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 …
Government
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 …
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Drug Take-Back Programs Improve Communities
October 25, 2018
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 …
What Service is Right for You?
August 27, 2018
Box and Ship or Onsite Pickup – which return service is best for your pharmacy? With the wide range of reverse distribution services available today, it can be challenging to determine which one is ideal for your pharmacy. Pharma Logistics offers two popular services that make the pharmaceutical returns process easier and more visible. Those …
Box and Ship vs Onsite services
August 22, 2018
What works best for you? Pharmacies have many choices for reverse pharmaceutical distribution. Often, it’s hard to understand the differences and weigh their value to your bottom line. Pharma Logistics offers both Box and Ship and Onsite services for pharmacies and hospitals across the country. For many pharmacies, these services help communities reduce pharmaceutical waste …
Top Reasons Why Drugs Are Nonreturnable
August 17, 2018
Sometimes, during the pharmaceutical returns process, a drug cannot be returned to the manufacturer for credit. There are many reasons why drugs may be classified as nonreturnable. The three largest issues include: the product’s condition, the timing of the product return relative to the expiration date, and whether the product was originally discounted or sold …
Types of Reverse Distribution Services
Handling Your Expired Pharmaceutical Product Returns With the range of reverse distribution services available today, it can sometimes be challenging to determine which ones may be right for your pharmacy. The following is a brief overview of the types of services available for expired pharmaceutical product returns. Two Main Service Types Generally speaking, there are …