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://nnw.fm/4be3P). . . . A news media series of reports on ‘pharmacy deserts’ cropping up across Ohio and elsewhere in the United States (http://nnw.fm/u8Hst) 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://nnw.fm/o3arE).”
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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://nnw.fm/TRXD
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