Walgreen, Express Scripts back togeth...

Walgreen, Express Scripts back together (6 min ago)

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Since: Mar 12

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#1 Jul 19, 2012

Since: Mar 11

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#2 Jul 19, 2012
Clearly I have been hating this place for a couple years and the original esi dispute was on the surface just plain dumb.
Makes you wonder though, after all the restructuring, pay cuts, etc... was this actually planned out?
I can see our lovely ceo slicing a deal with them saying lets end this now, but come back in a few months i need to fire a ton of people and screw the rest of the employees over and have something to blame.
my dream of this place closing is now gone, wonderful, off to the cubicle from hell for the day

Since: Dec 11

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#3 Jul 19, 2012
Good news ^_^
retailer

Brooklyn, NY

#4 Jul 19, 2012
Yea its offical sept 15. What a waste and a killer. Almost a year of lost business..and.will we ever recover
VforVictory

Ballwin, MO

#6 Jul 19, 2012
Pretty sure we won't get back any tech hours to handle the influx if scripts.
More with less that's our new motto right??
tech-no

Lexington, KY

#7 Jul 19, 2012
Yup, they probably won't increase rx budgets until we have those numbers back up. And right when flu shot season is gearing up again. Awesome. Oh, how I <3 WAG.
not me

Laurens, SC

#8 Jul 19, 2012
Good. I have several customers who still shop with us and they have Express. They ask everytime they come in when they can come back. I agree though, seems like they had this in the plans all along.

Either way, my stocks are up again and just maybe a little more job security.

Since: Nov 11

San Jose, CA

#9 Jul 19, 2012
Hmmm yet they are still carrying out field labor scheduling and cutting MGTs...and its suspicious that ESI is back on Sept 15th as opposed to Jan 1st.

It was an elaborate setup!
EVH

Oviedo, FL

#10 Jul 19, 2012
Also September will be a nice comparison to last Sept sales. That was when we started loosing Rx's. Also the Loyalty program is starting that month.
MGTonsauce

Clearlake, CA

#11 Jul 19, 2012
September 15 is there for a reason. It is the date end of fiscal year is finalized.

Since: Feb 12

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#12 Jul 19, 2012
MGTonsauce wrote:
September 15 is there for a reason. It is the date end of fiscal year is finalized.
This is correct.

You guys with your conspiracy theories are vastly overestimating how much the guys at the top care about you. If they want to bend everyone over they'll do it. They don't need to manufacture turmoil with a health provider to do that.
PHX RXM

Phoenix, AZ

#13 Jul 19, 2012
Wow you guys are a whiny bunch aren't you? We just received the best possible news after months of misery and you're all still complaining? My pharmacy was down close to 50%, I'm ready pop a bottle of champagne!

Since: Mar 12

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#14 Jul 19, 2012
PHX RXM wrote:
Wow you guys are a whiny bunch aren't you? We just received the best possible news after months of misery and you're all still complaining? My pharmacy was down close to 50%, I'm ready pop a bottle of champagne!
I wouldn't pop that bottle so soon unless you get hours back and compensation isn't cut. They still may try to make money off of our backs by continuing the sceduling of pharmacy hours the way they have....do not be suprised how they play this. Speaking of whining....DO NOT call an IC3 then when you are in trouble.
PHX RXM

Phoenix, AZ

#15 Jul 19, 2012
RickyFlair wrote:
<quoted text>
I wouldn't pop that bottle so soon unless you get hours back and compensation isn't cut. They still may try to make money off of our backs by continuing the sceduling of pharmacy hours the way they have....do not be suprised how they play this. Speaking of whining....DO NOT call an IC3 then when you are in trouble.
We're getting the hours back. It might not be immediately and might not be back up to where it was before but they will be back. And I don't call IC3 very often but you need to realize why most of the people are in the store, the pharmacy. You have a job because the pharmacy is bringing in the customers, so I wouldn't bitch too much about having to come back and help out in the pharmacy a few minutes here and there. What are you doing on the floor that's so important that you can't help in the pharmacy?
yadawag

Miami, FL

#16 Jul 19, 2012
EVH wrote:
<quoted text>
I said it was planned out a couple of months ago. Of course Wasson put shareholders ahead of employees and customers in his statement.
you nailed it!
Nick

Pinckney, MI

#17 Jul 19, 2012
http://www.nasdaq.com/article/3rd-update-walg... ;

CVS expects to retain 50% of the business gained. JP Morgan thinks Wag was left out of the new ESI network agreement. I wonder what the terms are? Good article to read
Mabel

Las Vegas, NV

#18 Jul 19, 2012
While this is possibly good news, I wouldn't celebrate yet until the impact can be tracked. Will the customers we lost come back? Have we broken their dedication and trust? Are they comfortable with their new pharmacy? Will we have enough staff back to cover any possible increase in traffic? There are too many variables to consider before we jump for joy.

