How can Pharmacy Select help me lower my drug costs and enhance my purchasing strategy?
For community pharmacies, drug costs represent the largest expense, typically accounting for about 77% of revenue (as reported in the 2022 NCPA Digest). Effectively managing these costs is essential for maintaining profitability and continuing to serve your patients and community.
An analysis of IPC members utilizing Pharmacy Select options shows an average savings of 8% on their total generic drug spend. For a pharmacy with $4 million in annual revenue, this translates to $50,000 in yearly savings!
How does Pharmacy Select simplify the process of finding drug savings for me?
Pharmacy Select is a program designed for IPC buying group members, offering access to competitively priced brand-name and generic medications directly through the McKesson ordering portal. Within McKesson Connect, these Pharmacy Select items are listed under RTL2. This integration ensures that you can easily access these products while placing your orders through your wholesaler’s portal. Pharmacy Select negotiates pricing on your behalf, so you can focus on your pharmacy operations without worrying about securing the best deals.
How extensive is the product catalog available through Pharmacy Select?
Pharmacy Select (RTL2) provides access to over 8,300 products, ensuring you have the right items available when you need them, all at competitive prices.
How do I get access to Pharmacy Select (RTL2)?
Pharmacy Select is part of your supply agreement and can be accessed directly through the ordering portal.
