Who owns NPSC?
Technically, NPSC is owned by the 14 Board members of the corporation. However, we believe as a company that NPSC is really owned by the pharmacies that are part of the network. No Board Member can financially gain from his/her participation on the Board. The only financial remuneration that Board members receive is expenses for attending meetings 4 times per year.
Who can become a Board Member of NPSC?
Pharmacy owners that have stores that belong to the NPSC network can request an application to join the Board. In addition, owners that would like to recommend a pharmacist that they have worked with in their business for 3 or more years, may also apply to become as Board member. For a well-rounded perspective we also have seats available for non-pharmacy owners as well. We currently have a Dean of a Pharmacy School, a former Senior VP of a local bank and a Principal of a transparent PBM currently on our Board.
Do I have to use one of your prime wholesalers?
No, you do not. If you choose not to use one of our wholesalers you will be billed for your participation in the network. The cost is based on your wholesaler purchases so that it is fair for those large and small. Any and all vendor programs that you participate in that generate incentive dollars, will count toward payment of that bill. We have a few of our network pharmacies that are in this category and they feel that the benefits they receive from NPSC, far outweigh what they pay. Many pay nothing, as the incentives pay their bill.
How are incentive dollars distributed?
We share one-half of all monies received from our 40+ vendors in our program with the pharmacy network. In addition, there is a cap on wholesaler administrative fees ($625/mo single store, $1000/mo. multiple stores - same owner) so all monies received over that cap go back to the store as well. In 2015, over 1.5 million dollars was returned to the network. Incentives are sent to the network quarterly with a report as to where the money came from. NPSC believes in transparency in our financial dealings with the network.
Can I buy some of the materials you provide your network?
Yes. There are a number of materials that we have produced for our network that we sell. Our HIPAA Now combined volume, our Pseudoephedrine log book are two of the most popular. We recently made available our Pharmacy Tech Training Manual as well. Call us for more information.
What does it cost to attend the NPSC Expo?
Nothing, if you belong to the network. All CE’s, food and giveaways are free! If you do not belong to the network, you can join us and enjoy all the festivities and get all the CE’s for $200 per day/pp
I am opening a new store. Can you help me?
Yes! This is the best time to call us! Our field consultants have assisted many new owners to open a store. We have all the information you need from licenses, regulatory requirements, federal requirements, wholesaler knowledge, pharmacy system info and access to many of the other vendors you need. We are 1-800 HELP when you are opening a store…we make this overwhelming project much easier. Just call us; we will do all we can to help you.
If you have any questions that are not answered here, please feel free to call us!