AmerisourceBergen extends WBA deal by 3 years
VALLEY FORGE, Pa. – AmerisourceBergen on Thursday announced that it has extended the term of its strategic, long-term relationship with Walgreens Boots Alliance for an additional three years.
As a result, both the pharmaceutical distribution contract and the Walgreens Boots Alliance Development relationship have been extended to 2026. The extension includes an enhanced commitment from Walgreens Boots Alliance to utilize AmerisourceBergen as its key U.S. distribution partner, and AmerisourceBergen has agreed to make certain working capital investments in the relationship and will proceed with additional capital investments in its distribution network.
“We are thrilled to extend our innovative and highly successful partnership with Walgreens Boots Alliance, and we look forward to continuing to reap the rewards of this unique and collaborative relationship well beyond the original 10-year term,” stated Steven Collis, chairman, president and CEO AmerisourceBergen.
CVS Caremark certified by NCQA in Utilization Management
WOONSOCKET, R.I. – CVS Health announced Thursday that pharmacy benefits manager CVS Caremark was certified by NCQA in Utilization Management. NCQA Utilization Management Certification is a quality assessment program that focuses on consumer protection and customer service improvement. Standards recognize that organizations that apply for certification have open access networks, and can improve service quality and utilize customized structures to meet purchaser needs.
"At CVS Caremark, we are pleased to earn this important certification from NCQA, which further validates our commitment to providing high quality utilization management services to our clients," stated Jonathan Roberts, president of CVS Caremark. "Utilization management programs help ensure that members access clinically appropriate and cost-effective therapies and as a result, are integral in helping our clients manage costs while improving health outcomes for their members."
The CVS Caremark Utilization Management Program is designed to encourage the appropriate and effective use of medications, identify optimal drug use and promote cost-effective drug benefit plan designs for CVS Caremark clients. The program is based on evidence-based drug information, published guidelines and consensus statements and standards of medical practice, the company stated.
"Achieving Utilization Management certification from NCQA demonstrates that CVS Caremark has the systems, process and personnel in place to conduct utilization management in accordance with the strictest quality standards," said Margaret O'Kane, president, NCQA.
NCQA's certification review includes an on- and off-site evaluation conducted by a team of physicians and managed care experts. A review oversight committee of physicians analyzes the team's findings and assigns a certification status based on the organization's performance against standards within applicable certification options.
Costco sales up 3% to $9 billion for April
ISSAQUAH, Wash. – Costco on Wednesday reported net sales of $9 billion for the month of April, the four weeks ended May 1, 2016, an increase of 3% as compared to the similar period last year.
"For the U.S., the regions with the strongest results were the Midwest, Texas and Northwest," stated Jeff Elliott, AVP financial planning and investor relations, Costco. "Conversely, the weakest comp sale results in the U.S. were in California. The traffic at the California buildings was slightly negative for the month. Excluding the California buildings, U.S. traffic was up approximately 3%," he said. "Our California locations represent a little more than one-third of our total U.S. sales, and we believe the high penetration of gas stations at those buildings generated stronger traffic last year, resulting in tougher comparisons this year for the California business."
Excluding the negative impacts from gasoline prices deflation and foreign exchange, Costco's U.S. store base realized a 2% gain in same-stores sales in that four-week period and Costco's Canadian operation realized a 7% gain.
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