IMPACTMeds company logo
Like Food Stamps for Increasing Medication Adherence1-10 Employees
  • B2C
  • B2B
  • Early Stage
    Startup in initial stages
Website
Location
Company size
1-10 people
Total raised
$90K
Company type
Startup
Markets
Health Care Information TechnologyMobile HealthMedication Adherence
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IMPACTMeds careers

Like Food Stamps for Increasing Medication Adherence
Drug manufacturers and insurers can solve their medication adherence problem with a swipe of a card. Essentially, IMPACTMeds is offering a coupon program to address the $100Bn plus losses for both stakeholders. They provide MedCredits to select patients to increase adherence and profits. Patients shop and redeem MedCredits to get adherence solutions FREE at pharmacies and online. (e.g. extra time with pharmacists, pillboxes and reminder systems, etc.)

When MedCredits are redeemed, IMPACTMeds coordinates all the transfer money from payers to 65,000 community pharmacies and online adherence solutions. IMPACTMeds collects a percentage on redemption dollar value.

Administrative fees could achieve similar number to food stamps businesses powered by Xerox's and J.P. Morgan's and we are in due diligence with a Fortune 50.
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Sunit Gala
Avatar for Sunit Gala
Founder and CEO at Blisstering Solutions
Laurence Berger
Avatar for Laurence Berger
Founder IMPACTMeds
Nidhi Sharma
Avatar for Nidhi Sharma
Manged $8 million business for GE Healthcare. I'm an MBA & a Nurse. Have done Marketing, Biz Dev and Product Management. Co-organizer Health 2.0 Silicon Valley.
Gopi Mamidipudi
Avatar for Gopi Mamidipudi
Founder: Education & Technology companies, Trustee MV Foundation: an education and social inclusion NGO
David Parpart
Avatar for David Parpart
Founder of 3 Tech Startups and Health2.0 Silicon Valley. Winner of 4 Innovation Awards. Biz Dev, Strategy, Product Design, Financial Modeling and Team Building.
Total raised

$90K

Funded over

1 round

Latest round

Seed (May 2012)

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