...Introduction Walgreen Co. and CVS/Caremark are two of the largest retail drugstore chains in the United States, offering consumers a variety of basic consumer goods including household products, convenience foods, personal care, beauty care, photofinishing, and seasonal items, as well as over-the-counter and prescription medication. In addition to their well-known retail pharmacies, both companies also operate a health services health and wellness division. Within the retail pharmacy industry CVS/Caremark and Walgreens continually battle for the retail position. This document will offer an overview and basic competitive analysis of the two companies. Background Location & Type of presence (brick and mortar, or internet) According to the CVS/Caremark 2011Annaul Report, page 23; as of December 31, 2011, the CVS/Caremark Retail Pharmacy segment operated 7,327 retail drugstores with 7,271of these retail stores operating a full service pharmacy. Their stores are located in 41 states and the District of Columbia and Puerto Rico. Additionally, within these retail stores operate 657 health care clinics conducting business under the Minute Clinic name. The retail pharmacy stores operate primarily under the CVS/pharmacy or Longs Drugs names. In addition, the Pharmacy Services segment operates under the names CVS Caremark Pharmacy Services, Caremark, CVS Caremark, Care Plus CVS/pharmacy, Care Plus, and Rx America to providing pharmacy benefit management services to employers, insurance...
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...– 002 February 25, 2014 Essay 2 CVS Caremark Steven Graham 1834-5319 Background and Introduction of CVS Caremark Decision On February 5th CVS Caremark announced that they would cease the sale of cigarettes and other tobacco products in its stores. This measure is scheduled to begin by October 1, 2014. Once this action is taken, CVS Caremark will be the first national pharmacy chain to drop the sale of tobacco products. The President and CEO of CVS Caremark, Larry Merlo, stated the following, "Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health." Tobacco sales represent $2 billion in annual revenue for CVS Caremark. This is causing many to question if this is a good move for CVS Caremark. Analyzing this Decision with Respect to Key Stakeholders It seems crucial to analyze the aforementioned decision with respect to three key stakeholders. The stakeholders that will be analyzed are CVS Caremark employees, shareholders, and customers. This is not an exhaustive list of stakeholders, but it represents fundamental primary stakeholders. Employees of CVS Caremark have a significant stake in the company’s decision to drop the sale of tobacco products. Some employees may fear the significant profit loss that this decision represents. This fear would likely be compounded by the lack of details that CVS Caremark has provided on how they will...
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...CVS Health is the United States’ largest pharmacy health care provider. Their mission is to reinvent pharmacy to having a more active, supportive role in each person’s unique health experience and in the greater health care environment—from advising on prescriptions to helping manage chronic and specialty conditions to providing quality walk-in medical care and pharmacy benefits management. CVS Health opened its first store in 1963 and was known as Consumer Value Stores. They then sold health and beauty products. The company was founded in Lowell, Mass. by brothers Stanley and Sidney Goldstein, and partner Ralph Hoagland. Throughout the 60s they grew to 17 stores and opened their first store with a pharmacy department. During the 1970s, they grew to over 200 stores, acquiring stores from Clinton Drug & Discount and Mack Drugstores; they also hit $100 million in annual sales in 1974. In the 1980s they broke ground on the store support center in Woonsocket, RI, which still in 2015 is where their company headquarters belongs. By the end of the 1980s they had nearly 750 stores and had reached $1.6 billion in sales. In the 90s they had acquired more than 3200 stores from Arbor Drugstores, People’s Drug, and “the largest acquisition in the history of the U.S. retail pharmacy industry” from Pevco. They now claimed stores in the Midwest along with the east coast and were breaking ground in the south. In this time frame they also launched the program known as Pharmacare, a...
