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Pharmacy News is an online news source providing up-to-date information on the latest developments in the pharmacy and drugstore industry. We provide news, articles and videos on topics such as new drugs, health and safety, drug pricing, pharmacy trends, and more. Our goal is to help pharmacists, pharmacists-in-training, and the public stay informed about the latest developments in the industry. We strive to provide reliable, accurate, and timely information so that readers can make informed decisions about their healthcare.
It’s easy to get caught up in the excitement surrounding innovations in the medical field, Amazon Pharmacy Chief Medical Officer Dr. Vin Gupta noted. But when talking about these innovations, healthcare leaders often fail to address questions about whether they will be covered by insurance and whether all patients will be able to benefit from them, he pointed out.
CVS Pharmacy is revamping how it prices prescription drugs, doing away with a complex and opaque formula system to a much simpler model that could have major implications for how pharmacies get reimbursed. In an announcement Tuesday, the company said its more than 9,000 pharmacies will be reimbursed by contracted pharmacy benefit managers (PBMs) and…