In the News
Two Specialty GPOS Partner to Leverage Buying Power
TWO SPECIALTY GPOS CREATE A PARTNERSHIP TO LEVERAGE COLLECTIVE BUYING POWER FOR BRAND AND GENERIC DRUGS FOR INDEPENDENT PHARMACIES Two group purchasing organizations (GPOs) have united to form a unique partnership that will open new channels of distribution for independent pharmacies and lower costs across the nation. As of July 1, DermSource, a dermatology GPO ... read more
DermSource, an Rx Drug Industry Disruptor
It's been one year since DermSource launched, and boy what a ride it's been. With a broken healthcare system leaving independent pharmacies stranded, DermSource was there to help fight the battle. We are humbled by all of the support we have received thus far. To all of our loyal members who give us a reason ... read more
Governor Should Sign America’s Toughest Prescription Drug Legislation
Read the article that was published by Gotham Gazette as I chime in my opinion on Governor Cuomo to sign America’s toughest prescription drug legislation. With the rise of skyrocketing drug pricing and a decrease in quality of care, PBM’s are continuing to choke out the healthcare system.
DermSource Save Neighborhood Pharmacies Money on Skyrocketing Costs
Very excited for Business Wire to publish an article showing the success DermSource has had thus far. In our first four months, we have sold over 65,000 products to 200+ independent pharmacies across the nation. DermSource is making headlines as we offer products to our members 30-50% below competitors. Check out the full article below! ... read more
Launch of Dermatology GPO DermSource a Success
Thank you to Cision - PR Newswire for publishing DermSources launch. We are very excited to bring transparency and true value to independent pharmacies across the nation. Join now for a free membership and lets put the purchase power back into the hands of the pharmacy. Read the article below! Bahrum Siddiqui - COO, DermSource ... read more
What is a Dermatology GPO
I mentioned in my first blog that it was a surprise to me that some owners of independent pharmacies didn’t know what a GPO was. I think it’s worth explaining – literally ($). GPO stands for a Group Purchasing Organization. There are all kinds of GPOs. Some represent groups that purchase hospital supplies, building and ... read more
The Beat Goes On…
When we started DermSource we decided we weren’t going to sit at our desks and live in a virtual world. We want to meet, get to know, and interact with our members – face to face. As you know from my first blog, it began with the annual NCPA show in Boston at the Hynes. ... read more
Surviving Reimbursements
These are demanding times for independent pharmacies and their customers. The cost of doing business is rising and the stakes are getting higher. Both parties suffer from reimbursement issues, whether it's related to Medicaid, PBMs, or patient copays. The cost of doing business is going in one direction, up. I spoke to a pharmacist who ... read more
Independent Pharmacies Seeking “Safe Harbor”
Recap of NCPA 2018 – October 7-9 – Boston Hynes Convention Center While exhibiting at the NCPA 2018 Annual Convention this year we observed a change in the air. A certain tension among Pharmacists representing independent pharmacies who were listening at a heightened level of interest to new opportunities and alternative ways to do business. ... read more
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