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.
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. By embracing medication therapy management (MTM), RXMD is able to create personalized treatment plans for patients and monitor their safety. Executives in the company are dedicated to constantly evaluating and tweaking their methods to achieve the perfect balance. This strategy has led to glowing customer reviews and better communication methods between medical professionals and patients.
The Real Value
When it comes down to the numbers, RXMD can survive the stock market because they provide a valuable service to the often chaotic healthcare universe. By putting the bulk of their efforts into risk management, RXMD saves both healthcare insurers and medical professionals money by promoting better patient outcomes. Their pharmacists are trained to take proactive approaches rather than merely filling prescription after prescription. Their interactive technology and staff make it possible for customers to get answers to their questions as soon as they need them. By developing a tele-pharmacy as well as offering in-house visits, the concepts of MTM are steadily increasing the efficiency of healthcare today. When patients take their medication as prescribed, they speed up their recovery time and decrease the likelihood of having another episode. By eliminating their confusion, patients become accustomed to having healthcare that’s there for them when they need it the most. With more than $20 million in net revenues, they are now servicing 12,000 patients and over 2,000 doctors. Judging by the 225,000 prescriptions filled in 2017 and their expansion to 12 additional states outside of Florida, it seems clear that RXMD has managed to thrive due to their dedication, innovation, and commitment to their customers.
While other pharmacies struggle to keep up with the changing face of customer expectations, RXMD continues to outshine itself year after year. Their sales have seen steady increases, including a 10% revenue boost in 2017. Their growth has been consistent because company leaders are constantly adapting to both the big and small changes alike and they’re always looking toward the future of healthcare. MTM may still be somewhat unknown in many parts of the country, but RXMD’s customers are getting a taste of what it means to receive patient care that is as detailed and accurate as it is straightforward. Once their audits were complete, they managed to up list to the OTC:QB which is the perfect place to catch the eye of big-name investors. As Amazon prepares to launch itself into the healthcare space, they’re undoubtedly going to be looking for companies like RXMD who can thrive in an extremely competitive field.
About the Author
Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/