I wrote about this once before and actually talked to an executive at UPS about this. We we talking about insulin pumps and the ability to have a replacement out to a patient in a hurry as they are stocked at the UPS facility and not at the manufacturer’s location or warehouse. The article states that 80% of the US hospitals are reachable with a shipment within 4 hours. Of course this mean you have to pay for it and I’m sure it’s not standard UPS ground rates:)
I said too at one point in time you could see the pharmacy benefit management start moving into such warehouses and while we are not there yet, well who knows.
UPS Healthcare Fulfillment Centers Continue to Grow And What Effect Could This Have on the Future Further Changing the Pharmacy Benefit Business?
Here’s a coupe more additional back links, so you can see their plant noted below have taken place according to this article. In Louisville, pharmacists fill 4000 orders a day or insulin pumps and they are employed by UPS. They are connected directly to the Medtronic fulfillment system so the order is filled as it if was pulled from a Medtronic warehouse. There are a total of 46 dedicated healthcare distribution centers in the UPS system. BD
UPS to spend $100 million on 4 New Global Distribution Centers To Serve Biotech, Pharma and Medical Device Companies
The company said the 36 new healthcare-compliant Field Stocking Locations mean that for medical device manufacturers, products can reach more than 80% of US hospital beds in just four hours.
The world’s biggest package delivery firm said the Field Stocking Laboratories feature temperature-controlled or monitored environments to meet the storage needs for medical items.
UPS claimed that the new supply chain approach would help manufacturers manage their inventory more efficiently while meeting increasingly stringent industry standards and regulations — while also cutting inventory costs.
John Menna, UPS vice president of global healthcare strategy said: “Due to an increasingly complex regulatory environment and significant cost pressures, medical device manufacturers are looking to the supply chain to lower costs through inventory reduction and enhanced visibility.
Along with its network of US Field Stocking Laboratories, the company now has 46 dedicated healthcare distribution facilities worldwide.