Also, this could've all been avoided if the proper decisions were made a year ago without any disruption in pharmacy service and loss of patients and jobs. Certainly shows everyone the lack of effective business skills of our leaders.

Since: Mar 12

Location hidden

#19 Jul 19, 2012
PHX RXM wrote:
<quoted text>
We're getting the hours back. It might not be immediately and might not be back up to where it was before but they will be back. And I don't call IC3 very often but you need to realize why most of the people are in the store, the pharmacy. You have a job because the pharmacy is bringing in the customers, so I wouldn't bitch too much about having to come back and help out in the pharmacy a few minutes here and there. What are you doing on the floor that's so important that you can't help in the pharmacy?
For one, i am not on the floor, secondly you will get hours back because of flu season, and third people are in too scam register rewards.......do not assume every store makes money off of pharmacy. Take a look at all the charge backs pharmacy has and it is wonder how any of your salaries get paid.

Since: Mar 12

Location hidden

#20 Jul 19, 2012
Walgreen, Express Scripts sign new agreement

Some text from http://www.google.com/hostednews/ap/article/A... :

...Analysts said Walgreen probably made the biggest concessions in the deal because the split hurt its business more than it hurt Express Scripts.

"After speaking with Express Scripts, we don't believe that Express Scripts budged in negotiations as it has seen limited disruption since ending its relationship with Walgreen," said Citi Investment Research analyst Deborah Weinswing. She said the deal is likely to hurt Walgreen's profit margins. She added that it's not clear how many customers Walgreen will regain.

CVS Caremark said it expects to keep at least half the business it gained from Walgreen starting in late 2011 when the defections from Walgreen started ahead of its split with Express Scripts.

+++

Walgreen, Express Scripts Sign Network Agreement

Some text from http://online.wsj.com/article/SB1000087239639... :

...Walgreen had felt the pressure from the dispute more directly than Express Scripts, which is now the largest PBM by number of prescriptions filled. The drugstore saw sales decline and customers leave, and it faced the prospects of more such losses after Express Scripts acquired another PBM, Medco Health Solutions.

In addition, the dispute has generated interest by employers and health plans into deals that include fewer pharmacy options in return for cost savings, raising another threat to Walgreen as Express Scripts shopped this option to Medco clients....

+++

Walgreen, Express Scripts back together

Some text from http://www.chicagotribune.com/business/breaki... :

...Although Walgreen retained its relationship with Medco, it was unclear what would happen when a contract between the two expired at the end of the year. Wall Street analysts have speculated that it was an all-or-nothing proposition: Either Walgreen comes to terms with the Express Scripts and Medco or it has no deal at all.

Walgreen declined to say whether the deal announced Thursday included terms for the Medco book of business.

"All I can tell you is that Medco retail networks that included Walgreens will continue to do so," said Michael Polzin, a company spokesman....

Since: Mar 12

Location hidden

#21 Jul 19, 2012
Express Scripts, Walgreen settle pharmacy spat

Some text from http://www.reuters.com/article/2012/07/19/us-...

...While the new multi-year agreement brings Walgreen and Express Scripts back together, it is not clear how many of Express Scripts' clients will sign up for the broad network that will include Walgreen. Also, it is unclear what Walgreen will do to entice patients who have filled prescriptions elsewhere since the beginning of 2012 to return to its 7,907 U.S. stores.

There was also the possibility that talks about Walgreen's contract with Medco, which is now owned by Express Scripts, would have added more pressure on Walgreen, analysts said. "The deal also alleviates renewal fears concerning WAG's upcoming contract with Medco ... that expires Dec 31," S&P Capital IQ analyst Herman Saftlas said.

Now it is up to Express Scripts clients, such as employers, to decide whether to include Walgreen in their networks going forward. Express Scripts does not disclose how many of its clients are in each type of network it offers.

"We believe a number of plan sponsors have already signed narrow network agreements that exclude Walgreens, which will remain in place," JP Morgan analyst Lisa Gill said in a research note….

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