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Press Release
Contact:
Jeff Van Ness, HDMA, (703) 885-0216
jvanness@hdmanet.org

AMERISOURCEBERGEN, PURDUE PHARMA, VALUECENTRIC WIN IBUSINESS SOLUTION AWARDS AT HDMA’S 2005 DISTRIBUTION MANAGEMENT CONFERENCE & EXPO

Arlington, Va., June 15, 2005 – Honoring the use of innovative technology to streamline operations and improve business efficiencies, the Healthcare Distribution Management Association (HDMA) presented its iBusiness Solution Awards to AmerisourceBergen Corp., Purdue Pharma, L.P. and ValueCentric, LLC. The Awards were presented today at the HDMA 2005 Distribution Management Conference & Expo (DMC) in Orlando, Fla.

“These HDMA member companies have adopted sophisticated technology solutions that enhance productivity, drive process improvements and create additional value for customers,” said John M. Gray, HDMA President and CEO. “This year’s iBusiness Solution Award winners are leading the way in business innovation.”

In the distributor category, the iBusiness Solution Award was presented to AmerisourceBergen Corporation for adopting new software technology to automate management of contract and chargeback processes. Using the software, AmerisourceBergen reports more efficient and accurate record tracking; improved productivity and more efficient resource balancing; greater visibility into key performance indicators; and reduced turnaround time for contract and chargeback reconciliations.

In the manufacturer category, Purdue Pharma L.P. was honored with the iBusiness Solution Award for using RFID tags to track individual product units through the supply chain. Using RFID tags, Purdue Pharma has been able to generate e-pedigrees for all tagged items, effectively improving supply chain visibility. RFID technology also has improved efficiency, allowing Purdue and its trading partners to effectively “read” information contained on RFID tags sealed in a densely-packed carton in less than five seconds.

In the affiliate category, ValueCentric, LLC won the iBusiness Solution Award for its ValueTrak Application Service, a secure, hosted subscription service for managing and monitoring the terms of business partner agreements. The service utilizes electronic data interchange (EDI) transaction sets to assess business partner performance as well as forecast future demand, monitor sales, improve order management and dynamically report information to channel partners.

About HDMA

The Healthcare Distribution Management Association (HDMA) is the national association representing primary, full-service healthcare distributors. Each business day, the member companies of HDMA are responsible for ensuring that more than eight million prescription medicines and healthcare products are safely delivered to 145,000 pharmacies, hospitals, nursing homes, physician offices, clinics, government and other providers in all 50 states. This essential public health function is provided with tremendous efficiency, saving the nation’s healthcare system nearly $32 billion each year. HDMA and its members are the vital link in the healthcare system, working daily to provide value, remove costs and develop innovative solutions to deliver care safely and effectively.
 
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