STOCK TITAN

MedAvail Strengthens Leadership Team

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

MedAvail Holdings, Inc. (NASDAQ: MDVL) announced the appointments of Steven Hess as Executive Vice President and General Manager of SpotRx, and Bob McClune as Senior Vice President of Data and Analytics. Hess brings over 35 years of pharmacy leadership experience, having previously increased patient and prescription volumes at MedMinder. McClune, with 21 years in data analytics and 18 years in pharmacy services, aims to enhance data exchanges with clinic partners. These strategic hires are expected to bolster MedAvail's embedded pharmacy model and drive profitable growth.

Positive
  • Appointment of Steven Hess and Bob McClune strengthens leadership team.
  • Hess's experience in driving efficiencies could enhance operational performance.
  • McClune's analytics expertise may optimize data exchanges with partners.
Negative
  • None.

MISSISSAUGA, Ontario & PHOENIX--(BUSINESS WIRE)-- MedAvail Holdings, Inc. (Nasdaq: MDVL) (“MedAvail”) a technology-enabled pharmacy company, today announced the appointment of industry leaders Steven Hess to Executive Vice President, General Manager, of SpotRx and Bob McClune to Senior Vice President of Data and Analytics.

“We are pleased to have Steven join our senior leadership team. Steven’s extensive pharmacy experience across retail and specialty will be integral in leading our strategies to drive profitable growth and optimize our SpotRx hub pharmacy and MedCenter enabled clinic operations. We also welcome Bob to MedAvail to lead our efforts in optimizing and accelerating data exchanges with our clinic partners,” said Mark Doerr, Chief Executive Officer of MedAvail. “These key additions will help further our commitment toward expanding our embedded pharmacy model for the benefit of our patient and clinic partners.”

Steven Hess joins with over 35 years of senior operational leadership experience in the pharmacy industry across retail, specialty, PBM and technology. Most recently, he served as Chief Pharmacy Officer of MedMinder, a pharmaceutical technology company, where he increased patient and prescription volumes and implemented strategies to drive efficiencies. Prior to MedMinder, Mr. Hess led operations and technology at Apotheco Pharmacy Group, growing the enterprise with new pharmacies and streamlining the fulfillment process. Previously, he held senior leadership roles in pharmacy operations and technology at Diplomat Specialty Pharmacy, Option Care, Catamaran, Health Business System, SXC and as Vice President of Pharmacy Operations and Procurement at United Health Group/Optum Rx. Mr. Hess holds a Bachelor of Science in Pharmacy from Medical University of South Carolina.

Bob McClune is an analyst by trade and has over 21 years of experience in data and advanced analytics paired with 18 years in pharmacy services, supporting operations and managed care in addition to leading finance, analytics and procurement. This experience includes nearly 14 years at Giant Eagle with increasing senior responsibilities within pharmacy, finance and supermarket. During his tenure at Giant Eagle, Mr. McClune most recently served as Vice President of overseeing the finance, analytics and systems function within merchandising. Previously, he held positions at The Nielsen Company, IQVIA and AstraZeneca Pharmaceuticals. Mr. McClune holds a Bachelor of Science from Pennsylvania State University.

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.

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.

SOURCE MedAvail Holdings, Inc.

Investor Relations

Caroline Paul

Gilmartin Group

ir@medavail.com

Source: MedAvail Holdings Inc.

FAQ

Who has been appointed as Executive Vice President at MedAvail?

Steven Hess has been appointed as Executive Vice President and General Manager of SpotRx.

What experience does Steven Hess bring to MedAvail?

Steven Hess has over 35 years of experience in the pharmacy industry, including previous roles in operational leadership at various organizations.

What role will Bob McClune play at MedAvail?

Bob McClune will serve as Senior Vice President of Data and Analytics, focusing on optimizing data exchanges with clinic partners.

How might these new appointments impact MedAvail’s business?

The appointments are expected to drive profitable growth and enhance the efficiency of MedAvail’s pharmacy services.

MedAvail Holdings, Inc.

NASDAQ:MDVL

MDVL Rankings

MDVL Latest News

MDVL Stock Data

2.91M
380.04k
0.38%
87.06%
0.64%
Pharmaceutical Retailers
Healthcare
Link
United States
Phoenix