FOSRx/FAST Specialty Pharmacy to Expand in TX While Closing Location in TN

Cumberland, MD — May 26, 2017

Factor One Source Pharmacy (FOSRx/FAST) announced today the acquisition of a Dallas, TX specialty pharmacy. In parallel, an existing FOSRx/FAST pharmacy location in Dickson, TN will be acquired by the same pharmacy. The official date of the acquisitions and divestitures is expected to be May 26, 2017.

The deal was initiated by FOSRx/FAST to strengthen market presence in the Louisiana-Texas area, and to leverage existing relationships with providers, payors, and their patient base.

“FOSRx/FAST has a strong market presence in the south-central US, and the acquisition of a Dallas, TX pharmacy provides the structure to continue expansion in the region,” said Dr. Sajal Roy, President and Chief Executive Officer to FOSRx/FAST.

“While we are disappointed to leave the Nashville, TN market, we had to do so because of payor reimbursement changes centered around the State Medicaid TennCare. The pharmacy acquiring our Dickson location follows a model that will allow for them to be successful in this type of market while we focus on regions conducive to our business model. This mutual agreement will make both of our companies stronger and more competitive in the specialty pharmacy landscape,” said Roy.

The acquisition of the Dallas-based specialty pharmacy follows Factor One Source Pharmacy’s acquisition of Fast Access Specialty Therapeutics (FAST) earlier this year in Metairie, LA.

About FOSRx/FAST

FOSRx/FAST, is a dual-entity specialty pharmacy headquartered in Cumberland, Maryland with the ability to serve patients with a variety of medical conditions nationwide. The combined specialty pharmacies are each dual accredited, and offer convenient medicine delivery for specialty conditions to the location of patients’ choice: home, hospital, physician’s office, or infusion center. The company focuses on clinical experience, patient support, and has excelled in servicing people with complex or hard-to-manage medications for Ig therapy, neurology, rheumatology, dermatology, hematology, oncology, addiction recovery, and osteoporosis.

Contact 

Contact us with questions at contact@fosrxfast.com, or for more information about FOSRx/FAST, please visit us at www.fosrxfast.com. To follow us on social media, find us on Twitter at @FOSRxFAST, on Instagram @fosrxfast, and like us on Facebook at Facebook.com/FOSRxFAST.

Written by: J. Kelly

 

FAST Access Rx Awarded Specialty Pharmacy ACHC Accreditation

 

Metairie, LA February 13, 2017 — Fast Access Specialty Therapeutics (FAST), a specialty pharmacy that was recently acquired by Factor One Source Pharmacy (FOSRx), announce today that they have officially earned Accreditation Commission of Healthcare (ACHC) Accreditation in the field of Specialty Pharmacy (SRX).

 

The ACHC held their rigorous on-site survey of FAST in Metairie, Louisiana on January 26th, 2017 and granted accreditation to FAST for all services surveyed under the Specialty Pharmacy on February 3, 2017. During the survey, compliance with ACHC standards reflecting key organizational areas were evaluated.

 

FAST already holds accreditations with The Joint Commission and URAC. Holding three accreditations is extremely rare within the specialty pharmacy industry, and is a process that often takes months or years to achieve. Factor One Source Pharmacy (FOSRx), parent company to FAST Rx also maintains accreditation with URAC and The Joint Commission. All three accreditations will ensure the highest levels of regulatory compliance while elevating the standard of operations within their organization by providing a framework to improve business processes, and quality care.

 

“We are proud of the entire company and clinical team that made this accreditation a reality,” Dr. Sajal Roy, PharmD, CSP, CGP, CPSO, CACP, and CEO of FOSRx said.

 

Established in 1986, The ACHC Accreditation program supports the efforts of its accredited organizations to help deliver safe, high quality care and services. Accreditation is regarded as one of the key benchmarks for measuring the quality of an organization.The accreditation process also provided FOSRx with education and guidance to help staff continue to improve its program’s performance.

 

“Each accreditation affirms our processes that we put in place to make sure our patients get the best care and have the best outcomes for their disease states” Roy said. “Our strategic goal is to maintain all accreditations within our organization to demonstrate that we are top leader in Specialty Pharmacy services.”

