⭐Join us in welcoming @MyRx365 to the #StartUpHealth global army of Health Transformers! MyRx365 is disrupting the pharmacy fulfillment space by creating a technology-enabled and patient-focused experience.
@halletecco@aryadoctoryet@nikillinit The pill box is not the issue, the real issue is cost, next issue is access, followed by education...To solve these issues novel approaches are needed, not just a pillbox that sends a message to your smart phone as a reminder to take meds...
@JohnNosta@idpharmd Overprescribing of #antibiotics leads to the development of antibiotic resistance. This leads to bacteria that are called #superbugs, resistant to many antibiotics. It is a growing problem within #hospitals.
Request for Startup: I want to fund an affordable insulin company.
Building a brand people will love will be the easy part. We'll call it: You Deserve to Live Pharmaceuticals. https://t.co/V1pYmrl3FN
@alexisohanian Fastest way to market is to fund development of a biosimilar...@MyRx365 will be happy to distribute at cost price...we are not beholden to investors who require VC type returns unlike other pharm tech companies with sky high valuations
@Jshiz93@halletecco Their model is fairly simple. Position as tech company. Charge a monthly fee. Outsource the clinician, outsource the pharmacy fulfillment. Raise capital, spend it on advertising, increase valuation and exit before anyone notices.
@halletecco@idancohen I agree. They have structured deals with physicians as independent contractors, but obviously the whole premise of employment is to prescribe these medications. Definitely conflict of interest.
@halletecco This is a huge problem. How do you prescribe medication without having a real conversation with a patient. These companies have patients fill out questionnaires, a provider reviews and then sends a prescription to a pharmacy which mails it out. Regulation is definitely needed.
@halletecco It doesn’t end well...overinflated valuations. It will be interesting to see what happens if new entrants in the space begin charging $5 instead of $30/month. Can these pill mills actually survive pricing competition and maintain their valuations?
@chrissyfarr@Farzad_MD It is amazing how VC's back ideas but don't realize how important health care experience and knowledge is in an industry that is highly regulated.