MIAMI, FL--(Marketwired - August 25, 2016) - Progressive Care Inc. (OTC PINK: RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, has begun offering emergency prescription services to Louisiana Flood Zone residents.
On August 19, 2016, PharmCo, with the help of Express Scripts, is teaming up with the Federal Department of Health and Human Services (HHS) to provide a new Emergency Prescription Assistance Program (EPAP) in response to the flooding in Louisiana. PharmCo is currently capable of adjudicating claims for prescription drugs, vaccines, and specific durable medical equipment (DME) for patients impacted by the disaster.
HOW DOES IT WORK?
If an uninsured patient from the disaster area visits Pharmco with a prescription or prescription bottle to obtain medication and/or durable medical equipment, the pharmacy will immediately create an eligibility file and process the claim. Once the claim is processed, PharmCo will dispense the medication and/or the equipment to the patient. DME covered under this program are Canes, Crutches, Walkers, and Wheelchairs. Under this program there are no limitations to what or how many medications a patient can receive.
"When a disaster like this happens, it affects all of us," stated S. Parikh Mars, CEO. "We are happy to provide assistance and support to the State of Louisiana and any of its residents affected by the flood."
About Progressive Care
Progressive Care, Inc. (OTC PINK: RXMD), through its subsidiary PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities.
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Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.