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Partnership looks to ensure that chargebacks for suppliers are as accurate as possible
Chronicled, a technology company that powers pharma blockchain network MediLedger, and LogiCare3PL, a new third-party logistics (3PL) service launched by specialty distributor BioCare, Inc., have formed a partnership. The agreement is intended to help streamline pricing alignment and to verify chargeback accuracy for pharmaceutical suppliers. The aforementioned partnership makes Logicare3PL the first 3PL service to launch on the MediLedger Network, a system that aligns trading partners in real-time on pricing contracts, eligible customer lists and customer identity data.
BioCare notes that its goal when launching LogiCare3PL was to offer specialty pharma manufacturers all-inclusive orders to cash, inventory management, packaging and shipping services. Essentially, Logicare3PL wants to be able to assure US suppliers that the proper pricing is reaching the right customers as efficiently as possible, while avoiding any revenue leakage or errors that could potentially occur with 3PL chargebacks.
"As participation grows, we are excited to see partners like BioCare share our vision for alignment and collaboration across the pharmaceutical supply chain," says Susanne Somerville, CEO of Chronicled. "LogiCare3PL will make it possible for any supplier, no matter how small, to realize the benefits of blockchain innovation."