amerisourcebergen corporation is an american drug wholesale company that was formed by the merger of bergen brunswig and amerisource in 2001 .

they provide drug distribution and related services designed to reduce costs and improve patient outcomes , distribute a line of brand name and generic pharmaceuticals , over-the-counter ( otc ) health care products and home health care supplies and equipment to a wide variety of health care providers located throughout the united states , including acute care hospitals and health systems , independent and chain retail pharmacies , mail-order facilities , physicians , clinics and other alternate site facilities , as well as skilled nursing and assisted living centers .

they also provide pharmaceuticals and pharmacy services to long-term care , workers ' compensation and specialty drug patients .

amerisourcebergen is a market leader in pharmaceutical distribution handling about 20 % of all of the pharmaceuticals sold and distributed throughout the country and ranked 16th on the fortune 500 list for 2015 with over $ 100 billion in annual revenue .

in terms of revenue ( 79.49 billion in 2012 ) the firm is the largest based in pennsylvania .

amerisourcebergen

glassdoor has 734 amerisourcebergen reviews submitted anonymously by amerisourcebergen employees . read employee reviews and ratings on glassdoor to decide if amerisourcebergen is right for you .
united states - click here for the amerisourcebergen memorandum of insurance . canada - click here for the amerisourcebergen memorandum of insurance .
and amerisourcebergen specialty group . the other segment is comprised of amerisourcebergen consulting services , world courier group , inc . and mwi veterinary supply , inc . amerisourcebergen was founded on august 28 , 2001 and is headquartered in chesterbrook , pa .
defendant : amerisourcebergen drug corporation , cardinal health inc . , mckesson corporation and others
amerisourcebergen ! america ' s hurtin ' !
the teamsters chanted outside .
defendant : amerisourcebergen drug corporation , cardinal health , inc . , mckesson corporation and others
amerisourcebergen and h . d . smith are united in our commitment to independent pharmacy .
the deal gives amerisourcebergen and walgreen a boost in size that can help them negotiate better prices .
amerisourcebergen is driving innovative partnerships with global manufacturers , providers and pharmacies to improve product access and . . .
cardinal health shipped more pain pills into the state than any other wholesale distributor . amerisourcebergen was the third .
charlie le bon , the director of pharmacy ownership for amerisourcebergen , discusses recent changs in the pharmacy landscape .
amerisourcebergen and cardinal health said that they play no role in prescribing opioids and work diligently to stop diversion of drugs for inappropriate uses . amerisourcebergen said it intends to defend itself vigorously and cardinal called the suits “misguided . ”
our strategic global sourcing experts share how amerisourcebergen ' s leadership in specialty distribution influences the way we partner with manufacturers .
about 40 teamsters rallied outside the sofitel hotel philadelphia while pharmaceutical wholesaling giant amerisourcebergen corp . held a shareholders meeting inside .
for financial reporting purposes , amerisourcebergen operations will continue to be comprised of the pharmaceutical distribution services reportable segment and other .
with services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services , amerisourcebergen delivers innovative programs and solutions across the pharmaceutical supply channel in human and animal health . with over $ 150 billion in annual revenue , amerisourcebergen is headquartered in valley forge , pa , and employs approximately 21 , 000 people . amerisourcebergen is ranked # 12 on the fortune 500 list .
walgreens boots alliance , the parent of walgreens , is buying a bigger stake in amerisourcebergen , which is one of their suppliers .
tom mullin , president of community and specialty pharmacy at amerisourcebergen , shares how pharmacies are using data to improve interactions with patients .
amerisourcebergen has also formed a new management committee to enable quicker , cross - functional decision - making . this senior executive group includes :
“amerisourcebergen has assembled and built best - in - class capabilities to support every stage of pharmaceutical care , with the goal of ensuring access to medicines that create healthier futures for patients , ” said steven h . collis , chairman , president and chief executive officer of amerisourcebergen . “this strategy has served as the engine of amerisourcebergen’s success and we are now evolving our organization to capitalize on our unique portfolio of services . our vision is to accelerate amerisourcebergen’s corporate growth by further aligning our operating model to the dynamic customer needs in the health and pharmaceutical industry . ”
charlie le bon , who is director of pharmacy ownership with amerisourcebergen , shares his insights on the current state of the pharmacy business marketplace .
the 2013 fortune 500 was announced recently and the highest ranked local enterprise is pharmaceutical - services giant amerisourcebergen of valley forge at no . 32 .
a spokeswoman for amerisourcebergen said in a statement that the company “has been and remains committed to the safe and appropriate delivery of controlled substances . ”
madison – cardinal health and amerisourcebergen have agreed to settle claims against them in the state’s pain pill lawsuit for a total of $ 36 million .
the lawsuit was filed in 2012 by former attorney general darrell mcgraw against cardinal health , amerisourcebergen , miami - luken and other smaller drug companies .
other “big 3” companies also settled : mckesson paid $ 150 million to the federal government and amerisourcebergen settled for $ 16 million in west virginia .
