What You Should Know: -PocketPills, Canada’s largest and fastest-growing online pharmacy, announced it has raised $30M in Series B funding, led by TELUS Ventures. The investment will be used to broaden PocketPills’ product offering and further accelerate its national expansion, with facilities opening in Quebec and Alberta that will help achieve its goal of nationwide same-day delivery. - PocketPills is a technology-first online pharmacy, and its research and development team of 30
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Pharmacy Automation
Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards
What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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Amazon Launches Digital Pharmacy Store: 6 Key Things to Know
Amazon.com, Inc. today announced the expansion of its foothold into the pharmacy business with two new pharmacy offerings to help customers conveniently purchase their prescription medications. Amazon Pharmacy, a new store on Amazon, allows customers to complete an entire pharmacy transaction on their desktop or mobile device through the Amazon App. Here are six key things to know about this landmark announcement: 1. Using a secure pharmacy profile, customers can add their insurance
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Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories
What You Should Know: - Same day pharmacy delivery startup NowRx raises $20 Million in Series B funding to expand into new U.S. territories and accelerate its technology roadmap, transforming the way consumers get their prescriptions. - NowRx’s competitive advantage is its proprietary pharmacy management system, which leverages AI and robotics to fill and deliver prescriptions in record time, including interfacing with insurance, checking for drug
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Puerto Rico’s First Home Delivery Pharmacy Launches During COVID-19 Crisis
What You Need to Know: - Pharmacy benefits manager Abarca and Triple-S Salud announced the launch of Triple-S en Casa, Puerto Rico’s first prescription home delivery program during the COVID-19 crisis. - Developed in partnership with one of the Island's largest health plans and pharmacy networks, Triple-S en Casa lets consumers manage and order their prescriptions through an easy-to-use mobile app--and have them delivered by a local pharmacy. Pharmacy benefits manager Abarca and
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Blue Cross Becomes First Health Plan to Offer Direct Integration with PillPack
- Blue Cross Blue Shield (BCBS) of Massachusetts announced a new pharmacy integration with PillPack by Amazon in its MyBlue member app and website that enables members to seamlessly manage and fill their prescriptions. - Blue Cross worked with PillPack to create a digital option for eligible members to switch to PillPack directly from their Blue Cross MyBlue member app or website. Blue Cross Blue Shield of Massachusetts ("Blue Cross") announced a new pharmacy integration in its MyBlue member app
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Truepill Nabs $13.4M for B2B Pharmacy API and Fulfillment Service
Truepill, a San Mateo, CA-based B2B pharmacy fulfillment service announced it has raised $13.4 million in Series A funding led by Initialized Capital, with participation from Y Combinator, Sound Ventures, Tuesday Capital and others. The company plans to utilize the funding to expand its team and fulfillment facilities across the US and enter the UK market. Why Truepill? As healthcare undergoes a massive shift towards telemedicine and direct-to-consumer care and treatment, Truepill is the
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Epic, Impact Advisors and Premier Named 2019 Overall Best in KLAS
Epic was named the top Overall Software Suite for the ninth consecutive year in the newly released Best in KLAS2019 Software & Services report. In addition to the overall software suite award, Epic was named the top Overall Physician Practice Vendor, won Best in KLASawards in nine segments, and won Category Leader awards in two segments. Understanding Best in KLAS Best in KLAS is based on information obtained from the 2,500 interviews KLAS conducts with providers and payers each
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Amazon Acquires Online Pharmacy Startup PillPack
Amazon, today announced it has entered into an definitive agreement to acquire online pharmacy startup, PillPack for an undisclosed amount. The deal will allow Amazon further entry into healthcare with an on-demand online pharmacy and drug distribution platform.Founded in 2013, PillPack is an online pharmacy that delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time. The service is designed to provide the best possible
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Drug Pricing Transparency: Can Health IT Lower Drug Pricing for Patients?
Certain practices of pharmacy benefit managers (PBMs) have helped jack up drug prices to the point where many people can no longer afford their medications. For example, PBMs charge health plans considerably more for a drug than they pay pharmacies for the same medication. This “ingredient spread,” which generates much of the PBMs’ profits, results in health plans placing drugs into a higher-price tier. As a result, members’ copayments go up. Sometimes they’re higher than the cash prices for
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