The founding of Northeast Pharmacy Service Corporation (NPSC) began with a meeting between four Massachusetts independent community pharmacy owners in 1990. Their purpose was to organize the independent pharmacies in Massachusetts under a single contract to provide prescription services for John Hancock of Massachusetts.
In early 1991, a consultant who had experience in the creation of networks and pharmacy service administration organizations (PSAO) spoke to the four. Recruitment of pharmacies into the network began in earnest. In eight months, there were 450 participating pharmacies in Massachusetts, southern New Hampshire, and Rhode Island.
In early 1991, a consultant who had experience in the creation of networks and pharmacy service administration organizations (PSAO) spoke to the four. Recruitment of pharmacies into the network began in earnest. In eight months, there were 450 participating pharmacies in Massachusetts, southern New Hampshire, and Rhode Island.
Services
Legally, NPSC is owned by the 13 Board members that sit on the Board of Directors of the corporation. However, in spirit NPSC is owned by the pharmacies that are part of the network. No Board Member can financially gain from his/her participation on the Board. The only financial remuneration that Board members receive is expenses for attending meetings 4 times per year.
Third Party programs and their administration are at the core of every community pharmacy's business. Access is defined by contracts. Problem resolution is facilitated by reliable contact information. Because this area is so important to Participating Pharmacies, NPSC devotes a lot of time and energy to third party activities.
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