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Kmart reveals breach of payment data systems

BY Antoinette Alexander

HOFFMAN ESTATES, Ill. — Kmart’s payment data systems were breached beginning in early September, possibly compromising certain debit and credit card numbers, the retailer has announced.

According to Kmart, on Oct. 9 its information technology team detected its payment data systems had been breached. The company immediately launched a full investigation and is working with an IT security firm. The investigation to date indicates the breach started in early September.

According to the security experts, store payment data systems were infected with a form of malware that was undetectable by current anti-virus systems. The retailer was able to remove the malware. However, it believes certain debit and credit card numbers have been compromised.

Based on the forensic investigation to date, no personal information, no debit card PIN numbers, no email addresses and no social security numbers were obtained in the breach. There is also no evidence that kmart.com customers were impacted.

For those customers who shopped with a credit or debit card in Kmart stores during the month of September through Oct. 9, Kmart will be offering free credit monitoring protection.

Given the criminal nature of this attack, Kmart stated that it is working closely with federal law enforcement authorities, banking partners and IT security firms in the ongoing investigation. It is deploying further advanced software to protect customers' information.

 

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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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