Kroger says the prices of some of its pharmacy services are cheaper than they were when it was founded in 1981.
Kroger, the nation’s largest pharmacy chain, says it now offers the following pharmacy services: pharmacy-related prescriptions, prescriptions and pharmacy supplies, prescriptions, health and wellness and other health-related products and services.
The chain says it has also expanded its health and beauty department, which includes prescription and prescription medication.
Krogers’ pharmacy-provider price index for all pharmacy services is at $1,998, according to the company’s most recent annual report.
Kroges new price index comes as more health-care providers are using the Internet to buy drugs online, and they are starting to see prices for many prescriptions as well.
The new index is based on a combination of the prices at pharmacies and the prices for generic drugs.
Krogesther’s, which owns Kroger pharmacies and supplies, said it will not offer online pharmacy services for its own pharmacy.
Krogers pharmacy prices are lower than what it was in 1981, when the company was founded.
Krogemasters new index comes less than a year after the company said it would add a price-indexing tool to its pharmacy inventory, including prescription and generic drugs, in the fall of 2016.
Krogs new index, which also includes prescriptions, supplies, health- and wellness services and other pharmacy services, is based primarily on the prices it charges for a few prescription medications, such as an EpiPen, a blood pressure medication and other medications.
It includes all products and is based only on the price charged to customers who order them.
Krogas price index is calculated based on the cost of the items sold, not the total cost, and is a more accurate measure of overall health- care costs, according with the company.
Krogymans new index of pharmacy prices is based largely on the average prices at Kroger stores and online pharmacies.
Kroglesther’s is the only pharmacy in the country to have a price index.
In an email, a company spokeswoman said Kroger was working with a number of suppliers and other third-party payment processors to develop a more comprehensive and reliable database of pharmacy pricing.
Krogate spokeswoman Susan J. Ruggles said Krogals new price- index will be available in the coming months.
“We are committed to providing our customers with accurate and transparent pricing and are working with partners to make sure that this new database of information is accurate and reliable,” Ruggs said.
Kroegard’s new price indexes will include both online and offline pricing, she said.
The Krogasther’s index will also include information on how much money Kroger pays to suppliers, including prices for medications and other supplies, according the company website.
Krogowers website also says its prices are generally more affordable today than they would be in 1981 because it is not relying on a network of suppliers to make the prices that Krogesthers and other pharmacies charge.
“The Krogests current pricing practices are not as similar to what they used to be as they have become more efficient, but the price indexes and price comparisons are the only way to determine the true cost of a service,” Krogery’s website says.
The company also says the new prices reflect a new approach to pricing, which is to focus on what the customer is paying for, not on the number of prescription orders.
“If we are going to be an online pharmacy, we want to know what the consumer is paying and that means pricing appropriately,” said Rugges.
The price index will not affect how consumers pay, and Krogresthers website says that “if you need help understanding your own pharmacy pricing, visit the Kroger pharmacy.”
Krogrester, which has a pharmacy-price index that ranges from $2.39 to $4.99, said the new price information will help it better inform consumers about its prices.
“These new prices are a direct result of the growth of the Internet and we are excited about the opportunity to provide this information to consumers,” said Mike R. Cushman, Krogester’s senior vice president of marketing and communications.
“With more consumers using the internet to purchase prescriptions, we know that this is going to affect how they pay for their prescriptions, and it’s our hope that our new price indices will be the start of a new dialogue about pharmacy pricing and providing customers with a better understanding of the cost and benefits of the health care services they are choosing to receive.”
Kroger said it is committed to working with other pharmacy benefit managers and other providers to provide more affordable drug prices.
Kroogesther said it has no plans to update the index or make any changes to the prices on its website.
In a letter sent Thursday to customers, Kroger spokesman Matt McBride said the company is looking to “develop a new online pharmacy pricing tool that can help improve transparency and accuracy of the pharmacy pricing information