MedAvail Technologies Announces Neil Prezioso as Chief Business Officer

Thursday, August 8, 2019 General News
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A seasoned healthcare industry executive, Prezioso brings to MedAvail more than three decades of operational and management leadership in healthcare

TORONTO, Aug. 8, 2019 /PRNewswire-PRWeb/ -- MedAvail Technologies Inc. is pleased to announce that it has hired

Neil Prezioso as its Chief Business Officer.

MedAvail Technologies has developed and commercialized a consumer-facing self-service kiosk, the MedCenter.Through MedAvail's retail pharmacy banner SpotRx, we are deploying the MedCenter directly into Medicare Advantage clinics and creating the benefits of an embedded pharmacy through technology.

MedAvail also licenses its technology to leading retailers and health systems for deployment within their pharmacy operations.    

A seasoned healthcare industry executive, Prezioso brings to MedAvail more than three decades of operational and management leadership in healthcare, with a deep focus on pharmacy and clinical innovation. He will be responsible for the revenue growth of its SpotRx self-serve pharmacy kiosks in the U.S., as well as growing MedAvail's pharmacy operations and scaling the business to provide the most advanced self-serve pharmacy solutions, anywhere, anytime, to millions of Americans.

"Neil has a history of leading high-performance organizations with a focus on extraordinary patient experience by identifying issues and offering creative solutions through the design of new and innovative approaches that impact expansion and improve pharmacy care," said MedAvail CEO Ed Kilroy.

Prior to joining MedAvail, Prezioso served as the chief operations leader for CVS Caremark responsible for the integration of Anthem's PBM operations, and Chief Operating Officer for DaVitaRx Specialty Pharmacy. He also served in several senior management roles at Medco Health Solutions before moving to DaVitaRx, where he was instrumental in managing over 1,400 employees with annual revenue of $1.4 billion.

"We are excited to have Neil join our team; he will be an invaluable asset to our company," said Kilroy. "He is an exceptionally strong leader with a superior business acumen that both motivates and drives success."

About: MedAvail Technologies Inc. is a healthcare technology company that has developed and commercialized an innovative Self-Serve Pharmacy Kiosk solution. The MedAvail MedCenter® supports the dispensing of prescription drugs and Over-the-Counter medications. MedAvail has deployed kiosks in the US, Canada and Switzerland in use cases that include employer sites, retail pharmacies, retail stores without traditional pharmacies, hospital emergency rooms, urgent cares, community clinics, universities and medical office buildings.

Pharmacies on a worldwide basis are identifying ways to extend their reach to gain market share. This involves optimizing current assets to include extending services within the pharmacy and implementing solutions to reduce the cost of dispense. Pharmacy business in developed countries are experiencing slow prescription growth, resulting in a drive towards gaining market share from competitors through innovative solutions. On the other hand, developing countries and markets are demonstrating accelerated growth in prescription medications, paving the way for easy deployment of The MedAvail MedCenter® as it is tailor-made to capture growth.

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SOURCE MedAvail Technologies



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