MediSafe - Mobile Medication Management Platform
• MediSafe is a mobile-first medication management platform, different from a pill reminder application, because it addresses all of the major causes of non-adherence -- forgetfulness, lack of support, emotional distress, information overload, low engagement, and rising medication costs (in the form of copays). • MediSafe engages patients in their treatment by sharing results (e.g. via lab tests and biometrics), motivates futher through connections to physicians and care teams, and offers a holistic and simplified approach to managing their health via related educational content (e.g. diet, exercise), easy access to prescription refills, and other value added services. • MediSafe is the industry leader with over 1.3 million downloads and hundreds of thousands of weekly active users across iOS and Android smartphones and tablets. • MediSafe apps have earned a 4.5 star rating from 50,000+ reviews across Google Play and iTunes app stores.
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MediSafe - Mobile Medication Management Platform
- 2. MediSafe is a medication management platform, addressing the major causes of non-adherence. What is MediSafe? Forgetfulness Lack of support Emotional distress Information overloadLack of connectivity Low engagement Medication costs
- 3. Why and When? Key Dates Founded Aug. 2012 First Funding Aug. 2013 Launched Nov 2012 (alpha) May 2013 (beta)
- 4. The Problem 146M Americans prescribed daily meds 700,000 Suffer an over/under dose emergency each year 19 minan American dies due to non-adherence Every $187B Lost sales to pharma and pharmacies each year $290B US healthcare costs related to non-adherence Lost Revenues Quality of Care Healthcare Costs CVS research, 2012 CDC research. 2012 Congress report regarding non-adherence, 2012 CapGemini/HealthPrize research 2012
- 5. Our Opportunity Hospital/ HMO/ ACO Pharmacy Pharma Data Rx and Treatment Rx Transfers / Refills Targeting education AnalyticsE-Prescription, pt history Cost savings FREE PA info Adherence Data & Biometrics
- 6. MediSafe is an engaging, holistic solution addressing the major causes of non-adherence : Forgetfulness Lack of support Negative feeling Miscommunication Lack of connectivity Low engagement Medication costs Helpful tools & services Reminders Patient education Positive reinforcement Telecare Diet tips and content Family notifications Bio feedback Consumer Solution
- 7. 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Where We Are 1,200,000 Downloads Active Users: Hundreds of thousands Doses Taken Correctly: 75M+ Sessions: 200,000,000+
- 10. Pharma Dashboard Annual $ Value of Increased Adherence $1,804,032Based on: 36% increased adherence = 10 days/MO 16,000 patients using solution $0.87 lowest retail cost per pill Active users Average Adherence Ages Gender Location Active users Monthly Average adherence 24K 86% People who take Lipitor also take: 1. Vitamin D 2. Metformin 3. Insulin 4. Contraceptives 16000 8000 86% 76% Estimated ROI X5 Total value / total cost
- 11. Platform Expansion to Wearables Hand Gesture Technology Cross-referencing Data The Next Level
- 12. Questions? Intelligent Medication Management Platform