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Do you know your ERV?

What’s Your Estimated Return Value?

November 27, 2018

Reverse distribution is a dynamic industry which determines drug cost according to many rapidly-changing variables, each of which fluctuates according to price data, calculations and more. Prices are recalculated and modified at every link of the drug supply chain, making pricing a science. For example, WAC (Wholesale Acquisition Cost) and AWP (Average Wholesale Price), are …

Women in Pharmacy

Is Rapid Credit Right for You?

November 26, 2018

According to a 2018 report from the HDA (Healthcare Distribution Alliance) Research Foundation (titled ‘The Role of Reverse Distribution), reverse distribution generates more than $13 billion annually in product values. This represents a major opportunity for pharmacy owners and directors to recoup significant ROI from recalled and returned products. To get their return credits, many pharmacies …

Pharma Logistics Announces New DOD OCONUS, VA and Other Government Business

November 5, 2018

Delivering Compliance and Value to Government Organizations CHICAGO – October 30, 2018 — Pharma Logistics is announcing it has secured pharmaceutical reverse distribution contracts with the Department of Defense—Outside Continental United States (DOD OCONUS), the U.S. Department of Veteran’s Affairs (VA), the Indian Health Service (IHS), the Federal Bureau of Prisons (BOP), and the U.S. Immigration …

How Pharma Logistics Can Help Your Hospital Pharmacy

October 25, 2018

Every hospital pharmacy must optimize the two C’s of building a successful healthcare practice: care and compliance. Pharma Logistics has provided reverse distribution services to support hospital reconciliation programs for over 20 years, all while maintaining airtight legal and regulatory compliance. Learn how you can help improve your patient service with the Hospital Pharmacy Technician …

Drug Take-Back Programs Improve Communities

Benefits of Drug Take-Back Programs Drug Take Back programs at pharmacies offer community members the opportunity to properly dispose of prescription drugs and over-the-counter medications. Disposal of these substances offer three key benefits: Helping to prevent prescription drug abuse Reducing risk of accidental poisoning Decreasing environmental hazards including water contamination due to medications Take-Back Programs Can Make a Difference Poisoning …

A Hospital Pharmacy Technician’s Role in Reverse Distribution

As a hospital pharmacy technician, a key function of your job is inventory management. And the pharmaceutical drug return process is an important part of inventory management: The first step in the returns process is clearing your pharmacy’s shelves of expired, damaged, or otherwise unusable inventory. The next step is sending back returnable items to …

Three Tips for Providing Excellent Service to the Medical Team as a Hospital Pharmacy Technician

Although you don’t operate within a retail environment, as a hospital pharmacy technician, you still provide “customer service.” Unlike retail pharmacy technicians, who serve patients directly, your immediate “customers” are actually the members of the hospital’s medical team: the nurses and doctors whose prescription and medication requests you fulfill every day. Your strong organizational skills …

Top Challenges for Pharmacy Technicians

As a pharmacy technician, you are a key member of the pharmacy team. You’re the friendly face behind the counter. And you’re the detail-oriented team member tracking inventory in the back. In your role, you face many demands that even the most seasoned technicians consider challenging. We understand patient care is at the top of …