Pharmacy Product Inventory Control or Redistribution

• US 20110257991A1
• Filed: 01/27/2011
• Published: 10/20/2011
• Est. Priority Date: 02/24/2010
• Status: Abandoned Application

• Current Assignee: Anand Shukla
• Original Assignee: Anand Shukla
• Inventors: Shukla, Anand
• Application Number:
  US13/015,060
• Publication Number:
  US 20110257991A1
• Time in Patent Office: Days
• US Class Current: 705/2
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G16H 20/10 relating to drugs or medications, e.g. for ensuring correct administration to patients
• CPC Class Codes: G16H 70/40 relating to drugs, e.g. their side effects or intended usage

Abstract

A method to reduce or eliminate the generation of expired products and manage pharmacy inventories. The method includes maintaining an online pharmacy inventory database among a plurality of participating network pharmacies, identifying over-stock products, non-moving products, slow moving products, and un-wanted products from the plurality of participating network pharmacies, and generating a redistribution list of one or more products.

Claims

1. A method to electronically manage pharmacy drug inventory including near expiry drug products, said method comprising:

(a) electronically maintaining an online drug inventory among a plurality of participating network pharmacies or related vendors by using one or more specifically programmed data processing systems,

(b) electronically identifying and tracking drug products selected from near expiry drug products and at least one selected from over-stock drug products, non-moving drug products, slow moving drug products, and expired drug products from two or more of the plurality of participating network pharmacies or related vendors,

(c) electronically generating redistribution lists of one or more of said corresponding drug products identified in step (b), and

(d) redistribution or transferring using the redistribution list one or more of the drug products for disposal, supply and demand between two or more of the plurality of participating network pharmacies or related vendors.

2. The method of claim 1, further comprising:

providing brokering, facilitating, or wholesaling of the transfer of drug products between the plurality of participating network pharmacies or related vendors.

3. The method of claim 1, further comprising:

charging a fee or commission for accessing the online pharmacy inventory.

4. The method of claim 1, further comprising:

charging a client subscription fee for accessing the online pharmacy inventory or a commission on at least one transfer or redistribution.

5. The method of claim 1, wherein the generating of the redistribution list of one or more products includes one or more of:

(a) generating a list of one or more products for resale and redistribution;

or

(b) utilizing a computer online network.

6. (canceled)

7. (canceled)

8. A method to electronically manage pharmacy drug inventory, said method comprising:

(a) electronically maintaining an online pharmacy inventory among a plurality of participating network pharmacies or related vendors,

(b) electronically automatically identifying and tracking drug products selected from near expiry drug products and at least one of over-stock drug products, non-moving drug products, slow moving drug products, and expired drug products from the plurality of participating network pharmacies or related vendors,

(c) electronically generating one or more redistribution lists of one or more of said drug products for resale, redistribution, or disposal,

(d) redistributing or transferring of the drug products, using one or more of the redistribution lists, for disposal, supply and demand between two or more of the participating network pharmacies or related vendors by using one or more specifically programmed data processing systems, and

(f) charging a fee or a commission on at least one of said redistributions or transfers.

9. The method of claim 8, wherein generating a redistribution list of one or more drug products includes generating a list of one or more drug products for resale and redistribution using one or more reports or one or more alerts generated through a drug product inventory management module or generated from input provided by one or more participating pharmacies or related vendors.

11. The method of claim 8, wherein the method includes transfer of unused drug products and overstock drug products.

12. The method of claim 8, further comprising:

brokering, facilitating, or wholesaling transfer of one or more drug products without taking possession of the one or more products.

13. The method of claim 8, further comprising:

brokering, facilitating, or wholesaling transfer of one or more drug products by buying the one or more drug products from the plurality of the pharmacies or related vendors and storing the one or more drug products in a warehouse for resale.

14. The method of claim 8, further comprising:

viewing drug product inventory or the redistribution list from any computer with Internet access.

15. The method of claim 8, wherein an online pharmacy inventory database comprising the drug product inventory or the redistribution list also serves as a data repository for one or more selected from:

wholesaler invoices, daily sales reports, reverse distributor statements, pharmacy registrations and DEA numbers, and account holder names.

10. (canceled)

16. A system to electronically manage pharmacy drug inventory, said system comprising:

(a) an electronic data processing system network to maintain an online pharmacy inventory among a plurality of participating network pharmacies or related vendors, using one or more specifically programmed data processing systems,

(b) an electronic database on the data processing system to identify near expiry drug products and at least one of expired drug products, over-stock drug products, non-moving drug products, slow moving drug products, and un-wanted drug products from the plurality of participating network pharmacies or related vendors,

(c) an electronic program module on the data processing system to generate a redistribution list of one or more drug products, and

(d) an electronic program module to redistribute or transfer one or more of said drug products for disposal, supply, and demand between two or more of the plurality of participating network pharmacies or related vendors.

18. The system of claim 16, wherein redistribution or transfer utilizes one or more of the following types of delivery:

physical hand-to-hand delivery hiring an authorized pharmaceutical delivery service, mail delivery, and courier services.

19. The system of claim 16, wherein a drug product sales report is electronically provided to a pharmacy or related vendor by utilizing a switch provider.

20. The system of claim 16, wherein resale and redistribution labels are generated at a pharmacy, related vendor, or provided by a broker.

21. The system of claim 16, wherein a product price of a drug product for redistribution or transfer is calculated based on an industry standard chosen from the list of industry standards consisting of:

Wholesale Acquisition Cost, Average Wholesale Price, Actual Acquisition Cost, Average Manufacturer Price, Average Selling Price, Estimated Acquisition Cost, and Maximum Allowable Cost.

22. The system of claim 16, further comprising:

an online inventory database which contains a plurality of expiration dates corresponding to a plurality of drug products, wherein a plurality of expiration dates can be entered by one or more sources, consisting of one or more selected from;

manual entry into the database, automatic entry in the database based on a default setting, automatic entry in the database based on a wholesaler minimum expiration contract, automatic entry in the database based on a historical expiration date of a certain class of products, automatic entry in the database based on dates directly received from a wholesaler or manufacturer, and entry in the database from scanning a barcode on a drug product.

24. The system of claim 16, wherein an online inventory system allows an operator to perform one or more of the following:

(a) search for drug products that have not expired,

(b) search for drug products that have expired,

(c) to look for slow moving drug products by selecting the percentage of original drug products moved from the day of purchase;

(d) search for drug products that are top selling;

(e) search for drug products to identify and return if unused to a wholesaler for credit;

(f) set-up a threshold limit for one or more drug products in a store, wherein if a drug product count goes below a predetermined limit, the operator receives a threshold limit notification;

or

(g) use a National Drug Code master file for one or more drug products in a store to identify one or more recalled drug products.

30. The system of claim 16, wherein an online inventory system supports a repository pharmacy that carries a plurality of one or more:

hard to sell drug products, drug products with odd packaging sizes, frequently expired drug products, and drug products with short expiration dates that are transferred to a plurality of pharmacies or vendors as needed.

17. (canceled)

23. (canceled)

25. (canceled)

26. (canceled)

27. (canceled)

28. (canceled)

29. (canceled)