amerisourcebergen structures operating model and executive leadership team to offer a more cohesive and unified customer experience , enhance growth and drive long - term value .
pharmacies turn to amerisourcebergen for powerful services and solutions that result in greater access to products , business growth , operational efficiency and enhanced patient care .
rich tremonte on the current healthcare landscape , the role of the wholesaler and how the new organizational structure at amerisourcebergen brings out the best in both .
the animal health business will continue to remain headquartered in boise , idaho . i will be at amerisourcebergen’s headquarters’ location just outside of philadelphia , pa .
amerisourcebergen last week was the subject of a protest organized by the teamsters union outside of a philadelphia hotel where the company was holding its annual shareholders’ meeting .
but that’s exactly what amerisourcebergen had on its show card for the 5 , 000 attendees at thoughtspot 2015 , held in las vegas at the mgm grand .
us bioservices was acquired by global healthcare solutions leader , amerisourcebergen , in 2003 . us bioservices works in collaboration with other amerisourcebergen business units to enhance patient care , support care in local communities , and offer manufacturer partners integrated commercialization solutions . as the trusted pharmacy partner for ion solutions , an amerisourcebergen company that supports the largest collection of specialty physician networks in the country , us bioservices has a unique role supporting community oncologists using a clinically integrated model that improves patient care .
the lawsuits name mckesson corp . , cardinal health and amerisourcebergen — which distribute 85 percent of the nation’s drugs . also named are walgreens , cvs and others .
the two drug distributors denied any wrongdoing in settling their claims . cardinal health agreed to pay $ 20 million , while amerisourcebergen agreed to pay $ 16 million .
amerisourcebergen is a pharmaceutical sourcing and distribution services company . co . ' s operations are comprised of the pharmaceutical distribution segment and other . the pharmaceutical distribution segment includes : co . ' s amerisourcebergen drug corporation subsidiary , which distributes brand - name and generic pharmaceuticals , over - the - counter healthcare products , home healthcare supplies and equipment , outsourced compounded sterile preparations , and related services to a variety of healthcare providers ; and co . ' s amerisourcebergen specialty group inc . subsidiary , which provides pharmaceutical distribution and additional services to physicians who focus on a variety of disease states . according to our abc split history records , amerisourcebergen has had 2 splits .
amerisourcebergen is one of the largest global pharmaceutical sourcing and distribution services companies , helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care . with services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services , amerisourcebergen delivers innovative programs and solutions across the pharmaceutical supply channel . .
after 10 years of service with a track record of exceptional integrity , leadership and performance , james frary , previously executive vice president and president , amerisourcebergen specialty group ( absg ) , has decided to pursue new opportunities outside of amerisourcebergen . frary will be available to support the organization over the next few months as he transitions from his role .
a lawyer for the drug wholesalers would not comment last week for this report . an amerisourcebergen spokeswoman said the company would not comment about the case while it is under litigation .
with amerisourcebergen , community pharmacists have access to innovative patient care programs and consultative services that strengthen their position as providers in their local community . learn more about some of our services :
amerisourcebergen is represented by a . l . emch and robert o . passmore of jackson kelly ; and meredith s . auten and eric w . sitarchuk of morgan lewis & bockius .
las vegas — amerisourcebergen doubled down on its commitment to its good neighbor pharmacy network friday at thoughtspot 2015 with a revamped pharmacy services administration organization , appropriately named the elevate provider network .
amerisourcebergen corp . is a pharmaceutical sourcing and distribution services company . it serves as a healthcare , pharmaceutical and biotech manufacturers to improve patient access to products and enhance patient care . the company operates through two segments : pharmaceutical distribution and other . the pharmaceutical distribution segment provides drug distribution and related services designed to reduce healthcare costs and improve patient outcomes through amerisourcebergen drug corp .
it made a lot of sense to combine amerisourcebergen’s big drug distribution business and specialty medicine distribution business into a single business unit to be centered around the customer . our industry is changing and we are committed to simplifying and enhancing the experience of working with amerisourcebergen – which will in turn allow our customers to better meet the needs of the patients and communities they serve .
with amerisourcebergen , health systems are improving health outcomes , driving operational performance , and increasing revenue growth through the pharmacy services they provide patients . take a look at some of our solutions :
a key factor in addressing these traceability issues , horvath said , has been the continuous improvement program , implemented 2 years ago at amerisourcebergen and developed with the goal to enhance customer experience .
how do manufacturers ' distribution decisions ultimately impact patients ? what long - and short - term disruption do direct models present ? amerisourcebergen experts offer perspective on the unintended consequences of channel strategy decisions .
since the 2016 launch of amerisourcebergen’s abc order , many within the organization have come to see the ordering platform as the first step in a larger effort to improve the experience of independent pharmacists .
mwi has experienced terrific growth through the years . i think i can bring that experience , working with the phenomenal team we have within this unit of amerisourcebergen , in order to grow the business .
