![]() Walgreens tapped Starbucks executive Roz Brewer as its new CEO, making her the only Black woman leading a Fortune 500 company. Walgreens this week announced it was also making a change in its corner office. The management change was announced in November. The company's new CEO, Karen Lynch, comes from insurer Aetna, which CVS bought in 2018. After a decade as CEO, Merlo is scheduled to step down on February 1. ![]() ![]() As CVS was rolling out its vaccination effort, it was also undergoing a major change in its top ranks. Management shuffles may also be playing a role. "Some patients and staff looked at that form and said, 'Oh gosh, I guess I shouldn't get it.'" "CVS and Walgreens required ridiculous consent forms, with all types of stuff on them, including heart conditions and diabetes," said Mariner Health's Steinberg. That took time, especially in facilities that CVS and Walgreens had never worked with before, while discouraging people from getting a shot who might otherwise have gotten the vaccine if the process seemed less bureaucratic and daunting. Nursing home COVID-19 cases increase as virus spreads across the country 02:48Īnother problem has been the use of detailed consent forms, which for many older or ailing nursing home residents meant finding guardians or family members to sign them. I don't accept that this was inevitable." "We should have had all the nursing care homes vaccinated by now. "It was obvious to me that CVS and Walgreens would fail, and now they have," said Michael Wasserman, a geriatric care specialist and a past president of the California Association of Long Term Care Medicine, which is urging the government to revamp its approach to vaccinating older Americans. In all, of the nearly 38,000 assisted living or group homes signed up to vaccinated by CVS across the country, first doses were to have been completed in just over 18,000, or 48%, of those, by the end of the day January 25, according to CVS' own data. In Arizona, the company has completed first doses in 202 assisted living facilities out of the more than 800 that signed up with the pharmacy. ![]() Vaccination efforts in other states are behind. But CVS' announcement on Monday only covers nursing homes.įor assisted living facilities, CVS says it has completed first doses in just 11 states. said CVS and Walgreens would be responsible for vaccinating the nation's more than 15,000 nursing homes as well as tens of thousands of assisted living and rehab centers. When the program was announced in October, the U.S.A number of states, including Michigan and Mississippi, have asked the federal government to allow them to start working with other pharmacies and suppliers to nursing homes in order to speed vaccinations.By contrast, CVS and Walgreens appear to be several weeks away from giving both doses. West Virginia, the only state in the country to opt out of the federal government's partnership with CVS and Walgreens, is expected to finish vaccinating people in long-term care facilities - both first and second doses - this week. ![]() FactSet says analysts expect $4.50 per share.Despite Azar's optimistic timeline, experts have expressed concern with the government's plan, including its heavy reliance on CVS and Walgreens. Walgreens also said that it was maintaining a full-year forecast it first laid out last fall for adjusted earnings ranging between $4.45 and $4.65 per share. But around 1,900 still were affected.Ĭompany leaders told analysts on Tuesday that some stores will still be operating with reduced hours by the end of the company’s fiscal year in August. The company said Tuesday that it returned about 500 stores to normal hours in the recently completed quarter. Walgreens has had to reduce pharmacy operating hours. That’s an approach that is growing popular with bill payers like employers and insurers.īut the drugstore chain and its competitors are struggling to find enough employees to run its U.S. The company is opening primary care practices next to some locations with the goal of having drugstores and doctor offices work together to help keep patients healthy instead of just treating them when they become sick. Animatronic dragon bursts into flames during Disneyland show ![]()
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