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Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant

House Rx Secures $30M to Optimize the Specialty Pharmacy Experience for Patients and Their Care Teams

by Fred Pennic 03/14/2022 Leave a Comment

House Rx Secures $30M to Optimize the Specialty Pharmacy Experience for Patients and Their Care Teams

What You Should Know: - Today House Rx, a health technology platform that empowers oncology and rheumatology physician practices with medically integrated dispensing, announced they’ve secured $30 million in financing. - Founded by two former Flatiron Health executives, Ogi Kavazovic and Tesh Khullar the company has partnered with four medical practices and 30 prescribers since March 2021. House Rx, a health technology platform focused on improving
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GoodRx Acquires Pharmacy Services Platform VitaCare for $150M

by Fred Pennic 03/07/2022 Leave a Comment

GoodRx Acquires Pharmacy Services Platform VitaCare for $150M

What You Should Know:- GoodRx announced that it will acquire vitaCare Prescription Services, a tech-enabled pharmacy services platform that expands GoodRx’s offering to pharma manufacturers while improving patient access and adherence to affordable brand drugs.   - Over 500 million brand prescriptions are written every year, yet only half are ever filled. This acquisition will give GoodRx the tools we need to help address this problem and facilitate the brand
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Connecting the Dots – Building Data Bridges for a Better Healthcare Future

by Jen Goldsmith, President Tendo Systems 02/22/2022 Leave a Comment

Connecting the Dots – Building Data Bridges for a Better Healthcare Future

Healthcare data is increasing at an exponential rate. Approximately one-third of the world’s data volume is being generated by the healthcare industry. By 2025, the compound annual growth rate of healthcare data will reach 36% – that’s 6% faster than manufacturing, 10% faster than financial services, and 11% faster than media and entertainment.  In addition to information captured during visits with healthcare professionals, personal health information is being created by an increasingly
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FemTec Health Taps GeniusRx as Exclusive Online Pharmacy Partner for D2C Platform

by Jasmine Pennic 02/18/2022 Leave a Comment

FemTec Health

What You Should Know: - Today, FemTec Health, the leading health and beauty sciences company, announced an exclusive partnership with online pharmacy company GeniusRx that will provide Awesome Woman members access to on-demand, door-to-door prescription delivery.  - Launching later this month, Awesome Woman is FemTec Health’s consumer brand that will provide personalized health and wellness services along with products that are meaningful and effective to women at all life stages.
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Leveraging A More Impactful Analytics Strategy to Improve Your Health Plan Member CX

by Suzanne Cogan, General Manager, SPH Analytics, a Press Ganey Solution 02/16/2022 Leave a Comment

Suzanne Cogan, General Manager, SPH Analytics, a Press Ganey Solution

Healthcare organizations are increasingly eager to leverage analytics technologies, including machine learning and artificial intelligence (AI), in new ways. One telling sign of this is that the global predictive analytics healthcare market, which was valued at $1.8 billion in 2017, is projected to reach more than $8.5 billion by 2025.  But as technology evolves, it’s clear that the types and use of analytics platforms that can drive change among health plans — as well as the breadth of
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Alto Pharmacy Raises $200M to Expand Full-Service Pharmacy Delivery

by Jasmine Pennic 01/27/2022 Leave a Comment

Alto Pharmacy Raises $200M to Expand Full-Service Pharmacy Delivery

What You Should Know: - Alto Pharmacy (“Alto”), the leader in America’s rapidly expanding digital pharmacy market, raised approximately $200 million in an oversubscribed series E financing round led by returning investor Softbank Vision Fund. Free hand-delivery to your door Despite the pandemic, the retail pharmacy industry has been one of the slowest to use technology to improve the customer experience. Founded in 2015, Alto is a full-service pharmacy powered by a team of experts
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Pharmacy Interoperability Challenges and Needs Under the 21st Century Cures Act

by Jason Ausili, Pharm.D., Chief Clinical Officer, FDS Amplicare, now part of EnlivenHealth™ 01/21/2022 Leave a Comment

Pharmacy Interoperability Challenges and Needs Under the 21st Century Cures Act

As interoperability provisions from the 21st Century Cures Act (Cures Act) enter their enforcement phase, pharmacy leaders within the Pharmacy HIT Collaborative (PHIT), the U.S. Department of Health and Human Services (HHS) Office of the National Coordinator for Health Information Technology (ONC), and pharmacy system vendors met recently to discuss the state of pharmacy interoperability. The group detailed various challenges and needs associated with pharmacy interoperability, information
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XIFIN Acquires OmniSYS to Expand into Pharmacy Market – M&A

by Jasmine Pennic 12/14/2021 Leave a Comment

XIFIN Acquires OmniSYS to Expand into Pharmacy Market

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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CVS Pharmacy “Talking” Prescription Labels Now Available Nationwide

by Fred Pennic 11/30/2021 Leave a Comment

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

by Fred Pennic 11/29/2021 Leave a Comment

Israeli Startup TailorMed Acquires Vivor to Create the Largest 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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