let me start by explaining the bigger amerisourcebergen picture . the company has organized into two groups – one is called global commercialization services and animal health , which i’ve been given the opportunity to run as group president . this group includes amerisourcebergen’s solutions for product commercialization and patient access , international development and animal health – core areas with strong growth opportunities , both from an organic perspective and through potential acquisition . in addition to animal health , this group includes amerisourcebergen’s healthcare consulting business , a patient support services organization , and third - party logistics operations for the u . s . and abroad , including a company called world courier , which specializes in the management and coordination of global specialty logistics for clinical drug trials . the group also includes the international businesses of amerisourcebergen , principally in canada and brazil .
the independent pharmacy event of the year is coming back to vegas to an exciting new location . thoughtspot 2017 , the annual trade show hosted by amerisourcebergen and good neighbor pharmacy , will be held at the
the pharmacy pos software company is the preferred pos member for amerisourcebergen ; this is considered a huge achievement for retail management solutions , as they had to undergo a rigorous decision process before receiving the prestigious status .
amerisourcebergen corporation was named the winner of hdma’s 2016 distribution management award for centralizing its data for drug supply chain security act ( dscsa ) compliance , as well as to prepare for long - term serialization requirements .
the city of birmingham on monday filed a federal lawsuit against three of the country ' s largest wholesale drug distributors - cardinal health , amerisourcebergen and mckesson - in an effort to fight the prescription opioid epidemic .
the west virginia attorney general’s office recently settled lawsuits filed against opioid distributors for violating the state’s consumer protection laws . cardinal health agreed to pay $ 20 million and amerisourcebergen $ 16 million . both companies denied wrongdoing .
register by march 31 , 2018 , to maximize the overall value of thoughtspot , the annual trade show hosted by amerisourcebergen and good neighbor pharmacy . thoughtspot 2018 will take place at rosen shingle creek in orlando , florida .
deerfield - based walgreens boots alliance inc . friday said that it is spending nearly $ 1 . 2 billion to build its stake in amerisourcebergen , the pharmaceutical wholesaler that supplies its drugstores , mail order and specialty pharmaceutical businesses .
on april 19 , amerisourcebergen asked thompson to deny the request to unseal the records , arguing that the information the newspaper wanted was available from the u . s . drug enforcement administration and the west virginia board of pharmacy .
• amerisourcebergen , san francisco - based mckesson and ohio - based cardinal health , known as “the big three , ” account for 85 - to - 90 percent of all revenues from drug distribution in the u . s ;
the fact that animal health has remained a core pillar of this new business group is a true demonstration of the importance amerisourcebergen places on this market , and is an indication of the continued investment we foresee in this space .
amerisourcebergen corporation , incorporated on march 16 , 2001 , is a pharmaceutical sourcing and distribution services company . the company ' s segments include pharmaceutical distribution and other . the company provides services to healthcare providers , and pharmaceutical and biotech manufacturers .
• one city , kermit , west virginia , with a population 400 , received 9 million pills in just two years . ( that town , in late january , filed a separate suit against five drug wholesalers , including amerisourcebergen . )
retail management solutions is headed out to thoughtspot , amerisourcebergen and good neighbor pharmacy’s premier event and tradeshow , taking place july 29 to august 1 . retail management solutions will be attending along with pharmacy owners , technicians , and purchasing decision makers .
the protest came after amerisourcebergen , along with another large prescription drug distributor , cardinal health , in late december agreed to pay $ 36 million to settle a lawsuit brought by west virginia alleging they contributed to the overdose crisis in that state . of that , cardinal health agreed to pay $ 20 million and amerisourcebergen agreed to pay $ 16 million . the companies did not admit to any wrongdoing . the case against a third large drug distributor , mckesson corp . , is ongoing .
by combining its distribution in the united states and europe with amerisourcebergen , walgreen will be able to negotiate better prices for those bulk drugs , the company has said . in addition , it said it will have new access to more specialized drugs .
as an amerisourcebergen company , we are part of a global network that drives innovative partnerships with manufacturers , providers and pharmacies to improve product access and efficiency throughout the healthcare supply chain . locally , we work closely with healthforward and cameron stewart lifescience .
on thursday , around 40 people at a protest outside of sofitel hotel in philadelphia where shareholders were meeting , carried signs with the slogans : “amerisourcebergen : making a killing on opioids ; ” and “corporate crime : 62 opioid deaths every day . ”
the other business group that amerisourcebergen is organizing into is pharmaceutical distribution and strategic global sourcing , led by my colleague and group president bob mauch . this unit consists of our healthcare pharmaceutical business and human healthcare – including service to our retail chain and independent pharmacies , health systems , physician practices , as well as sourcing and specialty pharmacy capabilities . amerisourcebergen is taking its drug distribution business and specialty medicine distribution business and combining it into one larger business unit that can be centered around the customer .
