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Cost Plus Drugs
Mark Cuban Cost Plus Drug Company (MCCPDC), doing business as Cost Plus Drugs, is a public benefit corporation (PBC) with its main headquarters located in Dallas, Texas. The company is focused on the pharmacy distribution of drugs with a stated goal to lower the prices for generic drugs by removing middlemen and by moving to a cost-plus pricing strategy. Origins and concept The company was launched in January 2022. It was co-founded by radiologist Alexander Oshmyansky and Mark Cuban. According to Cuban, in 2018, Oshmyansky contacted Cuban with an email entitled "cold pitch" in which he asked Cuban to invest in a pharmacy he envisioned to manufacture generic drugs and skip the middleman wholesalers. The company claims that the intermediary layer of the pharmacy benefit managers is typically responsible for the heavy markup that drugs see between the manufacturers and the customers. The company uses Truepill Pharmacy's accredited pharmacists to fill prescriptions. Prices are di ...
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City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and Urban density, densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, Public utilities, utilities, land use, Manufacturing, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cit ...
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Alex Oshmyansky
Alexander Oshmyansky (born in November 1984) is an American radiologist who is co-founder and CEO of Mark Cuban Cost Plus Drug Company.Cesaric, CoriHow Mark Cuban's online pharmacy plans to make medications affordable ''NBCChicago.com'' April 14, 2022 Biography Oshmyansky was born in Denver, Colorado into a Jewish family of immigrants from the Soviet Union and grew up in Littleton, Colorado, about 9 miles south of Denver. He attended Dakota Ridge High School in Littleton. Oshmyansky attended the University of Colorado Boulder, graduating at the age of 18 and majoring in biochemistry. He then attended Duke University for medicine. He also completed a DPhil (PhD) in mathematics at St. Cross College, University of Oxford as a Marshall Scholar. He completed a surgical internship at Harvard Medical School / Brigham and Women’s Hospital and then a residency in diagnostic radiology followed by a pediatric radiology fellowship at Johns Hopkins Hospital. While in residency, he a ...
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Mark Cuban
Mark Cuban (born July 31, 1958) is an American billionaire entrepreneur, television personality, and media proprietor whose net worth is an estimated $4.8 billion, according to ''Forbes'', and ranked No. 177 on the 2020 ''Forbes'' 400 list. He is the owner of the Dallas Mavericks professional basketball team of the National Basketball Association (NBA) and the co-owner of 2929 Entertainment. He is also one of the main "shark" investors on the ABC reality television series ''Shark Tank''. Early life and education Cuban was born in Pittsburgh, Pennsylvania. His father, Norton Cuban, was an automobile upholsterer. Cuban described his mother, Shirley, as someone with "a different job or different career goal every other week." Cuban is Jewish, and grew up in Mount Lebanon, a suburb of Pittsburgh, in a Jewish working-class family. His paternal grandfather changed the surname from "Chabenisky" to "Cuban" after his family emigrated from Russia through Ellis Island. His maternal ...
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Dallas
Dallas () is the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County with portions extending into Collin, Denton, Kaufman and Rockwall counties. With a 2020 census population of 1,304,379, it is the ninth most-populous city in the U.S. and the third-largest in Texas after Houston and San Antonio. Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the Southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. The cities of Dallas and nearby Fort Worth were initially developed due to the construction of major railroad lines through the area allowing access to cotton, cattle and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas' ...
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Benefit Corporation
In the United States, a benefit corporation (or in several jurisdictions including Delaware, a public-benefit corporation or PBC) is a type of for-profit corporate entity, authorized by 35 U.S. states and the District of Columbia, that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts. Laws concerning conventional corporations (referred to as "C corporations" by the IRS) typically do not specify the definition of "best interest of the corporation", which has led to the interpretation that increasing shareholder value (profits and/or share price) is the only overarching or compelling interest of a corporation. Benefit corporations may not differ much from traditional C corporations. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit c ...
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Cost-plus Pricing
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a " markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return. An alternative pricing method is value-based pricing. Cost-plus pricing has often been used for government contracts (cost-plus contracts), and has been criticized for reducing incentive for suppliers to control direct costs, indirect costs and fixed costs whether related to the production and sale of the product or service or not. Companies using this strategy need to record their costs in detail to ensure they have a comprehensive understanding of their overall costs. This information is necessary to generate accurate cost estimates. Cost-plus pricing is especially common for utilities and single-buyer products that are manufactured to the buyer's specification, such as for military procurement. Mechanics ...
