Mednow to become the preferred virtual pharmacy partner for
participating PBAS clients and their members.
- Prudent Benefits Administration Services, Inc. (“PBAS”) is a
leading third-party administrator that delivers comprehensive
benefits administration services to over 200,000 Canadians
- Mednow will become the preferred virtual pharmacy partner for
PBAS clients
- PBAS benefit plans will have access to Mednow's full range of
healthcare solutions, including online prescriptions, medication
ordering/fulfilment/delivery, and more
Mednow Inc. (“Mednow” or the “Company”) (TSXV: MNOW) (OTCQX:
MDNWF), Canada’s on-demand virtual pharmacy, is announcing a new
partnership with Prudent Benefits Administration Services, Inc.
(“PBAS”), a leading third-party administrator that delivers
comprehensive benefits administration services to over 200,000
Canadians. The partnership will provide Mednow's digital pharmacy
and healthcare platform to participating PBAS clients and their
members, part of Mednow's efforts to expand its Mednow for Business
offering to large groups seeking a cost-effective and patient-
centred healthcare platform with a focus on digital, private, and
on-going pharmacy and healthcare services.
Mednow will become the preferred virtual pharmacy partner for
participating PBAS clients, with the partnership's initial focus on
PBAS’s student business, which serves over 30,000 post-secondary
students across Canada. "Students are a prime candidate for virtual
pharmacy services because they are both tech-savvy and always on
the go," said Mednow's Chief Revenue Officer, David Marantz. The
partnership aims to help students access their medications and
health information securely and privately without having to leave
campus or disrupt their busy schedules.
“Mednow is committed to providing Canadians with convenient and
affordable access to healthcare services,” said Mednow's CEO, Ali
Reyhany. “Our partnership with PBAS is a testament to that
commitment.” Peter O’Hara, PBAS’s Vice-President and head of its
benefits administration business, added: “At PBAS, our goal is
simple: provide innovative, best-in-class benefit solutions that
make a meaningful difference in plan members’ health and
well-being. Mednow’s virtual pharmacy offering checks off each of
those boxes.”
Under the terms of the partnership, members of participating
PBAS benefit plans will have access to Mednow's full range of
healthcare solutions, including online prescriptions, medication
ordering/fulfilment/delivery, and more. By leveraging Mednow's
technology and expertise, PBAS aims to provide its clients with a
seamless, efficient, personalized healthcare experience.
The partnership between Mednow and PBAS will take effect in May
2023, with members being able to access Mednow's pharmacy and
healthcare services through their existing benefits plans. This
partnership is an exciting development for both companies, whose
shared goal is to improve the quality and accessibility of
healthcare for Canadians.
About PBAS
PBAS is a national pensions and benefits consulting and
third-party administration firm that provides tailored solutions to
sponsors of various benefit programs, including pension, health,
group life, disability, dental, wellness, and more. Specializing in
multi-employer benefit trusts, PBAS provides comprehensive
administration services to plan sponsors and their members,
customizing its service offering to each client's unique needs.
To learn more, visit pbas.ca.
About Mednow
Mednow is a healthcare technology company offering virtual
access with exceptional care. Designed with access and quality care
in mind, Mednow provides virtual pharmacy and telemedicine
services, as well as doctor home visits, with convenience and
through an interdisciplinary healthcare approach focused on the
patient experience. Mednow’s services include free at-home delivery
of medications, a user-friendly interface for easy upload, transfer
and refill of prescriptions, access to healthcare professionals
through an intuitive chat experience, a specialized PillSmart™
system that packages medications and vitamins by date and time, and
doctor consultations.
To learn more, follow Mednow on Facebook, Twitter, LinkedIn and
Instagram, and visit mednow.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements:
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including
statements regarding future estimates, plans, objectives, timing,
assumptions or expectations of future performance, including
without limitation, that Mednow expects to operate in regions in
Canada other than BC and ON by way of Preferred Pharmacy Partners
and franchisees; that Mednow expects to collect technology fees
from participating pharmacies in its preferred pharmacy network,
Mednow for Business has a pipeline of groups which are expected to
be launched in the coming months and that Mednow Pharmacists are
expected to perform an in-home medication review and medication
cabinet cleanup for eligible housebound patients under the Ontario
Drug benefits program are forward-looking statement and contains
forward-looking information.
Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as
“intends” or “anticipates”, or variations of such words and phrases
or statements that certain actions, events or results “may”,
“could”, “should”, “would” or “occur”. Forward-looking statements
are based on certain material assumptions and analysis made by the
Company and the opinions and estimates of management as of the date
of this press release, including that Mednow will operate in
regions in Canada other than BC and ON by way of Preferred Pharmacy
Partners and franchisees; Mednow will collect technology fees from
participating pharmacies in its preferred pharmacy network, Mednow
for Business has a pipeline of groups which will be launched in the
coming months and Mednow Pharmacists will perform an in-home
medication review and medication cabinet cleanup for eligible
housebound patients under the Ontario Drug Benefits Program.
These forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking
information. Important factors that may cause actual results to
vary, include, without limitation that Mednow will not operate in
regions in Canada other than BC and ON by ways of Preferred
Pharmacy Partners and franchise or at all; Mednow will not be
successful in collecting technology fees from participating
pharmacies in its preferred pharmacy network, Mednow for Business’
pipeline of groups will not be successfully launched in the coming
months or at all, Mednow Pharmacists will not perform an in-home
medication review and medication cabinet cleanup under the Ontario
Drug Benefits Program and the risk factors discussed or referred to
in the Company’s disclosure documents under the Company’s profile
at www.sedar.com
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20230424005349/en/
Investor Relations: Lorraine
Cardenas ir@mednow.ca 1.855.686.6300
Mednow (TSXV:MNOW)
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