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.
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.
|SOURCE MedVantx, Inc.|
Copyright©2014 PR Newswire.
All rights reserved