Troy
Medicare, a licensed health insurance startup based in Charlotte,
North Carolina, announced today that it has raised $5 million in funding
to support the launch of its Medicare Advantage plan in North Carolina
in 2019. This financing will help accelerate the deployment of Troy’s
solution which enables pharmacists to leverage each interaction with
their patients to drive down the total cost of care.
Flaviu Simihaian, Troy Medicare’s Chief Executive Officer, said, “We are
setting into motion a game-changing model of delivering care that lowers
drug costs and drives better health outcomes for our seniors.
Pharmacists are the most trusted and accessible healthcare providers,
and Troy Medicare is the first health plan to utilize this unique
relationship in order to lower the total cost of care. By providing
chronic disease management, smoking cessation, and diabetes prevention
programs, pharmacists have shown to reduce readmissions for complex care
patients by 45%. Troy Medicare provides the technology, data, and
business model to empower pharmacists to provide these clinical services
for our members.”
This announcement comes on the heels of Troy
Medicare becoming the first Medicare Advantage plan to adopt the
National Average Drug Acquisition Cost (NADAC) pricing standard in
order to make drug pricing transparent for each senior and pharmacy in
its network.
About Troy Medicare
Troy Medicare is a North Carolina-licensed health insurance startup that
puts pharmacists in the driver’s seat of every senior’s healthcare. The
average senior visits one of our 21,000 pharmacies three times per
month. We are the first health plan that leverages these interactions
and enables pharmacies to improve health outcomes while lowering costs.
For more information on Troy Medicare, please visit http://www.troymedicare.com.
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