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    Tips on how to Put money into the Tech-Powered Pharmacy That Goals to Upend the $480B Retail Business

    Disclosure: Our purpose is to function services that we predict you will discover attention-grabbing and helpful. If you are going to buy them, Entrepreneur might get a small share of the income from the sale from our commerce companions.

    Amazon can carry nearly something from an air mattress to a Nerf gun to thumbtacks proper to the doorstep inside 24 hours. GrubHub can land potstickers or sandwiches or a recent salad there in a matter of minutes too. So why can’t you get a dependable and quick door-to-door supply on one thing you would possibly really want? One thing like…pharmaceuticals?


    That is the place NowRx is available in. The tech-powered pharmacy chain affords a easy, hassle-free approach to get your prescriptions delivered in hours at no additional price. Based in Northern California, NowRx has steadily grown to eight areas and over $25M in annualized income as of November. The corporate is poised for speedy nationwide enlargement and enlisting traders who see the promise of disrupting the $480 billion retail pharmacy trade. 

    The important thing to NowRx’s success? Proprietary software program and robotics plus minimal overhead expense that  finally results in a superior buyer expertise.

    And that superiority is supported by each sufferers and docs. The place different pharmacy supply rivals have garnered an alarming variety of 1-star Yelp critiques (Amazon Tablet Pack at 80 % and Capsule at 32 %) NowRx has acquired 1-star critiques lower than 1 % of the time. All eight of NowRx’s areas maintain a 5.0 score from Yelp reviewers.

    The NowRx mannequin is easy. It begins with sufferers or docs sending a prescription to their native NowRx — the identical as they’d another pharmacy. Nonetheless, in contrast to different pharmacies that use guide processes and older software program, NowRx makes use of a proprietary pharmacy administration software program “QuickFill” and dishing out robotics to obtain, course of, bottle, and dispense the prescription in underneath 30 seconds — all whereas minimizing errors that produce delays like insurance coverage points, miscommunication with physicians, and so forth. 

    As soon as NowRx confirms your order and handle, they provide free supply proper to a affected person’s house. It’s promised to be in your doorstep in two to 4 hours, or inside simply 60 minutes for a $5 expedited order. In the meantime, the client solely pays their insurance coverage copay to obtain that additional helpful house supply.

    This service has already generated curiosity for the corporate’s funding rounds, as greater than 10,000 individuals have bought shares since they grew to become out there on SeedInvest in 2016. Over that point, NowRx’s share value has elevated 1,650 % and it seems like there may very well be much more room to develop, the corporate says.

    In 2021, NowRx additionally expanded their choices to incorporate telehealth providers that present promising development. From Q1 to Q3, income from telehealth providers alone noticed 1,081 % development offering one other vital development avenue, the corporate says. 

    NowRx seems poised for continued development and will provide some traders a promising alternative as they give the impression of being to develop nationally. The corporate is elevating a report $73M by fairness crowdfunding on SeedInvest and Investor Place not too long ago highlighted the corporate as 1 of the 7 Finest Startups to Purchase Now From Throughout the Web.

    You can too be taught extra about the NowRx funding alternative by the corporate’s funding web page right here. 

    NowRx is providing securities by using an Providing Assertion that has been certified by the Securities and Alternate Fee underneath Tier II of Regulation A. A replica of the Last Providing Round that types part of the Providing Assertion could also be obtained from: NowRx

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