Apr 04, 2019

Transaction Data Systems (TDS) Announces Acquisition of Pharm Assess, Inc.



Pharm Assess and its Retail Business Solutions join the broad array of products and services TDS offers independent and community pharmacies


Transaction Data Systems (TDS), parent company of the Rx30 and Computer-Rx pharmacy management systems, today publicly announced the acquisition of Pharm Assess, Inc. and its Retail Business Solutions product suite (RBS). Pharm Assess RBS offers comprehensive business solutions that drive profitability at the pharmacies by supporting compliance with pharmacy and staff credentialing and providing audit assistance, third party payer contract assistance, financial reporting, 340B program assistance and much more.


The Pharm Assess Retail Business Solutions will be integrated with the other TDS technologies and will provide comprehensive business solutions to independent and community pharmacies. RBS technologies and programs will be available any community pharmacy—TDS platform users, as well as community pharmacies utilizing non-TDS pharmacy management systems.


TDS' Rx30 and Computer-Rx customers will have access to all programs and services offered through the RBS menu. The technology and services can be bundled, with several options available a la carte. Product and service options include:

-Financial and Analytical Reporting

-Cash Pricing Assistance

-Inventory Management Tools

-340B Profitability and Analysis

-Third Party Payer Audit Assistance

-Vaccination Programs

-Pharma Co-pay and Trial Card Pay Assistance Program

-Controlled Substance Patient Monitoring Program


"Our pharmacist-owned and operated comprehensive retail business solution (RBS) offering incorporates over 20 years of experience working closely with pharmacy owners," stated Monty Rogers, R.Ph., President and owner of Pharm Assess, Inc.  "Independent and community pharmacies need their key vendors to be experienced and readily available business partners in this fast-pace and ever-changing industry. With this acquisition, I'm glad we will be able to deeply integrate our program with the TDS platforms to bring enormous scale in making affordable real-time business solutions available to independent and community pharmacy businesses."


"TDS is excited to announce this acquisition. Pharm Assess and Monty Rogers will bring valuable insight gained from 20 years of experience in our industry, where Monty has worked side-by-side with independent and community pharmacies for decades," said Jude Dieterman, TDS CEO.  "Monty's experience with business solutions, managed care and third-party payer contracts will bring substantial knowledge to the TDS strategic roadmap as we continue to bring technology and innovation to our clients." 


About Pharm Assess, Inc.

Pharmacist owned and operated for over 25 years, Pharm Assess offers comprehensive retail business solutions ranging from credentialing for pharmacy and staff to robust financial and interactive analytic reporting.  With a menu of several business services and programs, Pharm Assess RBS allows community pharmacy to face today's challenges and realize tomorrow's opportunities! For more information about the RBS products and services, please follow Pharm Assess on Linkedin or Facebook, call (888) 255-6526 or visit pharmassess.com.


About Transaction Data Systems (TDS)

For the past 41 years, TDS has been dedicated to the success of independent pharmacy. TDS, with its family of products and services including Rx30, Computer-Rx, Enhanced Medication Services and Pharm Assess RBS, provides pharmacy systems and other innovative technology to the pharmacy industry. Its proven pharmacy management software and its continually growing and evolving products and services offer pharmacies the technology and support they need to succeed in a dynamic marketplace. Proudly supporting the largest install base of independent pharmacies in the industry with systems in all 50 states and the Virgin Islands, TDS is the unquestioned leader in Independent Pharmacy Management Software. For more information about TDS, please visit tdsclinical.com.

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