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Dollar General receives request for additional information from FTC regarding proposed acquisition

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Friday reported that, as expected, it has received a request for additional information from the Federal Trade Commission relating to Dollar General's proposed acquisition of Family Dollar Stores. The Second Request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and is a standard part of the regulatory review process.
 
Dollar General remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the FTC to obtain antitrust regulatory clearance for the transaction.
 
Goldman, Sachs & Co. is acting as financial advisor to Dollar General. KKR Capital Markets and MCS Capital Markets are advising Dollar General on the financing. Simpson Thacher & Bartlett is acting as its legal counsel.
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Cardinal Health scales MTM model nationally

BY Michael Johnsen

DUBLIN, Ohio — Cardinal Health on Monday launched a Medication Therapy Management Solution to help payers improve both the quality of care their members receive and their performance on the Centers for Medicare and Medicaid Services Five-Star Quality Ratings System. 
 
“It’s time for new MTM models that can help payers meet regulatory requirements while also ensuring value is delivered to the patient and payer,” said Brad Tice, product leader for the Cardinal Health Medication Therapy Management Solution. “Our pharmacist-delivered MTM Solution, empowered by predictive modeling tools and back-office support, helps ensure that a health plan’s most at-risk patients receive a Comprehensive Medication Review and other personalized counseling services that help drive medication adherence and improve overall health outcomes.”
 
Medication Therapy Management services provide a framework for pharmacists to systematically reduce medication errors and improve adherence. Patients who are most likely to benefit from MTM services are those who are chronically ill, who are managing multiple health conditions and those who are taking several medications.
 
CMS’ Five-Star Quality Ratings System includes several measures specific to medication use, including one that tracks the percent of MTM-eligible Medicare Part D beneficiaries who receive a Comprehensive Mediation Review each year. 
 
Earlier this year, Cardinal Health, which serves more than 8,000 independently owned pharmacies and thousands more chain pharmacies, launched a solution to make it easier and more time efficient for retail pharmacies to deliver MTM services to patients. The retail pharmacies that have participated in that program have delivered nearly four times as many CMRs as the industry average. The company’s new MTM Solution for payers will scale that program nationally, bringing a new MTM delivery model to market.
 
The company’s MTM Solution helps payers:
 
  • Identify, target and reach at-risk members: Cardinal Health compiles member data (including medical, lab, pharmacy and social/demographic data) from numerous sources to identify medication-related gaps in care. Cardinal Health then applies a predictive modeling engine, with clinical rules and a quality measures assessment, to identify members who could benefit most from pharmacist intervention;
  • Leverage the local patient care relationship for members: Cardinal Health then works to deliver MTM services to at-risk members, either via a community pharmacy that participates in its MTM network, or via a Cardinal Health licensed pharmacist who is certified in MTM; and
  • Measure savings and improved outcomes: Cardinal Health then analyzes the results from the MTM consultations and identifies closed gaps in care. Its new solution also tracks financial savings and plan performance improvements, including pharmacy spend, medical spend and Star Ratings performance. 
 
 
 
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ASAE awards Pharmacy Society of Wisconsin 2014 Summit Award

BY Antoinette Alexander

 

 

WASHINGTON — Earlier this month in Washington, D.C., ASAE – the Center for Association Leadership (formerly known as the American Society of Association Executives), presented the Pharmacy Society of Wisconsin with the 2014 Summit Award.

The Summit Awards recognizes important contributions to society from the trade association and professional society community.  PSW received this award in recognition for its initiative to improve health outcomes for Wisconsin patients.

PSW’s initiative — the Wisconsin Pharmacy Quality Collaborative — is an evidence-based approach to ensure that consumers are prescribed and dispensed medications with regular assessment of desired outcomes. Through the WPQC, pharmacists have provided tens of thousands of healthcare services to Wisconsin consumers, more than 1,000 pharmacists in the state have been certified and nearly half of the state’s pharmacies are accredited program partners.

The WPQC program is organized to improve health care quality and reduce health care costs by improving medication use. Focusing on cost‑effectiveness improvement alone has yielded a 4:1 return. Providing patients more information about their medications and providing a system that is designed to improve the coordination of their care is a strategy with anticipated long‑term results. A goal of the WPQC program is to create a standardized care process for patients who take medications.


Several NACDS chain pharmacies are participating in the WPQC program including Walgreens, Shopko, Aurora Pharmacy, Dean Pharmacies and Hometown Pharmacies.


Coincidentally, NACDS President and CEO, Steve Anderson, was previously selected to emcee of the ASAE Summit Awards Dinner, where PSW received their award.


Upon learning that he would have the honor of bestowing the award to PSW executives, Anderson commented, “The opportunity to recognize our friends and colleagues at PSW made the evening particularly rewarding, and particularly effective in advancing the growing recognition that pharmacy is receiving for its amazing work on behalf of the American people as the face of neighborhood healthcare.”
 

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