CARNEY’S POINT, NJ and MARLTON, NJ – alliantRx announced today that it has entered into a preferred vendor partnership with YellowShake, LLC, a FedEx and UPS Shipping Refund Recovery Service. Through this partnership, YellowShake, LLC will provide an exclusive, cloud-based refund recovery solution for alliantRx’s member pharmacies.
alliantRx's unique member base of independent pharmacy and community pharmacy owners face a multitude of challenges within the pharmaceutical business. Among those challenges are regulatory compliance, patient care, drug costs, inventory management, and chain drugstore competition. Along with these challenges that strain resources and impact profitability, many independent pharmacies lack the manpower to monitor and track their FedEx and UPS shipments to ensure that guaranteed delivery time commitments are met. Simply put, alliantRx and Yellowshake understand that pharmacy owners are missing out on refunds that can be recovered through timely and correct filing of late delivery claims. These refunds do add up and provide a real monetary benefit to each business throughout the year. The alliantRx – YellowShake Preferred Vendor Partnership manages the entire refund recovery process for alliantRx members so they can focus, instead, on the many challenges of running an independent pharmacy.
“We are confident that this partnership will help ease some of the administrative and financial burdens and challenges experienced by our members, all while allowing them to place a stronger emphasis on quality customer care and running their businesses in a more efficient and cost-effective manner,” said Gerry Crocker, President of alliantRx.
“We are very excited to partner with alliantRx. Our service is completely aligned with alliantRx’s mission and I am confident that its member pharmacies will be pleased with their increased profitability resulting from late delivery refunds recovered through our platform,” said Jonathan Bishop, President of Yellowshake LLC.
The Preferred Vendor Partnership rolled out in the Fall of 2016 with a limited sample of members in a pilot program. In just a few weeks, alliantRx members who signed-up for this service have realized a total of $2,470 in refunds recovered, with the average refund per member pharmacy coming in at $411.74. “YellowShake has been a big help to all 5 of our locations. In our extremely busy work environment, we just don't have enough time to track our volume of packages, and therefore have missed out on tons of reasonable credits. Since we signed up with YellowShake, we have seen a tremendous difference in our favor, and haven't needed to lift a finger to get the credits we deserved.” – Christa Back, Client Services Coordinator, Apotheco Pharmacy.
alliantRx offers its member pharmacies a streamlined approach to sign-up for Yellowshake’s FedEx and UPS Shipping Refund Recovery Service. For more information and service sign-up please visit: http://www.alliantrx.com/preferred-vendors/yellowshake.
Pharmacies interested in joining alliantRx’s retail chain buying group can do so by calling 1-856-517-3529 or by visiting our website’s “Become a Member” page at: www.alliantrx.com/become-a-member.Be sure to follow this blog for more member news, updates, and bulletins from your partners at alliantRx.