Outsourcing Pharmacies: A Solution to High Drug Prices

As drug prices continue to rise, many patients are struggling to afford the medications they need. One solution that has gained popularity in recent years is outsourcing pharmacies.

An outsourcing pharmacy is a type of pharmacy that partners with healthcare providers, insurance companies, and pharmaceutical manufacturers to offer patients a wide range of medications at a lower cost than what they would be able to purchase directly from a manufacturer or a brick-and-mortar pharmacy.

One example of an outsourcing pharmacy is ScriptMyMeds, which was founded in 2014 by Dr. Chris Martin, a physician who had seen firsthand the challenges that patients faced when trying to obtain medications on a regular basis. He recognized that many patients were unable to get the medications they needed due to cost or time constraints, and he wanted to create a solution that would make it easier for them to access the medication they needed.

ScriptMyMeds partners with healthcare providers, insurance companies, and pharmaceutical manufacturers to offer patients a wide range of medications at a lower cost than what they would be able to purchase directly from a manufacturer or a brick-and-mortar pharmacy. They also offer free shipping on orders, which can save patients money and time. Additionally, ScriptMyMeds has a team of trained pharmacists on staff who can answer questions and provide guidance about medications.

Another example of an outsourcing pharmacy is PillPack, which was founded in 2014 by George Pruitt, T.J. Mackin, and Mark Levine. They saw an opportunity to make it easier for patients to obtain their medications on a regular basis by offering a convenient and affordable way to purchase prescription drugs.

PillPack partners with healthcare providers, insurance companies, and pharmaceutical manufacturers to offer patients a wide range of medications at a lower cost than what they would be able to purchase directly from a manufacturer or a brick-and-mortar pharmacy. They also offer free shipping on orders, which can save patients money and time. Additionally, PillPack has a team of trained pharmacists on staff who can answer questions and provide guidance about medications.

One of the main advantages of outsourcing pharmacies is that they are able to offer competitive pricing on medications due to their large purchasing power. They can negotiate lower prices with manufacturers because they purchase medications in bulk. This means that patients can often get the same medication from an outsourcing pharmacy at a lower cost than they would be able to purchase directly from a manufacturer or a brick-and-mortar pharmacy.

Another advantage of outsourcing pharmacies is that they provide a high level of customer service. They typically have a team of trained pharmacists on staff who can answer questions and provide guidance about medications. They may also offer additional services such as medication therapy management and insurance assistance.