Nick identified that there was an issue with patient’s abandoning their medications when hitting a roadblock at the pharmacy. The data showed around 25% of patients that leave the pharmacy without medication, don’t come back to pick it up. Nick talked to Larry about this issue and they worked together to devise a solution.
Nick and Larry left their comfortable jobs to set-out to focus solely on building ScriptDrop.
Applied and was accepted to a Google Health event and was chosen as the company that was going somewhere.
Scriptdrop partnered with Breakaway Courier and BestRx pharmacy system. The integration through BestRx communicates directly with Breakaway through a click of a button.
ScriptDrop launched in New York City!
Finished an integration with a courier platform that gives ScriptDrop the ability to deliver in 42 states.
Two pharmaceutical manufacturers approached ScriptDrop about working with them.
Partnership executed with eRx to be set-up as a payer. ScriptDrop now has its own BIN (billing identification number), so pharmacies can submit claims directly to the ScriptDrop BIN to queue up a delivery. This allows any of the 67,000 pharmacies in the U.S. to use ScriptDrop’s delivery, without an integration.
The idea for Med Reminders was born. Nick and Larry kept hearing clients ask, “now that you are solving abandonment, how do you solve adherence?” Nick and Larry decided that they could use the same technology to allow the patient to receive daily medication reminders. The patient does not have to download an app, or enter all of their details because of the integrations with the pharmacy systems, ScriptDrop has the data.
Med Reminder development began in Elixir. This allows the program to easily scale.
Started to work the VC roadshow for funding.
Completed round with Rev1, M25, and Jumpstart Foundry. Raised around one million dollars to execute the big vision.
Nick and Larry began exploring the use of blockchain technology to build out the ScriptDrop patient network and to give the patient control of their own data. They had previously built a blockchain app and both knew the technology could improve healthcare.
Hired, Amanda Way. Amanda worked with Nick and Larry at their previous employer, and came with tons of contacts in the pharmaceutical manufacturing industry. Amanda started to approach her contacts and tee-up meetings. Also executed a partnership with another healthcare company, Updox. Press release can be found here.
Hired, Derek Schneider. Derek is a skilled Ruby on Rails, Java, and Elixir developer. Derek has also worked for a large healthcare company, therefore the experience will be easy to apply with the ScriptDrop solutions.
Began pharmacy pilot for Med Reminders.
After months of planning, ScriptDrop announced their token sale. Nick and Amanda to speak at blockchain conference in NYC.
Nick to speak at a blockchain conference in Barcelona, Spain. ScriptDrop will also be the first healthcare company to buydown a prescription co-pay, through the use of app tokens. The transaction will post on the Ethereum blockchain.
Token sale launches.
Have 7 pharma contracts executed. Scale prescription delivery to 20 states. Have 250,000 interactions with patients through Med Reminders.
Launch Med Reminder solution with HuliHealth in Latin America. Work with Anca (token sale advisor) on getting into the French market. Scale prescription delivery to 25 states. Have another 5 pharma contracts executed
Launch solution in France. Cross the 1,000,000 threshold for patient interactions through Med Reminders. Have a fully functional, patented prototype of our Smart Pillbox and begin working on lining up production.
Through either Prescription Delivery or Medication Reminders, ScriptDrop will have worked with 15,000 pharmacies across the U.S. Cross the 2,000,000 interaction for patient interactions through Med Reminders Have executed contracts with 20 pharma companies and 100 different pharma brands
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