Manufacturers Impact with Blockchain Technology

• Corey Greco | VP, Sales Operations, Armas Pharmaceutials

Blockchain technology has surfaced in the generic pharma arena addressing challenges associated with Contract Management, GPO interactions, and Chargeback adjudication. Manufacturers are now burdened with reducing overhead costs that impact the cost of each unit to get medication to patients safely, effectively, and efficiently. Blockchain technology can be used to enhance efficiencies in how partners interact including inventory management, sales data reporting, chargeback validations and rebate accruals.