Rite Aid Corporation (NYSE:RAD): Partners To Expand Health Alliance Program

Denver, CO, 06/11/2014 (Stocksntrade) – Rite Aid Corporation (NYSE:RAD) yesterday announced its partnership with Penn State Hershey Health System whereby the latter will join Rite Aid Health Alliance initiative as the latest healthcare provider. Rite Aid Health Alliance program offers comprehensive care and support to patients with chronic health conditions while helping them to achieve health improvement goals. Such an integrated healthcare model uniquely leverages the expertise of community pharmacists coupled with specially trained in-store healthcare coaches. This model is a first for the drugstore industry. In addition, community pharmacists, who play a vital role in this care model, are also one of the most trusted resources among healthcare providers and are most accessible as well.

The Penn State Advantage

Through Rite Aid Corporation (NYSE:RAD)’s Health Alliance, Penn State Hershey physicians can refer patientswith diabetes, high cholesterol, congestive heart failure, COPD and other chronic and poly-chronic conditions to the program for addition coaching and support in areas of meal, exercise planning and medication management. As a part of such partnership, all members of the care team regularly communicate with physicians to improve patient’s overall health. Rite Aid pharmacists and trained care coaches work with the patient and physician on an on-going basis to improve patient’s self-management abilities and overall health.

Health Alliance Partnerships

Rite Aid Corporation (NYSE:RAD) is currently piloting this care model in partnership with Apollo Medical Holdings, Inc.; Cornerstone Health Care; and Greater Buffalo United Accountable Healthcare Network with Penn State Hershey Health System being the latest partner. Under this care model, the company offers the participating patients a disease education, nutrition and weight management information, exercise coaching, tobacco cessation support, comprehensive medication reviews and reconciliation and medication compliance support through specially trained Health Dialog coaches who will be available at select Rite Aid pharmacies.

On Tuesday, Rite Aid shares lost 1.36% and closed at $7.28.

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