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
Read More
Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
FemTec Health Taps GeniusRx as Exclusive Online Pharmacy Partner for D2C Platform
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.
Read More
Leveraging A More Impactful Analytics Strategy to Improve Your Health Plan Member CX
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
Read More
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
Read More
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
Read More
XIFIN Acquires OmniSYS to Expand into Pharmacy Market – M&A
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
