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Capabilities

Pharmacy Cooperative Negotiates Competitive Purchase Contracts

 
May 16, 2017
 
Case Study

Situation

The largest U.S. group purchasing organization for independent pharmacies needed to negotiate and document its group purchasing organization and warehouse supply agreements with a Fortune 500 company. Our team helped with the negotiations, through which approximately $8 billion in pharmaceuticals move annually.

Result

The successful negotiations and completed agreement saved the independent pharmacy members approximately $100 million in just the first year. Continued savings and competitive pricing will enable those pharmacist business owners to continue to provide personalized service and patient care as a key component of the U.S. healthcare system.