From The Desk of Dr. Fox: State of the Industry

This is the time of year when we start to get notifications about annual price increases from all of our drug and product suppliers. We hate dealing with it as do you, our clients. Every drug and medical supply company does it every year to keep up with inflation and rising prices and we have always strived to keep the impact to our customers as minimal as possible.

This year however, is different than any other year in the 23 years we've been in business. We have already seen price increases in December effective immediately and the coming increases for other companies starting in January that are double, triple and even quadruple, what we typically see. Typically it might be 1 to 3% but we're seeing 5, 6 and even 8% increases.

Couple that with product shortages and the supply chain issues we are all experiencing and it's...not good.

We will do our best to keep costs down as much as possible, but much like you're seeing at the gas pump, the grocery store and virtually everywhere else, prices are increasing at a rate not seen in 30 or 40 years.

Sincerely,
Dr. Fox


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