Hyundai’s Inaugural Move Into Healthcare: Enabling Prescription Drug Delivery

Hyundai Motor Group is a world famend car firm, recognized for pushing the bounds of expertise and innovation. The corporate has diversified into quite a lot of completely different service strains, together with robotics, autonomous driving expertise, information analytics, and manufacturing capabilities, to call a number of.

In 2021 alone, Hyundai reported almost 3.2+ million unit gross sales globally, up from 2.9+ million models in 2020— indicating a virtually 8.1% bounce. A lot of this elevated demand and gross sales volumes are as a result of firm’s dedication to creating the subsequent technology of superior motor automobiles, which boast not solely unimaginable efficiency metrics, but additionally pay homage to the corporate’s total mission in direction of sustainability, affordability, and accessibility.

Now, in its newest enterprise, Hyundai is taking considerably of an unprecedented step for a conventional automobile firm: delving into healthcare supply. Its newest transfer is a partnership with NowRx, a California primarily based pharmacy/prescription supply and healthcare providers firm, to allow novel prescription supply strategies.

NowRx has already established a big presence in California. The service is easy, per the corporate’s web site: a prescription is distributed to the NowRx crew; the crew then confirms supply and collects fee; the treatment is delivered inside hours; and automated supply for future treatment wants could be simply organized. Certainly, the service is seemingly handy and hassle-free.

Now, at the side of Hyundai, the startup can increase its horizons. In a press release, Cary Breese, CEO and Co-Founding father of NowRx discusses: “Autonomous automobiles are a part of our long-term strategic imaginative and prescient for NowRx to additional cut back supply prices at scale […] We are able to’t think about a greater firm to work with than [Hyundai], which has demonstrated substantial management within the autonomous car, and different robotics and automation areas.”

Congruently, Hyundai is venturing into a brand new, beforehand untapped market. Minsung Kim, Vice President of Hyundai Motor Group and Head of the Open Innovation Technique Workforce defined: “The Group expects this collaboration with NowRx to assist increase our mobility enterprise mannequin past the anticipated trade […] We imagine a brand new alternative with the technologically revolutionary e-pharmacy NowRx, that uniquely integrates pharmacy administration and supply service, helps our motion towards Good Mobility Options Supplier.”

Nevertheless, the obvious winners on this deal are the communities which will profit from this service. Why is that this partnership and idea necessary? As a result of for hundreds of thousands of People, accessing pharmacies and getting prescription medicines on time is just not a simple feat. Not solely are there vital transportation and entry points, however for hundreds of thousands of geriatric sufferers that require life-saving medicines, lack of mobility and lack of ability to really get to the pharmacy is an unparalleled prohibitive barrier to bettering well being outcomes.

For this reason so many corporations are trying to disrupt this area. Take for instance Amazon, which just lately launched its personal prescription delivery service, promising “low costs on treatment, free supply, and pharmacists on-call 24/7.” Walgreens additionally provides a similar service, offering similar day prescription supply. Quite a few startups are additionally crowding this area, hoping to optimize this service for communities nationwide.

Undoubtedly, as soon as this service is perfected, all events stand to achieve considerably: whether or not or not it’s the creation of recent enterprise alternatives for established gamers, increasing partnerships for the startups concerned, or the availability of a particularly well timed and precious service for sufferers in communities nationwide, the idea stands to turn out to be a optimistic addition to the healthcare area.