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 …
Hospital & IDN
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 …
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 …
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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 …
Top Challenges for Hospital Pharmacy Technicians
October 19, 2018
As a hospital pharmacy technician, you are a key member of the pharmacy and of the larger medical team. You’re the “go-to” for medical staff who need prompt assistance with medications. And you’re the detail-oriented team member who acts as the steward of the pharmacy’s inventory. In your role, you face many demands that even …
The Hospital Drug Returns Process Explained in 5 Steps
A large part of your role as hospital pharmacy technician is inventory management: keeping an accurate record of the products your pharmacy has in stock. Overall, the goal of your pharmacy is to order and stock the correct products and quantities to meet the needs of the hospital’s patient population. This includes removing expired or …
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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 …
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 …
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Video: Learn How Pharma Logistics Helps Pharmacies
October 9, 2018
To succeed, every pharmacy must optimize the two C’s of building a strong business: cash flow and compliance. With over 20 years of experience, Pharma Logistics has provided reverse distribution services to support pharmacy cash flow—while maintaining airtight legal and regulatory compliance. Learn how you can help improve your customer service with the Pharmacy Technician …
5 Things You Need to Know About the Return Credit Process
August 27, 2018
Many hospitals and pharmacies rely on an outside vendor to handle their reverse pharmaceutical distribution process to garner return credits. But how does that process really work? Pharma Logistics wants to improve visibility into that process by giving you the 5 things you need to know about the return credit process–and find out if you’re …
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