Where have all the drugs gone?

Cardinal to acquire Dik Drug 

Ok - so the name of the post was a little misleading....   but you already clicked on it so read on.... 

http://www.drugchannels.net/2012/05/breaking-news-cardinal-health-to.html

"This deal is one more step in the long-running consolidation of the U.S. pharmaceutical distribution business. It also helps further boost Cardinal's business with smaller pharmacies. Dik is a closely-held and fairly secretive private company, so there's no official data on revenues, but most likely less than $2 billion."

Are you poised to take advantage of this growth? - As larger companies buy out the smaller distributors there is usually a decent percentage of business that will fall off as the new company enforces it's business policies and changes the model. 

The good news is that the MDS system will give you the tools to take advantage of this industry movement and build your own business..!!! 

Focus on Medical Industry Segments and Selling 
How MDS helps you to service that business 

 Here are just a few of the tools that will help you  focus and grow your business in the Pharmaceutical  Marketplace 

•Lot/Serial Expiration Date Tracking

•Integrated/Native Pedigree Management System (no interface to 3rd party)

•License Management

•Excessive Usage monitoring

•DEA/ARCOS and State Pharma Reporting

•EDI 852,810,844,850,855,855,832 - with customized mapping

•Rebates and Contracts

•ScanConnect Barcode inventory Management System 

•Custom Labels

•Custom Invoices

• Customized Usage Reports

For more information on TSH or MDS call The Systems House, Inc. at 1-800- MDS-5556. Or send a message to sales@tshinc.com

Click here and tell us how we can help you with your business solutions.

Home Health, the next big buyout?

Cardinal to buy medical supplier AssuraMed for $2.07 Billion

The acquisition will give Cardinal access to a new segment of the healthcare market that it believes will grow with the implementation of the Affordable Care Act, which is more commonly known as Obamacare.

AssuraMed will give Cardinal access to the growing number of Americans who are treated in home settings. The company expects this trend to accelerate under the ACA, Chief Executive Officer George Barrett said in a telephone interview.

An aging population, more prevalent chronic diseases, and the need to keep treatment costs down are factors that will necessitate more home care in years to come, he said.

"We see this as the natural direction of care that's moving toward the home," Barrett said.

AssuraMed, with sales of about $1 billion in 2012, serves more than 1 million patients nationally with more than 30,000 products. It helps patients manage insulin infusion, diabetes testing, incontinence, tube feeding and wound care, and provides a host of other healthcare services.

AssuraMed operates through two separate businesses, Independence Medical and Edgepark Medical Supplies.

The market for direct-to-home medical supplies is currently fragmented, and Cardinal is betting it can capitalize on it with this acquisition and its expertise in supply chain, logistics and technology.

Cardinal operates two business segments. The pharmaceutical unit, which generates the bulk of its revenue, delivers drugs to retail pharmacies, hospitals, mail-order facilities, surgery centers, physician offices and other healthcare facilities.

The slower-growing medical unit supplies medical-surgical products, as well as replenishable items such as gowns, gloves and surgical drapes, to hospitals.

"The fact that Cardinal has undertaken a transaction of this size is evidence of increased confidence in (the company's) Medical turnaround and improves prospects for the business going forward, which should relieve some of the Street's fears related to the Medical business," Ross Muken, senior managing director and partner at ISI Group, wrote in a research note.

Are you poised to take advantage of this growth? - As larger companies buy out the smaller distributors there is usually a decent percentage of business that will fall off as the new company enforces it's business policies and changes the model. 

The good news is that the MDS system will give you the tools to take advantage of this industry movement and build your own business..!!! 

Focus on Medical Industry Segments and Selling
How MDS helps you to service that business 

 Here are just a few of the tools that will help you  focus and grow the the LTC/Home Health Segment 

•Recurring orders

•Patient Identification

•Third Party Billing Detailed Invoice level export

•Consolidated Billing

•Monthly Billing

•Master A/R

•Pricing by Facility/Contracts

•Contract Management

•Pharmacy

•ScanConnect Barcode inventory Management System 

•HCHB (Home Care Home Base) Interface

•Custom Labels

•Custom Invoices

•Usage Reports

For more information on TSH or MDS call The Systems House, Inc. at 1-800- MDS-5556. Or send a message to sales@tshinc.com

Click here and tell us how we can help you with your business solutions.

Trying to keep on top of your bills- Here is how we can help!

New Accounts Payable Payment schedule lets you see who to pay and when..  

Cash flow is always an issue for any business but staying on top of open invoices is now easier then ever with the updated MDS Accounts payable payment schedule. With a simple click and drill down approach you can now easily view open invoices and vouchers to pay , then create a list of items to cut a check. 

For more information on TSH or MDS call The Systems House, Inc. at 1-800- MDS-5556. Or send a message to sales@tshinc.com

Click here and tell us how we can help you with your business solutions.