In the connected economy, retail pharmacies like CVS, Walgreens, and Rite Aid face challenges to their traditional business models. As consumer preferences move toward digital solutions and telehealth services, these industry leaders are assessing their business strategies to remain viable. Strategic Shifts in Major Players...
Prescription savings platform GoodRx and its partner retail pharmacies will begin offering Affirm’s pay-over-time option directly to consumers in the coming months. With this new offering, approved consumers will be able to select an Affirm payment option for select medications at participating retailers on the...
CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive, CVS announced Friday (Oct. 18). “The board believes this is the right time to make a change,...
Rite Aid has teamed with Klarna to offer buy now, pay later options at its drugstores. The collaboration, announced Wednesday (Oct. 16), lets Rite Aid customers use Klarna’s Pay in 4 payment option when making purchases, paying for items in four installments. “Rite Aid shoppers with a Klarna account now...
October 15, 2024
Walgreens Boots Alliance is undertaking a transformation focused on its retail pharmacy business in response to persistent challenges in the consumer market and pharmacy sector. As part of this strategy, the company plans to close approximately 1,200 underperforming stores in the next three years to streamline operations and increase profitability. A challenging consumer spending environment […]
May 07, 2024
The robots are coming — to a pharmacy near you. As the world looks to streamline healthcare, the pharmacy automation market is poised to be just what the doctor ordered,...
July 30, 2020
Large pharmacy chains selling mixed merchandise are a mainstay of life throughout the developed world. Familiar planograms with the pharmacy in back, pulling shoppers through rows of candy and cosmetics...
September 19, 2017
Think the neighborhood pharmacy is dead and gone? There are more than 22,000 reasons to think otherwise, and Deepak Thomas, CEO of Phil, noted in the most recent edition of our...
November 05, 2024
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the report notes, negotiate the cost of prescription drugs between insurance […]
October 20, 2024
Prescription savings platform GoodRx and its partner retail pharmacies will begin offering Affirm’s pay-over-time option directly to consumers in the coming months. With this new offering, approved consumers will be...
October 18, 2024
CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive,...
October 16, 2024
Rite Aid has teamed with Klarna to offer buy now, pay later options at its drugstores. The collaboration, announced Wednesday (Oct. 16), lets Rite Aid customers use Klarna’s Pay in 4 payment option when making...
