CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience.
The Cleveland Clinic and Amwell joint venture appoint
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Pharmacy | Medication Adherence Technology Services and Solutions | News, Analysis, Insights - HIT Consultant
SPAC Merges with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal
What You Should Know:
- GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a public digital healthcare company valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday.
- The combined company will be named UpHealth, Inc. and
will continue to be listed on the NYSE under the new ticker symbol “UPH”.
Blank check acquisition
company GigCapital2 agreed to merge
with Cloudbreak Health, LLC, a unified
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VA Taps Appriss for Drug Monitoring to Curb Substance Abuse
What You Should Know:
- The Department of Veteran Affairs is working with
Appriss Health to tackle the veteran opioid epidemic via drug monitoring.
- The tool will give VHA prescribers more complete clinical information, including controlled substance prescription histories, for patients, helping clinicians identify and prevent prescription drug misuse, resulting in better-informed care decision-making and improving patient safety.
Appriss
Health, a provider delivering
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Amazon Launches Digital Pharmacy Store: 6 Key Things to Know
Amazon.com, Inc. today announced the expansion of its foothold into the pharmacy business with two new pharmacy offerings to help customers conveniently purchase their prescription medications. Amazon Pharmacy, a new store on Amazon, allows customers to complete an entire pharmacy transaction on their desktop or mobile device through the Amazon App.
Here are six key things to know about this landmark
announcement:
1. Using a secure pharmacy profile, customers can add their insurance
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Epic Pharmacy Progress Made But Gaps Remain, KLAS Report Finds
What You Should Know:
- Despite pressure to take an Epic-first approach to
software decisions, many pharmacies at Epic organizations have held on to
third-party products due to the relative immaturity of some of Epic’s more
recently developed pharmacy solutions.
- Latest KLAS report explores medication inventory
management (MIM) and IV workflow management—the two areas where Epic has
focused much of their development efforts—to validate what capabilities these
modules deliver and where
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UnitedHealth Acquires Online Pharmacy Startup DivvyDose
UnitedHealth
Group (UHG) has acquired
Illinois-based online pharmacy startup DivvyDose
for about $300M, according to sources familiar with the matter. Founded in 2015, divvyDOSE is a full-service personalized
pharmacy focused on those with multiple chronic conditions and complex
medication regimens. Customers receive a personalized roll of pre-sorted
medications into individual packs, with clearly marked dates and times.
Bloomberg first reported the acquisition discussions between UHG
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Change Healthcare Launches Solution to Enable Pharmacies to Manage COVID-19 Test Billing
What You Should Know:
- Change Healthcare launches a new solution that simplifies
billing to bring more COVID-19 testing options to consumers.
- New service
enables pharmacies to manage COVID-19 test billing within their traditional Rx
claims processes, driving the potential to dramatically expand U.S. testing
capabilities.
Change
Healthcare, announced a new solution, MedRx
that makes it easier for consumers to get COVID-19 testing in their local
pharmacies. The company’s
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Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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TruePill Raises $75M to Launch At-Home Lab Testing Network
What You Should Know:
- Truepill raises $75 million in Series C funding To expand platform services and launch an at-home lab diagnostics network.
- The company plans to use the funds to expand Truepill’s ecosystem of direct-to-patient capabilities, which includes the Truepill Health telehealth network, pharmacy fulfillment, a custom-built EMR, and more.
Truepill, a San Mateo, CA-based building world-class patient experiences through its API-connected healthcare infrastructure,
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AI Collaboration Saves Pharmacies 5.5 Hours Monthly on Critical Administrative Tasks
What You Should Know:
- DrFirst partners with a Kansas-based pharmacy management system (PMS) provider to improve safety and efficiency in hundreds of pharmacies across the country.
- Speed Script is integrating DrFirst’s SmartSig technology into its suite of pharmacy management solutions (PMS) used by the community and long-term care pharmacies countrywide.
- Using the two technologies could save pharmacies processing
more than 250 prescriptions a day
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