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    ScriptsReady

ScriptsReady

ScriptsReady

The Idea

Drug/Medication prescribed by an Australian registered Doctor and send it electronically to a selected Pharmacy (Customer) of their choice.

This will allow the medication to be dispensed and packed ready for pick up or ready to delivered to a registered address. Upon pickup, customers hand over their paper script at the same time that they collect, ensuring that all Pharmaceutical Benefits Scheme requirements are met.

The Customer problems we are solving are:

  • -Inefficient medication dispensary ( average wait times of 20 minutes )
  • -Poor medication compliance ( lack of medication in stock at
    pharmacies )
  • -Unsecure prescribing ( invalid prescriptions / out of date prescriptions)

And the solution to these problems for our Customers and Users is:

  • -Save time and avoid pharmacy lines. Send your prescription through
    the app and pick up when you want and where you want. No waiting in
    line for your medication and no waiting in line to pay for your medication
  • -Pharmacist can order the medication in stock ahead of your pickup
    time / some pharmacies may offer a delivery service for repeat
    medication
  • -Pill reminders / inventory control of medication supplies for the
    patient?
  • -Allow family members to manage your medication

This makes medication more accessible and convenient for Patients creating positive social impact for the community. Our vision is to improve the health outcomes by making it easier and safer for Patients to manage their medicines. We recognised the need for easier and quicker access to obtaining prescriptions anywhere, anytime.

The Market

This application appeals to all age groups. There are busy moms and dads who work full time with sick children to look after. The ageing population family members can pick up on their behalf. Then are those that skip medication. If someone fails to take medication when they’re supposed to or someone who skips blood pressure medication they are more likely to develop a heart condition that costs far more to treat in the long term. And in terms of what this would be assisting customers with, the greatest currency of the modern era is time and we live in the age of convenience and instant gratification. Consumers have become accustomed to opening an app and ordering everything. They have a million other things to do but they need to allocate up to
half an hour just to pick up a script that they likely won’t need an intervention or much of a consultation for “It’s not exactly a fun experience.

 

The Vision

Our main target Customer are Pharmacies. As of March 2015, there are 5371 registered pharmacies (Pharmacy Board of Australia). Our adopters of the Platform are Users – Patients and their Caregivers.
Health in general lies at the heart of the economic, political, social and environmental prosperity of a nation. With exponential leaps in digital technology and the ubiquity of smart devices, mobile health (or mHealth as it’s known), can address many of the issues surrounding the rising costs of healthcare.

There are certain health conditions that are expected to be a challenge to our health care system with the increasing aging population. These conditions include cancer, dementia, increase in the number of falls, obesity, and diabetes. We believe that as life expectancy increases, the prevalence of disability will increase. All these conditions will include some form or treatment and medication. Expansion of the global mHealth market will see revenue increases of nearly six-fold to $23 billion by 2017 (PwC and GSMA study), representing a massive value creation opportunity for multiple stakeholders across the world. The growing need to find solutions to the economic health drains will be utilised by mHealth to its fullest potential in the coming years, with the likes of mobile operators, device vendors, content and app creators and healthcare providers all seeing the potential.
Global value of mHealth App Market – Value in 2017 is estimated to reach $26.9b globally, quadrupling 2015’s $6.4billion.

The Customer Experience

As the business grows, recruitment of a sales / marketing team will ensure the expansion of our customer base. Marketing agencies are also and option to ensure product gains traction and awareness amongst the general public. To keep our Users engaged the most effective way to communicate is
through the APP, users will have reminders appear on the icons for repeat medications and medication due to expire. There will also be a loyalty rewards system within the APP providing discounts on spending in stores and Promotional discounts on certain types of medication. A customer feedback option will allow us to monitor the user experience.

The Team

We believe we are the right people to turn this idea into success because:

  • We are passionate Founders we are young can learn new things
    quickly, can process information and make smart decisions
  • Our credibility
  • Experience in the field and Industry Knowledge
  • Access to Users (Patients and Caregivers) and Customers
    (Pharmacies, Aged Care Homes, Hospitals)
  • Strong Network of Advisors and Mentors

 

Funding Sought

The main costs of associate with launching the venture is building the App for Users (Patients and Caregivers) and and the Web Interface for
the Customers (Pharmacies, Aged Care Homes, Hospitals). We have received 2 quotations for building a Beta Version from a local Tech Company based in Sydney (Adaptry, North Sydney) and from Elinext Group (Vietnam). Adaptry quoted $15,000.00 and Elinext Group quoted $10,000.00 the building the beta version of ScriptsReady.

