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 …
Retail 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 …
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 …
Top Challenges for Pharmacy Technicians
October 19, 2018
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 …
A Step-by-Step Guide to the Pharmacy Drug Return Process
A large part of your role as pharmacy technician is inventory management: helping to keep an accurate record of all the products your pharmacy has in stock. Overall, the goal of your pharmacy is to order and sell the right products to customers who will purchase and use them. This means minimizing the quantity of …
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Seven Tips for Excellent Customer Service as a Pharmacy Technician
As a pharmacy technician, you’re the engine of the pharmacy. You not only manage inventory, but you’re also the friendly face who takes care of customers when they walk in. You help them get the medications they need in a timely fashion. Your strong organizational and inventory management skills keep your pharmacy healthy on the …
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A Pharmacy Technician’s Role in Reverse Distribution
As a 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 unsalable inventory. The next step is sending back returnable items to the …
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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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What Service is Right for You?
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 …