As you are probably aware, generic drugs are 88% of the prescriptions in the U.S. So, generics manufacturers play a huge role in our ability to service our customers. On behalf of our customers, we appreciate those that exhibited at our recent Retail Business Conference in Chicago. Our customers value the time they spend with you, and they used the opportunity to ask questions about solutions for our SOURCESM generics program.
Our generics program is of high quality and affordable pharmaceuticals. We offer the broadest formulary of contracted generics and encourage customers to consolidate all of their purchases to SOURCE. We incentivize customers to purchase from our SOURCE contracts making it easier to accumulate higher savings. As a SOURCE partner, you in turn benefit from the increased sales.
Our pharmacy customers don’t want to worry about how a generic pharmaceutical makes its way from your facilities to their pharmacy. They just want the right generic pharmaceutical to be within reach when it’s needed. Maintaining high service levels and low switch rates are other important benefits that we work together to provide customers. To maintain high service levels, generics manufactures can collaborate with our Generics Operations and Inventory Teams every day. We appreciate your partnership and hope to see you at the upcoming Business Partner Conference (BPC) this October, held in Columbus, OH. There, you can meet with individuals from these teams to discuss ways to continue to maintain high service levels. You also have the ability to schedule one-on-one time with me at BPC where you have the ability to ask more questions about our customers.
Thank you for being our partner. Together, we drive value and quality of the SOURCE program for our customers. –Chip Aquilina