 

ACHC is a recognized leader in the area of Pharmacy Accreditation, and  reflects an organization’s commitment to providing safe and effective care.  An SRX dispenses medications (injectable, intravenous or oral) in a client’s/patient’s home, physician’s office, or clinic specializing in certain disease states which are often chronic and sometimes life-threatening.  With the continuous changes in health care, patients are in search of reputable providers that consistently offer the best quality care and demonstrate the ability to maintain compliance with national standards.

 

Accreditation Commission for Health Care:

The Accreditation Commission for Health Care (ACHC) is a national organization developed by homecare and alternate-site healthcare industry providers. Our board, advisors, surveyors and staff are committed to providing the industry with an accreditation program that helps organizations improve business operations, quality of patient care and services.

ACHC is an independent, private, not-for-profit corporation.

ACHC has gained respect and recognition as an accrediting organization uniquely committed to health care providers. They have adopted a participatory approach to standards development that actively solicits the input of those most knowledgeable about current approaches to care. The result is a set of practical standards that promotes quality services and ensures optimum care for the patient. The entire accreditation process is a collaborative, educational, and genuinely patient-focused approach.

Learn more about ACHC here.

 

FAST Access Rx:

Fast Access Specialty Therapeutics, founded in 2010, is a specialty pharmacy based in Metairie, Louisiana which offers convenient medicine delivery for specialty conditions to the location of your choice: home, hospital, physician’s office, or infusion center. F.A.S.T. focuses on clinical experience and patient support, and has excelled in servicing rheumatology, dermatology, hematology, oncology, addiction recovery, and osteoporosis patients. Learn more here.

 

Factor One Source Pharmacy:

Founded in 2014, Factor One Source Pharmacy is a Specialty Pharmacy with an unwavering commitment to excellence in providing treatments and products for their patients with outstanding customer service. Headquartered in Cumberland, Maryland, they are a fast-growing company with a nationwide presence that is focused on enhancing patient safety and medication adherence. Dr. Sajal Roy, President & CEO, is the only quadruple board certified pharmacist in the United States, and sits as a commissioner for the Maryland Board of Pharmacy and serves as Chairman of the Emergency Preparedness Task Force.

Announcing FOSRx Acquisition of F.A.S.T.

Cumberland, MD — January 2, 2017

Factor One Source Pharmacy (FOSRx) and Fast Access Specialty Therapeutics (F.A.S.T.) announced today that they have entered into a definitive agreement under which FOSRx will acquire F.A.S.T. for a combination of cash and stock. Together the two companies are projected to generate approximately $136 million dollars in revenue in 2016 and are projecting $156 million in revenue for 2017.

F.A.S.T. will retain its brand, but will function under the umbrella of FOSRx, and will add “Powered by Factor One Source Pharmacy” to its name moving forward. F.A.S.T.’s Chief Executive Officer, Stephen LaCoste, and Chief Operating Officer, Adam Myers, fully support the transaction. Sajal Roy, PharmD, CGP, CACP, CPSO, CSP and Chief Executive Officer to FOSRx, will become CEO to both companies effective immediately.

F.A.S.T. employs a team of 42 and has average annual revenue of $100 million. Over the past seven years, the company has grown tremendously due to its patient-oriented business and commitment to quality. Like FOSRx, F.A.S.T. is a dually accredited specialty pharmacy with The Joint Commission and URAC. Dual accreditation is achieved by few home care and specialty pharmacies and helps ensure patients are receiving the best possible care. Excelling in these areas has resulted in industry-leading customer satisfaction, patient engagement and strong financial performance.

“The F.A.S.T. team has grown a fantastic business centered on support and quality services for patients,” Roy said. “Together we can accelerate the growth of the Factor One Source brand as we seek to empower every patient we serve to live fulfilled, healthy lives.”

With brick and mortar locations in Maryland, Tennessee, and now Louisiana, FOSRx plans to continue expanding to the West Coast.  FOSRx will continue to dispense specialized medications in conditions related to rheumatology, dermatology, oncology, immunoglobulin therapy, hemophilia, endocrinology, gastroenterology and neurology, among others.

“F.A.S.T. is a strong fit with FOSRx’s innovative and growing business, further supporting the company’s strategic focus on hemophilia, bleeding disorders, and immunology. We expect the acquisition will enhance near-term revenue growth and strengthen name recognition within the industry. We are well positioned to maximize FOSRx’s commercial potential through our patient-centric business model,” continued Roy.

