TRxADE is Focused on Digitalizing the Retail Pharmacy Experience

TRxADE Group operates Trxade.com, a web-based pharmaceutical marketplace engaged in promoting and enabling commerce among independent pharmacies and large pharmaceutical suppliers nationally. The marketplace has hundreds of suppliers providing over 20,000 branded and generic drugs available for purchase by pharmacists.

The company serves a total of 12,100+ members nationwide, fostering price transparency and under the Bonum Health brand, offering patient centric telehealth services. The company generates revenue from its services by charging a transaction fee to the seller of the products for sales conducted via the TRxADE platform.

TRxADE Group recently announced the signing of QualityCare Pharmacies, a New York-based independent pharmacy prescription drug buying group, as the newest member to join TRxADE’s fast-growing group purchasing organization to drive increased purchase volumes on the TRxADE platform.

Active QualityCare pharmacy members will now qualify to receive highly competitive prescription drug pricing and first-of-kind GPO+ rebates, which TRxADE said would drive increased savings for members using the TRxADE platform for drug purchases.

TRxADE Group operates a number of operating divisions:

  • Bonum Health brand, offering patient centric telehealth services
  • Integra Pharma Solutions is the pharmaceutical supplier of choice for healthcare organizations of all sizes.
  • MedCheks Health Passport, currently in development, will store an individual’s health records safely in one place
  • Community Specialty Pharmacy was founded in 2010 and has become a focal point of neighborhood health care and a respected link in the chain of specialty medical needs for Tampa/St. Petersburg and beyond.

 

Takeaway: TRxADE Group is a health services IT company focused on optimizing drug procurement, the prescription journey and patient engagement in the U.S.