Blog

»  Posts By   May 2014 

Upward Market Trends Foreshadow Shift in PBM Practices

On May 2, 2014, CVS Caremark Corp. (“Caremark”) announced that its first-quarter profit jumped 18%, which it attributed to its business growth in specialty pharmacy business. Revenue grew 6.3% to $32.69 billion, significantly exceeding estimates of outside analysts. The increase in the profitability of its pharmacy services business comes at a time when Caremark has increased its credentialing requirements for participating pharmacies, making it more difficult for independent pharmacies to...

Michigan Imposing Tighter Regulatory Controls on Compounding Pharmacies

On April 24, 2014, the Michigan Senate Health Policy Committee held its first hearing on Senate Bills 704 and 904, a pair of proposed legislation which will impose additional regulatory controls on compounding pharmacies. The bills, which were introduced and sponsored by State Senator Joe Hune (R-22 Dist.), impose additional compliance requirements on compounding pharmacies and elevate criminal penalties for particular violations. Bill 704 imposes several new administrative requirements, including...