at the end of the good neighbor pharmacy convention , independent owners certainly had plenty to pack into their pharmacy toolbags for the trip home . first and foremost , amerisourcebergen introduced the renamed elevate provider network , which will support independent pharmacies in their efforts to improve profitability through enhanced patient care , better business practices and by leveraging centralized data to support reimbursement discussions with payers . as part of that new network , amerisourcebergen introduced its patient engagement center powered by prescribewellness that helps identify nonadherent patients , amerisourcebergen opened access to pre - and post - claims editing services through emdeon and launched a new mobile app that will notify pharmacists of information they need to manage their business at the touch of a finger , such as the next day’s bank deposits and a six - month trending view of their performance in the four highly - rated cms star clinical measures . amerisourcebergen also introduced an expansion of its central pay capabilities with the addition of claim reconciliation services powered by fds , which enables pharmacists to monitor their receivables balance .
amerisourcebergen on monday announced a new organizational structure designed to further align the organization to its customer needs in a more seamless and unified way , while supporting corporate strategy and accelerating growth . the company’s customer - facing offerings will now be aligned under two groups :
las vegas — one of the biggest announcements that good neighbor pharmacy president david neu made at amerisourcebergen thoughtspot 2015’s general session was that the company’s premier level suite of products and services would be expanded and now made available to its customers across all software platforms .
and that includes walgreens boots alliance , collis said . “the deal with walgreens boots alliance has resulted in an expanded network , more scalable logistics and stronger financial performance , which has allowed us to take a big leap forward as a company . … there’s never been a time that amerisourcebergen has had a more substantial platform , ” he added . “we have a long - range vision for amerisourcebergen and empowering good neighbor pharmacy members with access to the products and solutions you all need is very much a part of that vision . …”
but the distributors — dominated by little - known yet huge companies such as mckesson corp . ( no . 5 on the fortune 500 list ) , amerisourcebergen ( 12 ) , and cardinal health ( 21 ) — are starting to get more attention as investigations have found startling statistics such as this one : nearly nine million hydrocodone pills were shipped over two years to a single pharmacy in a west virginia town with 392 residents . amerisourcebergen recently settled a lawsuit with the state even as a group of small towns and counties filed their own .
the core of the healthcare supply chain in human and animal health . the most comprehensive provider of pharmaceutical commercialization services . the committed partner for community - based and personalized healthcare . amerisourcebergen embodies all of that . learn more about the markets we ' re privileged to serve .
amerisourcebergen specialty group ' s companies rank among the largest and most influential organizations in their respective markets . as a result of these relationships , the specialty group is able to bring its clients significantly greater access to the resources , processes and strategic relationships they need to succeed .
“we are better positioned to meet the needs of the marketplace because of james’ leadership and i’m truly grateful for his guidance and partnership over the past decade , ” said collis . “we will carry that industry leadership into our new management committee structure . this group will be singularly focused on aligning every aspect of amerisourcebergen to our purpose , corporate strategy and continued growth . we believe this next evolution of amerisourcebergen will enable the company to be more nimble and effective , actively supporting our customers as they grow and unlock the full value of their businesses . ”
the teamsters say hall has led their ongoing push to have mckesson ' s board take a closer look at compliance issues and hold the ceo responsible for failures by including them in the metric for executive compensation . the union brought similar demands to amerisourcebergen ' s shareholders meeting thursday .
“this is our largest gathering of customers who really interact daily and directly affect patients’ lives , ” said steve collis , president and ceo of amerisourcebergen . “ [ good neighbor pharmacy ] is a bedrock constituency within amerisourcebergen . our company would not be where it is today without the strong collaboration we’ve had with our independent pharmacy customers over the decades that we’ve worked with you , ” he said . “the decisions we’re making as a company are always mindful of the impact they have on you and also the tens of thousands of other stakeholders that we serve . ”
amerisourcebergen , the nation’s third largest drug wholesaler , shipped 80 . 3 million hydrocodone pills and 38 . 4 million oxycodone pills to west virginia over the five - year span — the highest totals for both drugs by any company named in the state’s lawsuit , according to the filing .
earlier this year , a debate sparked about whether or not to unseal court records in the case . amerisourcebergen asked for the request to unseal them to be denied . in may , thompson agreed to unseal them . the charleston gazette - mail made the request to unseal the records .
the annual conference and trade show by amerisourcebergen and good neighbor pharmacy is a four - day event where independent community pharmacies receive practical and clinical education to help them diversify their revenue streams and optimize their core business , plus they have access to exclusive deals and discounts on product purchases .
with amerisourcebergen’s psao , elevate provider network , pharmacies receive access to managed care services and pbm contracting advantages normally reserved for larger chains . benefits of joining our psao include contract negotiation powered by data - driven insights , centralized claims payment and reconciliation , and other tools to help you maximize reimbursement .
contributions to dewine were part of about $ 942 , 000 in donations to ohio candidates since 1999 , according to data from the secretary of state’s office . pennsylvania - based amerisourcebergen’s pac gave $ 114 , 00 in the same period , while california - based mckesson corp . added about $ 25 , 000 .
