...Said 90% of the population over the age of 65.
Fresh off a recent $4mm round of funding and launch, PillPack aims to make this question cease to exist.
Quick overview for those who aren't aware of what the company does: You pay PillPack a small fee, and they will fill your prescription, sort the pills, and package them up into tiny pill packs (get it, PillPack, get it?) that then get delivered to your house. Written on each pill pack are the contents, as well as the day/time that you should take those pills. Bada Bing, Bada Boom. Watch the video on their website if you didn't follow a word of what I just wrote. (https://www.pillpack.com/)
I'm really bullish on this company for several reasons:
- They are from Boston (whattup 617);
- If we can eliminate the need for prescription medications to be held in pharmacies, we can eliminate a lot of the tragedies that have been caused by nutjobs that go into CVS and rob/kill people for their next fix of oxycontin;
- They make it easy for their customers to seamlessly order and manage their prescriptions (all with 24/7 customer support) - because who in their right mind likes to wait at the pharmacy and run into a bunch of people that you know...which brings us to my next point;
- Discretion... "Mr. Anderson, your Viagra prescription is ready...and did you want to pay for these extra-snug condoms here, or at the front desk" ...enough said; and finally
- I don't know the exact statistic, but there have to be a number of people each year who overdose on pills because they have forgotten that they already took the allotted amount for that particular day.
Things that I want PillPack to think about going forward:
- Get licensed in all states (they are currently licensed in 31)
- Figure out a way to prevent substance abuse - currently nothing prevents somebody from opening each pill pack and taking only the Vicodin out of there, and then taking all the Vicodin at once - just a thought
- This is a general industry observation, but maybe PillPack could be the pioneer... Integrate prescriptions into patient's medical records - how come every time I go to a doctor they ask me if i'm taking any prescription medication - shouldn't this all be in my file somehow? Its 2014 already...
Having said all of that, I think this company is going to absolutely take off - I'll definitely be signing my Bubbie up for this.
Questions/Comments/Concerns?
Twitter: @MaximSpiegel | Email: MaximSpiegel@gmail.com
