The Scenario
In the highly-competitive pharmacy business, companies of all sizes are looking
for ways to cut costs, increase efficiencies, and "find money" by streamlining
their processes. One area that is often overlooked is management of
overstocked, left over, or outdated drugs.
Most pharmacies entrust this extremely important process to outside vendors who
generate significant earnings through handling these unwanted drugs. And most
third-party drug returns companies do a decent job of managing
this for their clients. But even the best returns companies can
have high return rates, and the bad ones...well, it's obvious there are more
issues to deal with than just cost.
The Complications
Pharmacies who use the conventional drug returns model - the third-party vendor
- are generally unaware of exactly how much money they're paying to outside
vendors to manage their returns. The common thinking is it's not worth the
hassle to do it in-house, so ship it off to someone else to manage.
Aside from the perceived time demands, many of these pharmacies outsource their
drug returns because they don't want to deal with the paperwork, and they
certainly don't want to reference the most current returns policies from the
manufacturers. Who has time for that?
Another consideration is staffing. Who wants to pay someone to look up returns
policies, fill out paperwork, and verify inventory for the sake of a few bucks?
Could you expect to break even on that proposition?
These are just a few of the issues that have persuaded pharmacies to outsource
their drug-returns headaches.
Taking the Headaches Out of
Drug Returns
The Standard™ is changing the way drug returns get done. Offering both
conventional third-party drug returns (at only 4.9% - no hidden fees) or
the amazing do-it-yourself drug returns software, The Standard™ is putting the
pharmacy back in control - inventory control, revenue control, timing control,
reporting control.
Whether you want to ship it to UDRC for ultra-low cost drug returns services or
manage the process yourself through The Standard™ drug returns software, UDRC
can save you time and money. Click here for an overview
of how The Standard™ can revolutionize how you do drug returns.