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Radiologist
Radiology ( ) is the medical discipline that uses medical imaging to diagnose diseases and guide their treatment, within the bodies of humans and other animals. It began with radiography (which is why its name has a root referring to radiation), but today it includes all imaging modalities, including those that use no electromagnetic radiation (such as ultrasonography and magnetic resonance imaging), as well as others that do, such as computed tomography (CT), fluoroscopy, and nuclear medicine including positron emission tomography (PET). Interventional radiology is the performance of usually minimally invasive medical procedures with the guidance of imaging technologies such as those mentioned above. The modern practice of radiology involves several different healthcare professions working as a team. The radiologist is a medical doctor who has completed the appropriate post-graduate training and interprets medical images, communicates these findings to other physicians ...
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Alexander Oshmyansky
Alexander Oshmyansky (born in November 1984) is an American radiologist who is co-founder and CEO of Mark Cuban Cost Plus Drug Company.Cesaric, CoriHow Mark Cuban's online pharmacy plans to make medications affordable ''NBCChicago.com'' April 14, 2022 Biography Oshmyansky was born in Denver, Colorado into a Jewish family of immigrants from the Soviet Union and grew up in Littleton, Colorado, about 9 miles south of Denver. He attended Dakota Ridge High School in Littleton. Oshmyansky attended the University of Colorado Boulder, graduating at the age of 18 and majoring in biochemistry. He then attended Duke University for medicine. He also completed a DPhil (PhD) in mathematics at St. Cross College, University of Oxford as a Marshall Scholar. He completed a surgical internship at Harvard Medical School / Brigham and Women’s Hospital and then a residency in diagnostic radiology followed by a pediatric radiology fellowship at Johns Hopkins Hospital. While in residency, he a ...
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Pharmacy Benefit Managers
In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. According to the American Pharmacists Association, "PBMs are primarily responsible for developing and maintaining the formulary, contracting with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims." PBMs operate inside of integrated healthcare systems (e.g., Kaiser Permanente or Veterans Health Administration), as part of retail pharmacies (e.g., CVS Pharmacy or Rite-Aid), and as part of insurance companies (e.g., UnitedHealth Group). As of 2016, PBMs managed pharmacy benefits for 266 million Americans. In 2017, the largest PBMs had higher revenue than the largest pharmaceutical manufacturers, indicating their increasingly large r ...
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Deep Ellum, Dallas
Deep Ellum is an American neighborhood composed largely of arts and entertainment venues near downtown in East Dallas, Texas. The name is based on a corruption of the area's principal thoroughfare, Elm Street. Older alternative uses include Deep Elm and Deep Elem. The neighborhood lies directly east of the elevated I-45/US 75 (unsigned I-345) freeway and extends to Exposition Avenue, connected to downtown by, from north to south, Pacific, Elm, Main, Commerce, and Canton streets. The neighborhood is north of Exposition Park and south of Bryan Place. History Early days After earning independence as a free nation from Mexico in 1836, Texas remained autonomous for nearly a decade, when the United States officially annexed the nation in December, 1845. After slavery was abolished nationwide, many freed slaves from Texas and nearby states arrived in Dallas and together congregated as a freedman's town along the northeastern edge of town. The eventual arrival of a railroad j ...
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Generic Drug Manufacturers
Generic or generics may refer to: In business * Generic term, a common name used for a range or class of similar things not protected by trademark * Generic brand, a brand for a product that does not have an associated brand or trademark, other than the trading name of the business providing the product * Generic trademark, a trademark that sometimes or usually replaces a common term in colloquial usage * Generic drug, a drug identified by its chemical name rather than its brand name In computer programming * Generic function, a computer programming entity made up of all methods having the same name * Generic programming, a computer programming paradigm based on method/functions or classes defined irrespective of the concrete data types used upon instantiation ** Generics in Java In linguistics *A pronoun or other word used with a less specific meaning, such as: ** generic ''you'' ** generic ''he'' or generic ''she'' ** generic ''they'' * Generic mood, a grammatical mood used ...
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Social Problems In Medicine
Social organisms, including human(s), live collectively in interacting populations. This interaction is considered social whether they are aware of it or not, and whether the exchange is voluntary or not. Etymology The word "social" derives from the Latin word ''socii'' ("allies"). It is particularly derived from the Italian ''Socii'' states, historical allies of the Roman Republic (although they rebelled against Rome in the Social War of 91–87 BC). Social theorists In the view of Karl MarxMorrison, Ken. ''Marx, Durkheim, Weber. Formations of modern social thought'', human beings are intrinsically, necessarily and by definition social beings who, beyond being "gregarious creatures", cannot survive and meet their needs other than through social co-operation and association. Their social characteristics are therefore to a large extent an objectively given fact, stamped on them from birth and affirmed by socialization processes; and, according to Marx, in producing and reproducin ...
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