Timothy Wentworth on drug pricing
From Episode #180 - Tim Wentworth, Retired CEO of Walgreens : From Parking Lots to Boardrooms · · Shot of Digital Health Therapy
“You can't do what you need to do to get the best price as a government buyer — the way to get the best price is to pose a threat that you will remove their product from the formulary, and governments are politically constrained from doing that.”
On , Timothy Wentworth, Chief Executive Officer & Director at Walgreens Boots Alliance Inc, spoke about drug pricing during Episode #180 - Tim Wentworth, Retired CEO of Walgreens : From Parking Lots to Boardrooms on Shot of Digital Health Therapy.
About Timothy Wentworth
Timothy Wentworth, chief executive officer of Walgreens Boots Alliance, has described the company’s turnaround as a multi-year effort, stating that fiscal 2025 is a “rebasing year.” During the company’s first-quarter 2025 earnings call, he said the company had completed all contract negotiations for calendar 2025 and had made progress in adjusting contract dynamics with commercial, Medicare, and Medicaid plans. Wentworth noted that the company had sequenced approximately 450 additional store closures and expected to significantly ramp the pace of closures from the first-quarter level. He also stated that the company was underway with a sale process for Village Medical and remained committed to exiting that investment, with the intent to redeploy proceeds to reduce net debt. In media appearances, Wentworth said Walgreens would compete with Amazon through its “human interface” in communities and neighborhoods, citing 8,600 locations where customers can speak with pharmacists. He told CNBC that the company was consulting with deans from pharmaceutical schools to redesign the community pharmacy workplace and curricula. On a podcast, Wentworth discussed his career and said leaders should “acknowledge reality and give hope” during a crisis. He also performed a Christian song titled “Even If” in a September 2025 video, singing lyrics that included “my hope is you alone.”