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MedAdvisor March 2018 Quarter Report

Announcement posted by MedAdvisor International 01 May 2018

PlusOne – Driving Pharmacy Engagement
MedAdvisor’s PlusOne is the leading patient engagement software for Australian pharmacies. Installed at over 50% of Australian pharmacies, PlusOne enables patients to digitally connect to their pharmacy via App, web, SMS and land line (IVR) for medication ordering and management and to access health services related to their medication. 

Globally, pharmacists are finding ways to participate more actively in driving improved community health. One of the ways this is being achieved is via the offering of health services, that also provide an important new revenue stream. For example, pharmacies are an important complement to other providers in the provision of flu vaccinations, helping to increase the rate of vaccination across the community, which last year was 1 in 5 people aged between 18-64. 

PlusOne integrates a health services marketplace that simply connects pharmacy patients to these types of health services. It identifies relevant health services for each patient, makes it simple for pharmacies to invite and enrol their patients and simplifies the recording process needed to claim the service fees. 

Funders of health services programs can include government, pharmaceutical manufacturers and other healthcare providers and funders or in some cases, the patient themselves. For example, the Australian Government funds $1.26b worth of services for pharmacies to deliver to their patients via the 6th Community Pharmacy Agreement. Historically, the complexity and hassle associated with providing these services has resulted in many eligible patients missing out. By making the provision of these services simpler, MedAdvisor enables pharmacies to increase the level of service provision improving community health and improving their revenues at the same time. 

MedAdvisor now includes non-government health services programs. From May, eligible patients can be offered any one of 40 programs at participating pharmacies, including flu vaccinations, MedsChecks and programs relating to quality use of medicines. 

MedAdvisor network pharmacies are responding positively to the new capabilities. Over the period since July 2017 MedAdvisor has seen growth of 24% per month in pharmacies using PlusOne and the volume of services delivered over PlusOne grow by 43% per month. 

Robert Read, CEO of MedAdvisor commented: “This quarter we have seen a great response from Australian pharmacies in relation to our PlusOne platform and the take up of health services programs including flu shots, MedsChecks and a range of other programs. MedAdvisor’s software has been further improved to deliver even more value to our pharmacy partners which is helping increase our pharmacy network and driving further revenue for MedAdvisor.”

For more information: 
Jennifer Duraisingam 
Corporate Communications Manager 
Tel: +61 3 9095 3036 
jenniferd@medadvisor.com.au 

About MedAdvisor:

MedAdvisor is a world class medication management platform focused on addressing the gap and burden of medication adherence. Founded with a desire to simplify medication management, the highly automated and intuitive Australian software system connects patients to their local pharmacy, providing them with real time access to their personal medication records. Available free on mobile and internet devices, the platform also incorporates a variety of valuable and convenient features including reminders and preordering of medications, which together improves adherence by approximately 20%. 

Since launching in 2013, MedAdvisor has welcomed over one million users through its connections with ~50% of pharmacies across Australia.