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eRx Network Now Offers Pharmacy First!
FORT WORTH, TEXAS (June 25, 2002)
eRx Network has teamed up with Pharmacy First to offer all their customers an exciting program that can provide enhanced profitability through Pharmacy First's Market Share Rebate Program. Customers of eRx Network can provide non-patient identifiable information to Pharmacy First to participate in specific drug programs that can generate significant revenue for their pharmacy.
Pharmacy First rebate payments for third quarter 2001 reflected a dramatic rise in dollar earnings for stores that are actively transmitting prescription data through the network. On average, member pharmacies are now earning over $600.00 per quarter, with the highest earning store recently receiving payment of over $7,000.00 for this single three-month rebate cycle.
A review of network performance has shown that the highest earning pharmacies have implemented patient persistency and compliance strategies that work to increase a prescription's total yield. Of the top 100 drugs dispensed in retail pharmacies, over 30 are brands eligible for earning network rebates, enabling pharmacies actively involved in patient care to maximize earnings. These pharmacies are achieving tremendous financial results while improving therapeutic outcomes for their patients.
Another factor for rising rebates has been the steady, but selective, enrollment of new pharmacies into the network. Only those pharmacies that have the ability and willingness to perform well in the program are sought for membership, since poor performers bring down aggregate earnings for the entire network. This strategy is allowing the network to grow into a large, yet select group of innovative and entrepreneurial pharmacies that have the desire to succeed in the program.
About eRx Network – Innovative solutions for pharmacy
eRx Network is a premier provider to the U.S. pharmacy industry of a secure, reliable and performance oriented network for e-commerce applications. eRx provides a number of productivity enhancing services including online and Internet switching of third party claims, value proven pre- and post- edit services, claims reconciliation services, electronic prescribing solutions, Medicare/Medicaid DME billing, and Medicare eligibility verification.
For more information about eRx Network, call toll free 1-866-379-6389, contact us or visit www.erxnetwork.com.

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