TRxADE (NASDAQ: MEDS), an integrated drug procurement, delivery and health care platform, today announced that Bonum Health, its digital health care subsidiary, has struck a strategic services distribution agreement with multiple insurance brokerage firms. As a result, the company, which offers nationwide telemedicine services for humans in all 50 states and pets in select states, will now work with insurance brokers to offer its telemedicine services to employer groups ranging from small-to-medium sized businesses (“SMB”). “We are thrilled to have secured a services distribution agreement with these insurance brokerage firms, as we believe it will help expand access to basic health care for employees that did not previously have access to care and/or provide them with a supplement to existing employer sponsored health coverage,” said Dr. Shafaat Pirani, PharmD, BCGP, Chief Clinical and Compliance Officer for TRxADE. “The initiative is expected to help expand Bonum Health’s reach by helping to grow its daily active subscriber base while simultaneously boosting utilization of services on the platform. This will also allow Bonum Health another opportunity to showcase its turn-key and interoperable digital solutions that help employer’s decrease their employee health-related expenses – which is especially important during the current inflationary period, when balance sheets are being closely scrutinized. We plan to continue to leverage our deep-rooted partnerships with regional enterprise communities and independent pharmacies and seek to further drive new patient traffic, prescriptions and creation of other monetization opportunities.”
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About TRxADE Health Inc.
TRxADE is a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S. The company operates the TRxADE drug procurement marketplace serving a total of 14,000+ members nationwide, fostering price transparency and, under the Bonum Health brand, offering patient-centric telehealth services and tele vet services. For more information on TRxADE Health, please visit the company’s IR website at investors.trxadegroup.com.
NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at http://ibn.fm/MEDS
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