PHARMACY

BioScrip reports turnaround in Q1

BY Alaric DeArment

ELMSFORD, N.Y. — First quarter 2011 sales at specialty pharmacy provider BioScrip increased by 31.1% over first quarter 2010. The company also showed a profit, compared with losses during the same period last year, according to financial results released Tuesday.

The company had sales of $439.3 million, compared with $335.1 million in first quarter 2010, while profits were $2.9 million, compared with losses of $7.2 million a year ago.

“We are beginning to realize early results of the restructuring efforts put in place last year, particularly in reducing our overall expenses,” BioScrip president and CEO Rick Smith said.

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PHARMACY

CVS Caremark relaunches website for PBM members

BY Allison Cerra

WOONSOCKET, R.I. — In an effort to further enhance the online experience for its pharmacy benefit management members, CVS Caremark announced it has relaunched Caremark.com.

The updated website, which boasts improved navigation and easy-to-understand language, is enhanced to provide PBM members a comprehensive destination site that allows them to easily manage their prescription benefits.

Caremark.com also sports such new features as:

  • My Dashboard: A personalized dashboard featuring a dynamic, tailored list of action items for the member, including placing orders, identifying savings opportunities, updating his or her profile and viewing his or her medication history;

  • Medication History: Members can view their past and current prescriptions in one place; and

  • Easy Refills: Faster and easier ways to place orders, manage alerts and use mobile apps.

CVS Caremark members with Caremark.com accounts do not need to re-register on the new site, the company noted.

"The relaunch of Caremark.com is another example of our commitment to finding innovative and effective ways to engage our PBM members to help them make quality healthcare decisions," said Tim Kurth, VP e-business at CVS Caremark. "The refreshed site design, use of member-focused language and a variety of new features make it even easier for our members to manage their prescriptions online, stay adherent to their medications and identify opportunities for increased savings."

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Armada introduces ReachRx OTM

BY Alaric DeArment

FLORHAM PARK, N.J. — Armada Health Care has launched a new Web-based specialty pharmacy therapy management system designed to allow pharmacies to optimize drug utilization and clinical outcomes while providing enhanced patient care, Armada said Monday.

The company announced the launch of ReachRx OTM, which includes features such as patient support protocols, side effects management, therapy discontinuation surveys and patient outcomes reporting.

Armada said the system’s reporting capabilities would assist pharmacies to optimize fiscal management, meet payer requirements and access biotech manufacturer programs requiring patient interventions and reporting.

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