Benasource Forms Strategic Alliance with Pharmacy Benefit Administrator AXE Rx
New partnership promises member pharmacies low-cost alternatives for customer loyalty programs and more
TAMPA, Fla., July 16, 2021 /PRNewswire-PRWeb/ -- Benasource, a Tampa Bay-based provider of group purchasing solutions, proudly announces that it has joined together with AXE Rx—a privately owned and operated PBA, headquartered in Mount Laurel, New Jersey—in efforts to give independent pharmacies the innovative purchasing solutions they need to compete on a more level playing field with large chain stores.
As Benasource President Vinesh Darji explains, the ability to swap out "not-so-pharmacy-friendly coupons" is often a pain point for independent pharmacists looking to reduce costs, but not any longer.
"AXE Rx has successfully launched and administered many nationally known direct-to-consumer pharmacy saving programs, saving consumers millions in the process," Darji said. "That same principle applies as we look to extend our own member-driven programs for ensuring comparatively favorable cost reimbursement rates at a fair profit with every transaction."
According to Al Branca, President of AXE Rx, the partner companies also share the mutual goal of making sure both pharmacy and patient remain compliant at every stage: "We believe that no one should overpay for their needed medications, and that passing the negotiated savings on to cardholders is the right thing to do."
"Our foremost cause is to bring transparency to prescription medication pricing," he continued. "That way, there's no longer a need to lower cash prices in order to keep patients on top of their medication regimens."
Unlike PBM discount programs, which can put pharmacies in the red from time-to-time, the framework for the Benasource/AXE Rx alliance assures that the order-originating pharmacy receives compensation per claim, no matter where the prescription is filled.
"While it's great to be doing business in the black again, it's even better to avoid going into the red from the beginning," summarized Darji. "We stand ready to help our partners achieve their financial goals and get back to what they do best."
For details, visit http://www.benasource.com or begin the conversation at [email protected]. To learn more about AXE Rx, call the AXE Rx toll-free "Loyalty Line" at 800-727-1973 or visit http://www.axerx.com.
About Benasource. Benasource represents a singular approach in group purchasing that enables independent pharmacies to achieve their financial goals by reducing their annual cost of goods by 2-3 percent. Powered by strategic alliances with wholesalers and vendors of every stripe, membership is renewable on a year-by-year basis, free of long-term contracts. Other features of the program include low minimum purchase requirements and access to preferred partners in marketing, digital media, and other areas to help support organic growth.
About AXE Rx. AXE Rx is a privately owned and independently operated pharmacy benefit administrator ("PBA") located in Mount Laurel, New Jersey. The company develops and maintains innovative technology platforms, APIs, search tools, and marketplaces to support pharmacy savings programs with member independent pharmacies and their cardholders. Services include pharmacy contracting, pharmacy network management, price list management, pharmacy switch transaction routing, plan design, group setup, claim adjudication and processing, invoicing and collections, pharmacy helpdesk and customer service call centers.
Media Contact
Swati Patel, Benasource LLC, +1 8133316825 Ext: 1101, [email protected]
Vinesh Darji, Benasource LLC, 8133316825, [email protected]
SOURCE Benasource LLC
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