1) How many drugs do you price? We will price up to the top 2100 drugs based on the 1st 2 numbers of their zip code.
2) What sizes of brand drugs do you price? Price all package sizes of brand drugs
3) What about generics? We price all mfg of generic drugs.
4) How does the system create pricing tables? The pricing tables (55 tables) are installed on your system prior to the first download. Download files consist of the NDC number of a drug with a price table attached. This price table refers to a predetermined table that has been installed.
5) How do you base the Brand drug Pricing? Brand drug pricing is based on the AWP of the most used package size
6) How do you base the Generic drugs pricing? Generics are based on the AWP most used mfg of the drug. This most closely matches the AWP that your wholesaler provides
7) How are updates done? Each month the system contacts our web site to update the pricing. In most cases this is an automatic process or it may require you to access our web site from a program on your system. Drugs are priced based of the 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 any control over the pricing? The pharmacy can price 9 different ways and can change the pricing any time dung the month with by accessing our web site. Customer may further modify the pricing using a percentage Markup or Markdown of brand or generic drugs when accessing the program on the web.
9) How do you ensure our pricing will be competitive and maximize our 3RD party reimbursements? We edit the pricing on Brand drugs to ensure that your pricing is above the median 3rd party pricing we have for the area. If not we then use the 3rd party price plus 1%
10) What about competitive pricing for higher ranking drugs? On higher ranking drugs when there is no cash pricing we will use the 3rd party pricing if the gross profit of the brand drug is greater than AWP -10% and generic drug AWP-50%. If we use the 3rd party price it is multiplied by 101% to achieve the cash price. If the drug is not ranked in the top 2100 it will use your default table.
11. We only do 10% cash business. How can your system still benefit us? We have customers with as little as 3% cash that have achieved gross profit increases of 3%. We are so sure we will guarantee the profit increase will be more than the monthly cost.
12. Do you offer customer support? We have great customer support (check out our referrals page). We offer online resources, phone support and email our customers at least monthly regarding changes and alerts.