HealthSource Distributors - The Smarter Source

A pharmaceutical wholesale distributor that is smarter in every way.

It is smarter when it comes to experience in the pharma industry.

Our drug industry experts are able to successfully anticipate market time, thereby granting HealthSource Distributors the opportunity to make strategic purchasing decisions.

It is smarter in terms of savings.

Pharmacies can save a lot of money by ordering with us. We offer a large selection of brand and generic Rx at great discounts in order to significantly help improve your margin.

It is a smarter company in regard to relationships.

 It prides itself on its personalized customer service. We work diligently to be flexible to your needs.

In addition, it is smarter in drug distribution.

We have a state-of-the-art distribution center and promise to fulfill your order in a timely manner with accuracy that is truly unrivaled. You can rest assured that we are fully compliant with regulations and that every item is tracked with a lot number and expiration date.

Based on all of the reasons delineated above, it is no wonder that we have become one of the fastest growing Rx distributors. We service thousands of independent pharmacies and small chain pharmacies with no-forced contracts, free next day shipping, and easy ordering options.

We look forward to working with your pharmacy as well at “The Smarter Source.”

Check out this video from our YouTube Channel that describes what we offer to pharmacies.

9 Ways to Save Money on Prescription Drugs By HealthSource Distributors

Tips From HealthSource Distributors

If you watch television for more than a few hours, it’s hard not to come to the conclusion that there’s a pill for practically everything. From heart disease and arthritis to anxiety and depression, Americans are taking more pills now than ever before to treat these diseases. While critics may question the value of so much medication, it’s hard to deny that pharmaceuticals have improved the lives of many with chronic conditions.

Unfortunately, rising costs are increasingly putting pharmaceuticals out of reach for the most vulnerable people in society, forcing them to choose between buying food and buying medication. While there are alternatives to paying high prices for pharmaceuticals, saving money takes time and research.

The following 9 tips can help you get started:

1) Choose generic. While the price of formulary drugs continues to rise, generic drugs are still surprisingly cheap. For example, a 30 day supply of Prozac can cost as much as $232.82 at a retail pharmacy, while the generic equivalent, Fluoxetine, can cost as little as $21 a year. Check with your physician to see if a generic equivalent will work for you.

2) Get a drug discount card. For those without insurance, drug discount cards can provide a straightforward way to cut prescription costs. While some cards require a fee, many provide discounts with no upfront costs. Caution is required as not all cards are created equal. 

3) Shop around. Not surprisingly, the cost of prescription drugs can vary substantially from pharmacy to pharmacy. Before you fill your prescription, spend some time calling around. Discount clubs like Costco can save you money and you don’t even have to be a member to use their pharmacy.

4) Buy in bulk. If you take prescription medicines for a chronic condition, you may be able to save money by buying in bulk. The cost of a six month supply of medicine often costs little more than two months of medication purchased one month at a time. Check with your doctor to see if he will write you a prescription for a longer period of time and you could cut your costs prescription costs in half.

5) Ask for free samples. Many drug companies give doctors free samples. This can help you save money, especially in the short run. Once the samples run out, you may be shocked by true cost. Before you accept samples, make sure you check with your physician to see if there would be any complications associated with changing prescriptions after the samples run dry.

6) Shop online. Buying prescription drugs online can be a viable alternative to retail, especially if you are treating a chronic condition like diabetes. Insurance companies often have close relationships with pharmaceutical distributors and can usually provide direct billing. For the uninsured, online pharmaceutical companies can often provide substantial savings. Before buying online, make sure you thoroughly investigate providers as there are significant amounts of counterfeit drugs on the market.

7) Patient assistance programs. Most pharmaceuticals companies have drug assistance programs for those who cannot afford their medicines. Benefits are usually dependent on income which means you will have to supply financial information to become eligible. While subsidies vary widely, the programs can provide help for those who would otherwise have to do without. RxAssist.org is a great resource for information on these programs.

8) Review your medicines with your doctor. With the high degree of specialization in the medical field, it’s possible that you are taking too many medications or taking medications that interfere with one another. If you are wondering how you’re going to afford all of your medications, take them to your pharmacist or physician to see if you can reduce the overall amount. Many medications are also taken to counter the side effects of other medications. Make sure to have all of your medications reviewed whenever you discontinue any one of them.

9) Use coupons. Prescription coupons allow you save money on your medications, even if you already have insurance. Before you go to the pharmacy, check online by searching for your medication and the word “coupon.” Often disease specific magazines or brochures given to you at the doctor’s office have coupons for medication.