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...University November 16, 2014 CVS/PHARMACY SWOT ANALYSIS In 1963 the Consumer Value Store (CVS) was built for your health and beauty needs, in Lowell, Massachusetts by brothers Stanley and Sidney Goldstein and partner Ralph Hoagland. Through the next few years CVS started to grow and in 1967 pharmacies were being added to CVS’s in Warwick and Cumberland, Rhode Island (RI). After buying several small chain drug stores in the early 1970’s around the surrounding areas/states, CVS created small chain stores in shopping malls. In 1981, CVS broke ground on the Store Support Center in Woonsocket, RI. In 1988 CVS celebrated their 25th anniversary with a total of 750 stores. The 1990’s brought more stores in the new mid Atlantic, and Caremark set up in California. By the late 1990’s, CVS had stretched to 24 states totaling 4, 100 stores. 2001 was the year that CVS launched their ExtraCare Card Program, being the first national pharmacy retailer to launch a loyalty program. In 2005, CVS partnered up with MinuteClinic, and opened up three in their CVS/Pharmacy stores. The next year in 2006, MinuteClinic became the first retail clinic to be accredited by the Joint Commission. In 2008, CVS officially branched to California and Hawaii, by buying Long’s drugstores. In 2014, CVS announced they were deciding to stop the sale of tobacco, which was announced officially on September 3, 2014. With the end of tobacco sales, CVS’s mission statement makes more sense. CVS states they are a pharmacy innovation...
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...I. Introduction and Overview CVS Pharmacy is considered one of the top pharmacy nationwide chains in the country. There are more than 7,100 stores total, located in nearly every state. The stores retail medication, toiletries and sundry merchandise that is purchased by consumers such as snacks, beverages, skin care and personal care items, holiday merchandise and convenience goods. There is also an online site where products can be ordered and shipped directly to consumers. Some of the CVS pharmacies have medical services that operate out of the retail stores. A. Identify the Organization CVS recognizes the importance of establishing a culture that will have an affect on its people and their performance. The organizational development functional management at CVS realized that sharing a common vision would assist each individual in understanding what the company stands for, commit to the same vision, and then work toward supporting the mission each and every day. The vision at CVS is simple “to strive to improve the quality of human life” (CVScaremark.com, 2010). Taking a look at two of the organization’s functional goals in the Technology and Human Resource business areas, it is easy to see how CVS is an industry leader. The organizational structure or team at CVS involved in working on this issue from the HR area include the Senior Vice President of HR, Training Specialist, nd local HR managers. From organizational operations there is the technology manager, and procurement...
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...Walgreens: Strategic Evolution 1 America’s largest drugstore chain, Walgreens, had 8,210 locations by 2011, including 7,761 drugstores. Almost 75 percent of Americans lived within five miles of a Walgreens pharmacy, and more than 6 million customers were served each day. Walgreens issued more than 800 million prescriptions annually, representing 20 percent of the U.S. market. Its online business, Walgreens.com, had almost 17 million visitors per month. Walgreens’ strategy had evolved for more than a century in business. By 2012, the company faced a number of major strategic questions, including international expansion and a changing health care environment. History of Pharmacy2 People have been trying to create remedies for illnesses and ailments since the beginning of time, but most historians credit Babylon with the first organized apothecary. This was followed by the Romans, who created a system of pathology and therapy that became standards for Western medicine for more than 1,000 years. For the most part, though, pharmacy remained a sketchy and shadowy business for centuries, practiced by (among others) witch doctors and alchemists. Advances in medicine and the Renaissance era led to more structured and scientific approaches. In 1240, German Emperor Frederick II issued a proclamation establishing the practice of pharmacy along three tenets: (1) separation of the pharmaceutical profession from the medical profession; (2) official supervision (regulation) of pharmacy; and...
