if express scripts-medco merge, walgr...

if express scripts-medco merge, walgreens back in deal with esi

Posted in the Walgreens Forum

wow

Slidell, LA

#1 Apr 1, 2012
El Rio

United States

#2 Apr 1, 2012
Yeah, this article came out yesterday. If Walgreens signs a deal with ESI after the ESI's merger with Medco, Wasson will truely have egg on his face. Not only will WAG have to find a way to get back the RX employees that it lost they will have to find a way to gain back the trust and confidence of the customers that went to other pharmacies. This turn around may come at less than a 1/2 a year and will probably be known as 'Wasson's Folly".

Since: Mar 12

Location hidden

#3 Apr 1, 2012
El Rio wrote:
Yeah, this article came out yesterday. If Walgreens signs a deal with ESI after the ESI's merger with Medco, Wasson will truely have egg on his face. Not only will WAG have to find a way to get back the RX employees that it lost they will have to find a way to gain back the trust and confidence of the customers that went to other pharmacies. This turn around may come at less than a 1/2 a year and will probably be known as 'Wasson's Folly".
Lol. They won't bring people back. It's called more with less. Get use to it.
EVH

United States

#4 Apr 1, 2012
They had this planned out. Use the loss of ESI to trim down the hours, bonuses and such and then sign a contract. You will see they will use the Power workflow in non Power states.
Altec Lansing

United States

#5 Apr 1, 2012
"They had this planned out". LOL - some of you people give the higher ups and Wasson too much credit for intelligence.

Since: Feb 12

Location hidden

#6 Apr 2, 2012
The best way to get Wasson out of power is to keep the stock price down. He seems to be doing a pretty good job of that on his own.
I'm biding my time...hopefully i'll still be around when he gets booted.

So which happens first?
Wasson gets ousted or all MGT's get eliminated? LOL
itsjustme

Gray Court, SC

#7 Apr 3, 2012
We have a LOT of customers wanting to come back. I really hope this pans out for them and for us. I don't know why so many people are so negative about this. If ANY deal is made, it will only benefit us as employees and hopefully secure our jobs for a little longer. I am going up for the ASM or ASM-T position and would like to know we have something positive in the future.
Stop Being Negative Nancy

Saint Louis, MO

#8 Apr 7, 2012
I don't think WAG had it all planned out but I do believe in the fact they will resume talks with ESI. I feel all the negative talks on these websites is probably from people who fear losing their jobs. Get this, productive people at WAG who do their job very well are VERY safe, it is the underperformers who should start worrying. AND RIGTFULLY SO. All over the country at WAG there are hundreds if not thousands of employees that would be released from smaller family owned companies for their lack of performance. WAG was growing at an amazing rate, they were wrong by thinking growth would never end, and they made the mistake of lowering standards by increasing payroll hrs so more could do less. NOW, they are waking up and headed in a much more profitable direction by raising their standards and asking more from less. If it were your company, higher standards would not sound so horrible...
Drugdlr4u former WAG

Baton Rouge, LA

#10 Apr 11, 2012
I hope this company gets what it deserves!!! There is NO company loyalty to their employees in hard times!! Yes, in the "boom" years, they lavished "us" with stock options and overtime.
After 16 years with the company..... I was laid off. Sorry, good luck......
Thankfully, I saw the writing on the wall.... I sold all of my WAG stock options and even sold my stocks!!! Good thing, now I have 4 or 5 months to relax and watch the WAG train wreck happen!!
Drugdlr4u former WAG

Baton Rouge, LA

#11 Apr 11, 2012
@SBN "Nancy",

I've always worked 24 hour stores. I was the only compounding pharmacist for WAG in my city, immunizing, Zostivax, Pneumovax, TdaP, health screening (aka: A1C, cholesterol panels, and of course blood pressure and blood glucose) testing. I was asked to apply for the regional compounding trainer as well as regional REP for mergers and acquisitions....

That was before the hire/freeze and ESI fiasco!!!

Then a new district manager was assigned to our city...... No offense to anyone, but..... She has only hired black women to every opening!!

From loss prevention to every new hire and "pharmacy managers"...... Apparently a white boy was not her favorite....

16 years, 3 gold stars, 2 red and 2 silver.... that was when the company cared!

Walgreens was my family, I was forced to leave my family. I'm just glad I saw the additude from the new Rx manager!!!!! Equal opportunity...... WOW

OH, don't even think of sympathy.... I'll be in Paris for 3 weeks in 2 weeks!!! And CVS has hired me at $5.00/hour more and they have an 18%/salary bonus..... in 15 years.... my largest "bonus" was $2900/before taxes..

I got a gift, thanks "Dumbmiles" for opening up a whole new world and opportunity for me!!

HEHEHEHE

Good Luck WAG employees

Since: Mar 12

Location hidden

#12 Apr 11, 2012
Stop Being Negative Nancy wrote:
I feel all the negative talks on these websites is probably from people who fear losing their jobs. Get this, productive people at WAG who do their job very well are VERY safe, it is the underperformers who should start worrying. AND RIGTFULLY SO.
Frankly it is a bunch of BS!! Looks like you are drinking the cool-aid served by management.

