News

Walgreens extends price guarantee to ESI for Tricare pharmacy program

BY Allison Cerra

DEERFIELD, Ill. — In an effort to continue serving the U.S. Department of Defense’s Tricare pharmacy program in 2012, Walgreens has offered a new proposal to Express Scripts.

In what it calls "an ironclad guarantee," Walgreens said that the drug store chain’s prices would match or beat the average costs per adjusted prescription of all other pharmacies in the Tricare network. Walgreens added that it will produce savings for the program "without disrupting beneficiaries’ choice of a network pharmacy provider."

Taking its proposal further, Walgreens said that "in the event that [Walgreens] reaches an agreement with Express Scripts that included lower rates than those proposed for Tricare, then Tricare would have the option to switch to those rates. This most recent proposal of Walgreens would guarantee that no additional costs would be incurred by [ESI] or the Tricare pharmacy program as a result of keeping Walgreens in its pharmacy network."

As previously reported by Drug Store News, Walgreens announced its withdrawal from the Express Scripts pharmacy network come January. Earlier this month, however, the two reached an agreement pertaining to MMM Healthcare and PMC Medicare Choice plans in Puetro Rico, which will allow MMM and PMC members to have continued access to the Walgreens pharmacy network.


Interested in this topic? Sign up for our weekly Retail Health Provider e-newsletter.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Fright Aid: RAD offers thousands of Halloween-related items

BY Alaric DeArment

CAMP HILL, Pa. — Seven-in-10 Americans will celebrate Halloween, creating a $7 billion market, according to the National Retail Federation.

Retail pharmacy chain Rite Aid is addressing the demand with a wide selection of Halloween-related items, ranging from costumes and accessories to candy and decorations. This includes an online selection of 18,000 items.

The NRF predicts that a record 68.6% of Americans will celebrate Halloween on Oct. 31.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

CVS/pharmacy offers free gift cards promotion for ExtraCare Rewards members

BY Antoinette Alexander

WOONSOCKET, R.I. — In an effort to reward loyal shoppers, CVS/pharmacy has created a new promotion that allows members of its ExtraCare Rewards program to earn multiple free gift cards by shopping for essentials at more than 7,200 locations nationwide.

The new promotion began Oct.16 and will run through Dec. 25. Members of CVS/pharmacy’s ExtraCare Rewards program can earn $10 gift cards to Macy’s, Gap, Applebee’s, Shell Stations, American Express, Barnes & Noble or CVS/pharmacy every week by spending $30 on specially marked items found in the weekly CVS/pharmacy circular.

Customers can find the qualifying products on the front and back pages each week in the CVS/pharmacy circular beginning Oct. 16, which are accessible in-store, online and on Facebook. All qualifying products will be marked as part of the "Earn Free Gift Cards" promotion to make them easily identifiable. Eligible products will range from health and beauty items, to groceries and snacks, household needs, toys and electronics. Products included in the promotion will change each week.

Once ExtraCare customers reach the $30 required purchase threshold in the weeklong period, a special coupon will print on their receipt that can be redeemed immediately in-store for a $10 gift card. If customers prefer to wait to redeem their coupon they have up to 30 days to do so. Shoppers also will have the opportunity to take advantage of the deal every week, with new products in the weekly circular. However, there is no carry-over balance to the next week, since the specially marked products may change. Customers also will be able to earn up to five gift cards per week by making the qualifying $30 purchases (one $10 gift card is earned for each qualifying $30 purchase). There is a limit of five redemptions per week for each ExtraCare member.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?