Brian K Bingham

US Patent:

20070067218, Mar 22, 2007

Filed:

Sep 18, 2006

Appl. No.:

11/522658

Inventors:

Brian Bingham - Layton UT, US

International Classification:

G06Q 30/00
G06Q 10/00

US Classification:

705014000, 705002000

Abstract:

A system and method in accordance with the principles of the invention provides a Web based drug product promotion which uses an administrator's webpage to list a network of participating pharmacies and promotes lower pricing of drug products by its network than that offered by other pharmacies. This is accomplished by first securing rebate commitments from drug suppliers of the drug products for reaching specific amounts of purchases of the drug products by the network. This is combined with securing pricing, performance and promotional commitments from the participating pharmacies in the network with respect to such drug products, such that the pricing and performance reflects rebates assigned to the participating pharmacies for reaching certain levels of market share at specified price points.