Generic Pay-Out

Question......how much business can one expect to substituted when a generic is available to the pharmacist? 10, 20, 30%, more? I'm guessing at the very least 20%. So if a territory had a baseline of 2000 total prescriptions for all 3 products, and you were above goal on all 3 products, then payout for generics would be money in the bank for us, right? My baseline is 2000. I'm above on all 3. 20% or so of my business should have been generic'd, correct? So 20% of 2000 is 400 extra prescriptions which I'm to be paid on. This equals $3200. Can't wait to see how these motherfuckers manipulate this.

You know you won't get paid nearly that much. And remember, these products are not "generics". They are "illegal substitutions."

i really feel for you losers that still work here. reading this stuff is great and makes me realize what a great decision I made my quitting here.

Yeah. I'm sure we will see huge 'generic' payouts. Keep on hoping for 2 or 3 thousand dollars. If it were me I wouldn't spend that check before you get it. You'll be extremely sorry if you do.

You know this generic stuff is perfect for the Camps and the assholes leading this company. Our prescriptions will be down 30% they will pay us on 5% generics so they look good, pocket the rest and actually make a higher profit even though all products are genericed. How else do you think were still on pace for $110 mil. HA!

Originally Posted by Anonymous

You know this generic stuff is perfect for the Camps and the assholes leading this company. Our prescriptions will be down 30% they will pay us on 5% generics so they look good, pocket the rest and actually make a higher profit even though all products are genericed. How else do you think were still on pace for $110 mil. HA!

Exactly.....100% on. No way we could still be on pace to company goal. I wonder how much Kenny and Dave have made in bonuses?

Originally Posted by Anonymous

Question......how much business can one expect to substituted when a generic is available to the pharmacist? 10, 20, 30%, more? I'm guessing at the very least 20%. So if a territory had a baseline of 2000 total prescriptions for all 3 products, and you were above goal on all 3 products, then payout for generics would be money in the bank for us, right? My baseline is 2000. I'm above on all 3. 20% or so of my business should have been generic'd, correct? So 20% of 2000 is 400 extra prescriptions which I'm to be paid on. This equals $3200. Can't wait to see how these motherfuckers manipulate this.

You can expect that within 4-6 weeks post generic launch, that 80%+ of the brand business will be substituted.

2 words "Brand Direct"!

Originally Posted by Anonymous

You can expect that within 4-6 weeks post generic launch, that 80%+ of the brand business will be substituted.

It's been close to 10 months.

Originally Posted by Anonymous

2 words "Brand Direct"!

BDH is not the answer! I'll take my chances with the Generic. Seems like I recoup more rxs that go to the pharmacy then go to BDH!

Originally Posted by Anonymous

BDH is not the answer! I'll take my chances with the Generic. Seems like I recoup more rxs that go to the pharmacy then go to BDH!

BDH is fishy, no doubt. I wonder how some outside auditing firm could get drawn into the mix for that, generic numbers that their allegedly buying, management bonus checks to Eric, Kenny, and David.

Has anyone wondered how its possible for the company to continue to make it's numbers with the generics on the market? And have any of you wondered how it's possible for this same company to afford to pay us on these very generics? Does the math sense or even seem possible? If we're being substituted and still making our numbers as a company then either our numbers are severely askew or they are not capturing nearly the ammount of prescriptions we actually achieve. If this company continues to remain profitable with the payouts: which are supposed to be cutting into our business, declining one has to ask. How is this possible? Use your own intuition.

They still fuck us on Wal_mart Numbers...Chet blew that one..or should I say not blowing anyone ....

Originally Posted by Anonymous

Has anyone wondered how its possible for the company to continue to make it's numbers with the generics on the market? And have any of you wondered how it's possible for this same company to afford to pay us on these very generics? Does the math sense or even seem possible? If we're being substituted and still making our numbers as a company then either our numbers are severely askew or they are not capturing nearly the ammount of prescriptions we actually achieve. If this company continues to remain profitable with the payouts: which are supposed to be cutting into our business, declining one has to ask. How is this possible? Use your own intuition.

I wonder this every day....your absolutely right. Generics make ones business go down, not up. Some fuzzy math is going on. That's why I'm curious about an outside auditing firm. Eric is an accountant by trade.

Originally Posted by Anonymous

They still fuck us on Wal_mart Numbers...Chet blew that one..or should I say not blowing anyone ....

This is a dead point. We track by prescription not by the location that prescription is filled.

My last company stated via voicemail during a rough time that they budgeted 60 million for sales commissions. Everybody was amazed and thought that was great. But in actuality the company designed the payouts to be at 60 million or less. So Pamlabs has projected the sales commission at X number so therefore it can be a fixed cost in their annual budget. The accountants give you a quota that if you sell that amount your right on track for their budgeted payout. Most people do not make quota so the budgeted number is safe. So basically you are capped and it doesn't matter how much Pamlabs makes off each prescription because you are a fixed cost to them.

Originally Posted by Anonymous

My last company stated via voicemail during a rough time that they budgeted 60 million for sales commissions. Everybody was amazed and thought that was great. But in actuality the company designed the payouts to be at 60 million or less. So Pamlabs has projected the sales commission at X number so therefore it can be a fixed cost in their annual budget. The accountants give you a quota that if you sell that amount your right on track for their budgeted payout. Most people do not make quota so the budgeted number is safe. So basically you are capped and it doesn't matter how much Pamlabs makes off each prescription because you are a fixed cost to them.

that's nice but we aren't told what has been budgeted for commissions probably because they have no idea where we will stand on sales with this generic situation. we know all about the quota numbers or baselines.....and you're right.....they're money is safe.

Originally Posted by Anonymous

This is a dead point. We track by prescription not by the location that prescription is filled.

Not sure how it is a dead issue considering we do not get credit for any prescriptions that go to walmart, regardless how they track.

But doesnt it make you feel all warm and fuzzy knowing that kenny and his pals are transparent? I didnt realize you could see through dog crap!

Originally Posted by Anonymous

Question......how much business can one expect to substituted when a generic is available to the pharmacist? 10, 20, 30%, more? I'm guessing at the very least 20%. So if a territory had a baseline of 2000 total prescriptions for all 3 products, and you were above goal on all 3 products, then payout for generics would be money in the bank for us, right? My baseline is 2000. I'm above on all 3. 20% or so of my business should have been generic'd, correct? So 20% of 2000 is 400 extra prescriptions which I'm to be paid on. This equals $3200. Can't wait to see how these motherfuckers manipulate this.

Gotta say....I'm surprised. My extra cash bonus was for more than $3200. They did me right this time.

I cry bullshit! Shut up Stephen!

Originally Posted by Anonymous

Gotta say....I'm surprised. My extra cash bonus was for more than $3200. They did me right this time.

It was shocking. There were some that were even more than that, way more than that.

What ever happened to the lawsuits to the "illegal substitutions"? It looks like more and more competition comes out everyday. If we do not hurry up and stop these "generics" there will not be a market left. How do they expect us to compete???

Don't be silly. They're not 'generics' they're 'illegal substitutions.' Of course illegal would indicate that something against the law was occurring and would thus then be subsequently stopped. But when you work at PAMLAB you get reassurance that everything is being done including making a generic to our own product. Doesn't sound like a company that has a leg to stand on. Sounds like a company scared of it's own shadow. Nothing out of the ordinary for us. Someone make it stop.