New Insider Intelligence report highlights the current state of digital pharmacies in 2022 along with the challenges and digital opportunities for online pharmacies to appeal to consumers.
With cost and convenience at the forefront of consumer spending decisions and US prescription drug spending continuing to rise through 2026 to an estimated $730.50 billion, winners will offer consumers more robust online resources including pricing transparency, discounts, generic options and more
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Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
Analysis: 2022 Semi-Annual Health IT Market Review
Executive Summary
Act III of COVID: Navigating the Crosscurrents of Post-Inflation
2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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Dear Digital Healthcare: Let’s Do Better
Digital transformation has increased healthcare access, but quality and consistency are lagging behind. A human touch – and some innovative thinking – can get us where we need to be.
We weren’t prepared. But can you blame us?
The healthcare industry has gone digital faster than anyone could’ve expected. Digital health options like telemedicine and online pharmacies existed before the pandemic. At some point, they would’ve naturally risen to prominence. COVID-19 forced us to stuff a
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RxLive Raises $5M for Population Health Telepharmacy Solutions
What You Should Know:
- RxLive, a provider of population health pharmacy solutions, today announced a $5 million Series A funding round led by SpringTide with participation by Cardinal Health. RxLive has raised a total of $8 million to date.
- As value-based pharmacy care models expand beyond the retail pharmacy setting RxLive will use the funding to expand its engineering, analytics, and sales and marketing teams, with particular investment in the continuous improvement of its AI and the
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The Infrastructure Needed to Meet Health Interoperability Needs
For most patients, it has always been extremely difficult to their personal health and medical data electronically. However, with the CMS Interoperability and Patient Access Final Rule, consumers, specifically Medicaid members, there is a greater push to give access to, and ownership of, this data.
With this move towards interoperability comes new requirements healthcare organizations must meet and adhere to under the rule. To meet many of these federal interoperability requirements,
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Innovaccer Expands into Public Sector to Accelerate Public Health Transformation
What You Should Know:
- Health cloud company Innovaccer Inc, today announced it is expanding into the public sector to improve collaboration between agencies, optimize case management, manage increasingly complex alternative payment models, and improve the individual’s experience through technology.
- The Innovaccer Health Cloud’s Data Activation Platform (DAP) collects, cleans, and connects data, making it available and shareable between systems to accelerate digital
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3 Lessons Learned to Build A More Resilient Pharmacy
Winston Churchill had great insight when he said, “Never let a good crisis go to waste.” Although he was talking about seizing opportunities during the darkest hours of World War II, there are parallels to today, especially when thinking about the COVID-19 pandemic. Healthcare organizations have learned—and continue to learn—much about the strengths and weaknesses of the U.S. healthcare system during a prolonged crisis. It would be unfortunate if we didn’t use this information to usher in
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Teladoc Health Expands Whole-Person Primary Care Offering
What You Should Know:
- Today, Teladoc Health announced the expanded capabilities available to Primary360 users to remove barriers to access and offer comprehensive primary care that meets people where they are.
- Primary360 members will now receive health plan in-network referrals and care coordination support; free, same-day medication delivery from Capsule, the leading national digital pharmacy; and in-home, on-demand phlebotomy with Scarlet Health.
Reducing Barriers to
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TDS Acquires PrescribeWellness from Tabula Rasa HealthCare in $140M Deal
What You Should Know:
- Transaction Data Systems (TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $140M.
- Further, TDS’s plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to clients.
Acquisition Benefits for TDS
TDS connects community pharmacies through its
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Personalize the Healthcare Experience for Improved Outcomes, Happier Patients
A consumer desire for a personalized experience is converging with the healthcare consumerism trend to alter patient expectations for their relationships with caregivers. Wearable devices, IoT data, and healthcare apps that track sleep, diet, and exercise give consumers more insight and control of their overall health, and they increasingly view PCPs and healthcare professionals (HPs) as simply part of an overall healthcare journey. An important part, to be sure, but more like partners pursuing
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