Coronavirus Gives Push to Telehealth
As the Coronavirus pandemic gives push to Telehealth, Vertical Telehealth services rise to cover specific fields in medicine and public health.
CheckMyMeds Launches to help people avoid drug interactions and solve medication related problems to serve a population that takes more than 3 medications on regular basis; The average number of medication taken by 65+ years old Americans is 5.
"Adverse Drug Reactions can be caused by drug interactions, food interactions and interactions between drugs and medical conditions."
Medication Therapy Management, or MTM, is a checkup for people who take multiple medications and are at risk of having an Adverse Drug reaction. “Adverse Drug Reactions can be caused by drug interactions, food interactions and interactions between drugs and medical conditions” says Wilson Tam, Pharm D. "Medication related problems can be a result of an interaction, but also when taking medication we no longer need to take, taking medications at the wrong time, taking the wrong dosage and of course forgetting to take important medications", Tam adds.
The CheckMyMeds online service offers a drug interaction checker that checks for drug, food & medical condition interactions, and after processing a patients input, provides a report showing all potential hazards.
Following the report, patients can consult with a clinical pharmacist using Telehealth, and be advised about potential side effects, safety of their medication combination, dosing, and even alternative medications due to shortage of their medication or a cheaper alternative they can use.
"We developed this service after my mom had a life threatening adverse drug reaction to a medication she had been taking for 15 years."
“We developed this service after my mom had a life threatening adverse drug reaction to a medication she had been taking for 15 years” says Yuval Eyal, CheckMyMeds CEO. “We identified a market which is underserved with millions of elderly patients and chronic patients who take multiple medications and have nowhere to go to solve medication related problems such as side effects, dosing, disease contraindications and of course drug-drug interactions.”
Current Medicare plans offer medication consultation only to patients who pass a strict eligibility criteria, leaving millions of people with no cover for medication safety checks and medication consultation. “While helping people avoid adverse drug reaction, our work also helps the entire healthcare system to reduce preventable hospitalizations and ER visits and save money to the stake holders paying for them.”
While the U.S is still under the shockwave of the Covid-19 pandemic, and while some U.S cities hold curfews as a result of demonstrations, the first to suffer are the elderly who are denied access to healthcare as they are afraid to leave their homes. This population is also less likely to adopt Tele Health services as these usually require an installation of a plug in, use of Camera etc.
CheckMyMeds Telehealth is also provided via the Telephone, a communication service that has 100% penetration rate among elderly households, one they can easily operate.
Mydimed (operating CheckMyMeds) is one of Samurai's portfolio companies; want to join the family? Apply for an investment today! https://www.samurai-incubate-israel.asia/investments