top of page

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

Image of Wade Hinkle, CEO of Pharmacy Marketplace, Co-Founder of Inventory iQ, and Partner of Hinkle Pharmacy

    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.

Quotation mark graphic on testimonial page highlighting positive client feedback about Magee Law Group's services.
Quotation mark graphic on testimonial page highlighting positive client feedback about Magee Law Group's services.

- Wade Hinkle

Image of the logo for Pharmacy Marketplace
Image of the logo for Pharmacy Marketplace
  • 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

​

Image of the logo for 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

bottom of page