(PharmAssist), headquartered in Deerfield Beach, Florida, is a full service retail pharmacy that provides innovative packaging by the dose for the distribution of prescription medications, vitamins and supplements, and over-the-counter (OTC) medications, directly to the consumer. PharmAssist distributes customized pouch packs to consumers whose lives or well-being depend on strict medication manag
ement of difficult or sophisticated drug regimens.
PharmAssist will focus on two primary Direct-to-Consumer markets – patients with acute medication needs, especially older patients; along with their family caregivers. Both of these targets are currently dramatically underserved by America’s multi-billion dollar pharmaceutical dispensing marketplace. This underserved status – known as Medication Mismanagement – leads to more than 125,000 deaths in America each year, as well as $317-plus billion dollars in healthcare costs involved in treating patients who have made mistakes when taking their medicines. These patients, because of their at-risk status, as well as the costs involved in treating them for Medication Mismanagement, currently represent a significant consumer demand for the products and services PharmAssist provides. In addition, these two target markets have an enormous and demographically-predictable potential for rapid, sustained business growth and profitability. In fact, if Medication Mismanagement were classified as a disease, it would rank as the fifth leading cause of death in America. The ultimate tragedy is that the vast majority of these deaths can be easily prevented. Therefore, in addition to being the fifth leading cause of death, Medication Mismanagement is also America’s number one cause of preventable deaths. PharmAssist confronts this deadly and costly threat with a practical and highly effective solution, one that has been shown to reduce or eliminate the instances and effects of Medication Mismanagement. Each year, PharmAssist’s solution has the potential to save the American healthcare system tens to hundreds of billions of dollars in unnecessary healthcare costs, and could save tens of thousands of American lives each year.