Encountering record use of its online pharmacy tool platform, ChainDrugStore.net announced an ongoing expansion of its offerings from its Springfield, Virginia, headquarters on Thursday.
ChainDrugStore.net will roll out its HUB.pharmacyfocus.com in the second quarter of 2015. This initiative will allow all pharmacy supply stakeholders to streamline their interaction with pharmacies to facilitate purchasing, dispensing, reimbursement and contracting tasks. ChainDrugStore.net provides messaging platforms, a verification network, wholesaler portals and analytic capacity to manufacturers, wholesalers and payers who need to analyze, understand and manage their pharmacy activity.
HUB.pharmacyfocus.com will continue the company’s focus on messaging, credentialing, pricing, revenue management, analytics and “Integrated Industry Partners” to include leading data sources. Its main focus will be to service manufacturers, commercial and government payers, pharmacy benefit managers, federal agencies, state governments and industry associations.
In a joint venture with Pathria Analytics LLC, ChainDrugStore.net has also introduced Glass Box Analytics, LLC in order to include the drug pricing benchmark Predictive Acquisition Cost, a standard now gaining use throughout the industry.
The company, founded in 2000, strives to maximize business relationships between manufacturers and retail chain pharmacies. It has since evolved into the pharmaceutical industry’s essential link between pharmacies and more than 300 manufacturing and managed care organizations.