Navigation Links
MedVantx Announces End of Runway Pharmacy to Offer Enhanced Specialty Pharmacy and Direct-to-Patient Medication Access Services
Date:8/6/2014

SAN DIEGO, Aug. 6, 2014 /PRNewswire/ -- MedVantx, Inc., a leading provider of medication access, adherence and direct-to-patient consumer programs, today announced it will create a specialty pharmacy on-site at the UPS Global Healthcare campus and adjacent to UPS Worldport, UPS's worldwide air hub located at Louisville International Airport in Louisville, KY and the largest fully automated package handling facility in the world.  This new end-of-runway specialty pharmacy expands on the MedVantx Omni-Channel/HUB services pharmacy strategy to now provide manufacturers, payors and health systems with enhanced cold chain logistics capabilities, cGMP consigned inventory models and direct-to-patient delivery programs that will significantly increase speed to therapy, improve medication adherence and reduce overall supply chain expenses.

The specialty pharmaceutical marketplace is expected to more than quadruple by 2020, reaching approximately $402 billion a year.  And, the pharmaceutical industry is seeking new HUB services and direct-to-patient platforms that can manage traditional prescription medications as well as the unique supply chain requirements of specialty products in a single integrated platform.  MedVantx pioneered the pharmaceutical industry's first anticipatory delivery channel of prescription medication therapy through the company's proprietary "ATM-like" medication management platform, MedStart™ Connect that allows medications to be provided directly to consumers at the point of care and has been shown to significantly improve primary and secondary adherence. Now, with the new cGMP-compliant end-of-runway pharmacy at UPS's Worldport air hub, which will feature controlled substance storage and support the full range of temperature-sensitive products, MedVantx can provide a broader array of direct-to-consumer distribution services, with industry-leading response times, order cut-offs as late as 1 AM ET and improved flexibility.   

"The prescription assistance, specialty pharmacy and direct-to-patient marketplace is converging at a time of incredible innovation in healthcare delivery, consumerism, and new e-commerce channels," said Robert Feeney, Founder and CEO of MedVantx, Inc.  "Pharmaceutical manufacturers are seeking new integrated HUB service platforms that can manage the unique requirements of specialty medications while at the same time better serving an increasingly engaged, demanding and impatient healthcare consumer.  MedVantx pioneered the healthcare industry's first anticipatory delivery modality of prescription medications at the point of care, and, thus, we are uniquely qualified to expand our medication access platform to the next level—same day home delivery," added Mr. Feeney.  "By creating this new pharmacy solution and taking advantage of healthcare-specific services provided by UPS, we can develop new tools for manufacturers, providers and payors to help them achieve their goals."   

"At UPS, we continually work to develop new, innovative solutions to best serve the unique needs of our healthcare customers," said John Menna, UPS vice president, global healthcare strategy. "Working closely with MedVantx, we developed an offering that answers their need by providing a second cGMP-compliant pharmacy location that supports a full range of temperature-sensitive products along with controlled substance storage, and best-in-class distribution services to their customers throughout the U.S."

About MedVantx, Inc.

MedVantx is an innovative medication management and delivery company committed to streamlining access, reducing healthcare costs, increasing medication adherence, and enhancing patient satisfaction while improving patient quality of care and outcomes.  The MedStart Connect program provides for a fully-automated, integrated, point-of-care to consumer home delivery channel focused on increasing the quality and cost effectiveness of the last non-managed pharmaceutical channel – the physician office sample closet.  MedStart Connect includes free initial therapy samples of prescription and over-the-counter medication at the point of care, a consumer helpline providing drug information, adherence management services, and convenient consumer home delivery through its mail order pharmacy.  The national MedVantx network has served over 4 million consumers through an integrated network including health plans, manufacturers and more than 4,000 prescribers in diverse care settings.  For company information, visit www.medvantx.com.  For information on MedStart Connect, visit www.MedStart-Connect.com.  The company can be found on the web at www.MedVantx.com.

About UPS

UPS® (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.

MedVantx Contact:
JD Haldeman
(858) 964-1497
JD.Haldeman@MedVantx.com  


'/>"/>
SOURCE MedVantx, Inc.
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. MedVantx MedStart™ Solves Problem Highlighted in Study Published in Journal of the American Board of Family Medicine - Expired Medications in Physician Office Sample Closets
2. MedVantx Names New VP Employer Solutions and Workplace Health
3. MedVantx Pharmacy Services Receives Coveted VIPPS Accreditation (Verified Internet Pharmacy Practice Sites)
4. MedVantx Achieves Significant Milestone of Providing Over $600 Million of Specialty Pharmacy Prescription Medications to Consumers
5. FastMed Urgent Care and MedVantx Offer Consumers First Ever Access to Free Samples of Medications through an Automated Medication Cabinet Across North Carolinas Largest Network of Urgent Care Centers
6. MedVantx Achieves Significant Milestone of Managing $1.5B in Prescription Medications and Completes Facilities Expansion While Upgrading To Offer Current Good Manufacturer Practices (cGMP)-level Quality Systems in their Home Delivery Pharmacy
7. Precision Optics Corporation Announces $1 Million Order for Microprecision™ Based Endoscopes
8. Young Innovations, Inc. Announces Record Sales and EPS for the Quarter Ended March 31, 2012
9. JDRF Announces Research Collaboration with Dexcom, Inc. to Develop "Smart Transmitter" Technology to Accelerate Artificial Pancreas Studies
10. Misonix Announces New Distribution Agreement For Panama
11. University of Maryland BioPark Announces MedImmunes Dr. Bahija Jallal as Newest Member of Board of Directors for UM Health Sciences Research Park
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... 26, 2016 Story Highlights: ... models within the health care industry is causing providers ... , Deloitte offers a suite of solutions for ... impacting efficient cost optimization: labor resource analysis, revenue cycle ... facilitate better outcomes and better economics ...
(Date:6/24/2016)... CAMBRIDGE, Mass. , June 24, 2016 /PRNewswire/ ... the Spaulding Rehabilitation Network,s Dean Center for ... of Physical Medicine and Rehabilitation, MIT Hacking Medicine, ... Center for Innovation, today announced the five finalists ... Hackathon for Lyme disease.  More than 100 scientists, ...
(Date:6/24/2016)... Dehaier Medical Systems Ltd. (NASDAQ: DHRM ) ... medical devices and wearable sleep respiratory products in ... with Hongyuan Supply Chain Management Co., Ltd. (hereinafter referred ... to develop Dehaier,s new Internet medical technology business. ... Hongyuan Supply Chain,s sales platform to reach Dehaier,s dealers ...
Breaking Medicine Technology:
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... ... athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as ... City area —Johnson is one of the first doctors to perform the treatment. ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced ... feelings, many turn to unhealthy avenues, such as drug or alcohol abuse, as a ... has released tools for healthy coping following a traumatic event. , Trauma sufferers tend ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Global law ... magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this recognition are ... , Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal ...
(Date:6/24/2016)... , ... June 24, 2016 , ... People across the ... Genome magazine’s Code Talker Award, an essay contest in which patients and their families ... to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education ...
(Date:6/24/2016)... ... 24, 2016 , ... Strategic Capital Partners, LLC (SCP) in ... investment capital for emerging technology companies. SCP has delivered investment events and ... more than a million dollars of capital investment for five companies. ...
Breaking Medicine News(10 mins):