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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Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
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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UPS Healthcare Expands Specialty Pharmaceutical Offerings with End-to-End Cold Chain Capabilities
What You Should Know: - UPS Healthcare today announced it is enhancing its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a comprehensive suite of cold chain technologies, best-in-class capabilities to support healthcare customers. - UPS Cold Chain Solutions is purpose-built to provide pharmaceutical companies, healthcare providers and laboratories a full, end-to-end cold chain service offering, including storage and distribution,
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies. By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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CVS Health Inks Larger PBM Contract with Federal Employee Program, Adds Specialty Pharmacy Care
What You Should Know: - Today, CVS Caremark, the Pharmacy Benefit Manager (PBM) of CVS Health announced a larger PBM contract with the Government-wide Service Benefit Plan (also known as the Federal Employee Program), which has provided benefits to the federal workforce for 60 years and covers 5.5 million employees, retirees and their families. CVS Health has been the pharmacy benefit manager for the Service Benefit Plan since 1993 and has partnered with them to provide and evolve the
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Apriss Health Acquires Care Coordination Platform PatientPing
What You Should Know: PatientPing, a comprehensive care collaboration platform focused on behavioral health and substance use disorder., today announced that it has entered into a definitive agreement to acquire care coordination platform Appriss Health. - Together, PatientPing and Appriss, backed by Clearlake Capital Group, L.P., and Insight Partners, will represent the largest and most diverse care collaboration network connecting nearly 1 million healthcare providers to one another and
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