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Progressive Care reported a 4% year-over-year revenue increase to approximately $10.1 million for the quarter ended September 30, 2022 The company's prescription revenue increased 16% year-over-year to almost $9.4 million during that same period In 2022, Progressive Care received nearly $6 million from a strategic investment transaction with NextPlat Corporation The company launched its ClearMetrX platform for 340B third-party administration in 2022 Progressive Care will partner with MedAvail in2023 to provide prescription dispensing kiosks
progressive care (otcqb: rxmd)
is a health services organization based in Florida that offers personalized healthcare services and technology that supports the managed healthcare industry. Through its subsidiaries, Progressive Care provides Third-Party Administration (“TPA”), data management and analytics, COVID-19 diagnostics and vaccinations, 340B contracted pharmacy services, compounded medications, tele-pharmacy services, dispensing of anti-retroviral medications, medication therapy management (“MTM”), long-term care facility-targeted prescription medications, and health practice risk management.
The company collaborates with various healthcare organizations such as managed care organizations (“MCOs”), management services organizations (“MSOs”), accountable care organizations (“ACOs”), primary care providers, Medicare Advantage plans, Medicaid, commercial payors, pharmaceutical manufacturers...
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