KeyCentrix and RMS Launch flexTRAX Solutions

PRLog (Press Release) - Oct 27, 2008 -
KeyCentrix, Inc., provider of the RxKey Pharmacy Software System, and RMS, an industry-leading pharmacy Point-of-Sale (POS) provider, have collaborated to develop a flexible spending account (FSA) card processing solution. The new company, flexTRAX Solutions, provides independent pharmacies with an alternative to a traditional POS and enables pharmacies to continue processing FSA cards after January 1, 2009 when a new IRS regulation becomes effective. Pharmacies without a compliant POS system will be unable to process FSA/HSA cards after the deadline.

The flexTRAX system is an IIAS compliant system that enables pharmacies to continue accepting FSA cards and can replace most cash registers. Pharmacies can use flexTRAX to ring up sales; verify which items are FSA eligible; tender payments by FSA card, credit/debit card, cash, or check; and print receipts for the sale. The flexTRAX application runs on a Windows PC with minimal hardware and verifies each item against the SIGIS Eligible Items List; therefore pharmacies must register with SIGIS to use flexTRAX. This registration also ensures that the pharmacy is placed on the SIGIS Merchant List, which many health benefits administrators use to recommend merchants to their employees.

FlexTRAX co-founders Brandon Shuey, President and CEO of KeyCentrix, and Brad Jones, President and CEO of RMS, decided to combine their resources in order to quickly meet an industry-wide need. “Earlier this year, we discussed the implications of the new regulations on the independent pharmacies,” said Shuey. “We knew the industry lacked an alternative for the independents, some of whom cannot justify the expense of a POS. Without an alternative, the independent pharmacy market was at risk of losing customers who could no longer use their flexible spending account debit cards. The quickest way to develop and deliver a solution to the independents before the deadline was to develop a partnership with RMS, who brought the experience and understanding of front-end pharmacy operations.”

Pharmacies interested in using flexTRAX as an alternative to a POS can find more information and registration on the web: www.flextraxsolutions.com.



About KeyCentrix:
KeyCentrix, Inc provides pharmacy management systems as well as Pharmacy Administered Benefit tools to clients throughout the United States, which include chain, community, mail order, and clinical pharmacies. KeyCentrix was founded in 1970 and is privately owned by CGF Industries. Their latest product, RxKey® Pharmacy Management System, combines a user interface that thinks like a pharmacist with standard and customizable workflow solutions, while keeping pharmacies ahead of the competition through business intelligence, central management, and remote processing. For more information, call 800.444.8486 or visit www.keycentrix.com or www.rxkey.com.

About RMS:
Retail Management Solutions is the industry leader in point of sale technology for retail pharmacy. They are a privately held company with employees throughout the United States, providing world-class service to customers in all 50 states, 24 hours a day, 7 days a week. Their team is made up of technology professionals, specializing in the pharmacy industry, with hundreds of years combined experience. Having sold more POS systems in the independent pharmacy market than any other company for each of the past three years, RMS has become the industry standard.  For more information about RMS, please visit www.rm-solutions.com.