by Daniel Webster, dWeb.News Publisher
Orlando, FL, October 21, 2021 –(PR.com)– The constant dilemma confronted by pharmacy procurement management teams of determining how and where to source pharmaceutical products is getting some much-needed alleviation from the MedShorts marketplace. Blake Powers, president of MedShorts, stated that the pandemic increased the vulnerabilities of medical supply chains and presented new challenges to pharmacy teams responsible for maintaining adequate stocks of essential medicines. He said, “I’m delighted we can offer a solution for two of the most important pharmacy procurement issues of today – drug accessibility and cost reduction.”
The ASHP case study provides a summary of the challenges, solutions, and outcomes. This study examines the impact of the pandemic on pharmacy procurement management. As drug prices have increased by threefold in the past decade, pharmacy staff face many challenges.
Additionally, drug procurement teams continue to struggle to determine inventory availability and specific order requirements across multiple manufacturers, including minimum orders, shipping and handling fees.
The solution is to use new technologies that allow for better organization and management of cost containment initiatives. This will give suppliers and providers greater flexibility. MedShorts was created to match excess drug supply from manufacturers to individual pharmacy needs to provide discounted opportunities for pharmacies. Powers stated that the outcome results in substantial drug cost savings and new sourcing opportunities.
Another positive outcome that the Los Angeles County Department of Health cited was greater innovation, especially with new technologies, to increase sourcing and save money. Mark Burstyn (PharmD) and Pharmacy Supervisor at the Los Angeles County Department of Health stated that they are always on the lookout for new ways to improve sourcing options and MedShorts was one of those solutions.
MedShorts, an Orlando-based online marketplace provider, specializes in connecting pharmacies and pharmaceutical manufacturers to source short-dated or short-supply medication. For more information about MedShorts, please see the company’s website: http://www.MedShorts.com
Blake Powers is the President of MedShorts and a familiar leader in the healthcare industry in the Central Florida area. His experience includes software development and pharmacy operations. Before co-founding MedShorts he was a lead pharmacy technician at a national home infusion pharmacist. Two degrees in Finance and Entrepreneurship from Florida State University and an MBA from Rollins College Crummer Graduate School of Business are his qualifications.
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