Business Details
30 Years
experience
Empowering Community Pharmacies with Strategic Partnerships
Founded in 1996 as a subsidiary of the Philadelphia Association of Retail Druggists (PARD), Kpparx was established with a singular mission: to empower independent pharmacies through strategic partnerships, purchasing power, and dedicated support. Our organization delivers value-driven contracts, expert advocacy, and programs designed to ensure the profitability and compliance of independent pharmacies in a rapidly evolving healthcare landscape. With affiliations with Aspire and FPN, we provide access to primary contracts with major wholesalers like Cardinal Health, Cencora, and McKesson, alongside over 50 vendor partnerships covering pharmacy operations, vaccines, and more.Our team of field sales representatives and office support professionals works tirelessly to help members maximize their bottom line through tailored solutions. As a trusted business ally, we prioritize relevance, compliance, and profitability for our members, offering advanced analytics, invoice reviews, and a member shareback program that distributes profits among participating pharmacies. Our commitment to independent pharmacy is rooted in over 25 years of experience, a legacy of advocacy, and a forward-looking approach to industry challenges.
Services
Strategic Contracting
Compliance Support
Advocacy Services
Sales Support
Purchasing Alliances
Vendor Partnerships
Analytics & Operations
Training Programs
Legislative Representation
Member Profit Sharing
Details
- Year established: 1996
Highlights and features
- Dedicated sales and office support tailored to pharmacy needs
- Strong partnerships with major wholesalers ensure competitive pricing
- Active affiliations with PPA and NCPA for national advocacy
- Access to over 75 pre-negotiated contracts covering operations and merchandise
- Member shareback program distributes profits among participating pharmacies
Associations and certifications
- VAWD
What people say
Legislative advocacy
Competitive contracts
Profit-sharing program
Dedicated support
Vendor partnerships
Services
Strategic Contracting
Keystone secures favorable pricing and terms through direct negotiations with wholesalers and vendors. Our team ensures pharmacies access competitive contracts for pharmaceuticals, front-of-store merchandise, and operational supplies. This service leverages collective buying power to maximize profitability while maintaining flexibility for individual pharmacy needs.
Compliance Support
We provide resources and expert guidance to help pharmacies meet federal and state regulations, including DSCSA compliance. Our support includes policy development, audit assistance, and training programs to ensure pharmacies remain compliant with evolving industry standards.
Advocacy Services
Keystone actively advocates for independent pharmacies at the state and national levels. We partner with organizations like PPA and NCPA to influence policy, combat unfair practices, and secure better reimbursement rates, ensuring pharmacies thrive in a competitive market.
Analytics & Operations
Our analytics tools help pharmacies optimize wholesaler agreements and purchasing strategies. By tracking generic product launches and loss of exclusivity, we identify cost-saving opportunities and provide actionable insights to improve operational efficiency.
Member Profit Sharing
Keystones shareback program returns a portion of profits to participating pharmacies. This initiative rewards member loyalty and reinvests in the success of independent pharmacies through monthly rebate payments.
People
Rob Frankil
Executive Director, PARD
Rob Frankil leads PARDs advocacy efforts, focusing on legislative reforms that protect independent pharmacies. With decades of experience in pharmacy policy, he has been instrumental in securing Medicaid reimbursement rate improvements and passing groundbreaking legislation like Act 77.
Steve Finkelstein
Executive Director, Keystone
Steve Finkelstein oversees Keystones strategic direction, emphasizing purchasing power and member profitability. His leadership focuses on expanding vendor partnerships and ensuring pharmacies access cost-effective solutions to thrive in competitive markets.
Sylvia Fernandez
Inside Business Consultant, Keystone
Sylvia Fernandez provides operational support to Keystone members, specializing in vendor program implementation. She assists pharmacies in leveraging contracted services to enhance efficiency and profitability through tailored consulting.
Questions
What services does Keystone offer independent pharmacies?
Keystone provides strategic contracting, compliance support, advocacy, analytics, and profit-sharing programs to enhance pharmacy profitability and compliance.
How does Keystone help pharmacies save money?
Through group purchasing power, Keystone negotiates competitive pricing with wholesalers and vendors, offering over 75 pre-negotiated contracts to reduce operational costs.
Is Keystone affiliated with any advocacy groups?
Yes, Keystone partners with PPA and NCPA to advocate for independent pharmacies at state and national levels, influencing policy and reimbursement rates.
What regions does Keystone serve?
Keystone supports pharmacies across Pennsylvania, New Jersey, Delaware, and Maryland, with a focus on regional and national advocacy.
How can pharmacies join Keystone?
Pharmacies can join by completing a membership application and accessing benefits like contract negotiations, compliance resources, and profit-sharing opportunities.
Reviews (1)
Tracee Doroshow
Dec 10, 2017
Report
My son was given a prescription which was free for the first 3 Times. The prescription ran out and our dermatologist called keystone with a new prescription. The pharmacy called with a price to let me know if I wanted to continue the process. Their price blew me away!!!! I said of course. How can they do this. It was unreal of a deal... same product, same manufacturer . A great buy, had the new script in 2 days!!! Unbelievable! I feel lucky!
