Category Archives: Pharmacy

NEW YORK, Oct. 11, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: http://www.reportlinker.com/p096626/Pharmacy-Automation-Technologies-and-Global-Markets.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Pharmacies_and_Drug_Stores REPORT HIGHLIGHTS -The global market for pharmacy automation increased from $2.1 billion in 2006 to $2.3 billion in 2007. It should reach $3.6 billion by 2012, a compound annual growth rate (CAGR) of 9.4%.-By 2012, the inpatient pharmacy automation market is expected to be worth nearly $2.9 billion, a CAGR of 9.8%.-The outpatient pharmacy automation segment will continue to experience moderate growth through 2012, with a CAGR of 7.8% over the next 5 years. INTRODUCTION Although pharmacy automation dates back to the 1970s with the introduction of pill counting machines, the pharmacy automation market is anticipated to make generous strides in technology and efficiency through the forecast period outlined in this study. The continually increasing demand for accuracy, safety, industry standards, and competency in the pharmacy environment by regulatory authorities, manufacturers, healthcare professionals, and consumers has forced the growth of this market. New opportunities in various settings will continue to surface-from small, private, family-owned pharmacies to large hospital and mail-order service facilities, such as Medco Health Solutions, Inc. Many small, private pharmacies are still conducting operations through manual and … Continue reading →

08-10-2012 05:29 he pharmacy that distributed a steroid linked to an outbreak of fungal meningitis has issued a voluntary recall of all of its products, calling the move a precautionary measure. Read more here: Pharmacy linked to outbreak issues wide recall - Video … Continue reading →

KENNESAW,Ga., Oct. 9, 2012 /PRNewswire/ -- As the healthcare landscape continues to rapidly evolve, pharmacy and medical directors are increasingly challenged to demonstrate improvement in quality and outcomes to reap the rewards that come with these changes. TTM is attentive to this ever-changing environment and is introducing the second webinar in their Quality Improvement Series in which it will focus on Medicare Part D STARS improvement. "Improvement in STAR ratings are critical to the success of Medicare Advantage Health Plans and we are pleased to provide meaningful and timely education to our clients and prospects in this arena," said Barry Patel, Pharm.D. President and Co-Founder of TTM. Dr. Mitzi Wasik, Pharm.D., Director of Medicare Pharmacy Programs at Coventry Healthcare, will lead this timely discussion. Dr. Wasik has extensive experience on quality initiatives for Medicare Part D STAR ratings. Dr. Wasik will describe the quality-based bonus opportunity in the Medicare Advantage STAR ratings program relative to the triple-weighted pharmacy quality measures, the barriers to overcome while improving STAR ratings: member and provider engagement; and identify the strategies to improve STAR ratings. The webinar will benefit medical, quality and pharmacy directors, as well as other clinical leaders looking to develop better communication … Continue reading →

Toyota recalls 7.43 million vehicles globally Toyota recalls 7.43 million vehicles globally Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch - the latest, massive quality woes for Japan's top automaker.Full Story > Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch - the latest, massive quality woes for Japan's top automaker.Full Story > Toyota recalls 7.43 million vehicles globally Toyota recalls 7.43 million vehicles globally Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch - the latest, massive quality woes for Japan's top automaker.Full Story > Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch - the latest, massive quality woes for Japan's top automaker.Full Story > 'Nuns on the Bus' tour kicks off in Cincinnati 'Nuns on the Bus' tour kicks off in Cincinnati Updated: Wednesday, October 10 2012 7:57 AM EDT2012-10-10 11:57:00 GMT Updated: Wednesday, October 10 2012 7:18 AM EDT2012-10-10 … Continue reading →

By The Canadian Press LONGUEUIL, Que. - The Jean Coutu Group (TSX:PJC-A.TO - News) has reported an increase in revenue but a drop in net profit in its latest quarter compared with a year ago when the pharmacy chain franchisor recorded an unusual gain on the sale of U.S. assets. Quebec-based Jean Coutu said Wednesday that its net profit in the three months ended Sept. 1 was $51.2 million or 23 cents per share. That compared with 66.4 million or 20 cents per share in the comparable year-earlier period. Revenue for its fiscal 2013 second quarter rose to $658.7 million from $635.2 million in the same fiscal 2012 period. "The decrease in net profit is mainly attributable to a gain related to the sale of Rite Aid's shares, for a total proceed of $22 million, net of related costs, during the quarter ended August 27, 2011," the company said in a release. Excluding gains related to the sale of Rite Aid shares and the change in fair value of other financial assets, net profits amounted to $50 million or 23 cent per share for the quarter, compared with $44.6 million or 19 cents per share in the year-earlier period. "The … Continue reading →

