Pharmacy Program
From injectable, oral and topical medications to total parenteral nutrition products, Medbuy's Pharmacy Program is one of the most comprehensive and competitive GPO offerings, providing Members significant savings and generous rebates on more than 3,500 SKUs across a full range of product classes and supplies.
Members also benefit from the strength of our Pharmacy team, which has a deep understanding of pharmacy sourcing, the hospital pharmacy environment, clinical issues and industry trends. But throughout the sourcing process, our membership is also able to ensure the best possible result by participating on the Pharmacy Committee. The Pharmacy Program also has the added benefit of its Buyers Committee, which evaluates the technical impact of contract awards. It's a unique, consultative contracting process that allows Members to offer input, advice, expertise, and ultimately, make purchases that best meet their needs.
Program Highlights:
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56 Pharmacy contracts were awarded in 2008, which will result in more than $93 million in savings over a 39-month term
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Members have the opportunity to participate in our more than 70 contracts
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Strong support for important industry initiatives such as our participation in, funding and endorsement of the Canadian Pharmaceutical Bar Coding Project - a joint initiative of the Canadian Patient Safety Institute and the Institute for Safe Medication Practices
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Funding for Members to attend educational events and the provision of grants for pharmacy practice research through Medbuy's $1 million Research, Education and Development (R.E.D.) Fund
One-of-a-kind Member Benefits:
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Achieve the best possible overall value through invoice savings, rebates and value-adds
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Member-only access to a web-based spend management system, which features a contract management module and an easily searchable electronic product catalogue. Collectively, these tools help increase efficiencies within your Pharmacy team
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Member support from a team of pharmacy contracting specialists that includes Licensed Pharmacists and Pharmacy Assistants that collectively have over 75 years of hospital-based experience
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Weekly reporting of contract amendment notifications, supplier backorder reports, Member drug, product or service issue case summaries and real-time reporting of product recalls
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Transparent quarterly-based financial reporting and distribution of rebates
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Regular networking opportunities with peers from across Canada
