Friday, October 21, 2016 11:40:40 AM
As an insurance agent who sells medicare policies, I can see the value here a lot better than most. Medicare insurance carriers are given a star rating from 1 to 5 by the federal Center for Medicare Services (CMS). This is based on the patient outcomes and quality of service. A five star rating is very valuable to a medicare carrier since it allows people to switch to their plan at any time during the year as opposed to only during the annual medicare enrollment period (October 15 thru December 7). A high quality prescription service can help them achieve that goal. A mail order contract with an HMO could, by itself, be worth millions per year in revenue. From their website...
Malecon Pharmacy website
Aggregating prescriptions from multiple sources allows for volume discounts on individual drugs and economies of scale. Automation holds down Malecon's costs.
Nursing homes and long term care facilities are another source of lucrative contracts...
MaleconPacs allow them to customize prescriptions to each individual. People, particularly the elderly of which there are quite a few in Florida, who take multiple prescription drugs at different times during the day can easily get confused and skip some meds or overdose. The Malecon pack is ideal for enhancing outcomes.
Automated fill machines increase accuracy and save time and labor.
Les
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