The APA Announces New Services with Wholesalers

10/14/96

The American Pharmacy Alliance announces new services to be offered in concert with 3 national drug wholesalers.

October 14, 1996, Lexington, KY - The American Pharmacy Alliance (APA) announces that three leading national drug wholesalers have declared their intent to work with the APA in offering a broad spectrum of new services to their pharmacy customers. The services focus on those areas in which the increased use of technology enables the wholesaler to provide access to cost saving and revenue enhancing programs to their retail pharmacy clients. The three wholesalers are AmeriSource, Bindley Western, and Cardinal Health.

The APA software vendors, in concert with drug wholesalers have agreed to offer services to help their client pharmacies strengthen key business areas and expand the value pharmacies can derive from their drug wholesaler relationships. These new programs provide pharmacies with the teammates and tools they need to aggressively and profitably compete in the managed care marketplace. The APA is a technology partnership made up of 16 leading pharmacy software companies that provide software and system support services to over 11,000 of the 24,000 independent and small chain pharmacies in the United States.

"It's in the best interest of our member companies and wholesaler partners to keep retail pharmacies healthy by delivering programs that reduce the pharmacist's cost of doing business and increase store revenue," states Karl Steele, APA's president. The APA's suite of wholesaler services include: 1) Formulary and third party edits, 2) Market share rebate programs, 3) Third party receivables financing and reconciliation services, 4) Patient compliance and disease state management programs, 5) Wholesaler replenishment, and 6) Wholesaler consignment inventory programs. These services have been carefully designed so that they utilize the technology already in place in the retail stores in the most effective and least intrusive way.

A primary element within the APA's suite of wholesaler oriented services is the open architecture of its communication and delivery. By offering one common suite of services that have been agreed upon by the APA's founding members, the APA is able to offer to the wholesaler community assured uniform and rapid deployment of any tailored wholesaler program to any and all of the pharmacies using the APA members' systems. Although services are currently limited to the APA members and their customers, the APA intends to make this suite of services available to all software vendors, wholesalers, and pharmacies on an equal basis.

The American Pharmacy Alliance (APA) was formed in March of 1996 with headquarters in Lexington, KY. The APA provides and manages access to beneficial products and services for independent and small chain pharmacies, their customers and software vendors nationwide.

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"The American Pharmacy Alliance" and "PromptRx" are servicemarks of The American Pharmacy Alliance.

Updated: January 2001