Hot Deals!!!!

Check out our new Hot Deals section on PharmaBid.com where wholesalers can list close out deals on pharmaceuticals. This includes short dated, discontinued, and excess inventory items that are priced to move.

Healthcare Reform

Below is a link to the timeline of changes taking place for the recently passed health reform act.

Take special note of the changes to generic biologicals.


Prescription Drugs
Authorize the Food and Drug Administration to approve generic versions of biologic drugs and grant biologics manufacturers 12 years of exclusive use before generics can be developed.

http://www.kff.org/healthreform/8060.cfm

Interesting article on MTM and HCR

http://www.pharmacist.com/AM/Template.cfm?Section=Home2&TEMPLATE=/CM/HTMLDisplay.cfm&CONTENTID=22212

PharmaBid is saving members real money!

We are seeing members save upwards of 50% on generic bids compared to what they can buy it at from their wholesaler. Also, we will be seeing a lot more branded pharmaceutical bidding in the coming months. I would recommend bidding out a week or two worth of purchases on your top generic items and see what you get back. We plan on having some additional tools available to our members in the coming months that will help them save even more. Stay Tuned!!!

Where does the time go???

Your buyer/s are spending hours on the phone and websites trying to find the best price on a product.


At Pharmabid.com we bring all the major suppliers to one website to bid on your business. No need to spend valuable time calling multiple vendors to find the deal you are looking for. Let them come to you, when they phone you, let them know that your business is listed on Pharmabid.com and they can bid on it.

Health Care Reform

We don't know how it is going to impact pharmacy, but it will impact it in one form or another. As a pharmacy owner, what are you doing to stay ahead of the curve? If you are not bidding out your top generics and some of your top brands, why??? I think you would be surprised on how much you are leaving on the table.

Here is one example:

• Wholesalers are enjoying 25% - 100% margins on the generics they sell you everyday and at the same time are trying to lock you into contracts that try to force generic compliance. They also force you into restrictive payment terms.
  
• We are seeing that a pharmacy can typically save upwards of 50% or more by using Pharmabid.com.
• Weekly, semi-monthly - try most of our vendors provide 30 day terms of better.

Bid out a few products today and see the savings...