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

Hyundai Motor Group is a world famend vehicle firm, identified for pushing the bounds of expertise and innovation. The corporate has diversified into a wide range of totally different service strains, together with robotics, autonomous driving expertise, knowledge analytics, and manufacturing capabilities, to call a couple of.

In 2021 alone, Hyundai reported practically 3.2+ million unit gross sales globally, up from 2.9+ million items in 2020— indicating an almost 8.1% soar. A lot of this elevated demand and gross sales volumes are because of the firm’s dedication to creating the following era of superior motor automobiles, which boast not solely unbelievable efficiency metrics, but in addition pay homage to the corporate’s general mission in direction of sustainability, affordability, and accessibility.

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

NowRx has already established a big presence in California. The service is simple, per the corporate’s web site: a prescription is shipped to the NowRx workforce; the workforce then confirms supply and collects cost; the treatment is delivered inside hours; and computerized supply for future treatment wants might 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 will’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 Crew defined: “The Group expects this collaboration with NowRx to assist increase our mobility enterprise mannequin past the anticipated business […] 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 Sensible Mobility Options Supplier.”

Nonetheless, the obvious winners on this deal are the communities that will profit from this service. Why is that this partnership and idea essential? As a result of for tens of millions of Individuals, accessing pharmacies and getting prescription drugs on time shouldn’t be a straightforward feat. Not solely are there important transportation and entry points, however for tens of millions of geriatric sufferers that require life-saving drugs, lack of mobility and incapability to really get to the pharmacy is an unparalleled prohibitive barrier to enhancing well being outcomes.

For this reason so many firms try to disrupt this house. Take for instance Amazon, which 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 identical day prescription supply. Quite a few startups are additionally crowding this enviornment, hoping to optimize this service for communities nationwide.

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