We are excited to announce the addition of leading healthcare companies to the working group,” Susanne Somerville, Chronicled’s CEO, told me. In turn, pharmaceutical companies deal with a number of players within the supply chain. With multiple parties involved, transactions are not always made clear for pharmaceutical companies, leading to a chargeback. According to The Global Pharmaceutical and Life Sciences Industry Group at PwC, chargebacks represent the single largest deduction from gross sales for most pharmaceutical and healthcare product companies. Justin Bowers, VP of Contract Administration and Financial Services at McKesson, also commented on the power of blockchain technology to combat difficult supply chain management.

Source: Forbes May 02, 2019 10:52 UTC