"Setting up RxNet with RX30 was a breeze. We have four stores and it takes less than 5 minutes to update our costs at all four locations each month. Pricing our four stores used to take me several hours every month. Now I can spend that time finding other ways to make the company profitable. This time savings alone makes RxNet worth the money. The monthly reminder calls and the personal attention I receive from RxNet when I have pricing questions adds to that value. When you add in the ability to get a true market price through SureRx, RxNet pays for itself immediately." Greg Paisley RPh
Director of Pharmacy Operations
Shrivers Pharmacy
Zanesville, OH
Norm Talkowski, R. Ph. and owner and Bloomfield Drug in Pittsburgh, Pennsylvania, has seen the benefits first hand. "I wasn't investing nearly enough time on pricing.With the Auto-Rx-Net pricing service, I was surprised to see how quickly my prices were becoming out of date, and what that was costing me," Norm reports. For example, Norm had been pricing a particular generic at $26 per prescription, not knowing that the going rate in his area was more than $70. More than reducing revenues and profit margins for cash prescriptions, outdated pricing can impact third-party reimbursements.
"Even though 97% of our business is third-party, I was able to add more than $1.00 per prescription of additional profit margin over-all. Since I began pricing with Auto-Rx-Net, my prescription gross profit margin has increased over 3%!" Norms adds.
Kevin Blessing from Sauk City Pharmacy said it best by saying, "Our pharmacy has discovered that pricing competitively is the key to making money. Since the implementation of Auto-Rx-Net,our pharmacy has experienced a 2% gross margin increase on generic drugs and 5%gross margin increase on brand drugs. Auto-Rx-Net enables us to price competitively with minimal effort on our part."
Wayne MacArdy, owner and RPh of the five Phillips Pharmacies said, "Customers often receive a quote at one location, but then fill their prescription at the other. I no longer have to worry about customers questioning the price variations between the stores,"
Carlton Brock also stated, "The accurate U&C values that we receive as a result of Auto-Rx-Net has contributed to higher reimbursement levels from 3rd parties contributing to our gross margin increase."
