GeniusRx, a new digital pharmacy is teaming up with McKesson to automate its dispensing process. As part of the partnership, GeniusRx will leverage McKesson's innovative CFaaS offering to expand, optimize, and automate their home delivery service.
The company noted that the CFaaS system gives GeniusRx the ability to leverage McKesson's dispensing, delivery and fulfillment expertise while reducing the normal up-front investment and inventory carrying costs.
"As GeniusRx continues to expand its customer base, this partnership allows us to accommodate a higher volume of prescriptions and continue to lower costs for consumers," said Randy Parker, CEO, and founder of GeniusRx. "Our platform uses a data-driven approach to disrupt the pricing model of pharmacy benefits and guide patients to more affordable alternatives. GeniusRx's focus on patient outcomes and behaviors is a shift from existing pharmacy benefit programs."
GeniusRx was launched in 2020 by entrepreneur Randy Parker by rebranding, expanding, and automating Boca Raton, Fla.-based Mailmyprescriptions.com, a business founded in 2015.
GeniusRx's digital pharmacy platform connects patients, providers, and pharmacists with simple medication insights and intelligent savings recommendations. It also provides convenient home delivery options to automate and improve patient outcomes for all types of medications. GeniusRx uses a hybrid distribution model supplying medication as both a first-party and third-party retailer, applying a distribution model used in e-commerce to pharmacy which will allow the company to progressively scale.