"Challenges and Changes: Walgreens' Mission to Improve Amidst Revenue Tops and Clinic Closures"

Walgreens CEO Tim Wentworth is leading a shift towards a more clinically oriented brand, aiming to achieve provider status for pharmacists and focusing on a return to the basics to address challenges such as weak demand for consumer items and a nationwide shortage of pharmacists. The company is seeking to replicate a UK program that allows pharmacists to diagnose and prescribe medication for common health conditions, and is lobbying Congress for Medicare Part B reimbursement for pharmacists providing tests, vaccines, and treatments. Wentworth envisions a more community-based pharmacy setting and empowering store managers to drive growth, while emphasizing the importance of pharmacists operating at the top of their clinical ability.
- Walgreens CEO: 'We are on a mission to achieve provider status for our pharmacists' Yahoo Finance
- Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy CNBC
- Walgreens affiliated clinics to close all Las Vegas locations Las Vegas Review-Journal
- Walgreens to cut costs by $1 billion this year, with layoffs and store updates MarketWatch
- Walgreens' frail quarter goes beyond the discretionary spending dips afflicting its competitors. It's 'just not very good at retailing,' analyst says Fortune
Reading Insights
0
0
3 min
vs 4 min read
84%
696 → 110 words
Want the full story? Read the original article
Read on Yahoo Finance