Business
Mednow releases Caregiver feature suite in its latest product update for the company’s web, IOS and Android applications; Mednow announces completion of Convertible Debenture Financing
Mednow releases Caregiver feature suite in its latest product update for the company’s web, IOS and Android applications; Mednow announces completion of Convertible Debenture Financing.
About this update from Mednow Inc.
[{"type":"text","content":"\nMednow Inc. (TSXV: MNOW) (OTCQX: MDNWF), Canada’s on-demand virtual pharmacy has launched its largest technology release to-date.\n\nAt the core of the new product upgrade is the new caregiver feature suite. The caregiver feature suite allows users to add dependents to their account, making it easier for caregivers to manage the medication and healthcare needs of their loved ones. This will be useful for caregivers to keep track of medication schedules, refill prescriptions, manage prescription deliveries, and consult with a clinical pharmacist relating to the care of their loved one.\n\nBy offering this feature suite, Mednow is providing a much-needed solution to a growing need in the Canadian market, particularly among the aging population.\n\nAdditionally, this feature creates a unique opportunity for Mednow to deepen its synergies with Medvisit, which specializes in providing doctor visits to geriatric patients. As a growing segment of this market consists of patients who are homebound, the caregiver feature set will allow caregivers to easily manage medication reconciliation and delivery, without either party ever needing to set foot in the pharmacy.\n\n“I am very proud of our technology team for their work on this major product release,” said Ali Reyhany, CEO and Co-Founder of Mednow. “This feature is the latest improvement of our proprietary technology that was engineered to provide an ideal virtual pharmacy experience. When combined with the adherence solutions and clinical services Mednow provides, we believe we have a unique and unmatched offering for elderly Canadians and their caregivers. Having spent over 15 years in the pharmacy industry in Canada as a pharmacist myself, I saw first hand that it was often the children or loved ones of those on multiple medications who had to deal with the prescription management for their parents.”\n\nMednow will launch a comprehensive fee-based elder care product in partnership with existing and expanding distributors, plan administrators, and payors later this year. This benefit is rapidly gaining popularity in Canada and is a standard offering in many US corporate plans.\n\nOur product combines virtual and at-home care, caregiver medication management, delivery and adherence solutions all in one application, making it an excellent solution for wor...