In a bid to streamline operations for neighbourhood pharmacies and Proprietary Patent Medicine Vendors (PPMVs) across Africa, Nigerian e-health startup Remedial Health has unveiled an updated version of its customer-facing app. This app is not just an upgrade; it's designed to function as an operating system tailored to meet the unique needs of healthcare providers in the pharmaceutical value chain.
A Trailblazing Journey
Founded in 2020 by Samuel Okwuada and Victor Benjamin, Remedial Health has been at the forefront of developing technology solutions aimed at enhancing access to affordable and authentic retail medicines, consumables, and medical devices from manufacturers and distributors. Participating in the prestigious Y Combinator accelerator program in 2022, the startup secured pre-seed and seed funding rounds, followed by an impressive US$12 million in equity and debt funding in the subsequent year.
The All-New App
The latest iteration of Remedial Health's app introduces several groundbreaking features. These include a digital point-of-sale (POS) terminal for seamless payment collection, virtual business accounts for efficient payment reception, and an in-built barcode scanner for recording product sales. Moreover, the app facilitates store-switch functionality, allowing healthcare providers to manage multiple stores effortlessly. It also offers robust inventory management solutions, enabling easy restocking and identification of short-dated products.
Empowering Decision-Making Through Data
One of the standout features of the app is its comprehensive financial reporting capabilities, empowering healthcare providers to manage profit and loss effectively. Additionally, the app provides valuable data analytics to inform strategic decision-making, thus driving business growth and profitability. Tailored specifically for the unique challenges faced by healthcare businesses in Africa, these features are poised to revolutionize pharmaceutical operations across the continent.
A Vision for Empowerment
Samuel Okwuada, CEO and co-founder of Remedial Health, emphasized the startup's commitment to empowering frontline healthcare providers. He stated, "Neighbourhood pharmacies and PPMVs represent the frontline of healthcare delivery in Africa... Our mission is to empower these essential service providers with the tools they need to manage day-to-day operations and seamlessly run their practices effectively."
Driving Success and Impact
In 2023 alone, Remedial Health made significant strides, selling over 300 million individual packs of medicines to 7,500 hospitals, neighbourhood pharmacies, and PPMVs across Nigeria's 36 states. Notably, its customers witnessed a remarkable 30% increase in profits on average, gaining access to over 8,000 vetted products at competitive prices. This underscores the tangible impact Remedial Health is making in enhancing access to quality healthcare products while driving financial sustainability for healthcare providers.
Transforming Healthcare Delivery
As Remedial Health continues to innovate and expand its reach, the unveiling of its new app marks a significant milestone in the journey toward transforming healthcare delivery in Africa. With its user-centric approach and commitment to empowering healthcare providers, Remedial Health is poised to shape the future of pharmaceutical operations and contribute to improving health outcomes across the continent.
