CVS Caremark receives PBM, DTM accreditation
WOONSOCKET, R.I. — CVS Caremark has been awarded Pharmacy Benefit Management and Drug Therapy Management accreditation from URAC, a Washington, D.C.-based healthcare accrediting organization that establishes quality standards for the healthcare industry, the pharmacy retailer has announced.
"CVS Caremark is pleased to receive these accreditations," stated Jon Roberts, president of CVS Caremark’s PBM business. "This provides further validation of the company’s ongoing focus and commitment to patient care, outstanding customer service and overall quality."
URAC’s PBM Accreditation standards cover the organization’s contract terms and pricing structures; ensure access to drugs and pharmacies; provide for drug utilization management, formulary management, patient safety and customer service; and create a process for PBM outcomes measurement and quality improvement.
URAC’s DTM Accreditation standards cover the essential parts of a DTM business, including driving appropriate therapeutic outcomes for consumers and reducing adverse events; promoting rational, clinically appropriate, safe and cost-effective DTM through evidence-based medicine; encouraging communication about medication use; supporting population specification, consumer identification and recruitment; and creating a process for DTM outcomes measurement and quality improvement.
McKesson Q2 revenues up 11% to $33 billion
SAN FRANCISCO — McKesson on Thursday reported $33 billion in revenues for the second quarter ended Sept. 30, up 11% compared to the year-ago period. Second-quarter adjusted earnings per diluted share was $2.27, up 19%.
“McKesson delivered another quarter of strong operating performance,” stated John Hammergren, chairman and CEO. “I am pleased with the excellent performance across all of our businesses for the first half of our fiscal year. Based on our performance to date and our expectations for the fiscal year, we are updating our previous outlook and now expect adjusted earnings per diluted share of $8.40 to $8.70 for the fiscal year ending March 31, 2014.”
Distribution Solutions revenues were up 11% in the second quarter, driven mainly by strong growth in U.S. pharmaceutical direct distribution and services revenues due to market growth, mix of business and one additional sales day.
Canadian revenues, on a constant currency basis, increased 14% for the second quarter primarily due to market growth and new customer wins. Including an unfavorable currency impact of 5%, Canadian revenues increased 9% for the second quarter.
Medical-Surgical distribution and services revenues were up 68% for the second quarter, driven primarily by the acquisition of PSS World Medical and market growth.
Technology Solutions revenues were up 8% in the second quarter compared to the prior year, driven primarily by acquisitions completed in the prior year.
Professional Woman’s Magazine recognizes Ahold USA’s diversity efforts
CARLISLE, Pa. — Ahold USA has won accolades for working with diverse and women-owned businesses, the supermarket operator said Wednesday.
Ahold, which owns the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket banners and the Peapod online grocery service, said Professional Woman’s Magazine had named it among the "Top Supplier Diversity Programs for Women" for 2013. The magazine has ranked companies in this way for 14 years.
"As a responsible retailer, we continue to maintain our strong commitment to developing business opportunities with women and minority-owned companies who can supply their products and services to our customers," Ahold USA SVP sales development Jodie Daubert said. "We’re pleased to be nationally recognized by Professional Woman’s Magazine and proud to work with these companies to offer their products and services in our stores."
Efforts by the company include sponsoring annual businesses fairs that emphasize local and diverse companies; this year’s fairs took place on Feb. 6 in Quincy, Mass., and on Sept. 11 in Carlisle, Pa. Eight-one companies, many headquartered in the area served by Ahold USA’s stores, participated in the fairs.