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MedAdvisor (ASX:MDR) telehealth and home delivery services now live

Health Care
ASX:MDR      MCAP $170.5M
28 April 2020 04:00 (AEST)

Medication management platform MedAdvisor’s (MDR) telehealth and on-demand home delivery features are now live.

The company said around 1000 pharmacies are now offering delivery to MedAdvisor app patients and, in just two weeks, MedAdvisor has had over 3000 delivery requests and 9000 items ordered for delivery.

This home delivery service enables patients to order, pay for, and request delivery of their medications from the MedAdvisor App

CEO Robert Read said COVID-19 has created unprecedented challenges around the globe.

“In response, MedAdvisor has fast-tracked its development roadmap to launch home delivery and telehealth services to assist patients, pharmacies and doctors through these challenging times,” he said.

“The strong early demand for these new services is extremely encouraging,” he added.

This service was launched to help pharmacies leverage the Federal Government’s recently announced $25 million package to deliver much-needed medications to those at risk in the community.

Malouf Pharmacies Harbourside Pharmacist Michael Inglis says MedAdvisor’s medication delivery has helped him automate and manage the large number of delivery orders he is processing, especially during COVID-19.

“Our workloads have skyrocketed with the demand from COVID-19. Being able to protect our staff by having medication delivered to vulnerable patients keeps people out of our pharmacy while enabling us to still provide a high-level of patient care,” he said.

“The delivery tracking feature is also valuable as it allows the pharmacy and patient to know the status of the delivery in real-time,” he added.

MedAdvisor has a discounted fee for each delivery through Kings (up to a 5-kilometre radius from the pharmacy) to $7.77 during the COVID-19 crisis.

Pharmacies can claim this full amount, meaning it costs the pharmacy nothing to
deliver to an eligible patient, once a month.

The service through Kings went live in Sydney and Melbourne last week.

On market close, MedAdvisor is up 6.02 per cent and is trading for 44¢ per share.

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