Saving money on prescription drugs requires both time and patience.
The best way to start is by talking with your physician. Make sure you doctor understands that you are concerned about the cost as well as the side effects of your medications. Before you decide to forego a drug, make sure you share this information with him. A physician will not only help you prioritize drugs, he might also be able to direct you to a cheaper alternative.

Once you are armed with this information, start searching for savings. Even if you can’t significantly cut your costs, you’ll still have a better idea of what you’re taking and what you really need.

Get in touch with HealthSource Distributors for more savings.

8 Easy Ways Independent Pharmacies Can Increase Profits

If you own a pharmacy, you have your share of challenges and concerns.

The current insurance landscape is volatile and unpredictable, which makes it hard for you to know what reimbursements to expect. Plus, wholesale prices for brands and generics have risen to unprecedented levels.

The bottom line is, It’s hard to predict your bottom line (so to speak). Needless to say, every business owner wants to boost profits, but independent pharmacies need it more than ever.

Here’s the good news. A lot of independent pharmacies around the country have figured out simple and creative ways to boost profits and attract new clientele.

In this post we’ll show you 8 simple tips and ideas your pharmacy can implement right now to boost profits.

Use Your Size As A Strength

To be sure, large chains have certain advantages. But as a local neighborhood pharmacy, you’ve got an edge in key areas, such as the flexibility to try new things, and the ability to offer a personal touch, which large chains simply cannot compete with, because they don’t comply with the rigid sets of rules they need to follow.

Smart pharmacy owners are finding lots of ways to increase profits, so they can compensate for the growing challenges they face.

Here is a countdown of the “Top 8 Ways” you can improve your pharmacy’s bottom line:

1. Lots of personal attention. Customers frequently have questions and concerns about prescriptions, drug interactions, side effects, insurance coverage, and more. By taking the time to answer questions and resolve their concerns, you’ll build rapport and trust, and create a pleasant experience. That gives customers a reason to come back, and refer you to friends and family.
2. Home delivery. We live in an “Amazon” world, where making shopping convenient–by eliminating the actual shopping–can be very attractive, especially for sick and elderly customers. Plus, customers are usually willing to pay a delivery fee, making this a “double whammy”– an added perk for customers, and a new source of revenue for you.
3. Focus on the front-end experience. No pharmacy these days can profit on drugs alone. The more appealing you make the shopping experience for non-pharmaceutical products, the more sales you’ll generate. Imagine that you’re a customer walking through your store, and see how it feels. You may notice that the layout can be more logical, and product placement can be neater, more organized, and easier to find things. Make sure everything is fully-stocked and in the right section. Place similar products close to each other, so it’s easy for shoppers to compare. And keep seasonal items front and center, for maximum sales.
4. Hire staff members who add value. The right employees can be the difference between a good pharmacy and a stellar one. Paying more for quality personnel may be worth the investment. They can offer customers the “red-carpet” treatment, like calling doctors’ offices when needed, and working out confusing insurance and billing issues. Staff members can also improve customer engagement, and even be trained to recommend products and upsells, and “push” items with higher margins, to create instant profitability, and pay for themselves.
5. Take advantage of technology (you don’t need to be tech-savvy). You can use smartphones and other common devices to create a super convenient experience for customers. Send text message alerts when prescriptions are ready, email blasts about sales and promotions, and offer automated refills. These little perks can have a massive impact on customer satisfaction…and your bottom line.
6. Additional healthcare services. Seasonal vaccines and other health services, as well as educational workshops, are a proven way to get bring in new customers in and generate revenue. Research your community’s specific needs, and create the services to fill them.
7. Use data and market research to determine what’s in high demand. Business owners nowadays don’t need to play guessing games or rely on “gut instinct.” There are many research tools and resources available to help you discover which brands and items are popular, and what’s likely to bring in the highest margins.
8. Purchase smart. There’s no doubt that the number one way to boost profits is buying low and selling high. Ben Franklin famously said it, and it’s just as true today–saving money boosts profits as much as earning it. Find the lowest prices by shopping around for bargains and discounts on prescriptions, OTC, and non-pharmacy items. These days especially, with generics and brands extremely costly, finding alternative distributors and savings on overstocked and short-dated drugs can be highly beneficial. Top businesses in any industry are meticulous with their expenses, and it pays off.

Takeaway: Despite the challenges of owning an independent pharmacy, you can use proven business principles and a little creativity to come up with ways to attract new customers, and get more sales out of your existing clientele. Take advantage of your size, freedom, and flexibility to provide a super personal and pleasant experience, and run your store in a customer-centric way that focuses on helping your number one source of revenue–your local community.  Before you know it, you may become the “go-to” neighborhood store that our parents and grandparents still fondly remember.This article originally appeared on the website Save Big Rx on Decenber 16, 2016.