Pharmacies, hospitals, manufacturers, and wholesalers order wide-ranging pharmaceuticals to meet future patient and customer demand. What is often unknown is the amount of unsaleable, damaged, and recalled products that need removal. Despite improvements in demand forecasting, reverse distribution remains a significant operation and expense for dispensers. Annually, more than 120 million units with a product value of more than $13 billion flow through the reverse distribution process.
This function is unlikely to go away because of formulary and regulatory changes, demand fluctuation, and discrepancies resulting in excess inventory or disposal need. This reverse logistical removal requires dispensers to possess a reliable process to manage excess and non-productive inventory.
Healthcare organizations can avoid investing time, resources, physical space, and capital to develop and operate these complex systems and processes with a single source disposal provider like PharmaLink. This vendor trims cycle time while safely removing unwanted products supported by a robust enterprise infrastructure, producing accurate processing and quality analytics that optimize business decisions.
PharmaLink, Inc.® is the single source provider for pharmaceutical returns and disposal logistic solutions. Utilizing our years of experience in the pharmaceutical industry, we provide innovative solutions for pharmacies, manufacturers, wholesalers, and more.
Marti Jones brings more than 20 years of integrated communications experience from world-renowned organizations. Marti’s career has grown from raising awareness and funds for the American Red Cross before and after 9/11 to leading strategy for brands such as Mayo Clinic, Duke Health, and M Health Fairview, which included communications for change management and COVID-19. Marti's messaging portfolios are supported by her academic background and proven methodology, as she taught writing at the University of Minnesota and honed her craft at UnitedHealth, UCare, and RXinsider, Revel Health and Hill and Knowlton. Marti received her master’s degree in public affairs and administration from George Washington University and Bachelor of Arts degrees in communications and psychology from Augustana University.
This post is related to:
Distribution: Returns, Reverse Distribution