“Today marks the beginning of an exciting new chapter for F.A.S.T., one which we believe will deliver significant value to our patients and partners,” said Adam Myers, F.A.S.T.’s Chief Executive Officer, “We have deep respect for FOSRx and it’s clear they share our commitment to delivering top-notch care and invaluable service. We are proud of the company our team has built and are confident that FOSRx will accelerate F.A.S.T.’s important mission given the strength of its national presence and resources.”

 


 

About FOSRx

Factor One Source Pharmacy is a specialty pharmacy providing medications and services to people with complex or hard-to-manage medications. Headquartered in Cumberland, Maryland, FOSRx is able to serve patients with a variety of medical conditions in all 50 of the United States. To learn more about the Factor One Source Pharmacy, visit: www.fosrx.com

About F.A.S.T.

Fast Access Specialty Therapeutics, founded in 2010, is a specialty pharmacy based in Metairie, Louisiana which offers convenient medicine delivery for specialty conditions to the location of your choice: home, hospital, physician’s office, or infusion center. F.A.S.T. focuses on clinical experience and patient support, and has excelled in servicing rheumatology, dermatology, hematology, oncology, addiction recovery, and osteoporosis patients.

Contact

Contact us with questions at contact@fosrx.com. To follow us on social media, find us on Twitter at @FactorOneSource, on Instagram @fosrx, and like us on Facebook at Facebook.com/FactorOneSourcePharmacy.

2016 FOSRx Scholarship Winners Announced

Factor One Source Pharmacy announces today that it has awarded $8,500 worth of scholarships for the 2016-2017 school year to three worthy recipients who have extraordinary academic, extracurricular, and personal backgrounds. All recipients also live with chronic illnesses. The 3-tiered scholarship program is part of an FOSRx initiative to support people living with life-long disorders/diseases to achieve academic success despite their diagnoses.

“These scholarships will help the lives of three remarkable people who have excelled despite challenging life circumstances, and who are capable of achieving great things in their future college experiences.” FOSRx CEO, Sajal Roy said. “Our communities will benefit by enabling these remarkable students to fully develop their talents and achieve great things.”

Roy thanks the FOSRx Scholarship Committee for helping identify outstanding candidates for the FOSRx Scholarship Program Scholarships, which based their decision on academic achievement, extracurricular involvement, financial need, and future impact.

Since 2014, Factor One Source Pharmacy has publicly awarded $12,000 in scholarships to five students across the nation, and plans to continue awarding outstanding applicants annually.

Factor One Source Pharmacy is a specialty pharmacy providing medications and services to people with complex or hard-to-manage medications. Headquartered in Cumberland, Maryland, FOSRx is able to serve patients with a variety of medical conditions in all 50 of the United States. To learn more about the Factor One Source Pharmacy Scholarship Program, click here.

 


Listed below are the 2016 FOSRx Scholarship winners, their associated hometown, their diagnosis, the college or university they will be/are attending, and their plans for the future.

 

lara-photoSilver Scholarship Recipient ($1,000):

Lara Hilton is from Athens, Georgia, and is a single mother of two who was recently diagnosed with Autoimmune Disease. She has earned two associate’s degrees, and is currently enrolled in the Healthcare Science program at Athens Technical College in order to ultimately become a Registered Nurse.

“I want to specialize in women’s health because I am especially interested in being a resource for young women thinking about their reproductive options.”

img_2924Gold Scholarship Recipient ($2,500):


Shaylyn Fujii is from Keaau, Hawaii, and lives with von Willebrand Disease. She was the first in her family to graduate from a four-year university, and is now pursuing a career as a family nurse practitioner.

“I would like to run a health clinic in the rural districts of regions that my family grew up in. With this specialty, I will be able to help people of all ages and provide easier healthcare to my local community members.”

img_20160910_131104Platinum Scholarship Recipient ($5,000):

Justin Horbacz lives in Gainesville, FL and is diagnosed with severe hemophilia. He has raised $10,000 to help other youth affected by bleeding disorders attend hemophilia-focused summer camps, and has helped sponsor 30 children with hemophilia from 6 developing countries through “Save One Life.” He is attending the University of Florida to pursue a career as a pediatric hematologist.

“Being challenged in life is inevitable. It is how we view and approach these challenges that shape who we are.”

New Regional Sales Executive Joins FOSRx in Oklahoma

Cumberland, MD, Aug 3, 2016 — Factor One Source Pharmacy announces a new addition to the company today as Clyde “J.R.” Brawner, BBA, MBA, CPC joins their sales force in the Central States Territory as a Regional Sales Executive.

