Rx Product Management
A) Generic Rx Purchasing Program
PreferredSOURCE is a single-source, comprehensive generic pharmaceutical
program with contract pricing and incentives exclusively for Leader
members. It is managed to the industry's highest standards by a team
of experts. The program consists of nearly 2,000 single-sourced generic
pharmaceutical products that comprise 95 percent of the average retail
pharmacy's product needs.
PreferredSOURCE benefits pharmacies by:
- Increasing profitability and gross margin
- Offering prices between 30 and 40 percent below WAC
- Providing low contract cost and high reimbursement
- Providing promotional opportunities through telemarketing with
rebates and extended dating
- Decreasing inventory costs
- Providing proven NDC consistency
- Offering low item switch rate
- Maintaining same product, same color and same shape
- Maintaining high serviceability
- Maintaining a consistently high service level
- Offering more than 1,980 single-sourced generic items
- Offering the highest quality products
- Offering the highest available product rating and patient preference
B) Branded Rx Purchasing Program
Rx Advantage is a branded pharmaceutical program with contract pricing
and incentives from leading manufacturers. It promotes repeat business
while maximizing a pharmacy's profit potential. The program features
more than 200 high-quality, fast-moving branded products and one of
the largest offerings of manufacturer contracts in the industry.
Rx Advantage benefits pharmacies by:
- Increasing profitability and gross margin
- Allowing more than $3,000 in potential annual program savings
- Providing off-invoice and rebate savings on market-share contracts
- Optimizing third-party reimbursements
- Maintaining competitive pricing
- Providing unequaled product availability
- Offering more than 200 high-quality, fast-moving branded products
- Providing the largest offering of manufacturer contracts in
the industry
C) Newly Released Rx Products
First Script is an automatic shipment program that gives pharmacies
immediate access to newly released brand-name and generic pharmaceutical
products. First Script customers receive new releases as soon as the
FDA approves the product, and they are available in Cardinal Health
Pharmaceutical Distribution centers, enabling First Script clients
to be the first in their communities to offer the products to their
customers.
First Script benefits pharmacies by:
- Increasing profitability and gross margin
- Offering more than $1,000 average annual program savings
- Providing off-invoice savings
- Offering free goods on select non-exclusive generics*
- Extending 90-day dating
- Providing automatic distribution
D) Repackaging Programs
ProfitPak is a cost-reducing program that features repackaged high-volume
pharmaceuticals. ProfitPak lets pharmacies take advantage of Cardinal
Health's tremendous buying power by repackaging high-volume pharmaceutical
products into convenient, faster-turning sizes. The results are significantly
lower acquisition costs when compared with manufacturers' equivalent
sizes, and higher profits for the pharmacy.
ProfitPak benefits pharmacies by:
- Increasing profitability and gross margin, especially on third-party
prescriptions
- Saving them 2 percent on average of 5 to 7 percent of the pharmacy's
branded-product purchases—more than $1,000 per year
- Offering bulk savings without bulk purchases
- Providing unsurpassed product availability
- Providing the largest repackaging program in the industry
- Offering more than 180 branded items, including 27 controlled
drugs and 6 CII items
- Providing high-volume items monitored for sell through to patients
- Supplying the highest quality products
- Supplying the highest quality products
- Packaging Products in compliance with FDA Good Manufacturing
Practices by the Specialty Pharmaceutical Distribution business
of Cardinal Health
- Including original manufacturers' inserts in the repackaged
products
|
