3. The pharmacy experience today
This is what purchasing a medication is like today, for consumers:
Travels all the way
to the pharmacy
Finds out how much
the medication cost
and if is covered by
4. How big is the problem?
Avoidable Drug-Impacted Medical
Total Addressable Market
5. How are we going to solve it?
Show consumers their cost for drugs including
generic and similar alternatives
Educate patients to be better
Enable patients to discuss ways to lower costs
with physicians & pharmacists
10. The Pharmacy of the Future
• Using A.I. for biometric dosage
• Polypill: Medication Integration
• 3D printed personalized pills
Notes de l'éditeur
Many companies are dealing with increased healthcare costs due to changes in national policy and the pharmaceutical industry.
Prescription drug spending is the largest out-of-pocket healthcare expense for individuals (31%) and accounts for over 10% of the 3.1 trillion in U.S. health care spending.
Today these rising costs are shouldered by both individuals as well as their company-sponsored healthcare plans.
$90 billion a year is wasted because consumers lack the necessary data and insights to make optimal decisions about their prescription medications.
A major innovation we are observing in Healthcare is a ‘systemic change’ opportunity that is just starting to shift the growth of “point-of-care” from hospitals and physician clinics to “point-of-retail”, “point-of-home”, and “point-of-self”.
McKinsey Global Institute estimates $350 Billion of avoidable drug related medical costs is a “systemic change” opportunity where innovation such as personal medical data being delivered in real time to expanding “points-of-care”.
Transparency:Show consumers their cost for drugs including generic and similar alternatives
Education:Educate patients to become better healthcare consumers
Access:Enable patients to discuss ways to lower costs with physicians & pharmacists
With Amazon entering the healthcare industry, we are one step away from a disruption in medication delivery service, very much like uber eats, our medications will be delivered not in two days, but in twenty minutes.
Telepharmacists will be essential to support this new delivery system.
this isn’t a new technology. It has been around for quite some time, but has yet to catch on to the masses.
Only 23 states current allow telepharmacy, but it is gaining popularity and trending among the pharmacy world
Part of the problem is also overmedication.
Today we want to solve every problem with a pill. Got a headache? Take a pill. Constipated? Take a pill. Are you feeling sad today? Take a pill.
What if a therapist could prescribe a game that can help with Anxiety, ADHD or even PTSD?
Or a weight loss app that combines medical, behavioral, nutritionist and a life coach?
By taking an individual health plan member’s prescription based clinical, claims, and related lab data across the entire continuum-of-care.
This can include avoiding drug duplication, unintended side effects from combined drugs, and an ability to remotely monitor drug patient adherence.
Everybody will get smarter.
In order to truly disrupt big pharma, we also need to rethink how we prescribe drugs
Today, too often, medications are dosed incorrectly, cause toxic side effects or just don't work.
Imagine a future of where a 3D printer can design personalized pills that adapt to our individual needs instead the formulary dosage.
This is not science fiction. Dr. Daniel Kraft from Intellimedicine has a prototype doing it today.