SOURCE: TraceLink Inc.

TraceLink Inc.

TraceLink Inc.

September 01, 2015 09:00 ET

TraceLink Joins Forces With Yankee Alliance to Deliver Cost-Effective DSCSA Compliance Software to Membership of More Than 12,000

NORTH READING, MA--(Marketwired - Sep 1, 2015) - TraceLink Inc., the world's largest track and trace network for connecting the life sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace, today launched the Yankee Alliance Preferred Partner Program. The program enables more than 12,000 Yankee Alliance member pharmacies, clinics, hospitals, care facilities and physician practices to take advantage of preferred partner pricing and pre-negotiated terms when purchasing TraceLink's proven Product Track transaction history management software to meet the compliance requirements of the US Drug Supply Chain Security Act (DSCSA).

As a national group purchasing organization working with members across a range of industries, Yankee Alliance helps to reduce member expenses through aggregation of data, purchasing, ideas and knowledge. The company's decision to partner with TraceLink extends that commitment to ensure that all Yankee Alliance members who dispense prescription medications to patients have access to the leading DSCSA compliance solution used by US dispensers -- with the benefit of additional cost savings. 

"With roughly eight weeks remaining until the November 1 deadline when the FDA will begin to enforce DSCSA for pharmacies, many of our members are seeking the most cost effective way to achieve compliance without disrupting their day-to-day operations and the care they provide to patients," said John Vlahopoulos, VP of Pharmacy Services at Yankee Alliance. "Through our partnership with TraceLink, we're able to offer our members the advantage of using Product Track software to meet their DSCSA requirements."

Shabbir Dahod, president and CEO of TraceLink, commented, "As the November 1 DSCSA enforcement deadline nears, TraceLink's network platform is the only way for independent pharmacies to quickly link to all of their upstream suppliers and achieve compliance in the shortest timeframe with the least amount of risk. We're pleased that Yankee Alliance has selected TraceLink Product Track as their recommended DSCSA compliance solution and we look forward to supporting their long-standing reputation of reducing the cost of products and services for their members and delivering real value to the bottom line."

Achieving DSCSA Compliance with Product Track

Pharmacy departments using Product Track will be able to digitally manage all of their Transaction History documents that are required under DSCSA. Users will experience a range of capabilities that simplify the compliance process, including:

  • Easy-to-use, web-based software for receiving and storing all DSCSA compliance documents;
  • Quickly confirm with a single mouse click that received shipments match quantity information provided by suppliers;
  • One direct data connection to all of their vendors and suppliers;
  • Storage of all DSCSA compliance documents for the required six years;
  • Comprehensive search capabilities to instantly find any compliance document;
  • 24/7 email support;
  • Connectivity to the largest online community of pharmaceutical suppliers, including more than 186,000 drug manufacturers, wholesale distributors and dispensers.

All users also have access to a digital learning environment full of self-paced courses to educate them about all of the aspects of compliance under DSCSA and how to use Product Track within their pharmacy workflow.

To learn more about how TraceLink and Yankee Alliance can help you protect your pharmacy operation and easily meet DSCSA requirements, visit the Yankee Alliance Preferred Partner Program.

About TraceLink
TraceLink is the world's largest track and trace network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Leading businesses, including 16 of the top-20 global pharmaceutical companies, trust the TraceLink Life Sciences Cloud to deliver complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. Winner of numerous industry awards including the Amazon AWS Global Start-Up Challenge Grand Prize and the Edison Award for Innovation in Health Management, the TraceLink Life Sciences Cloud is used by businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions, visit www.tracelink.com or follow us on LinkedIn, Twitter and Facebook.

TraceLink is funded by FirstMark Capital, Volition Capital and Fidelity Biosciences.

About Yankee Alliance
Yankee Alliance is a member-driven healthcare group purchasing organization founded in 1984 on a belief in collaboration, that working together can achieve more than working alone. Our mission is twofold: to work with members to reduce supply and operating expenses through aggregation of data, purchasing, ideas and knowledge and to excel in strategic innovations that continually assist members in reducing their cost while recognizing their individual needs. Today, Yankee Alliance remains true to the foundational belief in collaboration and has grown to over 12,000 members in all classes of trades across all 50 states. For more information visit www.yankeealliance.com.

For more information please contact; Amy Andrade, Vice President, Administration, Yankee Alliance, (978) 470-2000 or at aandrade@yankeealliance.com.

Contact Information

  • Media Contacts

    Laura MacSweeney (for TraceLink)
    Red Javelin Communications
    (781) 395-6420
    Email Contact

    Amy Andrade (for Yankee Alliance)
    Vice President, Administration
    Yankee Alliance
    (978) 470-2000
    Email Contact