Parata Continues to Build Market and Thought Leadership as it Gains Recognition from Industry Influencers
Parata Systems, a leading provider of pharmacy technology solutions to support coordinated care, better health outcomes and lower medical costs, today announced that the company’s first Innovation Summit was a success. This two-day summit was created as an idea exchange on the role of pharmacists in an evolving value-driven healthcare system.
“This has been an amazing year for Parata, and we thought the timing was right for this type of Innovation Summit. Over the past 12 years, Parata’s leadership role has steadily grown within the pharmacy industry, which enabled us to bring together some of the most influential thought leaders in the healthcare ecosystem,” explained Tom Rhoads, CEO, Parata Systems. “Our goal was to create an environment where parties with sometimes differing views could freely and openly exchange ideas, with the focus on improving outcomes and lowering healthcare costs for everyone involved, but especially for patients.”
In addition, participants were able to spend time with Parata executives and engineers to gain additional insight into company innovations and product pipeline. A broad cross-section of pharmacies participated, including Appro-Rx/Waynesville Pharmacy, Beverly Hills Pharmacy, DDP Pharmacy, Foster’s Pharmacy, Greater Lawrence Family Health Center, Moose Pharmacy, Rx Advantage, Tyson Drug Company and UNC Hospitals.
“The Parata Innovation Summit connected me with all the players in healthcare; pharmacy, technology, payors, PBMs, health systems and ACOs; and helped me visualize where they brought value to healthcare as a whole. Knowing this helped me see where pharmacy’s value points are and how we can maximize that value,” said Joe Moose, PharmD and owner, Moose Pharmacy. “I loved the interactive format, as well. It provided a better understanding of how we could all work together to help each other, and ultimately deliver better care at a better price.”
Other participants included representatives from Blue Cross and Blue Shield of NC, Biologics, Inc., Bright.md, Community Care of North Carolina (CCNC), Diversified Information Technologies (DIT), HAP Investment Group, Mavesi, NTT Data, Prime Therapeutics, Sanger Health & Vascular Institute and Telepharm.
“The Innovation Summit brought together a diverse set of stakeholders to discuss many of the emerging opportunities (and threats) for community-based pharmacy practice. It was helpful to hear the latest lines of thinking and to openly exchange ideas,” added Troy Trygstad, PharmD, MBA, Ph.D. and vice president of Pharmacy Programs with Community Care of North Carolina (CCNC).
The Innovation Summit comes on the heels of growing accolades from regional, industry and business organizations, including:
- 2013 Industry Driven Company, NC Technology Association (NCTA)
- 2013 NC Manufacturer of the Year
- 2013 Caregiver Friendly Award
- 2013 Grant Thornton NC 100
- TBJ Best Places to Work 2013
- Business North Carolina’s Mid-Market Fast 40
Many of these accolades are based on Parata’s growing influence in the pharmacy industry as well as strong earnings growth since 2010. The company has also experienced significant growth in new product sales, including Parata PASS TM (Patient Adherence Strip System), making it easy for patients to take the right medications at the right time, every time.
About Parata Systems, LLC
Parata provides technology solutions to support coordinated care, better health outcomes and lower medical costs, empowering pharmacists to grow their businesses. Founded in 2001, the Durham-based company is a brand trusted by more than 12,000 pharmacies and a growing number of global healthcare professionals serving diverse patient populations. We have filled more than 2.5 billion prescriptions, helping pharmacists avoid an estimated 15 million medication errors.
Parata boasts an entire suite of pharmacy automation and medication management solutions with customers in every market, including national chains, independent pharmacies, ACOs, and the U.S. Department of Defense. Parata PASS TM organizes medications by date, time and dose in strip packaging that makes it easy for patients, caregivers and nurses to ensure they are taken at the right time, every time. Parata Max® and Parata Mini® ensure fast, accurate dispensing in vials. Our Pharmacy workflow software extends accuracy across a pharmacy’s entire prescription volume.
With Parata, pharmacists can leverage a combination of high-tech tools and workflow to free time to counsel patients, identify and avoid medication interactions, encourage adherence, and more. Parata is a company to watch, poised to transform pharmacy care in today’s value-driven healthcare system. For more information, visit parata.com, or contact firstname.lastname@example.org, 888-PARATA1 (727-2821), Facebook or Twitter.