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...REV: OCTOBER 20, 2006 Pharmacy Service Improvement at CVS (A) Flum looked at Betses. “You told us it was bad, but this bad?” “I told you there were service issues in our pharmacies. But I have to admit, even I didn’t know the whole story.” “So what do we do about it?” “Well, we can’t have 67 solutions for the 67 problems we identified,” Roberts said. “Definitely not,” Grossi agreed. “But do you have an idea what we should do? If you erased that whiteboard and grabbed a pen, could you draw the ‘right’ flow chart for pharmacy operations?” “Actually, I think I could come pretty close. And I think my flow chart would look a lot like both of yours. I’m just not sure which parts of it would be easy to implement and which would be tricky. Mitch, you know these places better than anyone—what kinds of changes would make them really unhappy?” “Anything affecting safety. Everyone—not just the pharmacists—is a fanatic about making sure we fill prescriptions accurately and watch out for the health of our customers. So for example if we said, ‘In the interests of efficiency we want to have the system spit out fewer alerts about drug-drug interactions,’ we would get killed. The pharmacists would march us right out the front door of their stores and tell us never to come back. And I wouldn’t blame them.” Do “Got it. What else?” ________________________________________________________________________________________________________________ Professor Andrew F. McAfee prepared...
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...Leah Dolce ECO 103 Mortgage Project While doing this project, I kept finding myself to be very indecisive as to what I wanted in a home and what things would be important to me if I were to purchase one. This project helped me understand the basics of buying a home such as: where I would want my kids to go to school, how many bedrooms, how many bathrooms, property, neighborhood reputation, and much more. I had very little knowledge about most of the surrounding area so now I know what kind of research I would have to do to make sure I know exatcly what I want when purchasing a home. I did know I wanted it to be at least 3 bedrooms, 2 bathrooms, and have an updated kitchen. I was able to find those things in the home I selected but what I didn't realize was what the cost would be. There is a huge financial difference between a 15 year fix and a 30 year fix mortgage. For the home I selected it was a $522.76 difference in the monthly payment and a $91,271.79 difference in the amount of interest I would be paying for the life of the loan. If I was abel to afford such a hefty, monthly payment I would choose the 15 year mortgage because in the long run it would be cheaper. The lesson learned here, though, is find a more affordable house and make updates as you go along. All -in-all I had fun doing this project and it helped me understand the process into buying a home and gave me great internet resources to do...
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...SYNOPSIS TITLE OF THE PROJECT HOSTEL MANAGEMENT SYSTEM PROBLEM STATEMENT This project needs to create the Hostel Management System (HMS) to organize the rooms, mess, student’s record and the other information about the students. All hostels without HMS are managed manually by the hostel office. And hence there is a lot of strain on the person who are running the hostel. This particular project deals with the problems on managing a hostel and avoids the problem which occur when carried manually. INTRODUCTION In hostels without a HMS all the things have to be done manually. The Registration form verification to the different data processing are done manually. Thus there are a lot of repetitions which can be easily avoided. Identification of the drawbacks of the existing system leads to the designing of computerized system that will be compatible to the existing system with the system which is more user friendly and more GUI oriented. We can improve the efficiency of the system, thus overcome the drawbacks of the existing system. Hostel management gives on idea about how the students details, room allocation, mess expenditure are maintained in the particular concern. The hostel management system also includes some special features like How many students can live in a room, and the students of the hostel can be recognized from their ID number. The administration has the unique identity for each members as well as students details. The stock management...
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...nonstop work. Startups are a counterexample to the rule that haste makes waste. (Too much money seems to be as bad for startups as too much time, so we don't give them much money either.) A week before Demo Day, we have a dress rehearsal called Rehearsal Day. At other Y Combinator events we allow outside guests, but not at Rehearsal Day. No one except the other founders gets to see the rehearsals. The presentations on Rehearsal Day are often pretty rough. But this is to be expected. We try to pick founders who are good at building things, not ones who are slick presenters. Some of the founders are just out of college, or even still in it, and have never spoken to a group of people they didn't already know. So we concentrate on the basics. On Demo Day each startup will only get ten minutes, so we encourage them to focus on just two goals: (a) explain what you're doing, and (b) explain why users will want it. That might sound easy, but it's not when the speakers have no experience presenting, and they're explaining technical matters to an audience that's mostly...
