Class of Trade Optimization

4PRx created a model that proved to two of largest PBM's in US that compliance packaging results in medication waste and that this Pharmacies efforts saved the PBM $7.6M annually compared to a traditional blister card pharmacy.  Their client received a $3.2M improvement in reimbursement on annual basis.   

4PRx assisted another client by negotiating a direct risk based agreement with a large national PBM saving his clients $6M + over three years.  They have a proven track record in negotiating top of market procurement contracts with Wholesalers and Pharmaceutical Companies to enhance bottom line performance. ​

Proper class of trade designation for a pharmacy based on business model and services provided to patients and healthcare system is essential.  We work in all class of trade to optimize overall class of trade designation and negotiate contracts based on appropriate class of trade for both Drug Procurement as well as Rebate Processing. 

​We've worked with several clients to optimize their overall pharmacy offering linking medical and pharmacy data along with enhanced services to patients home creating the optimal experience for patient medication adherence and health improvement.  We have hands-on experience in proving that compliance packaging for institutional pharmacy eliminates medication waste. 

​Class of trade optimization is setting up your business to reflect the proper class of trade from a licensure standpoint combined with a contracting strategy that reflects reimbursement model based on services provided and optimizes class of trade procurement strategies. 

Class of trade optimization is important because it can lead to improved top line performance via enhanced PBM agreements and improved procurement contracts from Wholesalers and Pharmaceutical Companies. ​
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