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CARERX REPORTS ONTARIO MINISTRY OF HEALTH'S POSTPONEMENT OF PLANNED FEE CHANGES FOR ANOTHER YEAR
CARERX REPORTS ONTARIO MINISTRY OF HEALTH'S POSTPONEMENT OF PLANNED FEE CHANGES FOR ANOTH...
About this update from Carerx Corporation
[{"type":"text","content":"\n \n \n \n CARERX REPORTS ONTARIO MINISTRY OF HEALTH'S POSTPONEMENT OF PLANNED FEE CHANGES FOR ANOTHER YEAR\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 \n TORONTO\n \n \n ,\n \n \n Feb. 23, 2022\n \n \n /CNW/ - CareRx Corporation (\"CareRx\" or the \"Company\") (TSX: CRRX), Canada's leading provider of pharmacy services to seniors living communities, today reported that the Ontario Ministry of Health (\"MOH\") has announced that it will again postpone for one year the previously scheduled changes to long-term care pharmacy funding. The changes were originally scheduled to come into effect on\n \n April 1, 2021\n \n , however, were previously postponed until\n \n April 1, 2022\n \n . The changes have again been postponed and are now scheduled to come into effect on\n \n April 1, 2023\n \n .\n \n \n \"We applaud the Ontario Ministry of Health for once again making the decision to postpone its planned fee changes as long-term care homes and their staff continue to manage through the still significant challenges created by the COVID-19 pandemic,\" said\n \n David Murphy\n \n , President and Chief Executive Officer of CareRx. \"At CareRx, we pride ourselves on the critical role we play together with our long-term care partners in delivering positive health outcomes, while helping to improve direct resident care nursing time and reducing the overall cost of healthcare. This postponement will ensure that we can continue to provide the same exceptional service offering to our home partners and their residents to continue to support them during this especially challenging time. We again thank the Ontario Government, and especially Ministers Elliott and Calandra, for their continued dialogue and commitment to protecting the wellbeing of seniors in long-term care.\"\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...