What You Should Know: - XIFIN enters the pharmacy market with the acquisition of OmniSYS to support the healthcare industry shift to more convenient, cost-effective care settings; provides a technology-driven connection between pharmacies, diagnostic providers, and payors. - The XIFIN/OmniSYS transaction is aligned with this activity and will support retail pharmacies as they move in this direction. Driven by the COVID-19 pandemic on top of the increasing consumerization of healthcare and
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Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
CVS Pharmacy “Talking” Prescription Labels Now Available Nationwide
What You Should Know: - CVS Pharmacy today introduced Spoken Rx, its proprietary audio prescription label solution developed in collaboration with the American Council for the Blind, now available in all of its nearly 10,000 locations nationwide. CVS Pharmacy, the retail division of CVS Health (NYSE: CVS) is now offering Spoken Rx™, its proprietary audio prescription label solution, in all its nearly 10,000 pharmacy locations
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Israeli Startup TailorMed Acquires Vivor to Create Provider and Pharmacy Network
What You Should Know: - Financial navigation technology company TailorMed acquires Vivor to create the largest provider and pharmacy network. - The combined companies will offer the most comprehensive solution for addressing unprecedented financial pressures on patients and healthcare organizations. Israeli startup TailorMed, a leading financial navigation technology company that helps healthcare organizations and patients remove financial barriers to care in the U.S acquires
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GeniusRx Digital Pharmacy Launches Asynchronous Telehealth Offering
What You Should Know: - GeniusRx™, a Boca Raton, FL-based next-generation digital pharmacy focused on improving patient outcomes by disrupting the way prescription drugs are bought, sold, and delivered, announced the launch of GeniusClinic™ and GeniusIQ™. - GeniusClinic™ provides members with access to providers in a transparent and affordable manner, leveraging the GeniusIQ™ machine learning platform, for new and refill prescriptions medications, for non-acute and lifestyle
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How Pharma Startups Can Remain Competitive in Today’s Market
Challenging the status quo is never easy. Neither is being the underdog. Startups face both of these challenges when trying to break into existing industries dominated by well-established players. Differences in the size, speed, processes, and culture of a company make it challenging for all startups to compete, regardless of the industry. For newcomers or smaller startups in their respective industries, this competition may seem daunting and the road to funding difficult, but this
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GoodRx and Surescripts Brings Real-Time Drug Discount Pricing in EHRs
What You Should Know: - Today, GoodRx announced an exclusive agreement with health information network Surescripts to deliver real-time drug discount price information for prescriptions in Surescript’ price transparency solution. - Surescripts is a nationwide network that connects virtually all EHRs, pharmacies and health systems, enabling providers to view patient-specific benefit and cost information and then electronically prescribe a medication. Last year, nearly 2 billion electronic
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RxBenefits Acquires Pharmacy Benefits Consulting Firm Confidio
What You Should Know: RxBenefits, an employee benefits industry’s first and only technology-enabled pharmacy benefits optimizer (PBO), today announced an agreement to acquire pharmacy benefits consulting firm, Confidio - The deal will bring together two premier, complementary providers of pharmacy benefits services, further advancing the organizations’ strategic vision to deliver an affordable prescription benefit to both plan sponsors and healthcare consumers. - Founded in
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TailorMed, AllianceRx Walgreens Prime Collaborate to Reduce Patient Out-of-Pocket Costs
What You Should Know: - TailorMed, a leading financial navigation technology company that helps healthcare organizations remove financial barriers to care, today announced they are collaborating with AllianceRx Walgreens Prime – one of the nation’s largest specialty and home delivery pharmacies. - TailorMed’s platform will help the organization reduce the burden of specialty therapies for eligible patients by
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Intermountain Closes 25 Retail Pharmacies & Transition to CVS Pharmacy
What You Should Know: - Intermountain Healthcare announced it its plan to close 25 retail pharmacies and has entered into an agreement to transfer prescriptions and inventory to CVS Pharmacy in Utah, starting August 2021. - The closures will affect Intermountain retail pharmacies located in Utah with low usage by area residents. - Intermountain will continue to offer medication management services and medication assistance and financial support services. Transition Plan CVS
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Truepill Launches White-Labeled Virtual Pharmacy Platform
What You Should Know: - Truepill, the digital health platform powering consumer health experiences through diagnostics, telehealth and pharmacy infrastructure, today announced the launch of its Virtual Pharmacy platform. - The new white label led e-commerce pharmacy solution that enables payers, pharmacy benefit managers (PBMs), health systems and other healthcare entities to reimagine a more modern and consumer-centric pharmacy shopping experience. - The service is available in all
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