Mednow Announces Pharmacy Partnership agreement with ServicePlus, a national total rewards platform operated by PIPSC (Professional Institute of the Public Service of Canada)
June 14 2023 - 8:05AM
Business Wire
- Mednow Pharmacy and Service Plus, a leading total rewards
platform form partnership to provide their members savings, virtual
clinical services and home delivery of prescription and
non-prescription pharmacy products
- PIPSC is the largest union in Canada representing scientists
and professionals employed at the federal and some provincial and
territorial levels of government
- Service Plus enhances benefits coverage for over 120,000
members across Canada.
- Mednow continues to expand its client base with Mednow for
Business Solutions
Mednow Inc. (“Mednow” or the “Company) (TSXV: MNOW) (OTCQX:
MDNWF), Canada’s on-demand virtual pharmacy, is pleased to announce
that the Company has executed a Preferred Pharmacy Agreement with
ServicePlus, a leading provider of Member Benefit and rewards
services. The agreement allows ServicePlus members to leverage
enhanced services and preferred pricing from Mednow digital
pharmacy and healthcare platform to its clients and plan
members.
"Mednow is thrilled to partner with ServicePlus to expand access
to virtual pharmacy and digital healthcare services for their
members," said David Marantz, CRO of Mednow. "Our platform provides
a convenient and secure way for patients to receive medical care
from the comfort of their own homes, and we look forward to serving
the needs of ServicePlus members across the country. Further, in
these times when consumers are struggling with their health and
also inflation increases, a more economical and clinically sound
pharmacy is a great benefit”.
As part of the partnership, ServicePlus members will also have
access to discounts on Mednow services and products, as well as
additional rewards and perks through the ServicePlus platform.
"Thanks to this partnership, our members can stretch their drug
coverage benefits and effectively getting 90% of their medications
covered," said, President of PIPSC, Canada’s largest union of
professionals across various levels of government, Jenn Carr,
who operates the ServicePlus program.
The partnership between Mednow and ServicePlus is part of
Mednow's ongoing efforts to expand access to digital healthcare
services and improve patient outcomes. Mednow's platform is
designed to make it easier for patients to manage their health,
with features such as medication reminders, personalized care
plans, specialized adherence packaging, fully digital prescription
management and real-time chat with healthcare providers.
"Mednow is committed to delivering exceptional value across
various dimensions for our Mednow for Business clients. Our focus
extends beyond offering transparent and cost-effective pricing; our
client’s members also benefit from an excellent experience of
quality and convenient virtual healthcare. We have observed a
rising trend among plan sponsors seeking enhanced value for their
pharmacy and drug spend, and Mednow stands ready with a
technologically advanced solution to meet this growing demand,"
stated Ali Reyhany, CEO of Mednow.
For more information on Mednow and ServicePlus, please visit
their respective websites at mednow.ca &
www.serviceplusgroup.ca
About ServicePlus (https://serviceplusgroup.ca/about/)
ServicePlus is a leading rewards platform that provides members
of its partner organizations with exclusive deals, discounts, and
perks across a wide range of industries, from travel and
entertainment to health and wellness. With a mission to add value
to membership by empowering organizations to help their members
save money and live better, ServicePlus partners with top companies
to offer valuable benefits that are tailored to their needs.
ServicePlus has an over 120,000 member reach and works with groups
and unions as diverse as PIPSC, CAPE and the NFU.
Founded in 2002, ServicePlus has built a reputation for
providing exceptional value and service to members of its
participating organizations. Whether a group’s members are looking
to save on everyday purchases or take advantage of exclusive travel
deals, ServicePlus has something for everyone. Membership is free
for members of participating organizations, and the discounts are
easily accessible through the ServicePlus website.
For more information about ServicePlus and how to become a
member or a participating organization, visit
https://www.serviceplusgroup.ca/about
About Mednow
Mednow (TSXV: MNOW) (OTCQX: MDNWF) is a healthcare technology
company offering virtual access with a high-standard of care.
Designed with accessibility and quality of care in mind, Mednow
provides virtual pharmacy and telemedicine services as well as
doctor home visits through an interdisciplinary approach to
healthcare that is focused on the patient experience. Mednow’s
services include free at-home delivery of medications, doctor
consultations, a user-friendly interface for easy upload, transfer,
and refill of prescriptions, access to healthcare professionals
through an intuitive chat experience and the specialized PillSmart™
system that packages prescriptions in easy to use daily dose packs,
each labeled with the date and time of the next dose.
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 the terms of the Offering, the anticipated use
of proceeds of the Offering, and Mednow expecting to maintain its
standard of pharmacy care, while reducing operational costs, are
forward-looking statements and contain 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 the Offering will close and
will do so on the anticipated terms; that the Company will use the
net proceeds in the manner contemplated; and that Mednow will
maintain its standard of pharmacy care, while reducing operational
costs. 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 the Offering will not close
or will not close on the anticipated terms or timeline; that the
Company will not be able to utilize the proceeds in the manner
contemplated; and that Mednow will not maintain its standard of
pharmacy care, while also not reducing operational costs. 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/20230614086740/en/
Investor: Lorraine Cardenas 1-855-686-6300
ir@mednow.ca
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