HDA Factbook: Pharmaceutical distributor sales grow as operational efficiency remains strong
Sales across customer types shifted during the year.
Sales across customer types shifted during the year.
“Debbie and Rick bring deep industry experience and a strong understanding of the issues facing pharmaceutical distributors today,” said Chester “Chip” Davis, Jr., HDA president and chief executive officer.
Boehringer Ingelheim is recognized for its efforts to expand access to medicines and healthcare for underserved patients worldwide.
Established in 1959, the award honors manufacturer members for innovative products and promotions in healthcare distribution and for fostering collaborative business practices with distributor partners.
This year’s honorees are Henry Moran, Chief Operating Officer of ASC Associates; C. Todd Ratcliffe, President and CEO of the Pharmaceutical Security Institute; and Eric Newman, Chief Risk Officer at Falvey Insurance Group.
HDA has helped its members navigate regulatory change and rapid innovation to ensure the safe, efficient and reliable delivery of medicines.
The distributor and manufacturer member executives of the HDA Industry Relations Council select the award winners.
Cardinal Health was recognized for a project, “Enhancing DSCSA Transparency Through EDI 852 Quarantine Field Implementation."
Davis reaffirmed the critical role of distributors in the pharmaceutical supply chain and called on the subcommittee to explore the challenging reimbursement dynamics now facing providers.
By Chester “Chip” Davis Jr. is president and CEO of the Healthcare Distribution Alliance
“Her leadership and insight will strengthen HDA’s work on behalf of our healthcare distributor members. We are pleased to welcome her to the team.”
HDA’s latest benchmarking report shows specialty distributors facing growing logistical demands as specialty drug spending climbs to $417 billion.
Since 2004, HDA has commissioned the report to chronicle the evolution of the sector as it prepares for the rapid transformation of healthcare in the U.S.
Now in its seventh year, this annual scholarship is geared toward students pursuing any degree level or professional certification who work within HDA-member distributor and manufacturer companies.