Other setup costs include Office Equipment from Officeworks:
– 1 x PC $600.00
– 2 x Workdesks $400.00
– Stationary $100.00
– 1 x Laptop $1500.00
We found Officeworks to be most competitive offering 5% discount if we could find a more competitive price from its Competitor ( Harvey Norman , JB HI FI)

To incorporate a company costs $900.00 includes ABN, ACN and GST register.
Insurance will depend on the office premises and the final office equipment required to setup.

Worker’s Compensation will depend on the level of employees and wages.

Our Partners

We proud to be in the process of signing our first customer to test our beta Version. Steven Nguyen from Red Hill Pharmacy will be the first
customer to pilot the beta version.

Steven believes we have the creativity and technology experience to design a solution that improves issues that Steven sees day to day at work.

Steven has donated much valuable time in helping us understand more about the medication dispensary procedures and the process for dispensing medication. We have found other areas where we could add value for our Customers. The main benefits we could explore is to create a Network / Co-op of Pharmacies to collective buy giving Pharmacies more bargaining power such as Chemist Warehouse.

Value Capture

ScriptsReady is proposing a Platform that will provide an opportunity for the Pharmacy of the future. Our unique model tailors the product to the
end user while our customers are businesses providing care for those users. The patient, our end user, sees three core components when using the app while our customers (Pharmacies, Aged Care Homes and Hospitals) – receive added value in:
– Innovation
Paid Customers :
– Pharmacies
– Aged Care Homes
– Hospitals

Venture Concept Overview

In Australia, the average wait time for getting prescribed medication would be 15-20 minutes. In high-demand hours, the wait time can potentially go up to nearly an hour. For busy workers and elderlies, this causes a great inconvenience. Patients not only have to encounter difficulties in dealing with the disorganised dispensary system, they sometimes even have to travel around to various pharmacies to look for their out-of-stock medication. As a result, medication nonadherence becomes a growing concern because patients decide to skip their medication by the long travel time, and wait times. Moreover, the mounting workload becomes the impediments for pharmacists to check whether the correct medications are being dispensed, which could lead
to significant medical error and ‘horrible’ death.
With ScriptsReady, patients can simply take a photo of their prescription and send it electronically to a selected pharmacy. They can pick up at any time without the long wait in the queue. With the problem of medication shortages and out-of-stock drugs, the application could notify patients to collect their medication when it is back in stock (and also provide information to pharmacies for stock replenishment).
Our main Customer is Pharmacies. As of March 2015, there are 5371 registered pharmacies (Pharmacy Board of Australia). Our adopters of the Platform are Users – Patients and their Caregivers.
Over 200 million prescriptions are dispensed every year in Australia (figure from Pharmacy Guild of Australia, 2015) bringing opportunity for ScriptsReady. As the population grows, medication prescriptions has increased significantly and this is estimated at 298 million for the 2016/2017 in Australia (The Australian Department of Health, 2016)
The idea was really born out of our own need. Every month when I visit the pharmacy, I wait in line for the first available assistant who takes my details, then I wait another 20 minutes for the medication to be prepared and then I need to wait in line again to pay for the prescription at the counter.
Joanna working as a Pharmacy Assistant, sees the problem everyday, having first hand experience with the problem of long wait times for dispensing Pharmacy medication. We see a need for change and innovation on how pharmacists can dispense medication more efficiently through the use of technology.
To generate revenue we plan to charge Customers a Monthly Subscription Fee of $50/month per Customer to license the Platform. An additional $0.10 cents will be charged per prescription sent through the Platform.
Paid Customers:• Pharmacies?• Aged Care Homes • Hospitals
To date, ScriptsReady has secured 2 Pharmacies to pilot the Beta version of ScriptsReady.
We are asking for funding to the amount of $10,000.00 to help contribute to building our beta.
We have 2 quotations for building a Beta from a Tech Company – Adaptry, North Sydney) and from Elinext Group – Vietnam. Adaptry quoted $15,000.00 and Elinext Group quoted $10,000.00 the building the beta version of ScriptsReady.