ValueCentric and PDX-Rx.com Announce Partnership to Greatly Expand
Manufacturer Data Availability with Script Reporting and Compliance Program
Offerings.
Orchard Park, NY (February 12, 2008) – ValueCentric, LLC®, the leading provider of
on-demand data management and performance analytics services to the pharmaceutical
industry and PDX-Rx.com, the leading pharmacy technology provider to the retail
pharmacy segment, today announced a partnership for data sharing and reporting that will
link ValueCentric’s trade related data and services with store level script data and
compliance & persistency programs offered by PDX-Rx.com.
The new data services will be jointly marketed to manufacturers. The services will
integrate PDX-Rx.com script data from their participating customer base into the
ValueTrak Unified Data and Services Platform. This script activity out of the stores will
be linked with commonly reported trade sales (EDI 867 detailed sales) into the stores. As
a result of this partnership and the respective data integration, manufacturers will achieve
an unprecedented view of sales across their supply chain beginning with their sales into
the trade all the way to prescriptions out of the stores. No other service offering of this
nature exists in the market today that matches the daily updating and real time access of
this comprehensive and vital information. In addition, with PDX-Rx.com’s store level
marketing programs, the two companies will actively promote Compliance & Persistency
(C&P) programs to manufacturers.
C&P program performance reporting will be available through the on line ValueTrak
Platform with daily updates and clear ROI metrics in place. The new service offerings
will be available to all manufacturers. Current ValueCentric customers will benefit by
linking their trade data to script level reporting, but those that utilize other data
management systems or no system at all will be able to access the new services in an on-
demand model.
PDX-Rx.com manages store level data that covers over 25% of all US market
prescriptions and counts over 50 chains and 11,000 store outlets as customers. Apart
from the volume associated with some of the largest pharmacy retail chains, PDX-
Rx.com data represents many independent pharmacies as well as some of the country’s
largest mass merchandiser and grocery-pharmacy chains. In turn, ValueCentric provides
unique analytics to the world’s largest pharmaceutical manufacturers and will now be
able to provide script level analytics to help manufacturers increase patient compliance
and refill rates on prescribed medicines in the U.S. market.
Dave Janca, Founder & CEO of ValueCentric commented “the partnership between
ValueCentric and PDX-Rx.com expands manufacturers’ visibility of their product
movement into the supply chain to include the prescription leaving the store. The linking
of trade data with prescription data along with compliance programs provides unique
options to manufacturers allowing them to truly manage their products from initial
shipments to the trade through to how they impact script compliance rates. This
visibility and reporting can now be accomplished through one solution, ValueTrak. We
are extremely pleased to be able to partner with such a well respected company as PDX-
Rx.com that has been serving pharmacy for over 20 years.”
Steve Friedman, Vice President, Pharmaceutical Trade Relations at PDX-Rx.com stated
“this partnership is a natural union of data and programs that PDX-Rx.com manages for
our pharmacy customers, with the needs of manufacturers to obtain full visibility of their
products. It allows them to monitor and report at each step in the supply chain, drive
improved patient care with higher compliance rates, increase sales and profitability and
have one common, easy to use platform on which to manage all the data.” He added “we
have always worked to provide a strong return on investment (ROI) to our pharmacy and
manufacturer customers and we are pleased to say that this partnership is based on a solid
and sustainable ROI”.
The ValueTrak Platform is SAS70 Certified and Sarbanes-Oxley compliant.
About ValueCentric:
ValueCentric, LLC® is the leading provider of on-demand data management and
performance analytics services to the pharmaceutical industry. Through its secure,
Sarbanes-Oxley compliant ValueTrak Unified Data & Services Platform the company
analyzes industry orders, sales activity, inventory, service levels, chargebacks, returns, e-
pedigree & RFID data, prescription data and unique supply chain data. Serving world-
class customers such as AstraZeneca, P&G Pharmaceuticals, Johnson & Johnson and
Schering-Plough ValueCentric’s best-in-class technology strengthens and enhances the
profitability of relationships between suppliers and the finished goods forward
participants in the pharmaceutical supply chain. To learn more, please visit
www.valuecentric.com or contact Joe Bovi, Vice President, Sales at (781) 771-9827.
About PDX:
PDX, Inc., a subsidiary of National Health Systems, Inc., was established in 1985 and
continues to build on its commitment to retail pharmacy and patient care. Providing
excellence in pharmacy software technology and services, PDX addresses the
requirements of high volume prescription filling and the pressing demands of third party
processing. Over 11,000 retail drug stores use PDX software technology to fill, bill, and
track prescriptions.
About Rx.com:
Located in Fort Worth, Texas, Rx.com Partners, LP — an affiliate of National Health
Systems, Inc. — provides an integrated suite of technology and services to the pharmacy
industry including retail-based mail order and traditional central fill services; pharmacy
workflow technology; an electronic, web-enabled healthcare record; centralized data
files; medication therapy management (MTM), pharmaceutical manufacturer
performance programs; and electronic prescription technologies. Comprising a single,
integrated solution no other single provider or group of technology providers can offer,
the Rx.com suite of products and services is specifically engineered to reinforce
Pharmacy’s trusted role in healthcare as it enhances profitability, regains ground lost to
PBMs, and delivers better patient care.
To learn more about PDX-Rx.com, please contact Steve Friedman, Vice President,
Pharmaceutical Trade Relations at sfriedman@rx.com or (845) 638-9609.