The use of prescription delivery apps in Chicago is rapidly shifting the face of the healthcare and pharmaceutical sector within the region. With the help of today’s innovations, patients can have their medication shipped directly to their homes.
In addition, it offers a streamlined, effective, and individualized approach to healthcare. Listed below are the popular prescription delivery apps in Chicago.
These apps operate on diverse business models. Large pharmacies are developing their own applications to serve as go-betweens for their customers and the pharmaceutical industry.
Best Online Prescription Delivery Apps in Chicago For Entrepreneurs
The increased demand for such apps is a big contributor to the projected $206 billion value of the e-pharmacy industry by 2028.
Here are details about the founders, inception, funding and business models of the best prescription delivery apps in Chicago preferred by the residents.
NowRx Pharmacy
Founder: Cary Breese.
Inception and Total Funding: Founded in 2015. Funding, $79.2 million.
Business Model: A comprehensive healthcare offering, including online consultations and delivery of prescriptions, is part of the integrated business model adopted by NowRx. They generate revenue from the sale of prescription drugs, fees for consultations, and commissions from the income of in-house medical personnel.
Unique Selling Proposition: NowRx’s innovative, technology-driven, mobile-first medicine delivery approach makes it stand out in the pharmaceutical industry. Next-day prescription shipping means you won’t have to waste time waiting in long pharmacy queues. In addition, the company wishes to challenge the retail pharmacy sector by installing prescription drug dispensing terminals in low-cost drug warehouses.
Brief of App with Revenue Details: Users can have their medicines delivered the same day they order them with the NowRx app. NowRx differentiates from the competitors because it makes money not from high-margin storefronts but from delivering medicines. The company’s last reported earnings were $13.4 million in 2022.
Nurx
Founder: Hans Gangeskar and Dr. Edvard Engesæth.
Inception and Total Funding: Founded in 2015. Funding, $115.92 million.
Business Model: The Nurx digital health firm focuses on DTC (direct-to-consumer) operations. Their primary source of revenue comes from charging fees from their corporate partners and insurance companies, with limited fees charged on their individual consumers for medical consultation. With the help of their network of labs and pharmacies, they ensure to meet the demand for diagnostic services.
Unique Selling Proposition: What makes Nurx stand apart is the company’s commitment to reducing healthcare costs and expanding access to contraception. Taking advantage of the convenience of digital health services, the company has created a system for delivering prescriptions via direct shipping with the help of a number of different apps.
Brief of App with Revenue Details: A pioneer in telemedicine, Nurx app facilitates easier access to contraception by having it delivered directly to consumers’ homes. The tremendous demand for the company’s offerings was reflected in an yearly revenue of $27.4 million in 2022.
CVS Pharmacy
Founder: Sidney Goldstein, Stanley Goldstein, and Ralph Hoagland.
Inception and Total Funding: Founded in 1963. Funding via publicly traded stocks.
Business Model: CVS earns revenue by affiliate ads from different drug companies, and consulting fees from patients. They also earn commissions from their insurance providers.
Unique Selling Proposition: CVS Pharmacy’s unique selling proposition is the integrated care it offers patients from a wide range of medical specialists. The facility now provides a one-stop shop for medical services, making it easier for patients to manage their health.
CVS offers a wide variety of services, from routine prescription refills and doctor’s appointments to health insurance through its 2018 acquisition of Aetna.
Brief of App with Revenue Details: The CVS Pharmacy mobile app simplifies the process of refilling medications and scheduling follow-up appointments with your doctor.
The pill identifier and medication reminders are two of the prominent features that set it apart from its competitors. The yearly revenue of CVS Health Corporation was above $325,000 million in 2022, as reported in the company’s financial filings.
Capsule Pharmacy
Founder: Eric Kinariwala.
Inception and Total Funding: Founded in 2016. Funding, $300 million.
Business Model: The majority of Capsule Pharmacy’s revenue comes from co-payments and insurance reimbursements for the sale of prescription drugs.
Unique Selling Proposition: Capsule’s unique selling proposition is that it serves as a “one-stop-shop” for all digital healthcare requirements. The app consolidates a lot of healthcare resources into one handy spot for users. Online pharmacy and personalized recommendations from trained pharmacists are two such features.
Brief of App with Revenue Details: The Capsule app enhances the process of managing prescriptions by connecting users with their nearby pharmacies, physicians, and insurance providers. In 2022, Capsule’s annual revenue was around $167.4 million. Capsule’s intuitive app design with an easy-to-navigate interface makes it stand out in the crowded digital pharmacy market.
Walgreens
Founder: Charles R. Walgreen Sr.
Inception and Total Funding: Founded in 1901. Funding through public equity.
Business Model: Walgreens earns revenue from affiliations with prescription drug providers.
Unique Selling Proposition: The company’s competitive edge lies in its accessibility and focus on health and wellbeing. The pharmacy chain ensures that its customers have faster access to online medical care and prescription medicines, and provides them with a reliable and hassle-free purchase experience both in-store and online.
Brief of App with Revenue Details: In addition to location-based functions like locating the nearest Walgreens, the Walgreens app also allows users to conveniently refill prescriptions, print prescriptions, and more, all without leaving the app. Walgreens estimated revenue to be $132 billion in 2022, and it’s clear that the accessibility of their locations and the ease of use of their app are the main reasons.
Conclusion
With a well-structured prescription app, pharmacies, clinics, and other suppliers of medical services can improve customer engagement, earn greater revenue, and optimize prescription delivery operations, all while boosting patient commitment to prescription and customer satisfaction.
Appscrip offers cutting-edge approaches for prescription delivery app development that can be customized to meet industry standards incorporating features like prescription reminders, refill alerts, and personalized medical services and client requirements. Contact Appscrip to get your prescription delivery app off the ground!
