ChainDrugStore.net has started a new chapter in its 6-year history. The pharmacy network recently completed the management-led buyout from its former parent company, the National Association of Chain Drug Stores (NACDS), with funding provided by a private investor.
ChainDrugStore.net, established by NACDS in 2000, will now expand beyond retail pharmacy to encompass all pharmacies and provide network access to managed care organizations whose goals are to communicate directly with pharmacy. The expansion of the network will include the addition of trusted industry data resources and analytics that will improve communication and measurable results for all involvedpharmacies, manufacturers, and managed care organizations, according to Todd Grover, ChainDrugStore.net president.
"NACDS developed ChainDrugStore.net to level the playing field for all pharmacies. We will continue to build on that model, while emphasizing the importance of pharmacy and its integral role in health care," he said.