Pharmacy Select

Pharmacy Select – The Organization

LLP formed in 2001 representing over 6000 community pharmacies nationwide
Partners of the organization: Each in business for over 25 years with equal access to contracting entity
- PPSC
- Independent Pharmacy Cooperative (IPC)

Centralized system creating efficiency for vendor, pharmacy, and wholesaler, including contracting and marketing
Single rebate/administrative fee payment for vendors and ease of rebate disbursement
Merged membership data for computations of sales, membership demographics and utilization

Pharmaceutical contracts:
- Over 140 generic vendors offering competitive pricing on over 13,000 products
- Various market share, promotional, and educational programs
- 2 major wholesalers supporting and servicing the contracts
Non-pharmaceutical and Service agreements:
- Serviced through national drug wholesalers as well as direct-to-vendor contracts
- Marketing programs and discounted pricing for member pharmacies
Annual Business Summit:
- 2023 meeting to be held in October in Asheville, NC
- Meet with the Pharmacy Select Board of Directors and Senior Vice President to exchange and collaborate on strategic initiatives as well as explore new opportunities

Administrative Fees:
- Contract maintenance: loading and application
Rebates:
- Discount to pharmacies with structural flexibility
Market share programs:
- Incentive to gain larger percentage of marketplace sales versus competition
Volume incentive programs:
- Incentive tiers based upon growth of sales
Promotional allowance and data mining capabilities:
- Reporting features and promotion of products to members
- Communications: blast fax, email, telemarketing calls
Educational and clinical program development:
- Programs customized for vendor partners, based upon individual goals
- Detailed marketing plans