NEW YORK--(BUSINESS WIRE)--iMedicare, the leading Medicare plan comparison platform for community pharmacies, and Arete Pharmacy Network, the nation’s fourth largest Pharmacy Services Administrative Organization (PSAO), announced their partnership today. Arete Pharmacy Network is the combined entity of United Drugs and Third Party Network.
Acknowledging the growing Medicare eligible population and the barriers independent and community pharmacies face regarding the management of their Medicare business, iMedicare looks to align with partners who can broaden the range of pharmacies with access to its innovative software designed to help patients manage Medicare options, while simultaneously increasing pharmacy profitability.
“In today’s landscape ridden with DIR fees and reimbursements below cost, iMedicare is committed to transparency for every pharmacy and their patients. The partnership with Arete Pharmacy Network will enable over 2,300 pharmacies to benefit from tools that help lower their DIR fees, increase their Star Ratings and help patients save thousands of dollars in out-of-pocket costs,” said Flaviu Simihaian, CEO of iMedicare.
Arete Pharmacy Network is dedicated to delivering timesaving resources catered to the individual pharmacy's needs, enabling it to devote more time to providing exceptional care to patients and ultimately, position itself as a highly differentiated, innovative, and superior pharmacy in the community. The partnership between the companies will help expand resources required to achieve greater workflow efficiency.
"iMedicare provides a great tool for our pharmacies to help beneficiaries understand the complexity of the Medicare landscape and find the best option to fit their medication needs. We believe that iMedicare creates additional clarity for both beneficiaries and pharmacy staff, as they prepare for new plan options for next year," said Rob McMahan, CEO of Arete Pharmacy Network.
iMedicare is the leading Medicare plan comparison platform that reduces patient's Medicare costs while simultaneously increasing revenues for community pharmacies. Over 4,000 pharmacies use iMedicare to increase reimbursements, avoid closed networks, improve Star Ratings, and gain more business. For more information, visit www.imedicare.com
About Arete Pharmacy Network
Arete Pharmacy Network serves independent community pharmacies through a portfolio of expanded tools and services designed to help pharmacies deliver quality care to their communities. With a core focus on managed care contracting and service excellence, Arete Pharmacy Network supports the effective management of the financial, quality, and operational aspects of pharmacy business. For more information, visit www.areterx.com.