MedPro Rx earns spot on Business Leader’s Top 300 Small Businesses ranking
RALEIGH, N.C. — MedPro Rx has earned one of the top spots in the Top 300 Small Businesses of the South competition hosted by Business Leader magazine.
Among small businesses in North Carolina’s Triangle region, MedPro Rx ranked second. The company said it also ranked No. 20 among the top 20 small businesses in the South. Companies were ranked based on revenue growth, business achievements, civic contributions and percentage of sales within their local market. MedPro Rx previously received this honor for small businesses in the Triangle region in 2009 and 2011.
"We are honored to be named one of the top small businesses in the Triangle," MedPro Rx presodent Nancy McFarlane said. "Our primary focus is taking care of our clients and meeting their needs. This award is a reflection of our team’s hard work and dedication to providing the best possible service."
Moving ahead with turnaround plan, Supervalu restructures executive leadership team
MINNEAPOLIS — Moving ahead with its previously announced turnaround strategy, Supervalu said it has overhauled its executive leadership team.
Led by chairman, president and CEO Wayne Sales, Supervalu announced that EVP retail operations Kevin Holt would take on an expanded role as president of Supervalu’s retail business. In this role, Holt will drive the overall strategy for the company’s traditional retail and pharmacy divisions, including overseeing the marketing and merchandising functions. Holt also will work closely with sales and his leadership team to clearly develop the company’s strategic platform, the company said.
As part of this change, EVP and chief marketing officer Michael Moore now will report to Holt, as will Tim Lowe, who has been promoted to EVP merchandising. Lowe previously served as SVP of Supervalu’s merchandising organization, a role he has held since May.
In addition, EVP merchandising and logistics Janel Haugarth has accepted the newly created position of EVP business optimization and process improvement at Supervalu. A 35-year company veteran, Haugarth will be responsible for identifying and executing strategies to make Supervalu a more streamlined, effective organization.
The executive moves follow the company’s less-than-favorable first-quarter results, reported in late July. Supervalu announced a number of dramatic measures to stabilize its business — reduction in capital spending, suspension of the company’s dividend, even the exploration of possible strategic alternatives — in conjunction with its declining first-quarter earnings results. One of the measures included the hiring of Wayne Sales to replace leader Craig Herkert.
"We are moving quickly to reinvigorate Supervalu, and that starts with leadership," Sales said. "The changes I have made to my executive team are designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business. These efforts are critical to our successful turnaround."
CSPN appoints Raymond Rede as VP managed care relations
DREXEL HILL, Pa. — Community Specialty Pharmacy Network has appointed a former Bayer Pharmaceuticals executive to serve as the organization’s VP managed care relations.
Raymond Rede will be responsible for "leading contracting initiatives with managed care organizations on national, regional and local levels and assisting in the development of our specialty provider network solutions," CSPN CEO Gerry Crocker said.
Rede comes to CSPN from Bayer Pharmaceuticals, where he was most recently director of the company’s managed markets marketing, a role in which he developed Bayer’s managed market strategy and messaging focusing on payer health economics for key Bayer specialty products. Prior to this, Rede had previously served as director of the drug maker’s specialty pharmacy market segment, which encompassed developing Bayer’s specialty pharmacy strategy across all specialty pharmacy stakeholder segments.
"In my experience over the last few years, two things are becoming very clear. Health outcomes have become a focus across the entire healthcare system," Rede said. "The specialty pharmacy segment is in a unique position to step forward and lead. Secondly, in the diseases specialty pharmacy is active in, there is still no substitute for personal intervention, particularly if positive outcomes are the goal. CSPN is well positioned to address these points for employers, payers and manufacturers alike."