Frequently Asked Questions
1) How many drugs do you price?
We will price the top 2100 drugs based on the 1st 2 numbers of your market zip codes.
2) What sizes of brand drugs do you price?
Rx-Net prices all package sizes of brand drugs.
3) What about generics?
Rx-Net covers all current manufactured generics.
4) How does the system create pricing tables?
The system will create unique pricing tables for each drug based on the ranking of the drug in the market.
5)What is the brand drug pricing based on?
Brand drug pricing is based on the AWP of the most used package size.
6) How do you manage generic drug pricing?
Generics are based on the most used mfg of the drug. We override the AWP for generics so that all brands of the generics price the same. This avoids pricing problems when the wholesaler sends a different brand of the generic drug.
7) How are updates done?
Each month the system automatically contacts of web site to update the pricing files automatically. Drugs are priced based competitive information we receive. Items no longer in the top 2100 are removed from pricing schedules and new drugs are added by the pharmacy will be priced.
8) Will we have control over the pricing?
The pharmacy can price 18 different ways and can change the pricing any time dung the month with a click of the mouse. Customer may further modify the pricing using markup or markdown functions.
9) How do you ensure our pricing will be competitive and maximize our 3RD party reimbursements?
Yes. For both brand and generic drugs, our process ensures that your pricing is above the median 3rd party pricing. We edit the pricing on Brand and Or Brand and Generics to ensure that your pricing is above the median 3rd party pricing for your area.
10) What about competitive pricing for higher ranking drugs?
For drugs with limited cash pricing history, our system takes into account a number of variables to maximize your profitability.
11. We only do 20% cash business. How will your system still benefit us?
We have customers with as little as 3% cash that have achieved gross profit increases of 3%.
12. Do you offer customer support?
We offer online resources, phone support and email our customers at least monthly regarding changes and alerts. For more information, please see our referral page.
