Full-Service Pharma Wholesalers Pharma Supply Savings for Pharma Retailers. Savings for Clients and Patients on High-Quality Care. A complete line of pharmaceutical products and supplies for retailers, hospitals and home healthcare companies. Wholesale distributors are the second link in the drug supply chain.
Purchase pharmaceuticals from manufacturers for distribution to a variety of different locations, such as pharmacies, hospitals, clinics, doctors' offices, and laboratories. Some distributors sell a variety of products, including medicines and medical equipment, while others specialize in the types of products sold or types of customers to whom it is sold. Pharmaceutical distributors are the middlemen who ship manufacturers' products to pharmacies and other suppliers. In addition to hospitals and pharmacy chains, more than 22,000 independent pharmacies rely on their services on a daily basis, according to Healthcare Distribution Alliance (HDA).
Given its fundamental role in the pharmaceutical ecosystem, choosing the right pharmaceutical distributor for your pharmacy is more important than ever. The Verified Accredited Wholesale Distributors (VAWD) program was developed in 2004 to help protect the public from the threat of counterfeit drugs. Taking into account the purely economic aspects of the model, if the delicate balance cannot be maintained, full-line wholesalers would have re-evaluated the means through which they could distribute slow-moving drugs as part of the full product range. At the most basic level, there are five steps in the pharmaceutical supply chain to ensure that drug inventory is available for distribution to providers and patients, according to a report by Avalere.
Full-line wholesalers implement a package of practical measures to ensure that the risk of counterfeit drugs entering the supply chain is minimized. FDA recommends that prescription drugs only be purchased from licensed drug wholesalers in the United States. In particular, pharmaceutical manufacturers have the greatest influence on pharmaceutical product prices, as they assess expected demand, future competition and projected cost of marketing to establish wholesale acquisition cost (WAC), researchers say. Wholesale distributors buy medicines (and other equipment) from pharmaceutical companies, store them in warehouses and other holding facilities, and sell them to pharmacies, etc.
The pharmaceutical supply chain faces its own challenges, including supply chain visibility, counterfeiting medicines, the cold chain, and rising prescription drug prices, which can significantly increase out-of-pocket costs for patients. There are other ways that wholesalers can keep prices low, such as discounts given to distributors who can move more products and pay on time (or in advance), and selling short-dated drugs, which carry the risk of expiration before sale. Wholesalers have security for this in the form of chargebacks: if the manufacturer and pharmacies agree on prices without the participation of the wholesaler, the wholesaler has the ability to charge the manufacturer for the profits lost in the agreement. Overall, the pharmaceutical supply chain is vital for patients to receive the medications they need without having to deal with stress or obstacles along the way.
Prescription drugs rely heavily on several negotiations between wholesalers, pharmacies, pharmacy benefit managers and insurers, according to the report. .