Remedial Health is a wholesale distributor of pharmaceuticals, supplying both large and small healthcare providers with essential medications. The company addresses the inefficiencies in the supply chain by ensuring timely access to a wide range of medicines, thereby supporting patient care and operational effectiveness in the healthcare sector.
Funding
$17.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TFounders
Product
Problem
Pharmacies, patent medicine stores, and hospitals in Africa often face challenges in procuring genuine pharmaceuticals due to fragmented supply chains, leading to stockouts, difficulty managing inventory, and challenges in accessing financing. This can result in increased operational costs and negatively impact patient care.
Solution
Remedial Health provides a digital platform that streamlines pharmaceutical procurement for healthcare providers in Africa. The platform offers a centralized marketplace where pharmacies can purchase pharmaceuticals, medical supplies, and over-the-counter drugs from vetted manufacturers and distributors. Remedial Health also offers inventory management tools, including real-time stock visibility and automated reordering, to optimize pharmacy operations. Additionally, the company provides access to financing options, such as a buy-now-pay-later program, to help pharmacies manage their cash flow and expand their inventory. The platform aims to ensure the availability of authentic medications, reduce procurement costs, and improve the efficiency of pharmacy operations.
Target Audience
The primary target audience includes pharmacies, patent medicine stores, hospitals, health insurers, and HMOs in Africa seeking to streamline pharmaceutical procurement, improve inventory management, and access financing options.
Features
- Online marketplace connecting pharmacies with vetted pharmaceutical manufacturers and distributors.
- Streamlined ordering process with a centralized hub for all procurement needs.
- Inventory management tools with real-time stock visibility and automated reordering.
- Buy-now-pay-later financing options to improve cash flow and enable inventory expansion.
- Mobile app for convenient ordering and inventory management on the go.
- Access to a wide range of pharmaceuticals, medical supplies, and over-the-counter drugs.
- Anti-counterfeit measures, including Mobile Authentication Service (MAS) for private label medicines.
- Virtual doctor service and clinical advice provided to health insurance beneficiaries.