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Tag Archives: RXMD

Why Is RXMD Growing So Fast?

The story of a successful company is rarely ever a solid straight line. There are forces at work that can be very difficult to see until the dust has finally settled – whether those forces happen to be positive or negative. As Progressive Care Inc. (OTC QB: RXMD) continues to grow, it’s sparking potential investors to ask why this is. Could it be a fad that fizzles out faster than it started? Or are there substantial, long-term reasons that support their growth? See why this company’s success is rooted in providing real solutions for a complicated healthcare space.

Managed Care Is on the Rise

There hasn’t been a lot of unity in the medical community as of late. With new studies, technologies, and drug therapies emerging on a regular basis, there’s a lot of confusion when it comes to patient care. RXMD believes that managed care is the answer to …

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Progressive Care to Accept Bitcoin for its Pharmacy Unit

MIAMI, Feb. 15, 2018 (GLOBE NEWSWIRE) — Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces that its retail pharmacy will officially begin accepting Bitcoin payments. Customers that choose to pay using Bitcoin will undergo a similar payment process as customers using credit cards or online payment processing platforms such as Paypal.

PharmCo, LLC will use external payment providers, such as BitPay, to process all Bitcoin payments. BitPay compliance analysts approved the pharmacy for Tier 2 volume processing limit on February 14, 2018. Tier 2 provides daily cash settlements in USD and has a $500,000 annual limit. This will allow the pharmacy to reach more customers who are increasingly using cryptocurrencies for daily purchases. Mass Ventures Corp will develop and integrate Bitcoin processing into the Company’s e-commerce platform for seamless ease of use.

“We are committed to evolving the pharmacy both operationally and technologically,” stated S. Parikh Mars, …

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Progressive Care Breaks Record with Over 23,000 Prescriptions Filled in January 2018

MIAMI, Feb. 13, 2018 (GLOBE NEWSWIRE) — Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces record breaking month of January 2018.

PharmCo, LLC filled over 23,000 prescriptions during the month of January, generating $1.8 million in net revenues. Prescriptions filled increased by 34% compared to the same month last year and by 10% over the last record breaking month in October 2017. Revenues increased by approximately 9% as compared to January 2017. The company also filled over $450,000 worth of prescriptions (not included in Net Revenues) for 340B entities in January, generating fees to the pharmacy of just over $20,000. Current growth has been driven by expansion into Palm Beach County, the digital marketing campaign with Mass Ventures Corp, proficiency of medication therapy management and adherence programs, and the visibility of the pharmacy’s 5 star service rating among physicians and patients throughout South Florida.

“We are thrilled …

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Why RXMD has What it Takes to Survive a Bumpy Stock Market

The stock market has always been volatile, but lately, the turbulence seems to have stepped up a notch or two. It doesn’t take much to spook the market, but there are some stocks that are more impervious than others to the dips. This is especially true for Progressive Care Inc. (RXMD), a pharmaceutical company that’s been steadily making positive waves in the healthcare space. It’s the company’s principles and philosophies that prop the company’s stock up – even if the rest of the market is taking a fall.

The Foundation

Market fads or emerging markets are risky ventures when it comes to investment. The rewards may be big, but the potential pitfalls can be far worse when the dust has finally settled. RXMD isn’t growing because they’re jumping on any kind of bandwagon, they’re growing because they’ve managed to earn the trust of both professional partners and pharmacy customers. …

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Why is Progressive Care Successful in the Highly Competitive Pharmacy Market?

Progressive Care, Inc. (RXMD) believes in the principles behind their name, which is to adjust to the ever-changing needs of their customers. This is just one of the reasons why they filled 225,000 prescriptions in 2017. With more than $20 million in net revenues, this Florida based company has expanded to 12 additional states with the acquisition of non-resident state licenses.

Their subsidiary, PharmCo, is a 5-star pharmacy with customer service ratings to match. So, what’s behind …

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Progressive Care CEO, S. Parikh Mars Joins Everett Jolly on Uptick Newswire’s “Stock Day” Podcast

PHOENIX, Feb. 01, 2018 (GLOBE NEWSWIRE) — Progressive Care Inc. (OTCQB:RXMD) (the “company”), a healthcare services and technology company, today announced, the release of CEO, Shital Mars’ interview on Uptick Newswire Stock Day with Everett Jolly.

Through its operating subsidiaries, Smart Medical Alliance, Inc. and PharmCo, LLC, Progressive Care Inc. is changing the way pharmacies communicate with providers and interact with users. The company’s four pillars; expertise in health care, patient care, pharmaceutical management and customer service have allowed Progressive Care Inc. to thrive and reach a record $20 million in sales in 2017.

“I have been looking forward to having you back on the show,” said Jolly. “Since last we spoke, the stock has increased by more than 100% and you have transferred from pink slip to OTCQB. As a company, you have achieved clarity and efficiencies in an industry that is very difficult to navigate.”

“We are pleased …

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