Rapid Credit Program

Expedite Credits and Reduce Reconciliation Time with Our Rapid Credit Program

The Center for Medicaid and Medicare Services (CMS) issued a final rule that eliminates PBMs’ retroactive application of direct and indirect remuneration (DIR) fees, beginning in 2024, requiring that they be reflected in the negotiated price the patient pays at the pharmacy counter.

Because of this change, many independent pharmacies may find themselves needing a reliable source of cash in a hurry to offset the 2024 DIR fee changes. The pharmaceutical returns process provides a solid source of pharmacy revenue.

Pharma Logistics’ Rapid Credit Program expedites the return of your credits within 14 days.

The result:

• Receive cash for returned items quickly: Receive cash fast, within 14 days from the date the items are processed at our fulfillment center—instead of waiting 12 or more months, the industry standard.
• Offset DIR challenges and Improve cash flow: Greater visibility and predictability in your returns to help you manage your cash flow more effectively.
• Eliminate reconciliation time: Reduce the labor burden on your staff by decreasing credit collection time by 96%.
• Reduce risk: The risk of a decrease in product return value due to changes in manufacturer policies is transferred from your pharmacy to Pharma Logistics.
• Use our Rapid Credit Program with both our Onsite and Box and Ship services.

The Pharma Logistics Rapid Credit Program is an excellent way to help pharmacies boost cash flow quickly so that money can be injected back into your pharmacy as needed in the face of mounting industry challenges and financial pressures with 2024 DIR changes.

Trade Classes Served:

• Hospitals and IDNs
• Retail Pharmacies
• Government
• Closed Door Pharmacies

Note: Direct payment items are not eligible. Proof of purchase may be required.

How to Get Started with Pharma Logistics

Whether you are currently working with a pharmaceutical reverse distribution company or doing all the work yourself, getting started with Pharma Logistics is easy. Just call us at 888.729.7427 or email CustomerAdvTeam@pharmalogistics.com, and we will make sure you get all the information you need to make the best decision for your pharmacy, practice, hospital or facility. You won’t miss a beat if you would like to move from another vendor to Pharma Logistics, so don’t hesitate to call us.