VirMedica Q & A

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VirMedica Q & A

Please describe VirMedica’s company history

VirMedica was established in 2013 by a dynamic team of recognized healthcare leaders seeking to redefine patient access to specialty therapies through technology.

The company’s first acquisition was BioMed Intelligence and its  RxVector  specialty  pharmacy software solution. VirMedica subsequently completed a significant capital raise that led to the acquisition of TransEngen, the nation’s premier provider of automated, real-time benefits verification services, and to a capital investment in D2 Pharma Consulting – a leading consulting company with expertise in managed care, commercialization/distribution and business development capabilities. VirMedica continues to make significant investments in technology and product innovations that improve patient access.

 

What does VirMedica do?

In simple terms, VirMedica leverages its proprietary technology/technologies to improve patient access. Our solutions streamline pre-treatment protocols, which can often impede the patient’s path to potentially life-enhancing therapies. VirMedica’s solutions are secure, scalable and can play a specific functional role or serve as the technology backbone for several processes.

 

Describe what VirMedica means by being the first “eAccess” company.

As the industry’s first “e-Access” organization, VirMedica’s has approached the business of supporting patient access from a technology perspective that is agnostic to a specific labor force. Our technology automates workflows to streamline access, digitizes content to reduce dependency on paper and manual processes (phone/fax) and provides long-term cost savings as labor costs are reduced.

 

What types of technology solutions does VirMedica offer?

VirMedica offers a variety of solutions to automate typical service HUB processes, simplify provider workflows and remove various barriers to product access. Under our eACCESS platform, VirMedica delivers customized solutions in two broad categories:

  • eACCESSMed: Designed for high-volume Buy and Bill brands that fall under the patient’s medical benefits. eAccessMed automates the complex process steps of a benefits verification. The solution can be configured as a Provider and/or Patient facing portal with an integrated call center facing asset.
  • eACCESSRx: An enterprise solution supporting the patient on-boarding process for therapies covered under the patient’s pharmacy benefits; these solutions offer a customized, end-to-end user experience while automating key workflows in today’s patient and product journey. eACCESSRx is delivered as a Provider-facing portal or an integrated Call Center utility.

The company also offers a robust specialty pharmacy system called “RxVector” for Manufacturers seeking to establish and operate a specialty pharmacy.

 

How do VirMedica’s technologies improve patient access?

VirMedica’s deep understanding of provider workflows, insurance reimbursement and specialty therapies have informed our solutions and enabled us to deliver material efficiencies to the existing patient access infrastructure.

Specifically, we improve patient access by:

  • Transforming the movement of data from hardcopy documentation to standardized electronic communications
  • Automating manual process and communications across stakeholders via proprietary transaction sets
  • Delivering real-time information to transform workflows and elevate service levels

What types of companies does VirMedica work with?

Virmedica works with dozens of specialty brands to simplify their patient onboarding process. We collaborate with a manufacturer’s entire patient access ecosystem – including HUBS, payers, specialty pharmacies – to automate workflows, improve access to data and accelerate the patient’s path to therapy.

Can VirMedica work with an existing HUB and reduce overall costs for an organization?

Yes, we understand that today’s access environment requires a variety of partners, suppliers and vendors working on behalf of providers and patients. Our technology was created to complement and enhance current HUB processes. For example, VirMedica’s API can be used to imbed our proprietary transaction sets into an existing HUB’s enterprise software or Portal(s).

Labor-intensive tasks, such as annual benefit re-verifications, can be automated to save time and money while delivering a better customer service experience. Once in place, our ability to automate workflows creates substantial efficiencies and resulting cost savings.

Can VirMedica’s technologies be customized to meet a brand’s unique needs?

Yes, our solutions can be customized. During each engagement, our account management and development teams work side by side the customer’s brand access leadership to define a scope of work. Each scope of work clearly defines how our technology will be configured and delivered to meet each brands’ unique requirements.

This may include tasks, such as defining which aspects of the patient and/or product journey will be affected by our solution (e.g., activities such as initiating a service request; capturing patient consent; conducting a benefits investigation; meeting payer requirements such as prior authorization and product access.)

How do I start a conversation between VirMedica and my organization?

We would be delighted/welcome the opportunity to hear from you to discuss how our technology may potentially improve your patient access program(s). To begin a dialogue, please reach out to us at info@virmedica.com

How do I apply for a job with VirMedica?

VirMedica is growing and we are always interested in hearing from qualified candidates, including programmers, project managers and other healthcare IT professionals, who share our passion for improving patient access via technology. For a full listing of current job openings, please visit our “Open Positions” in Contact Us/Careers.