Is Your Risk of Being Sued Climbing

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southland primary care :: Article Creator Primary Care The material on this site is for informational purposes only, and is not a substitute for medical advice, diagnosis or treatment provided by a qualified health care provider.© 2005–2024 MedPage Today, LLC, a Ziff Davis company. All rights reserved.MedPage Today is among the federally registered trademarks of MedPage Today, LLC and may not be used by third parties without explicit permission. How Upfront, Predictable Payments Can Improve Primary Care Decades of evidence shows that primary care is associated with improved health, greater patient satisfaction, and reduced health inequities, and it is strongest when teams of providers coordinate care to address patients' needs. Yet the way the United States currently pays for primary care limits this potential. Most primary care providers are paid on a fee-for-service basis — that is, retrospectively for each individual service they provid
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Drugstore chain Rite Aid to close at least 63 stores in the coming months - CNBC

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A Rite Aid store is shown in downtown Los Angeles, California, U.S., October 16, 2019.Picture taken October 16, 2019.
Mike Blake | Reuters

Drugstore chain Rite Aid said Tuesday it plans to shutter at least 63 stores as it reassesses how many locations it needs.

The company said the closures were identified as part of an ongoing review and it anticipates it will find additional shops to shut in the next several months.

Rite Aid said its goal is to reduce costs, boost profitability and have a "healthy foundation." The company said the 63 closures, which began last month, are expected to boost its earnings before interest, taxes, depreciation and amortization by roughly $25 million.

On Tuesday, Rite Aid posted mixed financial results for the fiscal third quarter. Although it earned more than expected on an adjusted basis, its sales for the three months ended Nov. 27 came in lower than analysts projected. The retailer also cut its outlook for sales for the fiscal year.

Rite Aid shares closed Tuesday up 21.4%. Shares are down about 4% year to date, putting Rite Aid's market capitalization at about $839 million.

A list of the dozens of stores Rite Aid plans to shut wasn't immediately available. Rite Aid operates more than 2,400 retail pharmacy locations in the U.S.

Last month, drugstore rival CVS Health said it will close roughly 900 stores over the next three years, as it adjusts to shoppers who are buying more online.

Both CVS and Walgreens have been focusing more effort on digital growth and turning stores into destinations that offer a range of health-care services, from flu shots to diagnostic tests.

Find the full earnings press release from Rite Aid here.

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