Verizon Wireless and Medco teamed up on a healthcare app.
This announcement of the “Medco Pharmacy mobile app” available on V CAST, is significant as it brings mobile healthcare a step closer to being user friendly.
How many times have you been to the doctor and they ask, what medications are you/your family taking? What is your ID and group number? Are you allergic to any medications? The list goes on. This app has a wealth of information for both the consumer and physician.
One area where it aids is in cost savings. The app recommends generics and also points out medication conflicts.
· More than 20% of Americans are Medco customers
· 500,000 prescriptions are written daily by doctors, that could be cheaper in cost if they go to a generic
Note – this app is available on Verizon Wireless Android and Blackberry devices. It is not available on the iPhone, but Medco says it could be in the future.
VERIZON WIRELESS AND MEDCO Unveil First Mobile Medication App with Real-Time Patient-Specific Drug Safety and Savings Information
Free App Available on Verizon Wireless BlackBerry® and Android™ Smartphones
Basking RiDge, N.J., and FRANKLIN LAKES, N.J. – Verizon Wireless and Medco Health Solutions, Inc. (NYSE: MHS) today announced a mobile application that can instantly guide patients and their doctors to the lowest-cost prescription drug to meet their health needs and help them identify potentially harmful drug interactions. Available now on Verizon Wireless Android handsets and BlackBerry devices, the new Medco Pharmacy mobile app delivers critical information to help Medco members manage their prescription medications.
The Medco Pharmacy mobile app, available for download in V CAST Apps, provides information about out-of-pocket costs for any prescription drug and lower-cost options specific to a person’s prescription drug plan, as well as drug interaction alerts based on the patient’s prescription history – even if the patient is treated by several doctors or fills prescriptions at many different pharmacies. Once registered at medco.com, patients will have their complete medication history and drug plan at their fingertips and can discuss cost-saving options, drug safety or coverage issues with their medical professional, even before they leave the doctor’s office.
The Medco Pharmacy mobile app, offering unique healthcare functionality, consists of three key features:
· My Rx Choices: Delivers on-demand, personalized out-of-pocket costs for any prescription medication and lower-cost options based on the member’s pharmacy plan coverage, as well as for eligible dependents; informs the registered members who can share the information with their physicians or pharmacist if there are any health or drug plan rules that require a physician authorization before the drug can be dispensed; and provides alerts to potential drug interaction risks associated with the current medications the person is on and a new medication a physician intends to prescribe.
· My Medicine Cabinet: Allows individuals to view the medications they are on and set reminders for themselves or members of the household to take or refill those medications. Over-the-counter (OTC) medications, vitamins and supplements can be added and checked for possible interactions with current prescription drugs. The drug review is automatic if the OTC is purchased at The Medco Health Store.
· Prescription ID Card: Offers convenient, easy access to a member’s prescription drug card anytime, anywhere.
“Wireless devices are a part of the lifestyle as we know it today, and millions of people rely on their BlackBerry and Android smartphones for instant information,” said Mike Ross, vice president of sales, healthcare, Verizon Wireless. “Reliability is paramount to not only medical information, but for a network too. Our combined technologies will give users a powerful tool that can help them manage their medical care.”
According to Medco research, 500,000 prescriptions that have a lower-cost option available are written every day for Medco members, illustrating the enormous potential savings opportunities that exist. The app is built on Medco’s My Rx Choices prescription savings and patient safety program, which was launched online in 2006.
“The Medco Pharmacy mobile app provides innovative patient-specific pharmacy information that doesn’t exist anywhere else in the healthcare system; it puts actionable information in front of patients so they’re able to share it with their physicians, even while still in the exam room, or the pharmacist before dispensing. It provides personalized results for the more than 65 million members we serve,” said Tom Feitel, senior vice president, Imagineering and Innovation, Medco. “Medco is proud to bring this mobile solution to its clients and members as we continue to look for innovative ways to accelerate electronic practices within the healthcare system.”
For more information about Verizon Wireless products and services, visit www.verizonwireless.com. Go to www.medco.com for more information about the Medco Pharmacy mobile app.
About Verizon Wireless
Verizon Wireless operates the nation’s fastest, most advanced 4G network and largest, most reliable 3G network. The company serves 104 million total wireless connections, including more than 88 million retail customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
Medco Health Solutions, Inc. (NYSE: MHS) is pioneering the world’s most advanced pharmacy® and its clinical research and innovations are part of Medco making medicine smarter™ for approximately 65 million members.
With more than 20,000 employees worldwide dedicated to improving patient health and reducing costs for a wide range of public and private sector clients, and 2010 revenues of $66 billion, Medco ranks 34th on the 2011 Fortune 500 list and is named among the world’s most innovative, most admired and most trustworthy companies.
For more information, go to http://www.medcohealth.com.