amerisourcebergen announced a new organizational structure “designed to further align the organization to its customer needs in a more seamless and unified way , while supporting corporate strategy and accelerating growth , ” the company announced in a release . the company’s customer - facing offerings will now be aligned under two groups . the first , pharmaceutical distribution and strategic global sourcing , will be led by group president robert p . mauch , pharm . d . , ph . d . , and includes the company’s services to pharmacies , health systems , physician practices , pharmacies and alternate care sites as well as amerisourcebergen’s sourcing , repackaging and specialty pharmacy capabilities .
we’re also looking at that purpose statement from the role that animal health plays in the broader amerisourcebergen enterprises . we’ve spoken about how important it is for animal health to still be in the name , and that’s a reflection of being united . it’s a strong and powerful position to focus in on that why .
amerisourcebergen may be
underestimating the kind of reputational , legal , and political risks they face ,
pryce - jones said . he drew a parallel with the wells fargo scandal that began with reports of unethical activity by sales reps and has deeply shaken the bank , whose board cut eight executives ' pay on wednesday .
and i think one thing that our sales force appreciates is that there is a lot of stability within mwi . we’re in a good place in the market right now . it’s a healthy market , and a lot of stability within our company . they even see the profile of animal health within amerisourcebergen growing in profile .
valley forge , pa . - - ( business wire ) - - jul . 5 , 2018 - - amerisourcebergen corporation ( nyse : abc ) today announced that it plans to release its results for the third quarter fiscal 2018 on thursday , august 2 , 2018 prior to the opening of trading on the new york stock exchange .
healthier futures start with the community practices that deliver positive clinical outcomes and exceptional care . by leveraging the full power of amerisourcebergen’s integrated service and technology offerings , we help practices improve efficiency and enhance the patient experience . partnering with us helps your practice remain viable through unmatched product access , actionable data insights and market - leading specialty expertise .
after being targeted along with other leading prescription drug distributors for blame in west virginia’s growing opioid abuse epidemic , amerisourcebergen has settled a lawsuit from the state’s attorney general for $ 16 million , according to a report in the washington post by scott higham and lenny bernstein . the chesterbrook - based pharmaceutical giant denied wrongdoing in the case , …
“for years , independent pharmacists have accepted the reality that many different vendors are absolutely required to cover [ reimbursement - processing ] tasks , ” david neu , evp retail strategy at amerisourcebergen and president of good neighbor pharmacy , told attendees to this year’s thoughtspot 2015 when making the announcement . “elevate provider network is a psao with much more muscle . ”
valley forge , pa . - - ( business wire ) - - may 10 , 2018 - - the board of directors of amerisourcebergen corporation ( nyse : abc ) today declared a quarterly dividend of $ 0 . 38 per common share , payable june 4 , 2018 , to stockholders of record at the close of business on may 21 , 2018 .
as a part of amerisourcebergen , us bioservices continues to offer the clinical expertise and excellent patient care expected from an independent specialty pharmacy , combined with the stability and infrastructure of a global organization . providing nationwide dispensing from eight pharmacy locations , us bioservices delivers specialty pharmacy solutions that improve outcomes and make a difference in the lives of our patients every day .
mauch identified three primary directives that amerisourcebergen is incorporating into its programs to the benefit of good neighbor pharmacy : putting the patient first , providing the appropriate economic value and becoming more strategically relevant . “that’s what good neighbor pharmacy is all about . we want to be your partner . we want to help you grow a healthy business , ” he said .
along with the plethora of networking opportunities , pharmacy toolbox offerings and ce sessions , thoughtspot attendees were treated to a keynote address from mike rowe , principal of cnn’s “somebody’s gotta do it . ” and amerisourcebergen closed the show on a high note with a performance by pat monahan , the grammy - winning , multi - platinum - selling lead singer of train .
amerisourcebergen works alongside our customers and washington , d . c . - based organizations and coalitions to support a unified , influential advocacy voice for critical issues impacting pharmacies and their patients . we feel so strongly about the importance of your voice and role as a healthcare provider in your community that we have a dedicated government affairs team in washington , d . c .
sponsored by amerisourcebergen , urltoken delivers insights to help our customers capitalize on the dynamic changes in healthcare delivery . throughout the product lifecycle and across the healthcare continuum , manufacturers , providers , health systems and pharmacies can look to knowledgedriven for expertise to inform their business . for providers , knowledgedriven offers insight that navigates the delivery of healthcare amidst pressure to reduce costs and improve patient outcomes .
only amerisourcebergen offers solutions that position your pharmacy as a pillar of community - based care . our expert guidance helps you find innovative ways to drive revenue , while our industry influence increases your value and profitability . with superior distribution capabilities and a generic formulary that helps pharmacies control costs , our tailored solutions let you worry less about running your business and focus more on caring for your patients .
it ' s not just a marketing slogan . at amerisourcebergen , our people matter . our patients depend on us to deliver life - saving medication , and our associates depend on us to foster an environment of diversity , inclusion and patient - centered care . come work with us and see why our corporate headquarters has been named a
top place to work
by urltoken for 5 years running .
