RazorMetrics Can Help Rural Patients

Walgreens just announced the closure of 2000 stores out of its 8,600 locations across
the United States over the next three years. The company reported significant financial
challenges and declining profits behind the closure decision. Rural areas will be
particularly hard hit. Walgreens CEO, Tim Wentworth, emphasized the need to adapt to
changing consumer demographics and preferences, marking a shift in their business
strategy to ensure long-term sustainability.

This wave of closures, coupled with similar actions by other major pharmacy chains like
CVS and Rite Aid, leaves many rural patients at risk of losing convenient access to
essential medications and pharmacy services. Pharmacy deserts are already a problem
for many communities across the U.S. and HealthTech companies are poised to fill the
healthcare gap.

For example, RazorMetrics’ new program, RazorDelivery, was designed to meet the
need of patients with limited access to pharmacy services due to a lack of
transportation, physical disability, or losing their local pharmacy from closures.
HealthTech companies can bridge the gap created by pharmacy deserts in the many
ways.

1. Medication Accessibility
   Pharmacy delivery services, much like Amazon shopping, provide rural populations with
   access to a wide range of medications. Delivery ensures that even if the nearest
   pharmacy shuts down, patients can still receive their prescriptions without the need to
   travel long distances.
2. Advanced Tele-pharmacy Services
   Pharmacists can enhance patient experience by offering tele-pharmacy consultations,
   allowing patients to speak with pharmacists virtually and receive medical advice about
   dosages, drug interactions, and side effects.
3. Personalized Medication Management
   By leveraging advanced data analytics, HealthTech companies can offer personalized
   medication management plans, including medication refill reminders, dosage
   instructions, and advanced drug monitoring adherence, ensuring that patients stick to
   their prescribed treatment plans.
4. Discount Pharmacy
   Like RazorMetrics’ RazorDelivery, patients can access discount pharmacies through delivery services to increase access to competitive pricing while eliminating the need to visit the pharmacy. Home delivery is especially valuable for individuals with chronic conditions who require ongoing medication management.

As Walgreens and other pharmacies undergo significant transformations with significant
impacts on rural populations, innovative solutions become increasingly valuable.
Providing comprehensive pharmacy delivery services and leveraging technology to
support rural patients, HealthTech companies can ensure access to essential
medications remain uninterrupted, regardless of the shifting landscape of traditional
pharmacy services.

For more information about RazorDelivery, please contact us today.