E-Pharmacy Platform
Some time ago, eBay changed the world, creating one of the
first online marketplaces. Of course, so did Amazon with its efficient
distribution network. Now, people can purchase almost anything
online, and in recent years, that has included startups forming a
marketplace for the online purchase of medicine. Much like eBay,
platforms for the purchasing of meds online have continued to
evolve. PharmEtrade, a platform developed by UPN, seeks to enter
that marketplace. Founder and CEO of UPN, Sam Maddali, created
PharmEtrade, in order to solve the problem of the high costs of
medication. Sam was a pharmacist by trade and could clearly see
the problem in the marketplace. Enter, PharmEtrade.
There are some great new ideas coming out in the online world
of medicine. There are now online pharmacies, that seek to transform
telehealth. Congruently, there are new platforms to purchase meds
online. Whether you are a pharmacist, or simply a patient, there are
many new options available. Billionaire Mark Cuban, has started his
own online pharmacy space, known as Cost Plus Drugs. His goal was
to change the way people obtain, as well as pay for medications.
Trends such as online pharmacy, may negatively impact the
independent pharmacist, as patients can get treatment from the
comfort of their own homes. However, things such as online
pharmacy and online marketplaces can benefit the local pharmacist
if they are willing to adapt. A pharmacy can begin its own “telehealth”
programs, as well as purchasing medications from online
marketplaces such as PharmEtrade. UPN’s PharmEtrade seeks to give
access to quality medications, and at competitive pricing. Mark
Cuban, and models like Cost Plus Drugs, are hoping to level the
playing field when it comes to big pharma, and with PharmEtrade,
that field will be more accessible to the independent pharmacist.
For a long time, big pharma companies have made billions of
dollars by controlling the marketplace. Improvements over the years,
have allowed for the further assistance of both the patient, and the
practitioner. With PharmEtrade, an independent pharmacist can bid
on, buy, and sell medications. The goal of PharmEtrade, is to connect
pharmacies across the country, creating an open exchange.
However, it does not end there. The future of medicine will allow for
the fair pricing as well as fair access to much needed medication.
Online pharmacies, and medication marketplaces, such as
PharmEtrade, will disrupt the market of an important, and costly,
industry.