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

Walmart Acquires Medication Management Platform CareZone for $200M to Enhance Digital Health & Wellness Capabilities

by Fred Pennic 06/16/2020 Leave a Comment

Walmart Acquires Medication Management Platform CareZone for $200M to Enhance Digital Health & Wellness Capabilities

What You Should Know: - Walmart acquires app-based patient medication management platform CareZone for reportedly $200M to enhance its digital health and wellness capabilities. - CareZone’s technology and team members will join Walmart to augment their current Health & Wellness capabilities and support its focus on digital health care solutions. CareZone will remain a separate company unrelated to Walmart. Walmart announced it has acquired CareZone, a San Francisco,
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FCC Surpasses $100M in Approved COVID-19 Telehealth Program Applications

by Jasmine Pennic 06/10/2020 Leave a Comment

FCC COVID-19 Telehealth Program Providers

What You Should Know: - FCC’s COVID-19 Telehealth Program, which was authorized by the CARES Act, has approved funding for 305 healthcare providers in 42 states plus Washington, D.C. for a total of $105M in funding. The Federal Communications Commission’s Wireline Competition Bureau today approved an additional 67 funding applications for the COVID-19 Telehealth Program. Healthcare providers in both urban and rural areas of the country will use this $16.87M in funding to
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FCC’s COVID-19 Telehealth Programs Surpasses $50M in Funding

by Fred Pennic 05/20/2020 Leave a Comment

FCC COVID-19 Telehealth Program Providers

What You Should Know: - To date, the FCC’s COVID-19 Telehealth Program, which was authorized by the CARES Act, has approved funding for 132 healthcare providers across 33 states plus Washington, DC for a total of just over $50M in funding.  The Federal Communications Commission’s Wireline Competition Bureau today approved an additional 43 funding applications for the COVID-19 Telehealth Program.  The seventh set of healthcare providers in both urban and rural areas of the
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Change Healthcare Launches COVID-19 Research Database Using De-Identified Data to Track Disease Progression

by Fred Pennic 05/13/2020 Leave a Comment

What You Should Know: Change Healthcare announced a new online COVID-19 research database to track disease progression, treatment efficacy, for qualified public and private healthcare organizations using de-identified data to understand disease progression and improve intervention. Actionable insight “beyond the diagnosis” enables health researchers to better understand COVID-19 progression, intervention effectiveness, and impacts on healthcare system. Health Gorilla Launches EMR-Integrated Electronic Ordering for COVID-19 Testing for LabCorp and Quest

What You Should Know: - Change Healthcare announced a new online COVID-19 research database to track disease progression, treatment efficacy, for qualified public and private healthcare organizations using de-identified data to understand disease progression and improve intervention. - Actionable insight “beyond the diagnosis” enables health researchers to better understand COVID-19 progression, intervention effectiveness, and impacts on the healthcare system. Today
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State of Connecticut Launches of Livongo for Diabetes Management Program through State Health Plan

by Jasmine Pennic 05/08/2020 Leave a Comment

State of Connecticut Launches of Livongo for Diabetes Management Program through State Health Plan

What You Should Know: - Connecticut state Comptroller Kevin Lembo announces the launch of Livongo for Diabetes Management Program through the state health plan to deliver estimated annual savings to the state of approximately $3 million. - The program, launched in partnership with CVS Caremark and Livongo, is projected to significantly improve health care outcomes for thousands of people with diabetes covered by the state plan by providing them with comprehensive around-the-clock live
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LetsGetChecked Nabs $71M for Direct-to-Consumer At-Home Health Testing

by Fred Pennic 05/06/2020 Leave a Comment

LetsGetChecked Nabs $71M for Direct-to-Consumer At-Home Health Testing

LetsGetChecked, a leading direct-to-consumer at-home health testing and insights company, today announced the closing of $71 million in its Series C round of financing co-led by Illumina Ventures and HLM Venture Partners. The round also includes new investors Deerfield, CommonFund Capital, and Angeles Investments and existing investors Transformation Capital, Optum Ventures, and Qiming Venture Partners USA. Nick Naclerio, Founding Partner at Illumina Ventures and Steven Tolle, Partner at HLM
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AdhereHealth Launches COVID-19 Adherence Solution for High Risk Populations

by Fred Pennic 05/06/2020 Leave a Comment

AdhereHealth Launches COVID-19 Adherence Solution for High Risk Populations

What You Should Know:- AdhereHealth launches COVID-19 Adherence Solution to help protect high-risk populations and reduce unnecessary hospitalizations during COVID-19 pandemic.- The new solution combines predictive analytics, proactive outreach and home-delivered pharmacy services to help high-risk patients overcome SDOH challenges and continue taking their prescribed medications throughout the COVID-19 crisis. Nashville, TN-based AdhereHealth today announced the immediate availability of its
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Change Healthcare Buys Back Pharmacy Network for $213M in Cash

by Fred Pennic 05/05/2020 Leave a Comment

Change Healthcare Buys Back Pharmacy Network for $213M in Cash

What You Should Know: - Change Healthcare buys back pharmacy network eRx Network (eRx) for $212.9 million-plus cash on the balance sheet. - eRx Network runs a network connected to about 59,000 pharmacies that process more than 1.5 billion transactions annually and also markets insurance verification, e-prescribing, and claims billing services, among others. Change Healthcare buys back pharmacy unit eRx Network (“eRx”), a leading provider of comprehensive, innovative,
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Value-Based Care’s Story Will Turn in the 2020s

by Daniel Kus, VP of Pharmacy Services at Henry Ford Health System and Troy Polan, acting CEO of ExceleraRx Corp 04/20/2020 Leave a Comment

Value-Based Care’s Story Will Turn in the 2020s

Value-based care initiatives matured in recent years thanks to exciting new technology and influential policy changes. But the coming decade will see transformative changes that will eventually lead to a uniform realization of value-based care across the entire healthcare continuum. Specialty pharmacy represents one area of healthcare that is wholeheartedly welcoming a discussion about value. With the costs of six-figure specialty drugs and the number of patients using them continuing to
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Puerto Rico’s First Home Delivery Pharmacy Launches During COVID-19 Crisis

by Jasmine Pennic 04/01/2020 Leave a Comment

Puerto Rico's First Home Delivery Pharmacy Launches During COVID-19 Crisis

What You Need to Know: - Pharmacy benefits manager Abarca and Triple-S Salud announced the launch of Triple-S en Casa, Puerto Rico’s first prescription home delivery program during the COVID-19 crisis. - Developed in partnership with one of the Island's largest health plans and pharmacy networks, Triple-S en Casa lets consumers manage and order their prescriptions through an easy-to-use mobile app--and have them delivered by a local pharmacy. Pharmacy benefits manager Abarca and
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