Progressive Care breaks record with November pharmacy proceeds


Progressive Care Inc., through its subsidiary PharmCo LLC, a South Florida prescription pharmaceutical provider, filled a record-breaking number of prescriptions in November, totaling approximately 15,000, the company reported this week from its headquarters in Miami.

The total signifies close to a 30 percent increase over the same time period in 2014. Significantly, it is a time of year when written prescriptions tend to drop due to open enrollment season and consequent shifts in patient base populations for practitioners. Notwithstanding lower prescription tallies, PharmCo grossed approximately $1.3 million in net revenues for the month of November.

"The company remains focused on creating earnings growth," Progressive COO Shital Parikh Mars said. "Our strategic marketing campaigns and strong forecasting methods have allowed us to withstand dips and changes in the industry. As always, we plan to close out the year stronger than ever and deliver the value that shareholders have come to expect from us."

The company’s compounding department continues to support robust overall revenue increases, Mars said.

Progressive Care focuses on health practice risk management and several sales avenues: anti-retroviral medications and related remedial pharmaceutical management, sales and rental of durable medical equipment (DME), and supplying prescription medication to long-term-care facilities.

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