on their cost of goods. “It’s amazing. As the numbers are crunched, as (other pharmacies) share some initial data with their PBA Health rep, most all of them show significant savings,” Newberry said. “It’s almost like, ‘You’ve got to be kidding me. I had no idea that I could be leaving that much money on the table or just giving that much money to my wholesaler’s profits instead of to mine.’” Business tools that simplify What makes ProfitGuard different from anything else on the market is that it offers a complete solution to improve buying. It not only saves you money on your cost of goods, but it also tracks your purchasing data for you on a personalized, easy-to-use website. The website gives owners, pharmacists and techs the information and tools they need to make the most profitable buying decisions—all in one place. You can easily see if you’re getting the pricing you contracted for, where you’re sourcing your products from and if you’re meeting the generic percentage of your contract so you don’t miss a single rebate. For pharmacists like Randy Meents, Pharm.D., owner of Greenfield Pharmacy in Greenfield, Mo., being able to access that information all in one place takes away the burden of doing it manually, and the worry of not getting a fair deal. “Not only do ProfitGuard tools make it easier, they make it possible,” Meents said. “As a small independent businessperson, I don’t have the time, the ability, or the
analytical algorithms to do that kind of thing. We’d have to hash it out product by product individually and we’re unable to see a bigger picture like we can see through ProfitGuard.” Using ProfitGuard’s tools, Meents said he is able to focus more on his patients and on the bigger picture of his business, instead of tracking down numbers and invoices. “What I like is that PBA Health is your partner and they have the tools to make sure that the wholesaler is keeping the terms of the contract without shifting numbers or shifting the way they calculate things one way or another,” he said. Recommendations that keep you saving While getting the best supplier pricing is important and can have a huge effect on a pharmacy’s bottom line in the long term, most buying decisions happen in the day-to-day. Prices fluctuate often, product availability changes daily, and pharmacists are left to act as part-time detectives, seeking out better pricing when they can with their already busy schedules. ProfitGuard changes that. By logging on to your store’s personalized website and clicking on the recommendations tab, you will see products you could be saving money on, and the very best options to do so. Whether it is switching manufacturers, moving a product from your primary to your secondary wholesaler (or vise versa), or choosing a different
A personalized website takes the hassle out of getting the best pricing. ProfitGuard’s tools track your purchasing data to ensure you are getting the pricing you contracted for. A recommendations tab gives you the best options to save on the products you need.
Elements | pbahealth.com
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