Arete Pharmacy Network and Topco Associates have announced a collaborative venture that will enable Topco’s member pharmacies to pursue contractual relationships with payers as a unified entity. The two organizations will create a new grocery chain contracting option for payers, which will serve as a network of high-quality pharmacies with national coverage.
The relationship with Topco is centered on the importance of building and maintaining a high-performing quality network of pharmacies. Topco and its member pharmacy organizations show a strong focus in this area, and the strategic alignment between our organizations became apparent very early in the conversations about a potential partnership. The entire team at Arete has embraced the opportunity to work with like-minded regional grocers,” said Rob McMahan, chief executive officer of Arete Pharmacy Network.
For Topco’s member-owners that operate pharmacies, the strategic relationship offers the benefit of aggregation, which delivers increased flexibility and a sustainable competitive advantage. Topco’s member pharmacies will utilize Arete’s managed care contracting expertise to market a national network of locally owned grocery pharmacies with high quality ratings and exceptional delivery of care to patients. Additionally, Topco’s member pharmacies will have access to Arete’s Quality Center, a web-based innovative performance toolkit of demonstrated value. The emphasis on quality improvement and outcomes is the driver behind the collaborative venture.
Topco’s collaboration with Arete Pharmacy Network delivers the scale our members need to gain access to a broader network of patients. By partnering together to increase our network, Topco member pharmacies will be able to more effectively compete in their respective markets and better serve their customers and communities,” said Randy Skoda, president & CEO of Topco Associates.