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...(L) SUK H207 AHCC1113 (P) V207 AHCC1113 (P) M102 (L) FAI DKB AELE0343 (P) SUK CC205 JS AHCC1163 (P) FAI M003 AELE0343 (T) SUK H207 JS AHCC1163 AHCC1153 (L) WYL DKB AHCC1153 (P) WYL LAB 2 AHCC1163 (P) FAI V207 AHCC1153 (P) WYL LAB 3 AELE0343 READING AND WRITING AHCC1153 BASIC SOFTWARE APPLICATION I AEPD1013 STUDY SKILLS AHCC1163 DRAWING BASIC AHCC1103 ART APPRECIATION AHCC1113 GRAPHIC DESIGN BASICS School of Social Science and Humanities Certificate in Graphic Design - Year 1 1st semester 2013/2014 8 9 10 AHCC1103 (T) HAR V102 11 AHCC1113 (L) JS DK 6 Tutorial Group: M1CGD2 12 1 2 3 4 AEPD1013 (L) PRA H209 5 6 7 8 9 Mon Tue Wed Thu Fri Sat AHCC1103 (L) HAR DK AB1 AELE0343 (L) SUK H207 AEPD1013 (T) PRA H207 AHCC1163 (L) FAI DKB AELE0343 (P) SUK CC205 AHCC1153 (L) WYL DKB AHCC1113 (P) V304 AHCC1113 (P) V207 AELE0343 (T) SUK H207 JS JS AHCC1163 (P) FAI V208 AHCC1153 (P) WYL LAB 2 AHCC1153 (P) WYL LAB 2 AHCC1163 (P) FAI V202 AELE0343 READING AND WRITING AHCC1153 BASIC SOFTWARE APPLICATION I AEPD1013 STUDY SKILLS AHCC1163 DRAWING BASIC AHCC1103 ART APPRECIATION AHCC1113 GRAPHIC DESIGN BASICS School of Social Science and Humanities Certificate in Graphic Design - Year 1 1st semester 2013/2014 8 9 AEPD1013 (L) PRA H209 10 11 AHCC1113 (L) JS DK 6 Tutorial Group: M1CGD3 12 1 2 3 AHCC1103 (T) HAR V104 AELE0343 (L) SUK H207 4 5 6 7 8 9 Mon Tue Wed AHCC1103 (L) HAR DK AB1 AHCC1163...
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...GE117 Composition I | A 4 credit hour Composition course This course covers phases of the writing process, with special emphasis on the structure of writing and techniques for writing clearly, precisely and persuasively. Prerequisite or Corequisite: TB133 Strategies for the Technical Professional or equivalent GE127 College Mathematics I | A 4 credit hour Mathematics course This course will include, but is not limited to, the following concepts: quadratic, polynomial and radical equations, linear functions and their graphs, systems of linear equations, functions and their properties and triangles and trigonometric functions. Activities will include solving problems and using appropriate technological tools. Prerequisite: GE184 Problem Solving or TB184 Problem Solving or GE150 Survey of the Sciences or equivalent; Prerequisite or Corequisite: TB133 Strategies for the Technical Professional or equivalent GE184 Problem Solving | A 4 credit hour Science course This course introduces students to problem solving techniques and helps them apply the tools of critical reading, analytical thinking and mathematics to help solve problems in practical applications. GE192 College Mathematics II | A 4 credit hour Mathematics course This course will include, but is not limited to, the following concepts: exponential and logarithmic equations and functions, graphs of trigonometric functions, trigonometric equations, polar coordinates, oblique triangles, vectors and sequences. Prerequisite:...
