LSPediA LLC, a leading software and service provider for the pharmaceutical industry, today announced an agreement to provide Bonita Pharmaceuticals, a licensed wholesale distributor of many FDA approved products, with Verified-Accredited Wholesale Distributor (VAWD) services and tools.
As of October of 2016, pharmacy benefit manager OptumRx requires its business partners to become VAWD certified before it will accept billed claims for medications. Four states also require VAWD accreditation: Indiana, North Dakota, Wyoming, and Maryland. For wholesale distributors like Bonita, the accreditation is process is vital, and rigorous. In addition to undergoing facility compliance reviews, the business must also ensure their operating policies and procedures meet all VAWD criteria, and they must be screened through the National Association of Boards of Pharmacy (NABP) Clearinghouse, a national database of educational, competence, licensure, and disciplinary information.
“For pharma distributors already trying to meet new DSCSA regulations, additional VAWD accreditation can seem overwhelming,” said Riya Cao, LSPediA CEO. “But, just like meeting DSCSA requirements, VAWD accreditation is about more than compliance—it’s a license for business continuity and growth. We’re looking forward to working with Bonita to ensure the VAWD-accreditation process is smooth. But we’re also excited to lay the groundwork for newfound efficiencies across Bonita’s supply chain and improved sales.”
In addition to providing Bonita with master templates and comprehensive standard operating procedure documents that meet VAWD requirements, LSPediA will also perform a gap analysis based on all 250 NABP requirements, prepare the VAWD application, and oversee the entire VAWD accreditation process.
About Bonita Pharmaceuticals
Bonita Pharmaceuticals is a licensed wholesale distributor providing a wide variety of FDA-approved products including generics, brands, vital compounding ingredients, over-the-counter medications and nutraceutical products. We provide our services to the retail chains, independent retail pharmacies, wholesale distributors, and institutional providers such as hospitals, health systems, integrated delivery networks, and long-term care providers. Visit bonitapharma.com for more information.
About LSPediA – Life Sciences Solutions
LSPediA is a leading provider of enterprise software and services designed for pharmaceutical manufacturers, wholesale distributors, and dispensers. With LSPediA, customers can better implement serialization and aggregation processes to meet global regulations, DSCSA requirements, and future track-and-trace mandates.