MedAvail Introduces New Compliance Packaging Solutions

Rhea-AI Summary

MedAvail Holdings, Inc. (Nasdaq: MDVL) announced the launch of SpotRx's compliance packaging solutions aimed at chronic care patients. This initiative allows patients to receive a one-month supply of organized medications delivered to their homes at no cost, streamlining medication management. The new service is designed to enhance medication adherence and is currently being integrated with clinic partners to reach eligible patients. Chief Pharmacy Officer Neil Prezioso emphasized the growth potential of this offering within their enterprise customer base.

Positive

• Launch of compliance packaging solutions enhances medication adherence for chronic care patients.
• Home delivery of medications at no charge.
• Partnerships with clinics to identify patients who can benefit from these solutions.

Negative

• None.

MedAvail Holdings, Inc. (Nasdaq: MDVL) (“MedAvail”), a technology-enabled retail pharmacy company, today announced that SpotRx has launched its compliance packaging solutions, allowing chronic care patients to receive more innovative and efficient pharmacy care from their homes.

The company is currently working with clinic partners to identify current patients or patients who could potentially benefit from its compliance packaging solutions. Medicare patients utilizing compliance packaging can take advantage of the following features:

• One-month supply of medications organized by date and time
• Home delivery, free of charge
• Elimination of the need to manage multiple medications with separate packaging

“With compliance packaging, we are expanding the breadth of our solutions that make it easier for patients to not only start their medications but also stay on their medications,” said Neil Prezioso, Chief Pharmacy Officer. “We view compliance packaging as an important growth opportunity within our enterprise customers. We are excited to be providing long term medications labeled by each day and dose to chronic care patients right at their doorsteps, which is critical for medication adherence.”

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.

SOURCE MedAvail Holdings Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210714005129/en/

FAQ

What is MedAvail's new compliance packaging solution for chronic care patients?

MedAvail's new compliance packaging solution organizes a one-month supply of medications by date and time and delivers it free of charge to chronic care patients' homes.

How does MedAvail's compliance packaging benefit patients?

The compliance packaging helps patients manage multiple medications more efficiently, improving medication adherence.

What features does the compliance packaging include for Medicare patients?

Features include a one-month supply of medications organized by date and time, home delivery at no cost, and reduced complexity in managing multiple medications.

What is the expected impact of the compliance packaging on MedAvail's business?

The compliance packaging is viewed as a significant growth opportunity within MedAvail's enterprise customer base, aimed at enhancing patient care.