CEO OF PHARMACY MARKETPLACE, CO-FOUNDER OF INVENTORY iQ, & PARTNER OF HINKLE PHARMACY

WADE HINKLE - PHARMACY MARKETPLACE - INVENTORY IQ

    Kyle is, hands down, the best attorney I've ever done business with. I've had to deal with a variety of people, some good and some shady, over the past few years for several different business deals, and if I had not had Kyle on my side, I would've been completely lost. Every single time he tells me not to do something, he turns out to be right; I'm stubborn, but eventually I learned to just listen to him. I trust people too easily, and Kyle understands that and ensures I’m protected in case things go sideways. He's flat out brilliant and has guided me for years. He is a straight shooter, doesn't waste time, and is worth every dollar and some. And no, none of this is fluff. . . He's just that good, and I'm that grateful.

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- Wade Hinkle

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  • One-of-a-kind, independent pharmacy, SAAS product that provides the best analytical purchasing decision for an individual pharmacy or a group

  • Analyzes each pharmacy's dispensing history with an artificially intelligent purchaser 

  • Learns the pharmacy's historical trends and factors in rebates to provide drug cost transparency across a network of primary and secondary wholesalers to determine which wholesaler is the most cost effective to meet the specific pharmacy's demand

  • Takes drug purchasing to the next level by factoring in the latest pharmacology and perpetual inventory standards to accomplish an automated RX shopping experience

inventory iq
  • Inventory consulting and perpetual inventory installation service for independent pharmacies

  • Converts non-perpetual inventory systems to perpetual inventory systems by providing a team of inventory specialists to individually count drugs and update the pharmacy's computer system; if a perpetual inventory system is already being used, Inventory iQ provides forecasting calculations to reduce the pharmacy's inventory to an optimal and efficient level

  • Provides a drug package analysis which (1) determines if a pharmacy is ordering cost-effective package sizes compared to the pharmacy's usage; (2) scans the pharmacy’s wholesaler to ensure the pharmacy is ordering the least expensive brand available; (3) pulls non-returnable/non-usable items and suggests selling on a secondary market; (4) pulls any expired goods found

  • Trains pharmacy staff on how to utilize electronic ordering methods through the pharmacy's computer system and how to make cost-effective purchases from the pharmacy's wholesaler

  • Benefits: Increased cash flow, increased probability, reduction in expired drugs, accurate inventory levels for tax purposes, increased inventory turnover ratio, and a pharmacy staff that is trained in effectively managing inventory