Integrated pharmaceutical services company Trxade Group (OTCQB: TRXD) is helping to sustain
independent pharmacies through its web-based purchasing platform, network of
locally run pharmacies, data analytics and delivery services. An article
discussing the company reads, “A key challenge to the existence of independent
pharmacies in the modern era is the capacity that larger drug store chains have
for buying pharmaceutical products in bulk, thereby getting larger supplies at
reduced costs. Those difficulties have been exacerbated as the pharmacy benefit
managers (PBMs) designed to process claims for pharmacies have turned to
working for Medicare, Medicaid and commercial health plans — their aim now to
manage pharmaceutical benefits and keep insurers’ costs low (http://ibn.fm/CniN7). . . . A
news media series of reports on ‘pharmacy deserts’ cropping up across Ohio and
elsewhere in the United States (http://ibn.fm/11Fpk)
as independent businesses close their doors expresses particular concern about
the strain created by low reimbursement rates for state Medicaid patient
coverage. Even many physicians are turning away potential patients over the
state insurers’ record of poor reimbursement and complicated procedures for
obtaining reimbursement (http://ibn.fm/sw932).”
To view the full article, visit http://ibn.fm/QqJkK
About Trxade Group Inc.
Headquartered in Tampa, Florida, Trxade Group is an
integrated, pharmaceutical-logistical services company that combines a
web-based purchasing platform for transactions between independent pharmacists
and drug manufacturers, E-Hub with a mail-order pharmacy, warehouse and
drug-delivery services for consumers nationwide. The company has over 10,500
registered independent pharmacies on its web-based market platform that enables
the pharmacies to quickly and cost effectively source and purchase pharmaceuticals,
accessories and services from a wide range of manufacturers and drug
distributors. For more information, visit the company’s website at www.TrxadeGroup.com.
NOTE TO INVESTORS: The latest news and updates
relating to TRXD are available in the company’s newsroom at http://ibn.fm/TRXD
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