iMedicare and Arete Pharmacy Network Partner on Plan Comparison Integration

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NEW YORK–(BUSINESS WIRE)–#communitypharmacy–iMedicare, the leading Medicare plan comparison platform for community
pharmacies, and Arete Pharmacy Network, the nation’s fourth largest
Pharmacy Services Administrative Organization (PSAO), announced their
partnership today. Arete Pharmacy Network is the combined entity of
United Drugs and Third Party Network.

Acknowledging the growing Medicare eligible population and the barriers
independent and community pharmacies face regarding the management of
their Medicare business, iMedicare looks to align with partners who can
broaden the range of pharmacies with access to its innovative software
designed to help patients manage Medicare options, while simultaneously
increasing pharmacy profitability.

“In today’s landscape ridden with DIR fees and reimbursements below
cost, iMedicare is committed to transparency for every pharmacy and
their patients. The partnership with Arete Pharmacy Network will enable
over 2,300 pharmacies to benefit from tools that help lower their DIR
fees, increase their Star Ratings and help patients save thousands of
dollars in out-of-pocket costs,” said Flaviu Simihaian, CEO of iMedicare.

Arete Pharmacy Network is dedicated to delivering timesaving resources
catered to the individual pharmacy’s needs, enabling it to devote more
time to providing exceptional care to patients and ultimately, position
itself as a highly differentiated, innovative, and superior pharmacy in
the community. The partnership between the companies will help expand
resources required to achieve greater workflow efficiency.

“iMedicare provides a great tool for our pharmacies to help
beneficiaries understand the complexity of the Medicare landscape and
find the best option to fit their medication needs. We believe that
iMedicare creates additional clarity for both beneficiaries and pharmacy
staff, as they prepare for new plan options for next year,” said Rob
McMahan, CEO of Arete Pharmacy Network.

About iMedicare

iMedicare is the leading Medicare plan comparison platform that reduces
patient’s Medicare costs while simultaneously increasing revenues for
community pharmacies. Over 4,000 pharmacies use iMedicare to increase
reimbursements, avoid closed networks, improve Star Ratings, and gain
more business. For more information, visit www.imedicare.com

About Arete Pharmacy Network

Arete Pharmacy Network serves independent community pharmacies through a
portfolio of expanded tools and services designed to help pharmacies
deliver quality care to their communities. With a core focus on managed
care contracting and service excellence, Arete Pharmacy Network supports
the effective management of the financial, quality, and operational
aspects of pharmacy business. For more information, visit www.areterx.com.

Contacts

iMedicare
Jessica Beyer, 704-769-0540 ext. 116
Jessica@imedicare.com