IMPORTANT: NEW PharmaPlus REWARDS Scheme

Published: Tue, 12/08/20

Dear Member,

PharmaPlus is proud to announce a NEW PharmaPlus REWARDS Scheme starting from January 2021.

The new scheme will take your Generics and PI spends into account (via selected PharmaPlus suppliers), as well as your engagement with us and our services. The scheme would reward all members on one level or another for being a part of the PharmaPlus family.

So why now?

PharmaPlus has managed to secure extra funding-sponsorship and prices with our nominated shortline suppliers. We will be distributing this additional funding back to our members and along with better pricing on our monthly tenders. The distribution has only been possible due to our strength as a group collectively, hitting targets and showing our suppliers the loyalty that exists within our membership and the faith PharmaPlus has in you to persevere.

How will the new REWARDS Scheme work?

The scheme is split in two parts and explained more fully in the terms and conditions:

1. Shortliner Spend Based

2. Engagement Based

1. Shortliner Spend Based

Under this, for each member, we will split the rewards on a weighted percentage of your spends from the total sum of proportional funding-sponsorship we receive from our shortliners - OTC Direct, DE Pharma (Doncaster), Trident, Colorama and Sigma. We will calculate rewards on an annual basis. The more you spend with us, the higher the reward would be.

2. Engagement Based

This part relates to how well you engage with PharmaPlus, and has a potential of earning up to £150 per annum. Rewards are points driven and calculated annually. The criteria are :

Engagement Based Points Calculation

REWARD Payment Terms and Conditions:

We will start recording the REWARDS criteria from 1st January 2021.
To take part in the scheme, members must clear their pending PharmaPlus invoices by 31st December 2020.
PharmaPlus will make reward payments annually as credit note or discount against membership fee for the following year (i.e. April 2022 and onwards).
To qualify, members must always settle their PharmaPlus invoices within PharmaPlus credit terms – 30 days from date of our invoice and always settle the supplier invoices within the supplier's credit terms.
To qualify for the "Shortliner Spend Based" part of the reward scheme, members are responsible for ensuring all of their spends comes through PharmaPlus. They however may still qualify for the "Engagement Based" part of the reward scheme.
To qualify for the reward scheme, you must be a member for a full 12 months of the membership year.

Note: PharmaPlus reserves the right to amend the scheme or withdraw the scheme if necessary in unforeseen circumstances.

We hope that the news about the PharmaPlus REWARDS Scheme comes as a welcome announcement and as always please get in touch with us at info@pharmaplusltd.co.uk if you have any questions.

Regards,

PharmaPlus

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