retail pharmacy

What Will Rite Aid Need to Do to Recover from Bankruptcy?

Rite Aid filed for Chapter 11 bankruptcy protection on Sunday amid decreasing sales, billions of dollars in debt and more than a thousand lawsuits claiming the chain filled illegal prescriptions for opioids. In order for the company to get back on its feet, experts say it will have to start acting more like its competitors, such as Walgreens and CVS, by leaning more into care delivery, forging strong payer partnerships, and improving its digital offerings.

By Katie Adams

Retail Health

Intermountain to close 25 retail pharmacies, shift patients to CVS

Intermountain Healthcare plans to close 25 of its retail pharmacies, and will transfer those prescriptions to CVS Pharmacy starting next month. The change will affect about 250 employees.

By Elise Reuter

With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?

Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.

Retail Health, Health Services

Walgreens sees $1.7B net loss, but analysts like its primary care strategy

Facing declining retail traffic, particularly overseas, Walgreens posted a net loss of $1.7 billion for the quarter ending on May 31. The company still has a long road ahead, but analysts said they liked its long-term strategy with VillageMD.

By Elise Reuter

Pharma, Health Tech, Health Services

Rite Aid appoints digital health vet as CEO of struggling pharmacy chain

Donigan holds little experience in retail, instead serving as a executive at payers like Cigna and Premera Blue Cross and most recently as CEO of Sapphire Digital, a healthcare technology company that helps patients connect to high quality providers.

By Kevin Truong

Health Services

CVS CarePass membership program goes national

The company initially piloted CarePass in the Boston Area and said the program was able to drive a 15 to 20 percent increase in customer purchases while also appealing to a wider array of customers.

By Kevin Truong

Pharma, Payers

Walmart pharmacies to split with CVS Caremark over pricing issues

The contract dispute will affect Walmart's commercial and Managed Medicaid retail pharmacy patients.

By Kevin Truong

Pharma

CVS pilots new membership program in the face of increased competition from the likes of Amazon

The pharmacy company has launched a pilot membership program in the Boston area called CarePass that offers free one or two day delivery on most prescription medications and purchases, a discount on items under the CVS Health brand, access to a 24/7 pharmacist hotline and a $10 monthly store credit.

By Kevin Truong