ATLANTA (AP) -- The pharmacy that distributed a steroid linked to an outbreak of fungal meningitis has issued a voluntary recall of all of its products, calling the move a precautionary measure. The New England Compounding Center of Framingham, Mass., announced the recall Saturday. The company said in a news release that the move was taken out of an abundance of caution because of the risk of contamination. It says there is no indication that any other products have been contaminated. The Food and Drug Administration had previously told health professionals not to use any products distributed by the center. The Centers for Disease Control and Prevention posted updated figures to its website Sunday showing there are 91 confirmed cases of the rare form of fungal meningitis. The outbreak spans nine states and has killed at least seven people. The states with reported cases are: Florida, Indiana, Maryland, Michigan, Minnesota, North Carolina, Ohio, Tennessee and Virginia. The steroid linked to the outbreak had already been recalled, and health officials have been scrambling to notify anyone who may have received an injection of it. The Massachusetts pharmacy that made it has said it is cooperating with investigators. It is not yet … Continue reading →

ALISO VIEJO, Calif., Oct. 9, 2012 /PRNewswire/ --Today, PrescribeWellness announced its partnership with Midwest retailer Meijer for its "A Million More" Flu Shot Initiative to help create healthier communities. The initiative was launched in August and strives to increase the influenza vaccination rate by one million more Americans. PrescribeWellness developed this campaign to target young, healthy Americans, who don't feel at risk for serious illness. The program empowers individuals to get a flu shot for their family, community and to help protect those at risk. "More than 70 percent of health care costs are controllable with personal actions," said Al Babbington, CEO of PrescribeWellness. "The health care debate is surging right now, so this is the time to raise awareness about the importance of preventative health care and how something as simple as getting a flu shot can help lower the cost of care." PrescribeWellness developed the most efficient and effective tools for influencing patient behavior by educating and motivating them toward vital health care habits. The "A Million More" Flu Shot Initiative allows pharmacists to connect with patients via outbound calling and social media. "A Million More" campaign will run at all 199 Meijer Pharmacy locations in Michigan, Ohio, … Continue reading →

MOUNTAIN Gate Shopping Centre's Luks Pharmacy has been robbed for a second time by a knife-wielding bandit. The balaclava-clad thief pointed a kitchen knife at the pharmacist and demanded cash about 8.50pm on Sunday, September 30. Knox police CIU detective Sen-Sgt Neil White said the offender was last seen running south, dashing in front of cars on Mountain Gate Drive. The armed robbery comes weeks after a similar incident at the pharmacy where a person wearing a dark hooded top and balaclava threatened staff with a knife and escaped with cash. Sen-Sgt White said detectives were looking into whether the crimes were connected and wanted to hear from anyone with information on the robberies. Luks Pharmacy is the latest chemist to be targeted by criminals in Knox following a number of recent incidents. Wantirna Mall's Community Pharmacy Wantirna was broken into and pharmaceuticals taken about 1.30am on September 15 in what police believe was a spate of pseudoephedrine-based burglaries across Melbourne that night. Another break-in was reported at Knox Pharmore Pharmacy, in Wantirna South, where boxes of pseudoephedrine tablets were stolen at about 4am on June 11. Any information to Crime Stoppers on 1800 333 000. Read this article: Armed … Continue reading →

ATLANTA The pharmacy that distributed a steroid linked to an outbreak of fungal meningitis has issued a voluntary recall of all of its products, calling the move a precaution. The New England Compounding Center announced the recall Saturday. The company said the move was taken out of an abundance of caution because of the risk of contamination. It says there is no indication that any other products have been contaminated. The Food and Drug Administration had previously told health professionals not to use any products distributed by the center. The Centers for Disease Control and Prevention posted updated figures to its website Sunday showing there are 91 confirmed cases of the rare form of fungal meningitis. The outbreak spans nine states and has killed at least seven people. The states with reported cases are: Florida, Indiana, Maryland, Michigan, Minnesota, North Carolina, Ohio, Tennessee and Virginia. The steroid linked to the outbreak had already been recalled, and health officials have been scrambling to notify anyone who may have received an injection of it. The Massachusetts pharmacy that made it has said it is cooperating with investigators. It is not known exactly how many people might have been affected, though it could … Continue reading →

ORLANDO, Fla.--(BUSINESS WIRE)-- Michael Perry, President, BeneCard PBF, is pleased to announce that Bill Wolfe has joined the Prescription Benefit Facilitator (PBF) as the Senior Executive Vice President of Pharmacy Services. With offices in both Orlando, FL and Mechanicsburg, PA, Mr. Wolfe will directly oversee the Clinical, Compliance, Sales and Business Informatics Groups. Kenneth D. Ullman, Chairman of the Board, BeneCard PBF, noted that Bill has over 25 years of managed care and pharmacy benefit experience and is a recognized and highly regarded leader in the prescription benefits industry. He will help guide BeneCard PBF in moving forward as a change agent in the dynamic landscape of healthcare and we are excited to have Bill join our team. Mr. Wolfe remarked that the proprietary technology platforms the BeneCard PBF team has built under Kenny and Michaels direction is a clear differentiator that compliments the companies vision to transparently align with its clients while containing pharmacy and healthcare costs through improved patient outcomes. Wolfe added, The company is incredibly well positioned to be positively disruptive in the space through a technology based facilitation model that provides the framework to filter information, focus on clinical opportunities and facilitate interaction between physicians, pharmacists … Continue reading →