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...Display Basic Entry FT1 Tax Details from List RB2 Specific Tax Code RB2MNLLAX–PR/LAXMIA–AA Passenger Facility Charge Basic Entry Optional Qualifiers Travel Date Multiple Carriers Display All Types of Fares Return Travel Date Fare Display from Segment Continuation Entries Redisplay Fare Tax Breakdown Display Display RBD Conditions Display RBD by Carrier FQHELP FQBKKMNL–PR/USD FQMNLBKK–TG¥QYEE6M FQMNLBWN–BR¥BY FQMNLTPE–PR¥PINF FQMNLTPE–PR¥PSEA/LBR TXN∗BKK TXN∗1 TXN∗∗XA PXC∗SFO Basic Entry Fare Rule by Line Number Redisplay Rule Information Routing Map FARE RULE DISPLAY RDMNLLAX11SEPLEE6M–PR RD2 Quick Reference Page RDHELP RD∗ Rule Menu of Categories RD2∗M RD2∗RTG Specific Categories RD2∗5/15/22 NON-ITINERARY PRICING WQMNLHKGLAX–ACX/VCX Quick Reference Page Basic Entry Optional Qualifiers Currency Code Passenger Type Code Operating Carrier Date & Booking Class Surface Segment Connection City Continuation Entries Fare Details from List Fare Rule Display Rule Display of First Fare Rule Display from Fare List Fare Basis Code WQHELP WQMNLHKG–ACX/VCX/MUSD WQMNLKULMNL–AMH/VMH/PCNN/PINF WQMNL/ASQSIN/APRMNL–VSQ WQMNL29MAR/CYBKK13APR/CSMNL–ATG/VTG WQMNL14APR/APRHKG/–BKK19APR/ATGMNL–VPR WQMNL24APR/XHKG24APRSFO29MAY/XHKG31MAYMNL–ACX/VCX WQ¥1 WQRD∗ WQRD∗L3 WQRD∗QYOX Fare Calculation WQ¥DF2 Rule Menu of Categories WQRD∗L2¥M Specific Categories WQRD∗L2¥C6/7 Quick Reference Page WQRDHELP FAREX PRICING NET FARE LIST Basic Entry Multiple Carriers NET FARE DISPLAY Basic Entry...
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...and logical operators in computer programs. Use compound logical conditions. Required Setup and Tools Standard lab setup Lab Manual Lab Demo Media and Startup Files CD Recommended Procedures Complete Lab 6.2: Flowcharts from the lab manual. Deliverables Submit the following at the end of this lab activity: Corrected variable declarations and initializations using Visio in Step 2 Corrected module calls using Visio in Step 3 Corrected inputOptions() module using Visio in Step 4 Corrected displayProvider() module with case labels and flow lines using Visio in Step 5 Corrected displayChoices() module with logical operators using Visio in Step 6 Completed and workable flowchart using Visio in Step 7 Unit 6 Lab 6.3: Visual Basic Programming Challenge Learning Objectives and Outcomes Use flowcharts and pseudocode to represent Boolean conditions. Use if-then, if-then-else, and case structures in a computer program. Use Boolean variables and logical operators in computer programs. Use compound...
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...The Leader as a Strategist Report Organization: CVS Caremark Pharmacy CVS Caremark is a pharmacy innovation company that is reinventing pharmacy for better health. Company continuously developing new ways to improve access for patients, promote better health outcomes and control payor costs in a way that no pharmacy retailer or PBM could do separately. In 2007, CVS Corporation and Caremark Rx, Inc. merged; CVS Caremark became an integrated provider of prescriptions and related health services with an unmatched breadth of capabilities (www.cvscaremark.com). Today CVS Caremark is the market leader in the United States in multiple categories; such as in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. Purpose, vision, and values of CVS Caremark Pharmacy: Purpose: Helping people in their path to better health Strategy: Reinventing pharmacy Values: Innovation – Demonstrating openness, curiosity and creativity in the relentless pursuit of delivering excellence. Providing more relevant, caring, expert guidance, more cost-effective solutions and even more convenient access. Collaboration – Sharing and partnering with people to explore and create things. Caring – treating people with respect and compassion so they feel valued and appreciated. Accountability – Taking personal ownership for the actions and their results 1. An analysis of the strategic cascade of the organization...
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