Based in New York, Guaranteed Returns (GRx) ensures pharmacy customers meet federal, state, and local regulations in terms of pharmaceutical returns. The company continually works to develop innovative programs for customers while providing the necessary accountability. Guaranteed Returns is committed to helping pharmacies reduce non-returnable products and maximize ROI.
Every year, pharmacies and hospitals in the US lose billions of dollars from disposing of unused or expired pharmaceuticals. For example, a 2016 study estimated that healthcare providers wasted $3 billion annually from leftover cancer drugs. To counter that, the US health care industry has designed a process where some of these medications can be returned to manufacturers or specialized brokers for management and disposal.
Reverse distributors develop programs that help pharmacies and hospitals safely remove unused medications and pharmaceutical waste while maintaining compliance with Food and Drug Administration and Environmental Protection Agency regulations. In addition, federal and state laws need to be followed and secure electronic distribution tracking systems are used.
Clear differentiation must be made between pharmaceutical products to be returned for management, those shipped erroneously, and those delivered when damaged. Similar distinctions must be made between returned by a healthcare provider and those recalled for whatever reason.
