Benasource and IPC Form New Partnership in Group Purchasing Solutions

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Leading-edge collective to enhance member profitability by advancing new rebate structures on drug purchases

Benasource, a member-driven, pharmaceutical solutions provider, dedicated to reducing costs of goods, is proud to announce it has joined forces with Independent Pharmacy Cooperative (IPC)—the largest GPO of its kind in the nation—to take another bold step in bringing competitive drug pricing into balance.

The first fruits of the new partnership will be borne out in additional rebates paid back to Benasource-member pharmacies that purchase drugs from IPC.

“Participating independent pharmacies will benefit from a generous rebate structure,” explained Vinesh Darji, President. “It’s a framework that gives current and new partners the ability to save additional dollars in pharmacy spend—this being the value exchanged in return for joining IPC through the partnership.”

From the perspective of Jason Spavin, VP of Strategic Alliances for IPC, the move to team-up with Benasource lines-up perfectly with the company’s stated principle of “returning the full percentage of earned rebates back to member pharmacies.”

He continued, “Over the past 35 years, IPC has grown to stand for the interests of more than 6,000 independent pharmacy members, offering comprehensive distribution purchasing opportunities from our onsite warehouse facilities in Wisconsin and Arizona, as well as providing contracted access to top-industry vendors for services and products, including prescription vials and automation.”

In short, those advantages enable independents to compete on favorable terms with mass merchandisers and large chain stores as a means to do more than survive but thrive in the marketplace.

“IPC provides everything you need to make your pharmacy profitable,” Jason Spavin said.

Darji sees it much the same way. In his words, what Benasource does in bringing together the combined purchasing power of independents to diminish annual cost of goods by up to 2-3% fits perfectly alongside IPC’s offerings.

“We take care of the costs, so our pharmacy partners can take better care of their customers and improve outcomes,” reasoned Darji. “Their success is our success.”

A sentiment shared in common by both companies.

To learn more about IPC, visit ipcrx.com. For details about Benasource, visit http://www.benasource.com or begin the conversation at info@benasource.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 IPC. Founded in 1983, IPC is now comprised of nearly 6,000 members, making it the largest GPO of its kind in the nation. With 100,000+ square-foot facilities in Sun Prairie, Wisconsin and Phoenix, Arizona, IPC has the resources necessary to put profits back into the hands of independent pharmacy owners, distributing more than $200 million in cash disbursements in 2019 alone. IPC serves to represent the best interests of its many partners, actively supporting legislation to secure the pharmacist’s role as an essential healthcare provider.

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Swati Patel
Benasource LLC
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