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TRxADE HEALTH Announces Launch of Preferred Drug Discount Card as Part of New Health Services Organization Offering
TrxadeHSO™ Program Provides Healthcare-Adjacent Services to Vast User Network in Partnership with Paramount Rx, Empowering Independent Pharmacies to Remain at
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[{"type":"text","content":"TrxadeHSO™ Program Provides Healthcare-Adjacent Services to Vast User Network in Partnership with Paramount Rx, Empowering Independent Pharmacies to Remain at Forefront of Patient CareTAMPA, FL / ACCESSWIRE / November 30, 2021 / TRxADE HEALTH, INC. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S., today announced the launch of its TRxADE Discount Card, empowering independent pharmacies to continue offering deeply discounted drug pricing to their customers while concurrently protecting margins and remaining at the forefront of patient care.Under its Health Services Organization (TrxadeHSO™) Program, Trxade aims to offer its network of 12,950+ members premier pharmacy and health-related services - all uniquely designed to empower pharmacies to provide better healthcare outcomes to consumers while growing their businesses as a local healthcare hub.Made possible through a strategic partnership with Paramount Rx, a full-service pharmacy benefits manager, TRxADE HEALTH's Preferred Drug Discount Card offers a heavily discounted option for patients for one low flat-fee to providers, known as the administrative fee. All independent pharmacies that are part of the TRxADE HEALTH network will be eligible to participate, further eliminating the affordable prescription drug pricing divide between independent and chain pharmacies. This innovative solution, along with Trxade's proprietary supply chain platform, helps to foster price transparency across the continuum of care by protecting independent pharmacies who often see reduced margins when discount cards are utilized.\"We are pleased to announce our TRxADE Discount Card program, the T-Rx™ Savings Card, offering our network of independents access to competitive prescription savings for their customers while concurrently maintaining a reasonable transaction-level margin profile - a feature unique to our TrxadeHSO™ solution, unlike other well established discount card providers,\" said Prashant Patel, RPh, President of TRxADE HEALTH. \"Other major prescription drug discount providers either exclude independents from the network or offer preferred rates to retail enterprise partners, resulting in higher fees for the independents and their patients when t...