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Stauffers Pharmacy |
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"You guys have been excellent to work with and responsive to our needs. You really dialed into our local market with Price-It. We saw an immediate increase in our cash-sales margins and an improved margin on 3rd party reimbursements resulting in a considerable profit increase overall. Our balance sheet looks a lot better this year with Net-Rx." |
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Schwieterman’s Pharmacy |
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"As a pharmacy owner, PriceIt gives me confidence that all prescriptions are correctly and competitively priced, regardless of who processes the order." |
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Cash Price Management |
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Price-It Rx utilizes a traditional third party switch network to deliver real-time cash pricing consistent
with local competition. Prices on all drugs are determined through a comprehensive market review performed by one of our professional analysts, and a consultation with the pharmacy to establish their core business drivers. Price-It Rx creates uniform, competitive pricing resulting in higher consumer confidence and a reduction of in store labor,allowing the pharmacy to maximize profits, while also insuring the highest possible reimbursement on third party transactions.
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| Price-It Rx Benefits Include: |
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 A customized market analysis based on core business drivers
100% automated transactions, reducing counter wait times
Real-time processing, reflecting the latest market changes
Drastic reduction in pharmacy system overrides
Increased customer loyalty
Intuitive pricing utilizing demographic data, and competitive market research
Maximizes 3rd party reimbursements
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| Your PriceIt consultant will work with you to create a customized revenue enhancing program from the following tools: |
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Real-time custom cash pricing of over 1,200 drugs based on your local market |
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30-Day MatchIt program in response to $4 programs, with any price point you |
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choose (utilizing the Wal-Mart drug list) |
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90-Day Plan custom packages with your custom pricing (utilizes a specialized |
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drug list created and maintained by Net-Rx to maximize profits) |
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120-Day Plan custom packages with your custom pricing (utilizes Net-Rx |
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drug list) |
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100-Count Plan custom packages with your pricing (utilizes Net-Rx drug list) |
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| How It Works |
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A Net-Rx Pricing Specialist researches your local market data to gather |
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competitive rates |
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Your Net-Rx Pricing Specialist works with you to determine initial pricing |
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parameters, aligned with your business and pricing philosophies |
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Your customized pricing model is loaded into the Price-It database |
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Like a traditional third party, Price-It works in your pharmacy system using |
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NCPDP standard transaction code sets |
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Cash purchases are adjudicated online and Price-It provides your custom price |
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in real time |
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An optional transaction fee can be added to price, to help offset the cost of the |
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service |
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