No one could have imagined that it would be possible to consult a doctor virtually and receive a prescription via email a decade ago. But today, this is a reality.
Everyone hates going to the doctor, but now the doctor can come to them. The bring-it-to-me economy started with Amazon, then DoorDash and now Mednow.
Mednow Inc.’s (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) new telemedicine and prescription delivery service is changing the way people visit their doctor and pharmacy.
Mednow Inc. is the only Canadian publicly traded company combining virtual care and home visit programs with its pharmacy system to present an omnichannel holistic care strategy for patients.
Based on recent investment statistics, investors appear to be looking at the writing on the wall and seeing that this is one of the very few industries where true innovation is happening.
Picture this:
Imagine making an appointment online and then talking to your doctor through a phone call or video call to get a prescription for your treatment.
Then fill your prescription immediately with Mednow’s pharmacy and receive it the same day.
Can you imagine something simpler and more effective?
6 Reasons Why Mednow (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) is a Telehealth Company Worth Looking At
- Same day delivery using a contact list, free, delivery system of prescriptions right to your front door.
- Mednow Inc. (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) has acquired Medvisit to provide Dr home visits for acute and episodic illness and treatment.
- Mental health matters too. Mednow acquired an equity interest in Life Support Mental Health and therefore, indirectly benefits from its Mental Health Check program, thereby contributing to its goal to cover patients holistically from the physical, to the mental.
- Digital-first. Mednow (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) has a user-friendly interface for easy upload, transfer, and refill prescriptions. This is beneficial in a digital-first era.
- Details. PillSmart medication management system is an easy-to-use pouch sorted by day and date so that patients can organize their pills by dose easily.
- To simplify even further, Karie is a home personal health companion that uses one-button technology to organize schedules and dispense pills so patients know that they’re taking the right meds at the right time.
How About A Deal?
Mednow Inc. (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) stock is sitting at C$1.15, close to support at C$1.25, and has plenty of room to move to the upside. The first level of resistance is at C$2.05, which it has broken and tested before. A break through that level would mean a test of C$2.71 in the future, and a possible run further back to all-time highs as the good news continues to come in.1
Investors have seen the market settle more as telehealth services become a normal part of peoples’ lives. That means the future could be full of dependable clients coming back time and time again for their care and prescriptions.2
Mednow Inc. Goes on an M&A Tear
Mednow Inc. (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) has also been on an acquisition spree. On September 22, Mednow acquired Mednow West which was a pharmacy agreement partner. The acquisition brought the pharmacy under Mednow’s ownership completely, meaning pharmacy delivery services are provided directly by the company in British Columbia.3
But hold on, because that’s nothing compared to the next one.
MedVisit is Canada’s largest, and longest-standing doctor home visit provider. Mednow bought that too.
The last fiscal year saw Medvisit provide approximately 30,000 patient home visits.
Another investment in Life Support Mental Health allows Mednow to indirectly benefit from Life Support Mental Health’s Mental Health Check service.4
The company supports the provision of mental health services when people need it most with a simple video call from the comfort of their home. Considering anxiety and depression are some of the most common afflictions in the US due to the global pandemic, that has the potential to be just as big as all the rest!
There’s no going back for clients who have discovered the wonder of telehealth. But most companies are only taking care of one portion of this critical service. Mednow does it all, from home visits to telemedicine consultations, to virtual pharmacy services, and even mental health services.
Don’t hesitate. Do your research and get more information about Mednow (TSXV:MNOW)(OTCQB:MDNWF)(TSXV:MNOW), (OTCQB:MDNWF) by clicking here.
1 “While this is a possibility, it is subject to a number of risks and uncertainties and there is no guarantee that it will occur.”
2 “While this is a possibility, it is subject to a number of risks and uncertainties and there is no guarantee that it will occur.”
3 https://www.businesswire.com/news/home/20210922005190/en/Mednow-Enters-Into-Agreement-to-Acquire-a-Pharmacy-in-British-Columbia
4 https://www.businesswire.com/news/home/20210712005212/en/Mednow-Invests-in-Life-Support-Mental-Health-Inc.-and-Signs-Non-Binding-Letter-of-Intent-to-Acquire-Complementary-Medical-Operation
5 https://www.businesswire.com/news/home/20210915005098/en/Mednow-Launches-Mednow-Virtual-Care
6https://www.mobihealthnews.com/news/digital-pharmacy-mednow-launches-telehealth-service
7https://www.businesswire.com/news/home/20210928005203/en/Mednow-Announces-Executive-Appointments-to-Accelerate-its-Institutional-Services-Business
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