INDIANAPOLIS, Nov. 16 Arcadia Resources, Inc. (NYSE Amex: KAD), a leading provider of innovative consumer health care services under the Arcadia HealthCare(SM) brand, announced today that it has opened a new DailyMed Pharmacy in California. Arcadia currently operates DailyMed pharmacies in Indianapolis, Ind. and Eden Prairie, Minn.
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Arcadia said it will serve the California market through an agreement with SUPERVALU's ALBERTSONS Sav-On Pharmacy division to operate the DailyMed Pharmacy. The Carlsbad, Calif.-based pharmacy will be supported by DailyMed's unique medication adherence system and will dispense medication and ship products throughout the state.
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The state-of-the-art facility is ready to fill prescriptions and has capacity to meet its California demand.
"We are pleased to be partnering with a market leader like SUPERVALU INC. and ALBERTSONS Sav-On in serving the needs of the California patients," said Marvin R. Richardson, president and CEO of Arcadia. "The California pharmacy will utilize the same state-of-the art pharmacy dispensing and automated packing systems, as well as stringent quality control and compliance processes that we employ in our existing pharmacies in Indianapolis and Minneapolis to ensure we can continue to help improve the lives of patients."
California marks the second state in DailyMed's five-state rollout with insurance provider WellPoint to high-risk Medicaid members who are characterized by several chronic disease states and the need for multiple medications. Additional programs are expected to launch in South Carolina, Kansas and New York over the next several months.
"Our DailyMed California pharmacy provides us a very cost-effective dispensing location along with speed to market," Richardson said. "We are pleased to secure an immediate solution and strong partner to deliver DailyMed to those in need within the California market." Arcadia first launched DailyMed for WellPoint in the State of Virginia in August. Initial enrollments in the program have been consistent with expectations, and efforts are ongoing to build awareness of the program to further increase enrollments.
DailyMed Pharmacy (www.DailyMedRx.com) is Arcadia's proprietary medication adherence program that focuses on controlling healthcare costs for patients taking multiple medications including packaging prescriptions and over-the-counter medications into pre-sorted packets delivered directly to the home that show the correct time and day for patients to take their medications. In addition, DailyMed clinical pharmacists provide extensive medication therapy management and counseling to these patients as part of becoming their "pharmacy care home."
"We are pleased that our partnership with WellPoint is making a difference in improving patients' lives while simultaneously reducing healthcare costs," said Richardson. "Our commitment to these dual objectives is consistent with the overall national agenda, and we believe DailyMed is the market leader in pharmacy programs that improve the quality of care and control costs."
DailyMed, which utilizes state-of-the-art medication therapy management to provide a unique level of patient care, is designed for the convenience of the patient, as well as to maximize healthcare benefits and eliminate medication errors. Medication errors are one of the most common medical errors, affecting at least 1.5 million people every year and costing the health care system between $77 billion and $177 billion annually, according to the April 27, 2009 issue of the Archives of Internal Medicine.
About Arcadia HealthCare
Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (NYSE Amex: KAD), and is a leading provider of home care, medical staffing and pharmacy services under its proprietary DailyMed program. The Company, headquartered in Indianapolis, Indiana, has 65 locations in 20 states. Arcadia HealthCare's comprehensive solutions and business strategies support the Company's vision of "Keeping People at Home and Healthier Longer." DailyMed(TM) Pharmacy dispenses a monthly cycle of a patient's prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets clearly marked with the date and time the medications should be taken. In the dispensing process, a DailyMed pharmacist reviews each patient's medication profile and utilizes state-of-the-art medication therapy management tools in order to improve the safety and efficacy of the medications being dispensed. A DailyMed pharmacist provides routine communication with the patient, the primary care physician, caregivers and payers in order to maximize the pharmaceutical care administered. The DailyMed program improves patient care and drug utilization while reducing drug and hospitalization costs for private and government payers.
SOURCE Arcadia Resources, Inc.
