Millions of Americans experience delays in medical treatment due to outdated pharmacy systems, contributing to the $600B in annual healthcare cost to the US healthcare system
Current pharmacy software is outdated and operates in silos, which causes increased operating costs for the pharmacy owner, provides zero transparency for patients and doctors, and worst of all, poor quality of patient care.
Automating pharmacy logistics and communications
Rx Delivered Now (RxDN) is a pharmacy technology ecosystem accelerating patient access, visibility, and compliance to medications. Through our platform, we modernize outdated pharmacy systems to streamline and automate workflows, communicate with doctors, and bring medications to a patient’s front door. Our solution improves overall pharmacy operating margins, provides transparency to all care providers, and increases patient access to medications.
Building a new pharmacy technology ecosystem
RxDN is focused on building a new pharmacy technology ecosystem to bring transparency to all healthcare parties involved (patients, doctors, pharmacies, insurers, and regulators), while still delivering the last mile of care for our patients and pharmacy partners. We manage delivery logistics, customer service, and enhance patients' experience with our seamless technologies.
Patients use a mobile app to get notified when their prescriptions are ready at the pharmacy. We send specialized drivers to pick up and deliver prescriptions to the patient’s home within 2 hours. Our app also includes live tracking with an estimated pick-up and delivery time.
8K+ independently operated locations in California
RxDN launched in California—which ranks #1 in the US for total pharmacy locations—with approximately 8K operating pharmacies as of 2020, of which over 2K are independently/regionally owned and operated. We have initial traction in the Inland Empire with plans to scale out operations and sales efforts to Orange County, Los Angeles, San Diego, and back north to the San Francisco Bay Area.
We currently have 14 pharmacies paying an average of $500 monthly subscription with annual licenses, and are growing both revenue and delivery volume by 135% month-over-month as of end of May 2021.
22K independent & regional pharmacy locations in the US
The ideal client persona would be independent and regional pharmacy owners currently doing 500 deliveries monthly. Across the US, this customer base demographic accounts for 22K+ locations.
Targeting $13M in revenue from deliveries after 2 years
RxDN offers a passthrough fast, reliable, and professional prescription medication delivery service via our courier partners. Our current revenue model is to partner with pharmacies at base monthly subscription of $500/month for our software. In phases 2 and 3, we are growing our revenue sources to include our logistics hub and prescription services.
5B prescriptions by 2025
Based on directing prescriptions to RxDN’s pharmacy partners, we can capture $3.2B of the $264B industry with 88K US pharmacies, of which 22.5K are independent.
Transforming community pharmacies from dispensary to care providers
RxDN goes beyond delivery by offering a comprehensive solution focused on patient care. Unlike our competitors Scriptdrop and NimbleRx, who solely focus on last mile delivery, our logistic platform equips pharmacies with modern technology solutions to give pharmacists more time to care for their patients.
45 new pharmacy locations quarterly
RxDN plans to acquire 45 new pharmacy locations per quarter and integrate with the top 5 largest pharmacy software platforms. We will partner and integrate with 3rd party delivery companies, traditional shipping hubs, and medical courier services. Future markets include Texas and Florida, which are 2nd and 3rd in the US for total number of pharmacy locations, respectively.
Seeking funds to fuel expansion
We are currently bootstrapping and raising funds to fuel our growth and expansion. We will use the funds to hire more developers, build out our go-to-market team (Sales, Customer Ops, Dispatch), operational costs to fuel our current Rx Delivered Now drivers, and General & Administrative.