Industry News

07/07/2010

Decision Resources a research and advisory firm for pharmaceutical and healthcare issues, finds that the launch and uptake of novel oral anticoagulants and antiarrhythmic agents -- specifically, drugs from Boehringer Ingelheim, Bayer/Johnson & Johnson, Bristol-Myers Squibb/Pfizer and Sanofi-Aventis -- will drive the atrial fibrillation drug market to increase more than eight-fold, from $843 million in 2009 to $6.8 billion in 2019.More »

07/01/2010

Results from a Pharmacy Technician Certification Board (PTCB)-sponsored survey find that lead pharmacists perceive pharmacy technician certification as an essential component in reducing medication errors, ensuring patient safety, and increasing positive health outcomes.

The results, unveiled at the American Pharmacists Association (APhA) Annual Meeting in March 2010 by researcher Shane Desselle, R.Ph, PhD, FAPhA, Associate Dean for Tulsa Programs, Chair, and Professor of the Department of Pharmacy: Clinical and Administrative Sciences at University of Oklahoma College of Pharmacy, were gathered from a random sample of over 3,250 pharmacists serving in a variety of practice settings across the United States.More »

06/29/2010

Building on the passage of pharmacy-specific provisions in the new healthcare reform law, the National Association of Chain Drug Stores (NACDS) and National Community Pharmacists Association (NCPA) announced their strong endorsement of the Medication Therapy Management Expanded Benefits Act of 2010, authored and introduced by U.S. Senator Kay Hagan (D-NC) today. Senator Al Franken (D-MN) is an original cosponsor of the bill.

The bill aims to enhance pharmacist-provided medication therapy management (MTM) services – first codified into law in the Medicare Modernization Act of 2003 – for Medicaid and Medicare beneficiaries by opening MTM services to patients suffering with any chronic condition or disease.More »

06/24/2010

Despite having the most expensive health care system, the United States ranks last overall compared to six other industrialized countries -- Australia, Canada, Germany, the Netherlands, New Zealand, and the United Kingdom -- on measures of health system performance in five areas: quality, efficiency, access to care, equity and the ability to lead long, healthy, productive lives, according to a new Commonwealth Fund report.

While there is room for improvement in every country, the U.S. stands out for not getting good value for its health care dollars, ranking last despite spending $7,290 per capita on health care in 2007 compared to the $3,837 spent per capita in the Netherlands, which ranked first overall.More »

06/22/2010

Electronic health record systems likely will soon become a fixture in medical settings. Advocates claim they will reduce health care costs and improve medical outcomes, which could be critical since the new health care reform law increases access for millions of Americans. Although benefits of bringing information technology to health records can be substantial, EHR systems also give rise to increased liability risks for health care providers due to possible software or hardware problems or user errors.

Two Case Western Reserve University professors, in a scholarly article published in the Berkeley Technology Law Journal, shed light on liability concerns and electronic health records systems. Until now, such a linkage has received little attention in the legal literature.More »

06/19/2010

WOONSOCKET, R.I. & DEERFIELD, Ill., - CVS Caremark Corporation and Walgreens announced that the companies have reached an agreement on terms under which Walgreens will continue participating in the CVS Caremark pharmacy benefit management (PBM) national retail network for existing, new or renewal plans. The companies are not disclosing the financial terms of the new contract.More »

06/09/2010

CVS Caremark Corporation announced that, while it has worked diligently to come to terms with Walgreens on an agreement that would allow Walgreens to continue as a member of the CVS Caremark PBM pharmacy network, it has no choice but to terminate Walgreens' participation in its retail pharmacy networks effective 30 days from today, or as otherwise may be required by applicable law or contract requirements. In addition, CVS Caremark will terminate Walgreens' participation in its Medicare Part D retail pharmacy networks effective January 1, 2011. CVS Caremark said that Walgreens' most recent actions have violated the terms of its existing agreements and that Walgreens has failed to respond to efforts by CVS Caremark to continue business negotiations.More »

06/07/2010

In a letter to CVS Caremark Corp., Walgreens said that it will not participate as a provider in any new and renewed prescription drug plans awarded after June 7 to CVS Caremark’s pharmacy benefit manager (PBM). The company said it had concluded that it was no longer in the best interests of its customers, pharmacists and shareholders to grow its future business with CVS Caremark. Current CVS Caremark plans in which Walgreens is already a pharmacy provider will not be affected.More »

06/01/2010

Following more than ten years of advocacy, the National Association of Chain Drug Stores (NACDS) today applauded the Drug Enforcement Administration (DEA) for issuing its interim final rule allowing for the electronic prescribing of controlled substances (EPCS). This is the first time ever that there can be a coordinated e-prescribing system for both controlled and non-controlled prescription medication. The prior inability to utilize e-prescribing for controlled substances frequently was reported as a major barrier to physician adoption of e-prescribing.More »

05/26/2010

The Texas State Board of Pharmacy (TSBP) has awarded the Pharmacy Technician Certification Board (PTCB) with the Pharmacy Technician Certification Provider contract in Texas. PTCB has actively certified pharmacy technicians in Texas since 1995 and this new contract with the TSBP is effective immediately.

Gay Dodson, R.Ph., Executive Director of the TSBP, indicated that "In 1995, the TSBP became the first state to require all pharmacy technicians to have taken and passed the PTCB exam. In 2001, the Texas Legislature placed this requirement into the Pharmacy Act and made passing a board-approved certification examination a pre-requisite to registration."

PTCB was selected for the contract after a rigorous bidding and evaluation process that included formal reviews and evaluations from three independent psychometricians. The thorough evaluation process began in 2008 and allowed TSBP to confidently recognize PTCB as a single provider of accredited certification examinations for pharmacy technicians.More »

PTCB, Texas

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