If performance is the criteria, first ones to go should be Wasson and Miquelon for causing this train wreck. These arrogant guys were asleep at the wheel (Miquelon may be drunk and passed out, who knows, considering his DUI history). Instead, they have been rewarded with double digit pay increases and unfortunately WAG has a useless BOD. At least companies like HP has a better board that at least knows when to fire the CEOs. Remember how the last HP CEO was asked to leave after a SINGLE disastrous decision (and the air-head Carly Fiorina was ejected before that). Now that is what I call rewarding based on performance.

WAG executives thought employers/health plans will leave ESI in droves because WAG is not in network. Reality is that employers/plans/employees care about the cheapest prices for the same service, a slightly longer wait is something that the customers will be okay with. If WAG had the foresignt, they should have bought a PBM (like ESRX or Medco) as CVS did to withstand the competition when WAG stock price was at record high. Now they are left with choices like RAD that no one wants.

Let us admit this - WAG doesn't invent medicine, all they do is dispense medicine and it is not rocket science. So don't expect to make the profit margins of a drug company. Lower the expectations and look for the margins more like a grocery/department store.

Healthcare costs in US are unsustainable and it will need to be lowered. For the most part, WAG dispenses routine medications and they will bear the brunt. So there will be pressure on every one and payers are going to squeeze more from the providers, as they control the purse. If WAG is not willing to play ball, WAG will be losing. Now it is evident that there are too many retail pharmacies and the competition is more than willing to take the "unprofitable" ESRX scripts. Expect other payers to bargain even harder with WAG.

At this point, I am starting to wonder if WAG is really offering any savings compared to an independent pharmacy which doesn't have all the corporate overhead with a better focus on customer service. Future of WAG may be a franchising model, who knows?
EXA

Jonesboro, GA

#13 Apr 30, 2012
Dont know what cvs hired you but everyone i know that work for cvs or should i say greedvs hates it. They payroll sucks...An EXA at walgreens makes more then a cvs store manager. That second class drug store....Walgreens is more loyal then a lot of companies thru this bad economy..maybe if you guys stop looking for hand me downs and work hard maybe you will get promoted slackers

Since: Apr 12

Location hidden

#14 Apr 30, 2012
angelo98 wrote:
<quoted text>
Frankly it is a bunch of BS!! Looks like you are drinking the cool-aid served by management.
...
WAG executives thought employers/health plans will leave ESI in droves because WAG is not in network. Reality is that employers/plans/employees care about the cheapest prices for the same service, a slightly longer wait is something that the customers will be okay with. If WAG had the foresignt, they should have bought a PBM (like ESRX or Medco) as CVS did to withstand the competition when WAG stock price was at record high. Now they are left with choices like RAD that no one wants.
...
So there will be pressure on every one and payers are going to squeeze more from the providers, as they control the purse. If WAG is not willing to play ball, WAG will be losing. Now it is evident that there are too many retail pharmacies and the competition is more than willing to take the "unprofitable" ESRX scripts. Expect other payers to bargain even harder with WAG.
At this point, I am starting to wonder if WAG is really offering any savings compared to an independent pharmacy which doesn't have all the corporate overhead with a better focus on customer service. Future of WAG may be a franchising model, who knows?
Cut and pasted from posting number 2 on the Discussion Thread "Walgreens CFO, Wade Miquelon, presents to Retail and Restaurants Conference" directly from Wade -

Minute 37:45 -
“For NO savings, would you really want to sign up with a PBM that can’t offer the number one pharmacy in the country? The number 2 pharmacy they are anchored on is their biggest competitor and that one can offer Walgreens and that one actually does have pharmacies.”
Bill

United States

#15 May 8, 2012
Stop Being Negative Nancy wrote:
I don't think WAG had it all planned out but I do believe in the fact they will resume talks with ESI. I feel all the negative talks on these websites is probably from people who fear losing their jobs. Get this, productive people at WAG who do their job very well are VERY safe, it is the underperformers who should start worrying. AND RIGTFULLY SO. All over the country at WAG there are hundreds if not thousands of employees that would be released from smaller family owned companies for their lack of performance. WAG was growing at an amazing rate, they were wrong by thinking growth would never end, and they made the mistake of lowering standards by increasing payroll hrs so more could do less. NOW, they are waking up and headed in a much more profitable direction by raising their standards and asking more from less. If it were your company, higher standards would not sound so horrible...
No they aren't I was booted for reduction in workforce the Pharmacy Supervisor praised me on a job well done as did the store manager. But it was up to the rxm who got to stay, favoritism it was I wasn't his favorite so I got the boot. When I sold over 100 psc in January and she sold 5, that is saying something somebody wasnt looking at the business perspective. Yes, we both had the same hire date been there since the store opened 8 years ago.

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