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InnovaCare Signs Agreement with MedAvail to Open Three SpotRx Locations in Florida
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
MedAvail Holdings, Inc. (NASDAQ: MDVL) is set to launch three new SpotRx locations in collaboration with InnovaCare Health in Florida during Q4 2021. The initiative allows patients to access in-clinic SpotRx kiosks and home delivery services at Trinity Medical Center clinics in Lakeland. This partnership aims to enhance patient health outcomes through immediate prescription access, contactless delivery, and personalized pharmacist support. MedAvail’s technology-driven pharmacy model emphasizes medication adherence and aims to revolutionize pharmacy services.
Positive
Launch of three SpotRx locations in Florida with InnovaCare Health.
Immediate access to prescriptions and free contactless next-day delivery.
Enhanced patient support with follow-up calls from pharmacists.
Negative
None.
MISSISSAUGA, Ontario & PHOENIX--(BUSINESS WIRE)--
MedAvail Holdings, Inc. (Nasdaq: MDVL) (“MedAvail”), a technology-enabled retail pharmacy company, will be opening an initial three SpotRx locations with InnovaCare Health in Florida in the fourth quarter of 2021.
In-clinic SpotRx kiosks and courier home delivery, supported by onsite SpotRx clinic account managers, will be available to patients at three Trinity Medical Center clinics in the Lakeland area. Trinity Medical Center is part of the InnovaCare Health clinical network. SpotRx Pharmacy is the retail pharmacy brand owned and operated by MedAvail in the United States, which deploys and operates the MedAvail MedCenters.
“Our physician-led models and innovative technology have placed InnovaCare on the forefront of healthcare transformation for 20 years. We are excited to be continuing this tradition through our partnership with MedAvail and embedding the SpotRx pharmacy in our clinics,” said Connie Garcia, Pharm D., Pharmacy Manager of InnovaCare Health and Trinity Medical Center. “We believe that this collaboration with our skilled clinical teams will result in improved health outcomes for our patients – it is a game-changing technology and the future for pharmacy services.”
InnovaCare Health operates more than 30 clinics and is recognized as a leader in transforming care delivery. With the SpotRx embedded pharmacy model, InnovaCare Health patients will receive:
Immediate access to prescriptions at the three Trinity Medical Center clinics
Free contactless next-day home delivery for all prescriptions and over-the-counter medications
Follow up care calls from a local SpotRx pharmacist after receiving the prescription
Refill reminder calls on all chronic medications to schedule free delivery or in-clinic pick-up
Instant access to SpotRx pharmacists via kiosk or phone
“We are honored to support InnovaCare in its efforts to deliver compassionate, high-quality care tailored to each distinct patient population it serves,” said Ed Kilroy, Chief Executive Officer of MedAvail. “Our partnership is another key part of our continued expansion in Florida with our embedded pharmacy solution. We are committed to collaborating with InnovaCare over time to meet its patients’ medication access and adherence needs.”
About InnovaCare
InnovaCare Health improves the lives of members and physicians through innovative solutions for value-based healthcare. Through an integrated portfolio of health plans, medical service organizations, clinical networks and more, the company manages more than 500,000 lives, including more than 150,000 dual-eligible beneficiaries. InnovaCare’s Medicare Advantage plans have received NCQA accreditation and 4.5-star quality ratings from the Centers for Medicare and Medicaid Services (CMS). For more information, please visit innovacarehealth.com or follow us on Facebook or LinkedIn.
About SpotRx
SpotRx places control of the pharmacy experience back in the hands of consumers. SpotRx is a telehealth platform that delivers remote pharmacist consultations through an on-site dispensing kiosk, supplemented with home delivery capability.
About MedAvail
MedAvail Holdings, Inc. (NASDAQ: MDVL) is a technology-enabled pharmacy organization, providing turnkey in-clinic pharmacy services through its proprietary robotic dispensing platform, the MedAvail MedCenter, and home delivery operations, to Medicare clinics. MedAvail helps patients to optimize drug adherence, resulting in better health outcomes. Learn more at www.medavail.com.
Investor Relations
Caroline Paul Gilmartin Group ir@medavail.com
Source: MedAvail Holdings Inc.
FAQ
What is the significance of MedAvail's partnership with InnovaCare Health?
The partnership aims to improve patient health outcomes by providing immediate access to prescriptions and pharmacy services at Trinity Medical Center clinics.
When will the new SpotRx locations open?
The new SpotRx locations in Florida are scheduled to open in the fourth quarter of 2021.
What services will the SpotRx locations offer?
SpotRx locations will offer in-clinic kiosks, free home delivery for prescriptions, and follow-up care from pharmacists.
What is MedAvail's business model?
MedAvail operates a technology-enabled pharmacy organization providing in-clinic pharmacy services and home delivery through its MedAvail MedCenter platform.
How does the SpotRx model benefit patients?
Patients gain immediate access to medications, reduced wait times, and enhanced support, improving overall health outcomes.
