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Newsletter – March 2016

Mar 4th, 2016

 

March 2016

Pharmacy News

posted on 03.01.2016

Legislators Call for Transparency in Generic Drug Pricing

While there has been some progress by individual states, greater transparency in generic drug pricing is needed at the federal level, say several U.S. legislators. (…read more)

posted on 11.25.2015

Millennials in Medicine

How today’s youngest physicians are shaping tomorrow’s practices. The millennials have arrived, and they are shaking up the workplace-including the practice of medicine.
 (…read more)

posted on 01.29.2016

The FDA Approves Zepatier to Treat HCV

The FDA approved elbasvir and grazoprevir (Zepatier, Merck) for the treatment of adults with chronic hepatitis C virus (HCV) genotype (GT) 1 or GT4 infection, with or without ribavirin (RBV). (…read more)

How Will Buying & Selling Members Achieve DSCSA Compliance for Transactions Processed Through MatchRX?

BUYERS

Since inception, MatchRX members have purchased small quantities of prescription drugs from other members to meet the need of identified patients.   Buyers are now required to select Specific Patient Need or Declared Public Health Emergency as a reason for purchase when adding an item to the cart.  Items purchased for a Specific Patient Need or Declared Public Health Emergency are exempt from the DSCSA and do not require the selling dispenser to pass, and the buying dispenser is not required to receive, the Transaction Information (TI), Transaction Statement (TS), and Transaction History (TH). The MatchRX packing slip and invoice will display the reason for purchase and satisfies DSCSA reporting requirements.

SELLERS

Sellers will continue to post items to the marketplace as before without any additional documentation requirements.  Buyers purchase through MatchRX to fulfill a Specific Patient Need or Declared Public Health Emergency. Items purchased for a Specific Patient Need or Declared Public Health Emergency are exempt from the DSCSA and do not require the selling dispenser to pass, and the buying dispenser is not required to receive, the Transaction Information (TI), Transaction Statement (TS), and Transaction History (TH).

Buy page screenshot

Helpful Hints

Tip 1: Members can easily retrieve transaction data with MatchRX. Here’s how.

MatchRX retains all transaction data in perpetuity, meaning you can retrieve and print information on demand by visiting the Manage Tab and clicking on the History link under Buying Activity and Selling Activity. You can also run a transaction statement for a user defined date range by clicking on the Statement link. This report can be printed or exported to excel for additional reporting formats.

Tip 2: Tracking items on your shelf that are posted to the marketplace is simple.  Ask us about MRX removable stickers.

All new members receive a MatchRX welcome package to help get started using the marketplace. In the package is a pad of small removable MRX stickers to help track postings in the marketplace. Simply peel and stick to your pill bottle or box. When the bottle sells, remove the sticker without leaving any residue on the bottle.  If you dispense from a bottle that has a MRX sticker, make sure you log in and modify the quantity for that posting or remove the posting if the item is no longer available.  This will keep members from buying items no longer available, and protect your seller rating in the marketplace. 

The magnetic back of the pad allows members to easily place the sticker pad in a visible place like a refrigerator or metal shelf.  Need more stickers, email us at CustomerService@matchrx.com to request more.

Tip 3: Reducing the Seller fee to 6%!

If you have 50 or more postings at the time of the sale, the Seller fee is automatically reduced to 6%.  Check your shelves for slow moving items, short dated items, and partial packs.  Post more, earn more, and pay less!

Pharmacy Spotlight

Avenue H Pharmacy,

Houston, TX

“I signed my pharmacy up with MatchRX a couple of months ago as a result of a promotional card I received in the mail. Walter helped me to get started and made it so simple. I am a new independent pharmacy, so I do not have a network of stores to share the burden of overstock or drugs that are quickly approaching expiration.

What a great alternative to move stock off my shelf! I sold a product within hours of posting. It can help with inventory management. It is worth your time to check it out. Thanks Walter and the entire MatchRX team!!!” – Prisca N.

We want to hear your MatchRX success story.

Write to us, Testimonials@matchrx.com. 

Share your success story and receive a gift. Members who share their success stories with us will have a chance to win a $50.00 gift basket of goodies for your pharmacy. One winner per month!

From the CEO

Dear MatchRX Member,

March 1, 2016 marked the day the DSCSA required dispensers to capture and retain the transaction history (TH), transaction information (TI), and transaction statement (TS), also known as the “3Ts” when receiving product from Authorized Trading Partners.  It is the responsibility of the buying dispenser to maintain these records for six years.

Unique to dispensers within the DSCSA is an exemption that allows for the purchase of pharmaceuticals from other dispensers without the 3T requirement, if the purchase is for a “Specific Patient Need” [see DSCSA Section 582(d)(1)(A)(ii)]. The term Specific Patient Need is defined by the DSCSA as “the transfer of a product from one pharmacy to another to fill a prescription for an identified patient.  Such term does not include the transfer of a product from one pharmacy to another for the purpose of increasing or replenishing stock in anticipation of a potential need” [see DSCSA Section 581(19)]. For further reference, click here and reference FAQ #4 from the FDA’s DSCSA website.  Industry interpretation for Specific Patient Need includes situations in which a dispenser has a prescription in hand for an identified patient, a recurring prescription for an identified patient, or notice from a provider that an identified patient has a prescription forthcoming.

To create additional awareness of this exemption, the National Community Pharmacy Association (NCPA) published in the February 2016 DSCSA Fact Sheet “The transfer of a product from one pharmacy to another (regardless of whether the two pharmacies are affiliated in any way) to fill a prescription for an identified patient is exempt from the definition of Transaction” within the DSCSA, and therefore not subject to the 3T requirement.  Click here to view the document. Additionally, the American Pharmacists Association (APhA) published a DSCSA Checklist for Pharmacies which included reference to the Specific Patient Need exemption.  Click here to view the document.

Since inception, MatchRX members have purchased small quantities of prescription drugs from other members to meet the need of identified patients.  Beginning March 1 2016, buyers are required to select Specific Patient Need or Declared Public Health Emergency as a reason for purchase when adding an item to the cart. A Declared Public Health Emergency is an emergency notice issued by the Department of Health and Human Services, and is also exempt from the passing of the 3T’s, [see DSCSA Section 581(24)(B)(iii)]. The reason for purchase will be captured with every item and displayed on the packing slip and invoice. Sellers will continue to post items to the marketplace as before without the requirement of passing additional documentation at the time of sale.  

Over the past 24 months, we at MatchRX have met and worked with the FDA, NCPA, APhA, American Society of Health-System Pharmacists (ASHP), American Ambulance Association (AAA), and SIRUM (a non-profit drug donation facilitator) to ensure the long utilized practice of dispenser-to-dispenser transactions continues without creating an undue burden on the independent dispenser. The Specific Patient Need exemption within the DSCSA runs parallel with the purpose and history of the MatchRX marketplace.

Thank you for your continued membership and utilization of MatchRX. Please reference the DSCSA FAQ’s for additional information. Direct all questions and inquiries to compliance@matchrx.com.

As always, we look forward to helping you and your business thrive!  Thank you for your continued membership.

John Kello, CEO

MatchRX |  info@matchrx.com  |  877-590-0808