In his role, J.R. Brawner will work directly with patients as a liaison with their pharmacy and navigation teams, in addition to recruiting new patients within his region.

“My passion is to assist others, in the hemophilia community and abroad, in living their lives to the fullest of their abilities while achieving their professional, academic, and life goals,” he said.

JR BrawnerBrawner has worked in the hemophilia industry for eight years and has held various positions including area manager, business development manager, and director of marketing. He has worked closely with the Crohn’s, Colitis, and Hepatitis C population within the Oklahoma City area.

During Brawner’s career he has served on and held leadership roles in several committees for the Oklahoma Hemophilia Foundation (OHF) including Hemophilia Walk Committee, Youth Leadership Committee, and Camp Planning Committee.    

Brawner holds a Master’s Degree in Business Administration from the University of Central Oklahoma and is also a Certified Professional Life Coach. He looks forward to the next chapter in his professional career as an employee of FOSRx.

“I pride myself on integrity and live to empower others,” he said.

Brawner currently resides in Oklahoma City, Oklahoma. Some of his favorite activities include playing and watching basketball, cooking, traveling, fishing, and camping. To get in contact with him directly, email jbrawner@fosrx.com.

 

About Factor One Source Pharmacy:

Founded in 2014, Factor One Source Pharmacy is a Specialty Pharmacy with an unwavering commitment to excellence in providing treatments and products for their patients with outstanding customer service. Headquartered in Cumberland, Maryland, they are a fast-growing company that is focused on enhancing patient safety and medication adherence. Dr. Sajal Roy, President & CEO, is the only quadruple board certified pharmacist in the United States, and sits as a commissioner for the Maryland Board of Pharmacy and serves as Chairman of the Emergency Preparedness Task Force. 

 

FOSRx Continues to Expand; Appoints New Program Director

 

Cumberland, MD, June 27, 2016 — Factor One Source Pharmacy, a fast-growing specialty pharmacy, announced today that Daniel Reilly has joined the team as Program Director to further develop their regional and national presence.

As Program Director, Reilly will help Factor One Source expand and enhance their relationships with new and existing clients. In addition, he will develop and implement chronic disease programs as Factor One Source continues to grow the portfolio of disease states they service.

daniel Reilly“I am very excited as I begin my journey as Program Director at Factor One Source,” said Reilly. “I look forward to using my past career experience to help others and focus on meaningful and rewarding programs,” he added.

Since receiving his bachelor’s degree in Business Administration from the University of South Dakota, Reilly has been assisting individuals living with HIV, viral hepatitis, bleeding disorders and other chronic health conditions in various for profit and nonprofit positions for the past twenty-five years. During his career, he has served on numerous nonprofit boards, including President of the Hemophilia Society of Colorado from 2003-2007. He simultaneously worked as the HIV/HCV Coinfection Program Director at Hep C Connection in Denver.

Reilly has long been an advocate for rare and complex diseases. He has spoken about bleeding disorders, HIV and viral hepatitis to over sixteen thousand students from middle school to medical school, as well as to medical professionals and AIDS Service Organizations.

Reilly lives in Denver with his wife of twenty-two years, Jacquelyn, a Registered Dietitian, their eleven-year-old daughter Olivia, and their dog Buster. Together, they enjoy camping, biking, traveling and cooking together.

 

About Factor One Source Pharmacy:

Founded in 2014, Factor One Source Pharmacy is a Specialty Pharmacy with an unwavering commitment to excellence in providing treatments and products for their patients with outstanding customer service. Headquartered in Cumberland, Maryland, they are a fast-growing company that is focused on enhancing patient safety and medication adherence. Dr. Sajal Roy, President & CEO, is the only quadruple board certified pharmacist in the United States, and sits as a commissioner for the Maryland Board of Pharmacy and serves as Chairman of the Emergency Preparedness Task Force. To learn more, visit www.fosrx.com.

FOSRx Pharmacist Spotlight: Jennifer Burton, D.Ph.

WIN_20160503_09_39_22_Pro (2)Today at Factor One Source Pharmacy we are pleased to feature Jennifer Burton, D.Ph., the Pharmacy Director of our Dickson, Tennessee location. Burton joined the FOSRx Team in February, 2016 and brings a wealth of experience through her more than 2 decades of working in the industry.

