Protect Your Contracted Pricing With ProfitGuard
Negotiating a purchasing agreement with a pharmaceutical wholesaler can be tricky business. The purchasing environment is growing more complex, and closely managing the fixed and variable cost associated with your inventory is crucial to your business performance. Even if you’re promised what appear to be favorable terms on paper, you can’t be sure you will actually receive what you have been promised. Your ability to evaluate your purchasing transactions to identify profit leak due to improper pricing or to determine whether you’re missing opportunities to save money is essential to maintaining healthy margins.
ProfitGuard leverages the expertise of PBA Health’s professional negotiators and the strength of PBA Health’s pharmacy networks to help take the guesswork out of your negotiations while providing tools necessary to ensure you get the rates and rebates you have been promised under contract.
Securing the most favorable contract terms
ProfitGuard lowers your cost of goods by appropriately balancing profitability concerns across three core areas of pricing:
- Off invoice brand discounts
- Off invoice generic contract prices
- Generic rebates and incentives
Our in-depth feedback and presentation of RFP and proposal details help you make the safest, most profitable, and most informed decision you can make on your choice of wholesale supplier.
What happens once you're a member matters most
A number on a page is just a number on a page without the tools and processes to ensure that it gets delivered. That’s why PBA Health’s back-end reporting helps you track and manage your costs and buying opportunities.
With our Purchase Optimization and Protection System you can:
- Track your monthly purchases to ensure the contracted price on the day you buy is the price you actually pay.
- Monitor your activity at-a-glance, making it easy to track price discrepancies and more cost-effective alternatives.
- Review recommendations for optimized purchases that help you save money and maximize your rebates.
- Utilize the PBA Health warehouse as a backup source of product to ensure reliable availability and consistency of product without sacrificing the pricing, rebates, or compliance with your primary wholesaler arrangement.
- Easily ensure that you are maintaining purchasing volumes and product mix in full support of the negotiated wholesaler relationship.
Total transparency is built right in
ProfitGuard helps you make informed decisions and ensures you receive the best possible cost of goods throughout the duration of your contract.
Learn more about the smart choice in pharmaceutical contracts. Call PBA Health today at 800-333-8097 or email us at pgsupport@pbahealth.com to learn how ProfitGuard can add peace of mind and value to your next contract negotiation.