PharmaTrust to demonstrate MedCenter technology at Annual Healthcare Conference

PharmaTrust™ has been invited to participate in the Private Company forum of the Goldman Sachs 31^st Annual Healthcare Conference in Los Angeles, June 14^th to 17^th. The company will demonstrate its revolutionary Healthcare…Everywhere MedCenter which will connect conference 'patients' in Los Angeles to PharmaTrust™ pharmacists in Toronto.

“These are global trends that the PharmaTrust™ MedCenter technology was built to mitigate by creating a safe, cost effective remote alternative to the traditional pharmacy.”

The PharmaTrust™ MedCenter is a remote pharmacy dispensing technology that allows people to have access to multi-lingual pharmacy services 24-hours a day, seven days a week. It uses state-of-the-art remote and scanning technologies to provide patients with a remote, face-to-face consultation with a pharmacist and to have their prescriptions filled quickly and safely. The MedCenter is the safest, most comprehensive and first economically viable at scale, healthcare pharmacy system developed globally to date.

"Pharmacy's margins are getting tighter, governments are seeking lower costs and increased accessibility, and the population is aging with a commensurate demand on healthcare resources," said Peter Suma, President and COO of PharmaTrust™. "These are global trends that the PharmaTrust™ MedCenter technology was built to mitigate by creating a safe, cost effective remote alternative to the traditional pharmacy."

Pharmacies, pharmacy-benefit-managers (PBMs), health-maintenance-organizations (HMOs), and employers and insurance carriers can now consider labor costs as globally flexible and scalable according to demand. It frees them from being tied to retail locations and allows them to deliver new service and information offerings over the platform which was created to lower their operating costs and allow them to capture more market share.

The PharmaTrust™ Network's first product, the PharmaTrust™ MedCenter is a complete pharmacist controlled, automated pharmacy dispensing system. It can dispense over 2,000 different medications whether they be pill-counted, box-picked, refrigerated or packed in bottles. Remotely pharmacist controlled and audited, the MedCenter puts 24-hour pharmacies anywhere without the time, distance, language or costs of traditional pharmacies. Employers deploying MedCenters in their workplaces can achieve lower costs from the reduced overhead of pharmacy and lower distribution costs than mail-order delivered drugs while making their pharmacy benefits more accessible to their employees. Employers no longer need to pay more for the urgent medications that cannot be contracted through home-delivery because both urgent and chronic medications can be delivered using MedCenters and home-delivery. Pharmacy chains and PBMs can deploy MedCenters to offer new savings, extend their store footprints, increase market share and deliver more chronic disease management services to patients whenever and wherever they need it: in the workplace; the clinic; the hospital; or the shopping mall.