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News Breaks
March 25, 2013
08:05 EDTWCG, OCROmnicare, WellCare partner to improve health outcomes in long-term care market
Omnicare (OCR) and WellCare Health Plans (WCG) announced an agreement to provide Medication Therapy Management services to WellCare beneficiaries residing in long-term care facilities to improve health outcomes. The Affordable Care Act requires prescription drug plan sponsors to offer MTM services to eligible beneficiaries that include, at a minimum, an annual Comprehensive Medication Review that must be furnished person-to-person or using telehealth technologies. The CMR must include a review of the beneficiary's medications, which may result in the creation of a medication action plan with a written or printed summary of the results of the review provided to the targeted beneficiary. Beginning January 1, the offer of the CMR to all eligible beneficiaries includes enrollees who are in the LTC setting.
News For OCR;WCG From The Last 14 Days
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November 24, 2014
10:24 EDTOCRHigh option volume stocks
High option volume stocks: TIVO TIF ASHR OCR TGP JEC CEQP UTX PWRD IMMU
08:31 EDTOCROmnicare, McKesson expand distribution agreement
Omnicare (OCR) and McKesson Corporation (MCK) announced the signing of an expanded agreement to include the sourcing and distribution of branded, specialty and generic pharmaceuticals. The new five year agreement, which extends through December 2019, creates efficiencies for both companies by leveraging the strength of Omnicare as the nationís largest institutional pharmacy and a leading specialty pharmaceutical services provider and McKesson as a global leader in pharmaceutical sourcing and supply chain management. Omnicare noted that it believes the benefits of its new sourcing strategy will be a key driver in enabling it to generate a low double-digit adjusted cash EPS growth rate in 2015.
November 13, 2014
16:40 EDTWCGPennant Capital reports 7.0% passive stake in WellCare

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