McKesson leads the pack in contract price accuracy

June 26, 2006

A study conducted by S/T Health Group, an independent healthcare consulting firm, found that McKesson customers experience the lowest percentage of contract price errors in the industry. McKesson officials asserted that the study data affirmed that the San Francisco-based drug wholesaler continues to lead the pharmaceutical wholesale industry in contract price accuracy.

McKesson leads the pack in contract price accuracy

A study conducted by S/T Health Group, an independent healthcare consulting firm, found that McKesson customers experience the lowest percentage of contract price errors in the industry. McKesson officials asserted that the study data affirmed that the San Francisco-based drug wholesaler continues to lead the pharmaceutical wholesale industry in contract price accuracy. S/T Health Group determined an aggregate industrywide error rate by reviewing more than $1.89 billion worth of invoices from a variety of U.S. hospital pharmacies. The review assessed contract price accuracy (the accuracy of invoices as a percentage of total sales) by reviewing contract price errors, market share and tiered pricing, letters of participation (LOP), manufacturer rebates, and distributor cost of goods. While overall industry contract price accuracy has improved since S/T's first review was completed in August 2004, customers of other pharmaceutical distributors continue to experience price errors over three times more often than customers of McKesson, the consulting firm claims.

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