AmerisourceBergen 2007 Annual Report Download - page 7

to tens of thousands of
difficult-to-reach retail outlets
through a single point of
contact with AmerisourceBergen.
When a new generic is launched,
we make sure the new product
is available on pharmacy shelves
within 24 to 48 hours of
Food and Drug Administration
(FDA) approval. Our automatic
order substitution programs
immediately adjust to generic conversions, and manufacturers
quickly achieve significant market penetration.
Our retail customers benefit by having access to competitive
pricing on generics and immediate access to new products. The
generic market is very dynamic, and AmerisourceBergen is constantly
monitoring market pricing and other factors to ensure that we are
always delivering the best overall generic value to our customers.
Wecontinuously look for ways to improve our offering, and over
thelast few years,we have begun sourcing a portion of our generics
from global manufacturers. Regardless of the origin of the products,
we always carefully screen manufacturers to make sure that they
meet all FDA requirements, and can deliver the highest quality
product. All of these efforts ultimately are aimed at giving our
retail customers a competitive price in themarketplace, and the
opportunity to improve theeconomics oftheir storeby filling
generic prescriptions in the most efficient manner possible.
In addition to our proprietary generics program, we offer
other innovative programs and services to pharmacy owners and
pharmacists that help them run their business more efficiently and
enable them to spend more time serving patients. One such program
is Good Neighbor Pharmacy®(GNP), a network of nearly 2,800
independently owned stores that benefit from a single brand identity,
co-operative national advertising, and private label products.
Another program, the Good Neighbor Pharmacy Provider Network™,
consists of approximately 5,000 stores that have joined together
for the benefit of being included in managed care provider networks
nationwide. The Good Neighbor Pharmacy Provider Network is
the third largest provider network in the U.S., behind only the
two largest national retail pharmacy chains. Membership in these
networks gives our customers the ability to effectively compete
with the largest national chain stores.
In response to the challenges facing retail pharmacies over
the last few years, AmerisourceBergen has developed a suite of
services that enhance our value proposition for customers and
help them drive their business to greater success. These services
include tailored solutions for managing front-end store merchandising,
assisting with disease management programs, developing targeted
data reports and benchmarks for store performance, and business
coachingto achieve optimum financial performance. We also support
programslikeDiabetes Shoppe®,which enhances thepharmacist’s
role as a healthcare provider and a key resource in disease
management. We continually look for new ways to provide value
to our customers and to help ensure that community pharmacies
will thrive for many years to come.
FY01 FY02 FY03 FY04 FY05 FY06 FY07
GAAP Diluted EPS from
Continuing Operations
$1.57
$1.95
$2.06
$1.37
$1.06
CAGR 16.4%
$2.26
$2.63
9:52 pm BROOKS, KY
Associates pull orders of specialty products that require
refrigeration and place them in insulated shipping containers
5
10:37 pm RENO, NV
Associates carefully prepare
specialty pharmaceuticals for
shipment to physician offices