Supplier News Breaks Archives
iMedicare grows pharmacy base for Medicare Part D tool
August 28th, 2013
NEW YORK – iMedicare, a comparison platform for Medicare prescription drug plans, is now available in 500 pharmacies nationwide.
The company said Wednesday that its Medicare decision-making technology helps thousands of seniors enroll in affordable drug benefit plans and health insurance coverage.
By the end of this year, iMedicare expects to enable 1,000 pharmacies in all 50 states to help more than 20,000 seniors save over $16 million on Medicare plans.
iMedicare allows pharmacists to help seniors shop for Medicare insurance plans by automatically integrating their prescription medications in a simple mobile solution. Compatible with all major pharmacy software systems — including Rx30, QS/1, Computer-Rx and FrameworkLTC — iMedicare personalizes the Medicare plan selection process based on seniors' current drug list.
"Before iMedicare, choosing Medicare insurance was extremely difficult because it required manually inputting all of patients' current medications. Now iMedicare has the ability to securely import the patients' information in a matter of seconds," stated Flaviu Simihaian, chief executive officer of iMedicare.
Recently, iMedicare introduced new software capabilities to foster Part D plan savings and increase patient engagement at pharmacies. The company said it now identifies therapeutically equivalent medication alternatives, offering seniors less expensive options available, whether that is a generic drug or a more affordable branded medication.
"As a result of using iMedicare, the pharmacy saved patients over $200,000 this year," Steve Adkins, owner of Health Park Pharmacy in Raleigh, N.C., said in a statement.
Previously, pharmacists would often spend 30 to 45 minutes helping a patient find a Medicare plan that covered their prescription drug needs. iMedicare said its platform cuts that process to 2 minutes.
"We have been helping our customers with a Medicare Part D selection for a couple of years now," commented Robert Nearhoof, owner of KleinsRx in Ohio. "Before, we would always have to print out all the information to present it to our customers. Now with iMedicare, we are able to show them in multiple ways which plan might be best for them."