access to the right product at the right time is a cornerstone of delivering patient care and operating a healthy pharmacy . amerisourcebergen maintains consistent and secure distribution of millions of products delivered daily . this reliability ensures that pharmacists can spend less time on inventory and product integrity concerns and more time delivering quality patient care . in addition , reliable customer service and market leading expertise help pharmacists stay informed and manage operations .
pharmaceutical distribution and strategic global sourcing — will be led by group president robert p . mauch , pharm . d . , ph . d . , and includes the company’s services to retail chain and independent pharmacies , health systems , physician practices and alternate care sites as well as amerisourcebergen’s sourcing , repackaging and specialty pharmacy capabilities . peyton howell will assume a new role as president , health systems , physician practices and strategic health solutions
in west virginia , lawyers for cabell county and other local governments have sued drug sellers including mckesson , cardinal health inc . and amerisourcebergen corp . , alleging they reaped $ 17 billion while creating a public - health hazard by flooding the state with drugs . in cabell county , the companies sold 40 million doses of prescription opioids from 2007 to 2012 in a county with a population of 96 , 000 , according to their lawsuit .
one of the things we’ve done from a amerisourcebergen company - wide perspective is we have aligned to a new purpose statement – we are united in our responsibility to create healthier futures . when we think about the unique time we’re in , that’s an important statement for us to make . from an animal health perspective , as the world population grows , our opportunity in creating healthier futures is focusing in on how we enhance and enrich the human - animal bond .
when a company such as amerisourcebergen splits its shares , the market capitalization before and after the split takes place remains stable , meaning the shareholder now owns more shares but each are valued at a lower price per share . often , however , a lower priced stock on a per - share basis can attract a wider range of buyers . if that increased demand causes the share price to appreciate , then the total market capitalization rises post - split . this does not always happen , however , often depending on the underlying fundamentals of the business . looking at the abc split history from start to finish , an original position size of 1000 shares would have turned into 4000 today . below , we examine the compound annual growth rate — cagr for short — of an investment into amerisourcebergen shares , starting with a $ 10 , 000 purchase of abc , presented on a split - history - adjusted basis factoring in the complete abc split history .
in addition to the new network , amerisourcebergen opened its premier level of good neighbor pharmacy to all partners without restrictions . “every pharmacy in the country , regardless of pharmacy systems … everybody in the country can participate in premier , ” neu said . “the roadblock is gone for any of you to participate at the highest level . by uniting independent pharmacies under one brand , we’ve got to help you compete broadly and still maintain that independence . it’s a very nuanced balance . ”
in response to the union’s questions thursday , amerisourcebergen executives offered to meet with teamsters officials to “share ideas and provide accurate information on our role in the supply chain and the significant steps we take to prevent drug diversion , ” gabe weissman , a company spokesman , told the gazette mail . . . “we depend on pharmacies ordering products appropriately and doctors . . . prescribing them appropriately . we’re interested in collaborating with those who share in our mission to provide safe access to medication . ”
as of june 30 , 2016 , the pharmaceutical distribution segment consists of two operating segments , including the operations of amerisourcebergen drug corporation ( abdc ) and amerisourcebergen specialty group ( absg ) , which distributes specialty drugs to their customers . servicing healthcare providers in the pharmaceutical supply channel , the pharmaceutical distribution segment ' s operations provide drug distribution and related services . abdc distributes an offering of generic pharmaceuticals ( including specialty pharmaceutical products ) , over - the - counter healthcare products , home healthcare supplies and equipment , outsourced compounded sterile preparations , and related services to a range of healthcare providers , including acute care hospitals and health systems , independent and chain retail pharmacies , mail order pharmacies , medical clinics , long - term care and other alternate site pharmacies , and other customers . abdc also provides pharmacy management , staffing and other consulting services , and supply management software to a range of retail and institutional healthcare providers . additionally , abdc delivers packaging solutions to institutional and retail healthcare providers .
“we’ll do that by recapturing the sense of individualized service you’ve asked us for , while leveraging our technology and infrastructure investments with greater effectiveness . we’ll do that by staying as connected to you and as transparent to you in the development of new tools that improve the way you care for your patients . and finally , we’ll do that by continuing to grow amerisourcebergen into a global leader of pharmaceutical services because the stronger we are as an individual company , the stronger a partner we can be for you . ”
“i’m here today on behalf of my community and on behalf of philadelphians , ” taylor said . “no one in that community escapes that problem . everyone has it in their family or in a neighbor , i have it in my own family . . . so what we are asking for here today , what i am personally asking for , it’s not just this company ( amerisourcebergen ) , it’s every distributor to have maximum diligence on where these drugs go . . . we’re overprescribing , we need to stop . ”
bob mauch later addressed thoughtspot 2015 participants for the first time as president of amerisourcebergen drug corp . and explained his own personal connection to retail pharmacy . “growing up , i was immersed in independent community pharmacy , ” he said . his father was a pharmacist ; both himself and his sister became pharmacists ; and he later married a pharmacist . “it’s important for you to know that independent community pharmacy is in my blood , literally , ” he said . “i’ve lived your challenges . i feel the sense of urgency that you feel every single day . ”
as a good neighbor pharmacy member you’ll leverage the in - depth knowledge of business coaches , subject matter experts , advertising managers and sales representatives who stay current with healthcare policy and trends , and bring unique retail pharmacy expertise . you’ll benefit from the combined reach of more than 4 , 500 like - minded independent pharmacies , including our managed care cooperative , elevate provider network , and the market leadership of amerisourcebergen . experience the success of a partnership philosophy that is collaborative and driven by our commitment to help independent pharmacies take advantage of the changes in healthcare delivery .
