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McKesson Specialty Health’s new integrated inventory solution for ophthalmologists

BY Antoinette Alexander

THE WOODLANDS, Texas and SUMMIT, N.J. — McKesson Specialty Health has announced the integration of its distribution services with General Medical Services’ Physician Office Drug Inventory System, an alliance that creates the first end-to-end integrated inventory and order-to-reimbursement verification solution designed specifically for ophthalmologists.

“Drug inventory control has become an important aspect of ophthalmology practice management. As the leading inventory management solution provider in ophthalmology, we are excited to offer this unique solution with McKesson Specialty Health. For the first time, ophthalmology providers have seamless access to a full spectrum of specialty drugs through an optimized system that tracks each dose from order to payment receipt, taking drug management to new levels of performance. We are confident this will result in overall cost savings to the practice,” stated GMS CEO Steven Madreperla.

Benefits of the new integrated inventory solution include:

  • Ordering and distribution services for specialty drugs;
  • Order accuracy and on-time drug delivery;
  • Product integrity and quality;
  • Exemplary customer service; and
  • Competitive pricing.

 
An automated inventory management and payment verification system that provides:

  • Increased efficiency with automated ordering functionality, including split lot orders;
  • Real-time order tracking and direct payment;
  • Charge capture, billing accuracy and payment verification with complete process transparency; and
  • Reduced administration time.

 

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Coca-Cola names Waller as new CFO

BY Ryan Chavis

ATLANTA — The Coca-Cola Co. on Thursday announced that its board of directors elected Kathy N. Waller as EVP and CFO, effective immediately. Waller is replacing Gary Fayard, who is retiring after 20 years with the company.

Waller most recently served as VP, Finance and Controller. She joined the company in 1987 as a senior accountant in the accounting research department and went on to assume roles of increasing responsibility. In addition to her role in finance, Waller leads the company’s Women’s Leadership Council. She also serves on the advisory board of Catalyst, a nonprofit organization with a mission to provide more opportunities for women and business.

Prior to joining Coca-Cola, Waller worked for Deloitte. She received her bachelor’s and MBA degrees from the University of Rochester in New York and is a certified public accountant.

The board also elected Larry M. Mark, Mark Randazza, Dr. Wamwari Waichungo, Ronald J. Lewis and Jos Wellekens as vice presidents of the company, effective immediately.

 

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Weis Markets to invest $101M in growth in 2014

BY Antoinette Alexander

SUNBURY, Pa. — Weis Markets has announced plans to invest $101 million in its growth program in 2014.

“Since 2008, we have invested more than $500 million in our growth and improvement programs. During this period, we completed more than 100 projects,” said Weis Markets president and CEO Jonathan Weis while briefing shareholders on the company’s plans and its results during the annual shareholder meeting. “This year, we plan to invest $101 million in growth and expect to complete work on 16 projects in 2014.”

Weis said the company opened four stores in 2013, with units in Woodlawn and Towson, Md., Hillsborough N.J., and Huntingdon Valley, Pa.

Weis also spoke of several key company initiatives, including its supply chain. “As a company that self-distributes, our supply chain is a vitally important area for us. Over the last year, we have increased our focus on maximizing efficiency by driving millions of dollars of cost out of the system, while maintaining our high standards for store service. This has helped us reduce store level inventories and improve freshness.”

He also said the company is planning to expand its 1.1 million square foot distribution center in Milton, Pa., in 2014.

 

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