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MedAvail Signs Four SpotRx Locations With Cano Health in California
Rhea-AI Impact
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Rhea-AI Summary
MedAvail Holdings (Nasdaq: MDVL) announces its partnership with Cano Health to install SpotRx kiosks in four clinics in the Los Angeles area. This collaboration aims to enhance pharmacy access for patients, particularly seniors, through on-site medication dispensing and courier delivery services. MedAvail plans to leverage its established infrastructure in California to support this initiative. The partnership is designed to improve medication adherence and health outcomes for Cano Health's predominantly low-income and minority patient base.
Positive
Partnership with Cano Health expands MedAvail's reach in California.
SpotRx kiosks will enhance patient access to medications in clinics.
Focus on Medicare market aligns with demographic needs.
Negative
None.
Innovative self-serve pharmacy kiosks to be embedded in four clinics
MISSISSAUGA, Ontario & PHOENIX--(BUSINESS WIRE)--
MedAvail Holdings, Inc. (Nasdaq: MDVL) (“MedAvail”), a technology-enabled retail pharmacy company, has signed an initial four clinics with Cano Health in California.
In-clinic SpotRx kiosks and courier home delivery will be available to patients at four Cano Health clinic locations in the greater Los Angeles area. SpotRx Pharmacy is the retail pharmacy brand owned and operated by MedAvail in the United States, which deploys and operates the MedAvail MedCenters.
“We are thrilled to continue our collaboration with Cano Health, supporting them with their expansion into California,” said Ed Kilroy, Chief Executive Officer of MedAvail. “We will be leveraging our current pharmacy infrastructure already deployed in California to service these Cano clinics.”
MedAvail’s SpotRx Pharmacy business is primarily focused on the Medicare (65+ year old) market and the medical clinics where they receive care. The SpotRx MedCenter allows patients to virtually consult with a pharmacist and fill their medications within clinics, eliminating the need to visit a pharmacy. SpotRx also provides patients the option to have their medications delivered to their homes free of charge.
“Our partnership with SpotRx will enable us to provide a high touch pharmacy experience to our patients while also providing convenient on-site access to over-the-counter and prescription medications,” said Dr. Richard Aguilar, Chief Clinical Officer of Cano Health. “We want to ensure that our patients receive high quality, affordable care and medication adherence plays an important role in population health management.”
About Cano Health
Cano Health operates value-based primary care medical centers and supports affiliated medical practices that specialize in primary care for seniors in Florida, Texas, Nevada, New York, New Jersey, New Mexico, California, Illinois, and Puerto Rico, with additional markets in development. As part of its care coordination strategy, Cano Health provides sophisticated, high-touch population health management programs including telehealth, prescription home delivery, wellness programs, transition of care, and high-risk and complex care management.
Cano Health’s personalized patient care and proactive approach to wellness and preventive care sets it apart from competitors. Cano Health has consistently improved clinical outcomes while reducing costs, affording patients the opportunity to lead longer and healthier lives. Cano Health serves a predominantly minority population (80% of its patients are Latino or African American) and low-income population (50% of its members are dual eligible for Medicare and Medicaid). For more information visit www.canohealth.com or www.canohealth.com/investors/.
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.
