Progressive Care Inc (RXMD)

[DCorleone]

It is ACCURATE. DECLINING TREND>>>>>>>>>>>>>>>>>> Same as RXMD PPS.... .2659>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.063

LACK of RXMD PROFIT referred to as NOT RELEVANT

From the Mouth of RXMD CEO.

through the continued efforts of health maintenance organizations,
managed care organizations, PBMs, government programs (such as Medicare, Medicaid and other federal and state
funded programs), and other third-party payers to limit pharmacy reimbursements, which has adversely impacted our
profitability. While manufacturers have increased the price of drugs, payers have generally decreased reimbursement
rates as a percentage of drug cost. We have experienced a significant reduction in pharmacy reimbursements in the
compounding segment, where compounding revenue decreased from approximately $1,220,000 from 1,647 claims in
first quarter 2017 to approximately $932,000 from 1,678 claims in first quarter 2018.