Reinventing medication management! A remarkable innovation for the HealthTech industry enabled by IoT technology.
We have EZMPR ( EZ Pill Reminder), EZPD (EZ Pill dispenser), EZXL in the MVP stage.
Challenge
A pharmacist with over 12 years of experience had firsthand knowledge of the issue of non-medication adherence, which leads to disease progression, treatment failure, and undue hospitalization, costing $300 billion in healthcare costs and 125,000 deaths per annum in the USA alone. He approached an industrial design company and invested over $120,000 and 14 months in developing a product to address the issue of non-medication adherence, but without success.
Solution
The founder has applied to RB Design Tech, a venture studio and accelerator that specializes in design, innovation, product development, and business model creation. The RB Design Tech team designed and developed the entire business model, from sourcing vendors for injection molding and circuit boards to setting up an assembly unit, manufacturing, and handling shipping, customs, and logistics. The team drafted and filed patents, and created web portals and iOS & Android mobile applications for the EZPD, the smart IoT device that calls the patient by name and dispenses medicines on time, every time.