Regulatory Changes for Pharmaceutical Distributors Are Here and More Are Coming
Is Your Company Ready?
The wholesale distribution of pharmaceuticals is exposed to increasing regulations and controls, which can raise costs and lower profits. Competition is fierce. Fill orders faster and cut down on needless paperwork to stay competitive with TurningPoint Systems’ ProfitPoint/Rx ERP, built from the ground up for distributors of pharmaceutical products.
TurrningPoint Systems announces a selection of new modules that will help you increase profitability in spite of the current and coming regulatory changes. These modules are available as standalone products or as part of a suite of enhancements to its already industry-leading pharmaceutical distribution ERP. ProfitPoint/Rx.
Rx E-Fill Modules
- Express Certified Electronic Ordering Module – A web portal ordering system that supports the expedited electronic ordering of pharmaceuticals including controlled substances
- SOM-Track – Suspicious Order Monitoring – Logic-based examination of orders to identify and monitor sources of suspicious orders.
Our new portal features automate customer ordering, reduces errors, reduces order approval time and time to shipment while remaining on the lookout for suspicious orders. Automatic cross-referencing of customer’s internal item numbers with the National Drug Code for ordering, buying, credit returns, merchandise returns, and inquiry purposes allows for improvements in productivity lowers operating costs and increases profits. Now get fully automated customer authorization, product release authorization, product verification, product tracking, and document production and archiving for FDA and DEA reporting and auditing.
Chargebacks and Rebates-Plus Module – An ERP plug-in that permits the automated calculation of manufacturer chargebacks and rebates.
Chargebacks and rebates offer substantial opportunities to capture increased profits, but you have to identify them and submit timely claims or they are lost. Improved rebate and chargeback revenue capture, with reduced labor for tracking and submission. ProfitPoint/Rx offers comprehensive contract management, automatic tracking for all hospital shipments and calculation of appropriate charge-back fees to be posted to Accounts Payable or Accounts Receivable. ProfitPoint/Rx also provides for Group contracts to manage manufacturer and merchandising arrangements.
EDI for Rx
A new expanded menu of data exchange protocols and network partner collaboration based on Rx industry standards (HDMA ASN and GS1 EPCIS). Included:
- HDMA EDI ASN 856 protocol for DEA Level 1 Traceability compliance
- Legisym 850 CSOS PO (Class 2) certification validation and order submission.
ProfitPoint/Rx leverages the confidentiality, accuracy, and availability of company data with electronic data exchange. ProfitPoint/Rx can transmit data electronically via industry-standard EDI X12 for purchase orders, chargebacks, and other transactions.
For more information contact Jim Nagle at TurningPoint Systems – (781) 439-5582