Each of our pharmacists have been actively pursuing licensure in multiple states in order to provide the best possible service to our patients.  Burton has so far succeeded in becoming licensed in both Tennessee and Kentucky, and plans to take on more states in the future. In addition, she intends to become a board certified Specialty Pharmacist, which is experience based and also requires passing a test covering multiple specialties, including inflammatory diseases, oncology infectious-HIV,hepatitis, MS, blood disorders, immune disorders, and more.

While certifications and licensures require some continued education, Burton feels that doing elective Continuing Medical Education is simply good practice.

“I like to take care of my patients like I would my friends and family, so that means knowing as much as I can in order to be in a good position to do that.”

Burton’s professional background was originally in the community pharmacy field. While she enjoyed her work, she had substantial frustrations while working with big corporations. She felt that customer service suffered because every decision was driven by numbers and metrics.  

Jennifer Burton-min“Being at a smaller company allows for better service all around,” she said.  “If something needs to be fixed, it’s easier to accomplish because I don’t have to go through multiple layers of management who have pretty much no power to resolve problems efficiently.  There’s more of a family feel and focus on the patient.”

Born in Nashville, Burton always knew that she would like to end up somewhere in the medical/scientific community, but never foresaw becoming a pharmacist.  “My original plan was marine biology and working at SeaWorld, but that was a little far from home, and was probably a little less than realistic,” she said.  She abandoned that idea her senior year in high school and decided to pursue other ventures. At some point during her sophomore year at Ole Miss, her advisor suggested that she take the PCAT, which which was being administered within a few weeks of their conversation. She took it and was accepted for the following fall, and the rest is history. “I love where I am now and think Specialty Pharmacy work is going to be a great fit for me.”

Burton loves spending her free time at the lake with her husband,  two daughters, and their chocolate lab named Zeke. She can be contacted at jburton@fosrx.com, or by calling: 844.773.6779 ext. 107.

 

About Factor One Source Pharmacy:

Founded in 2014, Factor One Source Pharmacy is a Specialty Pharmacy with an unwavering commitment to excellence in providing treatments and products for their patients with outstanding customer service. Headquartered in Cumberland, Maryland, they are a fast-growing company that is focused on enhancing patient safety and medication adherence. Dr. Sajal Roy, President & CEO, is the only quadruple board certified pharmacist in the United States, and sits as a commissioner for the Maryland Board of Pharmacy and serves as Chairman of the Emergency Preparedness Task Force. To learn more, visit www.fosrx.com.

 

Company Contact:

J. Kelly, Public Relations and Marketing
844.773.6779, jkelly@fosrx.com

FOSRx Announces Regional Sponsorship with IDF

Cumberland, MD, March 24, 2016 — Factor One Source Pharmacy (FOSRx), a Specialty Pharmacy dealing primarily with chronic and hard-to-manage medical conditions, announced today that they will become Regional Sponsors with the Immune Deficiency Foundation (IDF) effective April 1, 2016.

IDF was founded in 1980, and is the national patient organization dedicated to improving the diagnosis, treatment and quality of life of persons with primary immunodeficiency (PI) diseases through advocacy, education and research. PI diseases are a group of more than 250 rare, chronic disorders in which part of the body’s immune system is missing or functions improperly.

new-IDF-Logo

Sponsorship by specialty pharmacies like FOSRx supports educational programs and materials that offer medical information, guidance about health insurance issues, important life management and patient care resources, and support for patients and family members.

In 2016, IDF will present approximately 22 patient education meetings,and 6 IDF Family Conference Days throughout the country. These meetings provide an outstanding opportunity to hear firsthand accounts of patient needs and issues.  FOSRx plans to send representatives to each of these meetings and will be available to help patients with questions and discuss services.

About FOSRx:

Founded in 2014, Factor One Source Pharmacy is a dual-accredited Specialty Pharmacy with an unwavering commitment to excellence in providing treatments and products for their patients with outstanding customer service. Headquartered in Cumberland, Maryland, they are a fast-growing company that is focused on enhancing patient safety and medication adherence. Dr. Sajal Roy, President & CEO, is the only quadruple board certified pharmacist in the United States, and sits as a commissioner for the Maryland Board of Pharmacy and serves as Chairman of the Emergency Preparedness Task Force. To learn more, visit www.fosrx.com.
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