MedVantx Celebrates 3 Millionth Consumer Served Milestone
The MedVantx Consumer Medication Management Platform Has Reached 3 Million Consumer Milestone Having Provided Consumers Immediate Access to Over 66 Million Days of Therapy at Point-of-Care Addressing Key Primary Adherence Issue
SAN DIEGO, Feb. 22, 2012 /PRNewswire/ -- MedVantx, Inc., an innovative medication management and delivery company that created first ever controlled access to generic samples in US physician offices, today announced that it has provided over 3 million medication samples, representing over 66 million days of medication therapy, to U.S. consumers in physician offices since its inception, thereby improving patient access to chronic medications and the potential for patient medication adherence.
In recent years, numerous publications have highlighted an alarming phenomenon—nearly 50% of all prescriptions written by doctors are never filled or taken by patients—a phenomenon referred to as primary non-adherence. Adherence to prescribed medication regimens is recognized as a critical determinant of success in the treatment of chronic diseases. And, the cost of non-adherence is estimated at nearly $300 billion per year in the U.S.
"This milestone reflects our commitment to tackling a fundamental healthcare issue—addressing primary adherence at the point-of-care by ensuring patients leave the office with their prescribed medications," stated Robert Feeney, Chief Executive Officer of MedVantx. "We believe our program is extremely well positioned to help payor and provider organizations innovate and collaborate to achieve improved outcomes and lower healthcare costs as patients are more adherent to their prescribed medication."
Through its proprietary automated MedStart™system, MedVantx collaborates with physicians, health plans, employers and manufacturers to provide consumers access to generic, brand and over-the- counter medication therapy in physician offices. MedVantx automates the traditional sampling process, captures sampling data, provides drug information and supports ongoing primary and secondary adherence management. The Company also provides consumers with access to cost-effective home delivery and prescription assistance programs as well as fully transparent mail order services to employer groups and health plans.
About MedVantx, Inc.
MedVantx is an innovative consumer medication management and delivery company committed to streamlining access, reducing costs and providing highly relevant information to benefit patients, physicians, health plans, employers and manufacturers. The MedVantx platform is 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's office sample closet. The Company's consumer medication management platform includes free initial prescription and over-the-counter medication therapy at the point of care; a consumer helpline providing drug information, adherence management and reimbursement assistance and convenient consumer home delivery through its mail order pharmacy. The national MedVantx network has served over 2.5 million consumers through an integrated network including 16 health plans, 18 manufacturers and more than 3,500 prescribers.
For additional information about MedVantx and opportunities to participate in MedVantx Network, please contact MedVantx, Inc. at (858) 625-2990.
MedVantx Contact:
Susan Hogue
(858) 964-1502
[email protected]
SOURCE MedVantx, Inc.
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