Louisville company makes a big move in deal with Cincinnati company
Revon Systems Inc. has reached an agreement with a Cincinnati-area pharmacy benefits management company, which will help the Louisville startup bring its health care technology platform to the market.
Revon will work with Appro-RX of Waynesville, Ohio, to use the technology it has been developing this year to provide a new kind of pharmacy benefit that uses technology to monitor medication patterns.
Revon is a digital health platform that helps patients track their chronic obstructive pulmonary disease (COPD) signs and symptoms, learn more about their condition and better communicate with health care professionals. The platform also allows health care professionals to easily view patients’ health data reported through the app or website.
Under the agreement, Appro-RX clients — mostly employers — will offer the Revon platform to their employees.
The agreement offers employers who use Appro-RX pharmacy services four main benefits, according to a news release:
- The Revon COPD mobile app (for Android and iPhone) with the Smart Symptom Tracker;
- The Breathe COPD Resource Kit with Bluetooth-connected pulse oximeter;
- The Amazon Alexa Echo COPD skill, which helps patients triage their day-to-day symptoms;
- Smart Formulary Services that combine medication adherence with Revon application use.
Revon CEO Ted Smith said in an interview that the agreement between the two companies will allow both to have access to the others’ data, creating a better relationship between employers, patients and the health care professionals involved in treating them.
He said he thinks that the two companies are the first to use technology to collect data to improve patient care in this manner. This surprises him because companies spend so much on prescription medications. Most employers pay these expenses without expecting better alignment between health care expenditures and outcomes, he said.
“This is the first of its kind, that I’m aware of, where we can get together to team up with insights and feedback to help people stay well,” he said. “Now (pharmacists) can go through and use that data. They can make a plan or benefit that actually works better for the customer.”
Originally published in Louisville Business First