Progressive Care Inc (RXMD)

[TheSerb]

Progressive Care Inc. Reports Record Revenue of $3.4 Million for July 2019
BY GlobeNewswire
— 8:07 AM ET 08/21/2019
MIAMI, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Progressive Care Inc. ( RXMD
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) , a personalized healthcare services and technology company, today announced record revenues of approximately $3.4 million for July 2019 and an 73% increase in prescriptions filled at over 46,400 total.

The Company recorded an 88% increase in gross revenues at $3.4 million exclusive of PBM fees and over 46,000 prescriptions filled. The Company has been actively pursuing growth strategies that will enhance our core business. We are currently working to optimize profitability by focusing sales efforts on patients whose medication benefits are managed by PBMs that have sustainable reimbursement rates or do not charge excessive fees.

“We have aggressively pursued sales and prescription growth throughout the year,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. ( RXMD
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) “While we feel that growth is in our best interest, it is important that we make gains in the right way. By presenting ourselves to patients enrolled in drug benefit programs that adequately compensate the pharmacy, we will be able to improve our quality of care while also increasing our bottom line.”

For more information about Progressive Care ( RXMD
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), please visit the company’s website.

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