SOURCE: Progressive Care Inc

Progressive Care Inc

March 30, 2015 09:01 ET

Progressive Care Announces Alliance With Vet Power, LLC

MIAMI, FL--(Marketwired - March 30, 2015) - Progressive Care Inc. (OTC PINK: RXMD), through its subsidiary PharmCo LLC, a South Florida provider of prescription pharmaceuticals specializing in health practice risk management, the sale of anti-retroviral medications and related medication therapy management, the sale and rental of durable medical equipment ("DME") and the supply of prescription medications to long term care facilities, announced today that in a joint effort with Vet Power, the companies will be designing a plan to educate members participating in the TRICARE Health Plan. The education plan will focus on compounded medication coverage.

The Defense Health Agency administers the TRICARE health plan to provide worldwide medical, dental, and pharmacy benefits to more than 9.5 million uniformed service members, retirees, and their families. According to the Department of Defense, 140,000 TRICARE beneficiaries filed 360,000 prescriptions for compounded medications between June 2013 and May 2014.

Pharmco's compounding department specializes in formularies that are of direct benefit to TRICARE beneficiaries such as non-narcotic topical pain creams, wound care creams, scar gels and hormone replacement therapies. The company also offers EnovaRx, which are FDA approved manufactured pain creams that are readily available with a prescription. In addition to these medications, Pharmco prepares psoriasis creams, wellness vitamins, weight loss formulations and holistic capsules which are 100% Kosher and Halal certified.

According to Shital Mars, COO of Progressive Care, "It is important to our veterans and service members that they have access to the broad range of medications to combat conditions that result in pain and inflammation. These compounding medications are often non habit forming and provide better results than some traditional therapies."

Through its alliance with Vet Power, Progressive Care will bring awareness of the benefits of compounded medications. The companies will highlight for TRICARE beneficiaries the affordability and effectiveness of these medications.

According to Kevin Humes from Vet Power, "Through working with Progressive Care that the integration a wellness and holistic approach to health management should incorporate compounded medication. We believe that this program will provide long lasting benefits for our veterans and their families."

Progressive Care and Vet Power hope to educate and empower subscribers of TRICARE Health Plans to offer a superior product suite while maintaining the highest level of quality for these military heroes and their families.

About Progressive Care

Progressive Care, Inc. (OTC PINK: RXMD), through its subsidiary PharmCo, LLC is a South Florida provider of prescription pharmaceuticals specializing in prescription pharmaceuticals specializing in health practice risk management, the sale of anti-retroviral medications and related medication therapy management, the sale and rental of durable medical equipment ("DME") and the supply of prescription medications to long term care facilities.

About Vet Power
Vet Power, LLC is an associated network of Disabled and Veteran Owned Businesses as an integral part of its exempt purpose to recognize the need to identify, engage, and collaborate with the Nation's Veterans, Service-Disabled Veterans and their families in order to ensure that they receive the maximum assistance that is due to them in return for their vast, incalculable and truly immeasurable service to all; in protecting our rights, freedoms and liberties.

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