MedFolio Teams With Humana's Prescription Savings Program

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MedFolio, a San Francisco based electronic pillbox manufacturer, announces as part of its ongoing alliance with Humana, a program offering discounts on prescription medications to MedFolio customers

MedFolio, LLC announced today the continuation of an alliance with Humana, a health care company based in Louisville, Kentucky. The companies first announced their alliance with the Humana Points of Caregiving Program, to positive public reception last spring. While the Points of Caregiving Program helped MedFolio reach primary caregivers working to aid in medication adherence with patients, the program announced today directly benefits MedFolio customers struggling with the cost of prescription medications.

MedFolio has been recognized for their innovative pillbox technology that addresses the needs of patients with busy, modern lifestyles struggling to adhere to complex dosing schedules. The MedFolio Electronic Pillbox was the recipient of top honors at the 2011 New Product and Technology Awards, hosted by the Mature Market Resource Center. Introduced in early 2011 in response to the demand for a more capable pillbox, the MedFolio Electronic Pillbox was developed based on patient feedback and first hand experiences by veteran pharmacist and MedFolio President Julie Fulmer-Mason.

In recognition that problems with medication adherence often stem from both a lack of awareness and the cost of prescription medications, Fulmer-Mason believes that this newest element in the MedFolio-Humana relationship will address all patients struggling with their medication regimens, regardless of the root cause.

"The reasons for patients not adhering to their medication regimens are multifaceted and very patient-dependent. For the vast majority of patients, successful adherence can be accomplished by simply providing a means of remembering to take the right dose at the right time and making medications affordable. By developing the MedFolio Electronic Pillbox, an all-in-one medication organizer and reminder system, we made medication management at home easier. Now, by partnering with Humana's Prescription Savings Program, we are excited to offer our customers the added benefit of lowering their prescription medicine costs. As an organization, it is important to us that we give our customers the tools they need to successfully achieve medication adherence."

The Humana Prescription Savings Program allows consumers to receive discounts on prescription medications for which they are financially responsible to pay for out-of-pocket, especially those medications that are not covered by existing health insurance or Medicare. Once enrolled in the program, there are no monthly fees required and the discount card has unlimited use at 62,000 participating pharmacies nationwide. Consumers can save an average of 32% on prescription medication costs, with a potential savings of up to 50% (based on 2011 national program savings data). Prescription drugs that are otherwise not covered by insurance are eligible for savings.

MedFolio introduced the MedFolio Electronic Pillbox to help patients take every dose at the correct time. Recognizing that many customers struggle with the exorbitant costs that prescription medicines can carry, the MedFolio Humana Prescription Savings Program helps customers save money while filling their prescriptions. MedFolio was founded with the purpose of helping patients maintain a proper dosing schedule and healthy lifestyle. The joint effort between MedFolio and Humana's Prescription Savings Program gives MedFolio customers yet another added benefit of improved medication adherence.

ABOUT HUMANA

Humana Inc., headquartered in Louisville, Kentucky, is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at http://www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases
  • Replays of most recent earnings release conference calls
  • Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
  • Corporate Governance information

ABOUT MEDFOLIO

MedFolio, LLC. is a San Francisco based medical technology firm. Founded by a veteran pharmacist in response to the need for tools that aid in medication adherence, MedFolio launched the award-winning MedFolio Electronic Pillbox in 2010. Please visit http://www.MedFolioPillbox.com to enjoy our web video content and learn more about our innovative pillbox technology. MedFolio’s Customer Support Department can be reached at (888) 900-1969.

*The Humana Prescription Savings Program is DISCOUNT ONLY – NOT INSURANCE. Discounts are available exclusively through participating pharmacies. The range of the discounts will vary depending on the type of provider and services rendered. This program does not make payments directly to providers. Members are required to pay for all health care services. You may cancel your registration at any time or file a complaint by contacting Customer Care. This program is administered by Medical Security Card Company, LLC (MSC) of Tucson, AZ.

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Jordan Hall
MedFolio
206-696-3333
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