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CareRx Applauds Ontario Ministry of Health's Pause of Planned Fee Changes
CareRx Applauds Ontario Ministry of Health's Pause of Planned Fee Changes Canad...
About this update from Carerx Corporation
[{"type":"text","content":"\n \n \n \n CareRx Applauds Ontario Ministry of Health's Pause of Planned Fee Changes\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Jan. 18, 2021\n \n /CNW/ - CareRx Corporation (\"CareRx\" or the \"Company\") (TSX: CRRX), Canada's leading provider of specialty pharmacy services to seniors, is pleased that the Ontario Ministry of Health has announced that it will pause for one year previously scheduled changes to long-term care pharmacy funding, which were scheduled to go into effect on\n \n April 1, 2021\n \n .\n \n \n Under certain amendments to the\n \n Ontario Drug Benefit Act\n \n that came into effect on\n \n January 1, 2020\n \n , the reimbursement model for long-term care pharmacies in\n \n Ontario\n \n was changed from a fee-for-service model to a fee-per-bed capitation model under which pharmacies receive a fixed professional fee for all pharmacy services provided to residents in long-term care homes. The fee for 2020, which was prescribed at\n \n $1,500\n \n , was scheduled to decline to\n \n $1,400\n \n per bed serviced on\n \n April 1, 2021\n \n . The step-down in capitation has now been paused until\n \n April 1, 2022\n \n .\n \n \n \"Long-term care homes and their staff have faced unprecedented challenges during COVID-19,\" said\n \n David Murphy\n \n , President and Chief Executive Officer of CareRx. \"This pause will ensure that pharmacies like CareRx can continue to deliver the same exceptional partnership and service offering to long-term care homes and help alleviate the burden COVID-19 has placed on home staff. We want to thank Minister Elliott, Minister Fullerton and the Ontario Government for their ongoing dialogue and commitment to protecting the wellbeing of residents in long-term care.\"\n \n \n \n \n About CareRx Corporation\n \n \n \n CareRx is Canada's leading provider of specialty pharmacy services to seniors. We serve approximately 50,000 residents in over 900 seniors and other communities (long-term care homes, retirement homes, assisted living faci...