SAN DIEGO, Aug. 6, 2014 /PRNewswire/ -- MedVantx, Inc., a
leading provider of medication access, adherence and
direct-to-patient consumer programs, today announced it will create
a specialty pharmacy on-site at the UPS Global Healthcare campus
and adjacent to UPS Worldport, UPS's worldwide air hub located at
Louisville International Airport
in Louisville, KY and the largest
fully automated package handling facility in the world. This
new end-of-runway specialty pharmacy expands on the MedVantx
Omni-Channel/HUB services pharmacy strategy to now provide
manufacturers, payors and health systems with enhanced cold chain
logistics capabilities, cGMP consigned inventory models and
direct-to-patient delivery programs that will significantly
increase speed to therapy, improve medication adherence and reduce
overall supply chain expenses.
The specialty pharmaceutical marketplace is expected to more
than quadruple by 2020, reaching approximately $402 billion a year. And, the
pharmaceutical industry is seeking new HUB services and
direct-to-patient platforms that can manage traditional
prescription medications as well as the unique supply chain
requirements of specialty products in a single integrated
platform. MedVantx pioneered the pharmaceutical industry's
first anticipatory delivery channel of prescription medication
therapy through the company's proprietary "ATM-like" medication
management platform, MedStart™ Connect that allows medications to
be provided directly to consumers at the point of care and has been
shown to significantly improve primary and secondary
adherence. Now, with the new cGMP-compliant end-of-runway
pharmacy at UPS's Worldport air hub, which will feature controlled
substance storage and support the full range of
temperature-sensitive products, MedVantx can provide a broader
array of direct-to-consumer distribution services, with
industry-leading response times, order cut-offs as late as
1 AM ET and improved
flexibility.
"The prescription assistance, specialty pharmacy and
direct-to-patient marketplace is converging at a time of incredible
innovation in healthcare delivery, consumerism, and new e-commerce
channels," said Robert Feeney,
Founder and CEO of MedVantx, Inc. "Pharmaceutical
manufacturers are seeking new integrated HUB service platforms that
can manage the unique requirements of specialty medications while
at the same time better serving an increasingly engaged, demanding
and impatient healthcare consumer. MedVantx pioneered the
healthcare industry's first anticipatory delivery modality of
prescription medications at the point of care, and, thus, we are
uniquely qualified to expand our medication access platform to the
next level—same day home delivery," added Mr. Feeney. "By
creating this new pharmacy solution and taking advantage of
healthcare-specific services provided by UPS, we can develop new
tools for manufacturers, providers and payors to help them achieve
their goals."
"At UPS, we continually work to develop new, innovative
solutions to best serve the unique needs of our healthcare
customers," said John Menna, UPS
vice president, global healthcare strategy. "Working closely with
MedVantx, we developed an offering that answers their need by
providing a second cGMP-compliant pharmacy location that supports a
full range of temperature-sensitive products along with controlled
substance storage, and best-in-class distribution services to their
customers throughout the U.S."
About MedVantx, Inc.
MedVantx is an innovative medication management and delivery
company committed to streamlining access, reducing healthcare
costs, increasing medication adherence, and enhancing patient
satisfaction while improving patient quality of care and
outcomes. The MedStart Connect program provides for 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 office sample closet. MedStart Connect includes
free initial therapy samples of prescription and over-the-counter
medication at the point of care, a consumer helpline providing drug
information, adherence management services, and convenient consumer
home delivery through its mail order pharmacy. The national
MedVantx network has served over 4 million consumers through an
integrated network including health plans, manufacturers and more
than 4,000 prescribers in diverse care settings. For company
information, visit www.medvantx.com. For information on
MedStart Connect, visit www.MedStart-Connect.com. The company
can be found on the web at www.MedVantx.com.
About UPS
UPS® (NYSE: UPS) is a global leader in logistics, offering
a broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS
serves more than 220 countries and territories worldwide. The
company can be found on the web at ups.com® and its corporate blog
can be found at blog.ups.com. To get UPS news direct, visit
pressroom.ups.com/RSS.
MedVantx Contact:
JD Haldeman
(858) 964-1497
JD.Haldeman@MedVantx.com
SOURCE MedVantx, Inc.