Novus MedPlan is widely popular supplemental health plan that offers several benefits for patients, cultivators, and dispensaries as well. Patients that need to buy hemp/CBD and medical marijuana to meet their health care requirements can avail great benefits from this plan. Frank Labrozzi, Novus CEO and Chairman say that this plan help patient to reduce their medical bills by a considerable level.
Note that, this health plan works for the cost associated with vision, dental, naturopathic, diabetic care along with imaging, telemedicine, and prescription as well. At the same time, the company offers great cost saving on medical cannabis as well.
In order to provide such offers to the patients, Novus has established partnerships with many companies whose products are listed on the online web portal of MedPlan. Labrozzi recently revealed that the Novus actually works for applying discounts on products depending upon the health plan criteria; however, transactions for all the purchases actually happen between the company and the patient directly. In order to sell the medical health products at a discounted price, the service providers/companies need to integrate into vertical fashion so that the discounts can be applied with ease. In order to cover the losses of the companies after applying discounts, Novus provides complementary advertising and marketing services. They list out products online on easy to access dispensaries so that patients can order prescriptions with ease.
Some of the most popular benefits of establishing a partnership with Novus are instant present on Novus web shop, member access, SEO services, and many more. The prime idea of Labrozzi is to set up vertical integrations among cultivators, dispensaries, and manufacturers as well. The company CEO also revealed that Novus follows several methods for advertising its own services and the products from other program members as well; however, all strategies follow state regulations. With their awesome marketing ideas, they have achieved the estimated count of 15000 members with the estimated cost of marketing around 1.3 million.
Novus was established in the year 2015, and they are currently serving customers on the state level. Hopefully, they will increase their service scope with the legalization of cannabis products. Labrozzi also said that as soon as the cannabis products are approved federally, the company will start doing co-pays and reimbursements as well. They are presently working in Canada to develop suitable plans for co-pay and reimbursement with handsome discount offers.
Although medical marijuana or CBD oils in Canada are federally approved, as the regulation in the US relies more on the insurance and cannabis programs of each state; Novus need to become an approved brand in the area to sell products in all states without any risk. Note that, Novus is a California based insurance company, and the regulations in this state are usually very strict; hence, many other states also want Novus to apply the same model for discounted packages.
Patients can access the full plan of Novus with a monthly payment of $24.95 with no copays, long term contracts or deductibles; they can avail immediate approval from Novus-MedPlan network.