IRVING, Texas--(BUSINESS WIRE)--Provista, a proven leader in the supply chain industry since 1994, today announced a new strategic partnership with GeriMed, a pharmacy group purchasing organization that works to improve the purchasing power for independent pharmacies servicing long-term care patients. The announcement was made at the 2017 GeriMed Conference last week in Fort Lauderdale, Fla.
Independent long-term care pharmacies are challenged with maintaining profitability and managing tight margins and reimbursements with payers while obtaining the best prices. The Provista-GeriMed partnership enables GeriMed to leverage the $100 billion in purchasing volume Provista provides through its contracting partner, Vizient, the nation’s largest health care performance improvement company. Provista and GeriMed proprietary products and services will also be offered to all customers of both companies.
“Provista enhances our portfolio and we enhance theirs so there is great synergy between our two companies, which expands purchasing opportunities for our members,” said Christopher Mangione, President, GeriMed. “The partnership allows us to deepen our offerings to existing customers and makes us more competitive with prospective customers.”
Established in 1983, GeriMed offers unique contracting and additional services to help independent pharmacies compete against national long-term care pharmacy chains without sacrificing the amenities that make them successful and profitable.
“GeriMed has a reputation as a service intensive organization, and we saw an opportunity to combine their long history in the market, competitive network and detailed services with the best-in-breed contract portfolio, implementation engine and sales and marketing team from Provista,” said Mitch Steiner, Vice President of Enterprise and Pharmacy Sales, Provista. “We look forward to working with GeriMed.”
About Provista
With 20 years of experience, Provista is a proven supply chain partner. In fact, Provista has expanded from health care to meet the needs of small businesses and Fortune 1000 firms. With extensive product coverage and billions in purchasing power, Provista connects customers in these industries to the best-priced supplies and services. But Provista goes beyond contracts, offering customers tailored procurement solutions — Data & Analytics, Contract Implementation Services, Savings Programs, Management Tools plus Business Reports and Reviews. Learn more at www.provistaco.com.
About GeriMed
Founded in 1983, GeriMed is a group services organization committed to equipping independent pharmacies with exceptional tools and services to enable their business growth and the provision of quality care to the LTC patients they service. GeriMed’s vast LTC pharmacy expertise, combined with a unique suite of profitability and technological solutions, result in the strategic positioning of independent pharmacies in the competitive LTC marketplace without sacrificing any of the personable relationships that make independent pharmacies great. To learn more, visit www.gerimedgso.com, or contact us at 1-800-456-4374, info@gerimedgso.com.