this company is amazing . i ' ve worked for this company for over 20 years , in many different roles . yes , there has been change , lots of change , but show me a company that hasn ' t had change . yes , people have lost their jobs , lots of people , but amerisourcebergen continues to hire ( and rehire ) people as the business needs require . if you find a company that doesn ' t change or make workforce reductions , i suggest you stay there forever . abc is a fair , equitable and forward thinking company .
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leadership is awesome . every company will have a few bad apples , many have written reviews on this site , but you won ' t find a company more committed to their hourly associates .
the other segment consists of the operations of various segments , including the amerisourcebergen consulting services ( abcs ) , the world courier group , inc . ( world courier ) and the mwi veterinary supply , inc . ( mwi ) . abcs , through a range of operating businesses , provides commercialization support services , including reimbursement support programs , outcomes research , contract field staffing , patient assistance and co - pay assistance programs , adherence programs , risk mitigation services , and other market access programs to pharmaceutical and biotechnology manufacturers . world courier , which operates in over 50 countries , is a global specialty transportation and logistics provider for the biopharmaceutical industry . mwi is an animal health distribution company in the united states and in the united kingdom . mwi sells pharmaceuticals , vaccines , parasiticides , diagnostics , micro feed ingredients , and various other products to customers in both the companion animal and production animal markets .
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view the resources page to access materials from previous events , webinars with industry experts , white papers and much more . the resources page is continually being updated so be sure to check back often .
thoughtspot , the annual conference and trade show by good neighbor pharmacy , is a four - day event for independent community pharmacies where you ' ll receive practical and clinical education to help you diversify your revenue streams and optimize your core business , plus exclusive deals and discounts on product purchases . the insights and expertise you ' ll experience at thoughtspot will help you build a better business , find growth opportunities and maintain your status as a preferred healthcare destination in your community .
the nation ' s largest drugstore chain says it will own a 15 percent stake after exercising warrants to purchase 22 . 7 million shares .
walgreens boots alliance inc . started building that stake in 2013 , when the companies entered a 10 - year supply agreement . walgreens still holds warrants to buy another 22 . 7 million shares in the chesterbrook , pennsylvania , company .
there is pressure on the health care industry , from pharmaceutical makers to sellers , to cut medical costs , especially as millions of americans adapt to the affordable care act . consumers have also reduced their own spending on prescriptions , making it even tougher to increase profitability in the business , experts say .
walgreens runs more than 13 , 000 drugstores in 11 countries . it plans to boost that total by buying rival drugstore chain rite aid corp . for more than $ 9 billion , a deal expected to close later this year .
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as biosimilars launch , they are shaping the treatment landscape . these new options are also creating new opportunities for health system pharmacy leaders to expand their influence on patient outcomes .
medication adherence matters for pharmacies and patients . learn how can pharmacies connect with their non - adherent patients and keep them on their medication regimen .
an executive q & a ; on challenges and opportunities related to reimbursement , coding and coverage for cell and gene therapies .
an executive q & a ; on the role of data and the future of innovative reimbursement modeling for cell and gene therapies .
by promoting health and wellness , pharmacists play a crucial role in their communities . explore three examples of how pharmacists can positively impact the lives of the people they serve .
when it comes to diabetes care , community pharmacies have an opportunity to be the leading resource for patients .
our experts explain how specialty pharmacy can emerge as the centerpiece of clinically - integrated , patient - centered care that minimizes obstacles and optimizes outcomes .
explore the fundamentals of blockchain and how it could be used by the healthcare industry to achieve dscsa compliance .
learn how the right specialty pharmacy can offer value - added services for physician practices and patients .
the primary benefits of consolidated distribution , and what health systems need to know before getting started .
how manufacturers can benefit from provider - led care coordination to improve patient outcomes .
while suppliers are making fewer pre - packaged unit dose treatments available , health system pharmacies still have options for acquiring them . learn which is best .
how do channel strategy decisions impact providers and patients—and how can you ensure a patient - centric commercialization strategy ? our strategic global sourcing experts share insights on how customers respond to channel strategy decisions .
if you’re ready to take the leap to multiple - pharmacy ownership , here are considerations to help your growing business thrive .
our experts look at what president trump ' s new plan for reducing drug prices means for manufacturers , pharmacies and the drug wholesale industry .
how health systems can gain the benefits of a centralized distribution model without the excessive capital investment .
ambulatory pharmacies have potential for expanding the health system ' s role in patient care . learn four key ways ambulatory pharmacies are driving health system success .
