May. 21, 2018
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.
Pharma-Bayï¿½s PACï¿½ 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 todayï¿½s marketplace.
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 have the ability to make better educated purchasing decisions.
Trxade.com allows you to shop and compare some of the nationï¿½s most competitive suppliers for best pharmaceutical product prices with one search. As a member of Trxade, you have the ability to submit orders directly to these suppliers. The ï¿½Trxade.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.
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 general public (patients, PBMs etc) from accessing such an important industry pharmaceutical acquisition cost 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.
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.
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.