Smart Pharmaceuticals e-Commerce Marketplace
Enjoy True Price Transparency with Pharmacy-Acquisition-Cost (PAC™)
You are probably familiar with Wholesale Acquisition Cost (WAC) for brand pharmaceuticals. Pharmacy Acquisition Cost (PAC™) works the same way for generics. With PAC, you’ll always know if the price you’re paying for generics is fair compared to national averages.
PAC was developed by Trxade’s expert team and is an exclusive benefit to membership with Trxade. Your search results will always give you a bird’s-eye view of national average costs across both brand and generic pharmaceuticals – so you are never in the dark about pricing.
PAC takes into consideration hundreds of thousands of pieces of data each day. Data sources include (but are not limited to):
- Surveyed pharmacies
- Voluntary participating wholesalers
- Statistical dispensing activity
- Disposal costs
In most cases, these averages include rebates, discounts, and retail pharmacy product acquisitions based on size and existing supplier contracts.
Pharmacy-Acquisition-Cost (PAC™): National Average for Rx Costs
On Trxade.com, we offer you the opportunity to search and view actual PAC™ pricing on pharmaceuticals. PAC™ (Pharmacy Acquisition Cost) pricing is the proprietary national average price for pharmaceutical products at the pharmacy level and is an excellent way for pharmacies to determine if they are paying fair prices through their current suppliers.
What is PAC™ Pricing?
PAC™ stands for: Pharmacy Acquisition Cost and is a benchmark for pharmacies to determine if they are paying fair prices on their generic pharmaceutical product purchases compared to the acquisition cost of their peers for the same products. PAC™ is to generics as WAC is to brand pharmaceuticals. Always remember WAC-PAC™ whenever you buy pharmaceuticals.
How is PAC™ Pricing Calculated?
Trxade’s PAC™ pricing model is a proprietary formulation that takes many factors and components into consideration. Varying data streams are incorporated which include, but are not limited to surveyed pharmacy data, voluntary participating wholesaler data, statistical dispensing activity, and disposal costs to name a few. These averages, in most cases, are inclusive of industry rebates, discounts and retail pharmacy product acquisitions based on size and existing supplier contracts. The result is the most comprehensive, accurate and true product pricing data available in today’s marketplace.
How can PAC™ Pricing Benefit My Pharmacy?
PAC™ Pricing is an analytical benchmark much like WAC (Wholesaler Acquisition Price) that can be used to determine if the product prices offered by your existing supplier are higher, lower, or in-line with the prices offered by some of the most competitive suppliers nationwide. Most pharmacies purchase from one or two suppliers but have no way to compare product pricing or to be confident that they are paying fair product prices. By comparing your suppliers current acquisition cost of a product, to the PAC™ Pricing of the same product, you can make better educated purchasing decisions.
Why Does Trxade.com Lowest Current Price Show in the PAC™ Pricing Search Results?
Trxade.com allows you to shop and compare some of the nation’s most competitive suppliers for best pharmaceutical product prices with one search. As a member of Trxade, you can submit orders directly to these suppliers. The Trxade.com Lowest Current Price shown is the actual price currently available on Trxade.com and is often comparable or lower than the industry PAC™ Pricing.
Why do you ask for my DEA to access Trxade.com?
Our systems and data contain proprietary information that is only accessible to licensed pharmaceutical retail buyers. Entering your DEA number allows us to verify that you are legally allowed to view our site data. This also prevents the public (patients, PBMs etc.) from accessing such an important industry pharmaceutical acquisition cost data.
Is PAC™ Pricing Real Time Data?
Pharmaceutical product pricing is constantly changing. Our data is configured and updated daily to provide you with the most comprehensive and up-to-date industry product pricing available. This constant data update frequency allows buyers to make immediate cost comparisons and purchasing decisions based on real pricing; not on data that is outdated, as is the case with most industry pharmaceutical pricing comparison modules.
If the price I am currently paying for a product is higher than the PAC™ Pricing shown, does this mean I am paying too much for this product?
Pharmaceutical prices do change on a constant basis; however, if your comparison current acquisition cost available through your supplier is higher than the current PAC™ Price shown for that same product, then the price offered by your supplier likely to be higher than the national fair prices available to your peers.
What Can I Do with this Knowledge?
You can shop better, smarter and with real confidence. For the first time, retail pharmacies have accurate information that can benefit them when negotiating contracts or daily purchasing of their medications. It is a simple method in which to train your staff to monitor costs and build operational efficiency.
Regain Control of your Pharmacy with Trxade’s Pharmacy Solutions
Trxade is the leading pharmaceuticals e-commerce marketplace that offers pharmacies a complete solution to manage costs, maximize savings, and complete purchase orders across suppliers, all while staying on top of real-time industry pricing trends.
- True price transparency – PAC™ offers you a view of national pricing averages
- Pedigree compliant suppliers – 50+ vetted wholesalers paying to compete for your business
- Bulk price comparison tools – Compare up to 75 NDCs across 50+ suppliers at once
- Pharmacy-first platform – Designed specifically for pharmacies, with your success in mind
- Same purchase terms, same shipping, better prices
Supplier Pedigree
Trxade allows you to compare prices across more than 50+ pedigree compliant Rx wholesale suppliers. Each of Trxade’s pharmaceutical wholesale suppliers undergoes a rigorous vetting process, ensuring that each one is 100% track & trace compliant. Our secure Rx price comparison shopping portal is designed with pharmacies in mind, so you can shop and save with peace of mind.
Read more about our Quality Suppliers here.
Rx Price Comparison Tools on Trxade’s Pharmacy-First Platform
The Trxade platform offers true price transparency, industry leading cost comparison tools, and advanced search features that puts you in control of Pack Size, Strength, Manufacturer and more.
Offering the industry’s fastest suite of Rx price comparison tools, the Trxade marketplace allows pharmacies to:
- Compare suppliers and manufacturers
- Search by Pack Size, Strength, or NDC match only
- Filter by price, manufacturer or supplier
- Search and submit purchases 24/7
- Obtain a clear view of Pharmaceutical Acquisition Costs (PAC™) only on Prime tools
- Type, scan, or upload files for fast price comparison of common purchases
- See trending NDCs
- Receive great deals on products that expire in 12 months – save up to 98% vs. long-dated products
- Track orders
- Search each supplier’s first catalog for additional pharmacy supplies
Thousands of pharmacies nationwide take advantage of the incredible savings made available to them through the Trxade Rx comparison shopping portal. Trxade offers everything you need to save thousands, on one straight-forward platform.
Finally, you can avoid negative reimbursements, make informed purchasing decisions, buy with confidence and run a more successful pharmacy.