can health systems implement self - distribution without the capital investment in freestanding warehouse space ? yes .
the decision to purchase a pharmacy is a big one . once that decision is made , there are a few key steps to finding the right pharmacy and closing a deal .
with a significant number of obese and overweight adults in the united states , community pharmacists are poised to address the problem . tips on how .
how drug manufacturers , health systems and payers can collaborate more closely in the new world of patient - centered care .
the growing trend toward value - based payment models and ongoing demand for clinical outcomes creates a need for better coordination of care . what challenges does this create for health system specialty pharmacies and what opportunities does this present for demonstrating value ?
xcenda examines payer tactics for managing commercial copay assistance in a new issue brief .
caregivers can depend on community pharmacies to provide the support and guidance needed to safeguard the health of their family members .
how hospitals and health systems are leveraging patient assistance programs to ease the financial burden of caring for under - and un - insured patients .
do you have the entrepreneurial spirit and drive to be a successful pharmacy owner ? here are some things you should know before you begin your journey .
learn how one pharmacy successfully implemented a comprehensive smoking cessation program - - and how you can duplicate the results .
expert perspectives on how patient engagement and adherence strategies are evolving to meet each individual’s unique needs .
independent pharmacists share what it means to be independent and why independent pharmacy is worth protecting .
an effective unsaleable returns program can help independent pharmacies maximize the recoverable value of expired products and boost profitability .
an expert , data - driven evaluation can help provider practices deliver the high - quality , efficient care necessary for success in new reimbursement models .
understanding the accreditation process can put pharmacies on the path to the gold standard for patient care .
key healthcare and health policy trends to watch in 2018 - - and what they mean for pharmaceutical manufacturers .
planning ahead can help a community pharmacy owner maximize the value of their business for when he or she inevitably decides to retire or sell .
how inventory management solutions can help maximize operational and financial control in the ever - changing healthcare landscape .
learn how immunizations present an opportunity for additional pharmacy revenue and enhanced patient care .
“we found a model that worked , and it has allowed us to grow rapidly . the impetus was to do what the bigger guys do , but better . ”
u . s . biosimilars are coming , just as they’ve arrived and prospered in the europe . by ensuring positive patient experiences , specialty pharmacies will help usher in a sustainable wave of biosimilar products .
access to experienced coaches who offer innovative ideas for solving pharmacy challenges is the hallmark of good neighbor pharmacy business coaching . learn about some of the expert guidance a few of our business coaches have provided pharmacies .
thinking about retirement ? explore five considerations to preserve the legacy of independent pharmacy for future generations .
is your community pharmacy doing everything it can to gain and maintain patients through an online presence ? increase your community pharmacy’s digital footprint with these four tips .
community pharmacists can improve adherence and outcomes by identifying health literacy issues and helping patients better understand their options .
follow these unique tips to improve your community pharmacy’s business through the holiday season .
how a community pharmacy can stay ahead of the curve by leveraging advancements in technology .
misconceptions about specialty pharmacy and the importance of meeting patients where they are in their healthcare journey .
by enhancing existing infrastructure and core assets with emerging technologies , pharmacy can be a driving force in an impactful population health management initiative .
how an effective meds - to - beds program and robust data analytics can improve care continuity and lower readmissions for successful value - based care .
political advocacy can be intimidating , but it doesn’t need to be . here are a few tips to help you get started .
learn how community pharmacies can customize their marketing efforts and create stronger relationships with prescribers .
everyone has a story . learn how telling yours could help your practice thrive .
learn the unintended consequences of channel strategy decisions and the impact on patients and providers .
how community pharmacies can use data - driven marketing to strengthen their relationships with prescribers , deliver better patient care and grow their businesses .
why it ' s crucial for veterinarians to create value in order to strengthen sales , productivity and client engagement .
check out these tips for boosting customer satisfaction and retention by meeting and exceeding patient expectations .
learn about the unique opportunities pharmacies have to lower drug costs , increase revenue and improve the patient experience .
alternative methodologies for coding biosimilars reveal an addition $ 15 . 1 billion in hidden savings .
how community oncology practices can unlock the power of data for successful value - based care .
these key considerations can help veterinarians better understand the nature of the liability they ' re assuming when entering property leases .
the importance of cycle counts in providing an ongoing measure of inventory accuracy for high - value , high - movement items .
what should manufacturers look for in a specialty pharmacy partner ? learn six ways the right sp can add value .
it ' s easy for employees to feel overwhelmed and distracted in a hectic community pharmacy . here are six ways to help them stay engaged , motivated and focused .
in supply chain decisions , a wholly new type of product demands a wholly new definition for supply chain expertise and effective support .
learn what it takes to design an effective commercialization strategy and execute an integrated solution when the patient is in the supply chain .
analytics is trending in transitional care , with impressive results for high - risk patients .
sam herbert , president of world courier , shares the factors that are driving trial sponsors to deploy innovative approaches to manage expenses and improve trial success .
explore what it means to put patients at the center of support program design through this interactive experience drawing perspective from real patients and how they view healthcare .