RxSpark

The Family Health Platform

About

There are over 60 million uninsured in the US. Additionally, 60% of insured have high-deductible plans with poor prescription coverage. 1 in 3 prescriptions issued by doctors are not collected at the pharmacy – that is 3 billion prescriptions a year. This means $10bn for the industry.

Furthermore, the average American spends $1,500 annually on products that relate to their drugs and conditions at 65% gross margin. There are 22 people between the manufacturer and the patient, each increasing pricing incrementally.

RxSpark has built a healthcare platform that is inexpensive and easy to use, and that combines products, strategic services, pharmacy discounts and mail order pharmacy.

We are focused on increasing our reach to healthcare consumers, to offer them products, services and pharmacy discounts, via the following strategies:

  • Enterprise for Community Pharmacies – 20,000 community pharmacies that can earn from selling products and pharmacy discount to their patients, and driving new customers to their pharmacies.

  • Stark-Compliant Shop for Physicians, Dentists and other Healthcare professionals – a unique way for doctors to earn from the sale of products, while allowing product suppliers to gain direct access to consumers. We have an exclusive arrangement with Henry Schein for the dental market with 180,000 dentists and their patients.

  • White Label Sites – we have signed partnerships with NASCAR and HMT (74 million users with 200 points of data), which increases the number of users of our platform.

Summary

RxSpark is focused on expanding our unique distribution model to users and their friends and family as follows:

  • Focussing on community pharmacies

  • Launching our unique ‘Stark Compliant Shop’ with Henry Schein to its 180,000 dentists and their patients

  • Expanding the ‘Stark Compliant Shop’ to doctors and other healthcare professionals

  • Working with our white label partners to effectively market to their users

  • Effectively market our ‘Network Reward Program’ to incentivize users to buy on the platform and to share with their family and friends. This increases our network reach

 Leveraging our strong user-base, we will integrate a limited number of strategic partners into our platform, including:

  • Service providers

  • Product partners

All the above drives viral referrals and entrenches RxSpark into everyday care.