Kate Leinbaugh

What do you mean by reimbursement pressure?

What do you mean by reimbursement pressure?

Pharmacy chains like Walgreens strike deals with pharmacy benefit managers, or PBMs. PBMs are businesses that set which medicines patients can get. And they are the ones that negotiate with pharmacies on reimbursement rates. In 2011, Walgreens tried to play hardball with one PBM. It wanted better terms from Express Scripts. But its tough tactics didn't work out.

Pharmacy chains like Walgreens strike deals with pharmacy benefit managers, or PBMs. PBMs are businesses that set which medicines patients can get. And they are the ones that negotiate with pharmacies on reimbursement rates. In 2011, Walgreens tried to play hardball with one PBM. It wanted better terms from Express Scripts. But its tough tactics didn't work out.

Pharmacy chains like Walgreens strike deals with pharmacy benefit managers, or PBMs. PBMs are businesses that set which medicines patients can get. And they are the ones that negotiate with pharmacies on reimbursement rates. In 2011, Walgreens tried to play hardball with one PBM. It wanted better terms from Express Scripts. But its tough tactics didn't work out.

Being kicked out of Express Scripps' network meant that Walgreens lost access to millions of customers. And it added more financial pressure on the company. The next year, in 2012, Walgreens came up with a new solution. It hitched its wagon to a European pharmacy chain, Alliance Boots.

Being kicked out of Express Scripps' network meant that Walgreens lost access to millions of customers. And it added more financial pressure on the company. The next year, in 2012, Walgreens came up with a new solution. It hitched its wagon to a European pharmacy chain, Alliance Boots.

Being kicked out of Express Scripps' network meant that Walgreens lost access to millions of customers. And it added more financial pressure on the company. The next year, in 2012, Walgreens came up with a new solution. It hitched its wagon to a European pharmacy chain, Alliance Boots.

— The American retailer Walgreens has signed a deal to take a 45% stake in Alliance Boots, the parent company of the high street chain Boots. — As part of this deal, which was completed in 2014, Walgreens got a new director and shareholder, an Italian businessman named Stefano Pessina.

— The American retailer Walgreens has signed a deal to take a 45% stake in Alliance Boots, the parent company of the high street chain Boots. — As part of this deal, which was completed in 2014, Walgreens got a new director and shareholder, an Italian businessman named Stefano Pessina.

— The American retailer Walgreens has signed a deal to take a 45% stake in Alliance Boots, the parent company of the high street chain Boots. — As part of this deal, which was completed in 2014, Walgreens got a new director and shareholder, an Italian businessman named Stefano Pessina.

Pessina eventually became CEO, and he came up with a new plan for the company. One main focus was on its retail business.

Pessina eventually became CEO, and he came up with a new plan for the company. One main focus was on its retail business.

Pessina eventually became CEO, and he came up with a new plan for the company. One main focus was on its retail business.

Beyond retail, Pacina also had a prescription to help the pharmacy side of the business, to buy up urgent care and primary care clinics.

Beyond retail, Pacina also had a prescription to help the pharmacy side of the business, to buy up urgent care and primary care clinics.

Beyond retail, Pacina also had a prescription to help the pharmacy side of the business, to buy up urgent care and primary care clinics.

In a 2019 interview with The Wall Street Journal, Pessina said he was building a company that could last centuries. So Pessina has this strategy for how he can turn around Walgreens. How does it work out?

In a 2019 interview with The Wall Street Journal, Pessina said he was building a company that could last centuries. So Pessina has this strategy for how he can turn around Walgreens. How does it work out?

In a 2019 interview with The Wall Street Journal, Pessina said he was building a company that could last centuries. So Pessina has this strategy for how he can turn around Walgreens. How does it work out?