January 8, 2024 by MMR
NACDS, NACDS president and CEO Steven Anderson, PBM, pharmacy benefit manager
Featured Articles, Leading Headlines, Retail News, Topics, Uncategorized
ARLINGTON, Va. – A new television ad from NACDS urges Congress to enact bipartisan pharmacy benefit manager (PBM) reforms that it has advanced in this legislative session. NACDS is warning against squandering the chance to protect Americans’ access to the pharmacies and pharmacists they trust and rely upon. In “Get It Done,” NACDS president and
September 11, 2023 by Jeffrey Woldt
Jeffrey Woldt, PBM
Issue 09-11-2023, Issues
Value-based care is coming to the PBM sector. Blue Shield of California last month launched a program that eschews the entrenched pharmacy benefits management model, replacing it with a consortium of companies — which includes Amazon Pharmacy and Mark Cuban Cost Plus Drug Co. — assembled to change the way prescription drugs are purchased and
July 20, 2022 by MMR
NACDS, PBM, PBMs
Leading Headlines, Retail News, Topics
ARLINGTON, Va. — The National Association of Chain Drug Stores is engaging in the drive for PBM reform on three fronts, the trade association said Wednesday, pointing to recent efforts in the media and in the state and federal government arenas. 1. NACDS Takes on “Defense of PBM” Op-ed in The Wall Street Journal Last
January 18, 2019 by MMR
CVS Caremark pharmacy benefit management, CVS Health, Managed Medicaid, PBM, Walmart
Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Health and Walmart on Friday reached a multi-year agreement in which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. The companies are not disclosing the financial terms of the new contract. “We are very pleased to have reached a mutually agreeable
December 5, 2018 by MMR
CVS Health, Guaranteed Net Cost, PBM
Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Health is introducing a new approach to pricing pharmacy benefit management services. The new Guaranteed Net Cost pricing model simplifies the financial arrangements underlying PBM contracts and focuses on helping plan sponsors deliver savings through PBM cost management strategies such as formulary, utilization management and performance pharmacy networks. This new model
August 2, 2016 by MMR
adjusted earnings, CVS Health Corp., PBM, second quarter, Target Corp.
Featured Articles, Leading Headlines, Money, Retail News
WOONSOCKET, R.I. — Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.6% to $43.73 billion from $37.17 billion