Apr 11, 2022
Summary:
Disruptive technologies are pervading industries of all kinds—one
of the latest being pharmaceuticals. I sit down and chat with the
CEO of NowRx to discuss how he and his company are revolutionizing
pharmacies, making getting a prescription an easier, secure, and
efficient process. Utilizing micro-fallfilment centers that house
technology built for optimizing pharmacy processing, NowRx is able
to save money on retail space and deliver medications to patients
the same day orders are placed—typically within a few hours. Listen
in to hear more about the innovations taking place in
pharmaceuticals, and to learn about how you can invest in
NowRx.
Highlights:
Disruptive technologies are taking place in many
industries—automobiles, the taxing industries, etc.
-Now, these technologies are coming to the pharmaceutical world
-Breese’s company uses micro-fulfillment centers to house
technology that is built for optimizing pharmaceutical
processing
-Saving money on retail space, they can afford to deliver
medications to patients the same day orders are placed—usually
within a few hours
-They are using technology and optimization to revolutionize
pharmacies
-The current pharmacy industry is suffering from misalignment
-NowRX hopes to be publicly traded one day, and is growing by about
60% year to year in terms of revenue
-They manage everything from the point the Rx is sent in to when
the prescription reaches the patient
-Most pharmacy systems don’t take advantage of their communication
software
-NowRx goes further in terms of communication follow-up, and they
give doctors real time statuses of every medication as well
-Patients get live updates when their prescription is in the
process of being delivered
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