said. "There’s so much history and pride here, so many people who’ve lived their entire lives in the city of Detroit, that the opportunity to provide healthy living options and help encourage growth is something our company is grateful to be part of."
For most major cities, the opening of a new store — whether a drug store or a mass merchandiser — would be a rather ho-hum event, but the new Meijer is of particular significance to Detroit, which last week became the largest city in U.S. history to declare bankruptcy and which has struggled for years with a declining population and economic collapse.
The company is emphasizing the donation of more than 6% of net profit to such charitable organizations as food pantries and partnerships with local farmers and businesses, such as Detroit-based Atwater Brewery, whose State Fair Pale Ale will be featured at the store.
"The opening of Detroit’s first Meijer store means new jobs, continued economic growth and greater convenience for the residents of our city," Detroit mayor Dave Bing said. "As the anchor of the new Gateway Marketplace shopping center, Meijer represents another important business investment that is transforming Detroit into a retail destination."
Cosmoprof North America 2013 proved to be record year
LAS VEGAS — Cosmoprof North America 2013 proved to be a record year for the beauty show both in terms of the largest number of attendees and the largest number of participating exhibitors.
Encompassing all sectors of the industry under one venue, CPNA is one of the most important forums for the beauty industry in the United States. North American Beauty Events, a joint venture between BolognaFiere Group, an Italian-based organizer of international trade shows such as Cosmoprof Worldwide Bologna, and the Professional Beauty Association, organize the show.
This year’s confab was held at the Mandalay Bay Convention Center in Las Vegas from July 14 to 16.
The event featured a sold out show floor with 892 exhibiting companies, along with more than 26,000 attendees — an 8% increase over the previous year. As in past years, CPNA attracted many new and innovative brands in addition to several industry leaders such as Conair, Essie/L’Oreal Professional, OPI Nail and Orly.
Furthermore, the international presence continued to grow at CPNA. The International Buyer Program served as a liaison between international buyers and exhibiting companies and, over the course of the three-day event, there were more than 219 meetings with 179 exhibiting companies.
In addition to the International Buyer Program, domestic companies were able to meet with a delegation of more than 116 foreign buyers from 11 countries including Czech Republic, Ukraine, Bulgaria, Italy, Dominican Republic, Brazil, Mexico, Guatemala, Colombia, Thailand and Croatia, which resulted in 100 meetings with U.S. exhibitors.
This year, the total number of international exhibiting companies and countries represented was higher than ever. There were 314 international exhibitors representing a total of 38 countries — a 7% increase. Aside from individual international exhibitors, there were eight Country Pavilions from Brazil, China, Columbia, Italy, Korea, Pakistan, Spain and Turkey.
“Cosmoprof North America continues to expand and innovate while remaining North America’s most influential event for the professional beauty industry. Along with Cosmoprof Worldwide Bologna and Cosmoprof Asia, BolognaFiere Group provides a unified platform that continues to meet the needs of the global beauty industry,” stated Duccio Campagnoli, president of BolognaFiere Group and SoGeCos.
Discover Beauty, an exclusive initiative of CPNA, assists emerging brands in finding the appropriate retail market, while highlighting new trends. These brands, which were housed in a curated section, enjoyed one-on-one meetings with such retailers as C.O. Bigelow, Duane Reade, Amazon.com and Dermstore.com.
All 19 brands enrolled in this program were competing for the Discover Beauty Award. Brands were judged on creativity, innovation and market readiness.Skin&CO Roma from Italy took home the 2013 Discover Beauty Award.
CPNA also brought back Spotlights for a second year as part of the Discover Beauty program. Spotlights is an exhibit space for smaller, artisan companies whose products are ideal for boutiques, spas, salons and high-end retailers. This year’s program featured 20 brands.
New to the agenda
As previously reported by Drug Store News, CPNA added two new programs to this year’s agenda — Beautique sampling bar and TV Open-See.
Exhibiting brands had the opportunity to participate in the first-ever one-stop beauty shop called Beautique. This sampling bar enabled attendees to select deluxe-sized samples, including the latest in up-and-coming cosmetics, skin care, nails, hair and some classic beauty favorites. Once at the sampling bar, attendees could hand-pick seven samples from 20 featured exhibiting brands in exchange for a small charitable donation to benefit City of Hope.
CPNA also hosted a live TV Open-See. Key merchants from QVC, HSN and The Shopping Channel, along with their teams, hosted a live Open-See to meet with exhibiting companies. The live presentations were open to all pre-registered CPNA exhibitors.
Cosmoprof North America 2014 will take place July 13 to 15 at the Mandalay Bay Convention Center in Las Vegas.