Healthcare Tech Startup VaidyaRx Launches Unique Patient-Centric Mobile App Offering Patients, Physicians and Retail Pharmacies a One-of-a-Kind Platform That Solves Prescription Compliance and Compliance Challenges .
By actively involving the patient and healthcare providers, it aims to streamline the patient-doctor-pharmacy loop, thereby generating value for all three stakeholders. With this unique service, they projected over $2 billion in revenue in their 5-year financial projection, apart from the transformational social impact it will bring to India’s healthcare system, the startup said.
India’s doctor to patient ratio is highly skewed and estimated at 1:834. This is only part of the problem.
“Follow-up care after a patient is discharged from hospital is often overlooked and plays a critical role in patient recovery, which directly impacts healthcare outcomes. diagnostic. VaidyaRx solves these problems by combining its digital innovation with the power of localized pharmacies and existing provider ecosystems,” he said.
Tarun Gupta, Founder and CEO of VaidyaRx, says, “Our long-term vision is to empower patients with their personal health and take control of their medical data, better educate them about their diagnosis and related issues. to prescription. Additionally, local pharmacies can leverage our platform to engage with their customers and see a sustainable increase in revenue and stay competitive. Patients can also post reviews and comments on the services of pharmacies and doctors. »
Prakash Thakur, co-founder and president of VaidyaRx envisions “We have large datasets and we will leverage our artificial intelligence capabilities to gain additional actionable insights, decipher side effects of multiple drugs, predictions and prognosis of various chronic diseases plaguing India. We are also seeking to raise $2.5 million in funding from investors, to fuel our research and development and deploy future product developments.
First post: STI