Pharmacies encounter a spectrum of hurdles: industry consolidation, dwindling reimbursements, pricing complexities, and heightened regulatory scrutiny. A key strategy to support these challenges is finding a group purchasing organization (GPO) and benefiting from their collective buying and negotiating power. With Innovatix GPO, pharmacies can lower procurement costs, improve their profit margins, and remain competitive in the market.
Innovatix is a leading force in the home infusion, long-term care, retail, mail order, and specialty pharmacy industries. They have a contract portfolio built on over $44 billion in purchasing volume and over 2,000 unique contracts. Customers can access needed inventory and realize improvement in their financials and operations with the Innovatix GPO.
Members benefit from a readily available team of pharmaceutical supply chain experts as well as discounted pricing on over 15,000 products, including branded and generic pharmaceuticals, compounding products, diabetic supplies, and over-the-counter medications.
Innovatix also offers pharmacies valuable resources like market insights, compliance support, and networking, enhancing operational efficiencies and addressing patient needs.
