GMDC LIFETIME ACHIEVEMENT AWARD TO P&G'S MURRAY
PALM DESERT, CALIF. — The Global Market Development Center, Colorado Springs, better known as GMDC, awarded its 2007 Lifetime Achievement Award to Wallace B. Murray, formerly of Procter & Gamble, Cincinnati. The presentation was made during the association's Health Beauty Wellness Marketing Conference here last week. GMDC gives this award to those who contribute significantly to the general merchandise or health, beauty, wellness industries, as well as to GMDC through their leadership. Murray served as chairman of GMDC's HBC Advisory Board and was instrumental in expanding long-range planning to the boards and committees he served on. Murray also served as vice chairman of the Educational Foundation, responsible for developing the educational and research programs for GMDC. Murray's career at Procter & Gamble spanned 34 years and included roles in sales and sales management at the local, regional, national and global levels. He also represented Procter & Gamble in industry affairs, as well as in external business development and global licensing. He retired in 2002.
PHARMACIES GETTING LATE PAYMENT FOR PART D: STUDY
AUSTIN, Texas — Reimbursements to pharmacies that serve patients with Medicare Part D can take 30 to 60 days, according to a new study by the University of Texas at Austin's Center for Pharmacoeconomic Studies. The report, “Length of Prescription Drug Payment Times by Medicare Part D Plans,” extracted information from a database of 3 million Part D claims from 145 independent and 17 chain pharmacies and found that the median percentage of pharmacy claims that take more than 30 days to be paid was 50.1%. Reimbursement for 17.2% of those claims took over 60 days. Pharmacies commonly have to pay their suppliers within 15 days, the report added.