This Company Says Its Proprietary Technology Is Improving Retail Pharmacy for Consumers - Humana (NYSE:HU

Photo by Hal Gatewood on Unsplash

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Technology has been a boon for many industries and sectors. From productivity and efficiency to safety and quality assurance, good tech can go a long way toward improving the customer experience. When you’re talking about a pharmacy that deals in dispensing life-saving medications to people every single day, it’s important for patients to get the proper medications on time, every time.

NowRx says it is a technology-enabled local pharmacy that uses proprietary software and robotics to provide a more convenient and affordable pharmacy experience. Its biggest differentiating feature is its QuickFill pharmacy software platform used internally by its pharmacists. According to NowRx, the most prominent features of QuickFill include:

Electronically communicates with physicians and 3rd party insurance plans directly to accept and process prescriptions nearly instantaneously.
Utilizes intelligent claims adjudication features to streamline insurance processing and reduces insurance rejections and other service failures common in retail pharmacy.
Applies machine learning to automate purchases and manage inventory to reduce out-of-stock situations that delay patients getting medication.
Provides automatic discount search and application to find available drug manufacturer discounts for patients (saved patients over $2.8M in 2020)

Speed, Safety, and Quality

While speed is great and mostly desired when waiting for a prescription, patients need to know that their information is safe and that the medications come from a reputable place. NowRx states that it uses top vendors to line their shelves, and they have qualified and experienced pharmacy technicians on staff to make sure each prescription is accurate. Advocating for each individual client, the innovative pharmacy company runs a check for active coupons for each medication, so each patient pays the best price possible.

When doctors prescribe drugs to their patients, whether it’s a maintenance medicine or medication for an acute injury or illness, accuracy is essential. NowRx says it not only has checks and balances in place, but Surescripts recognized the company in 2021 for its stellar performance in this area with a White Coat Award for Highest Accuracy. Surescripts, the nation’s leading health information network, presents these awards each year to honor organizations that are continuing to move prescription accuracy forward. NowRx was 1 of 4 recipients in the retail and mail-order pharmacies category, along with Epic Pharmacy Network, Humana Pharmacy (NYSE:HUM), and Walmart Inc. (NYSE:WMT).

Comparing Services?

NowRx says that it is taking the best of both worlds from traditional brick and mortar pharmacies and mail order pharmaceuticals by having physical locations in all the areas it serves and providing same-day delivery with top-notch customer service.

NowRx believes that its growth since its inception is a sign that people want the convenience of home delivery but still want to receive great, personalized service from local pharmacists. So, this award-winning company hopes to offer a solution to that problem and deliver pharmacy the way it should be.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.