Business Description

Connecting Patients to Medication: Revolutionizing Healthcare Access

Prescription Quest is at the forefront of healthcare technology, helping patients who have a prescription to fill, find local pharmacies that currently have the medication in stock. With a robust online platform, Prescription Quest connects patients with over 20,000 independent pharmacies across the United States in real-time, ensuring they can quickly locate and obtain their prescribed medications. By partnering with outpatient clinics, telehealth organizations, and patient advocacy groups, including the National Organization of Rare Disorders, Prescription Quest creates an expansive ecosystem that combats medication shortages effectively. This innovative approach not only addresses critical healthcare needs but also provides small independent pharmacies with unprecedented visibility and access to new patient populations, ultimately transforming the landscape of medication accessibility nationwide.

Problem

Shortages of Essential Medications

Prescription Quest addresses a critical issue in healthcare: the pervasive shortages of essential medications affecting millions of Americans, particularly older adults. With over 250 active medication shortages currently, compounded by pharmacy deserts that impact approximately 41 million individuals, patients often struggle to locate pharmacies with the needed medications in stock. Existing systems lack efficient inventory sharing between pharmacies, exacerbating this problem. As a result, patients frequently face uncertainty and delays in obtaining their prescribed medications, highlighting a significant gap in the healthcare system that Prescription Quest aims to bridge through its innovative technology platform.

Solution

Prescription Quest is the Solution!

Prescription Quest offers a seamless online platform enabling patients to swiftly locate nearby pharmacies with their required medications in stock. By searching with just a drug name and zip code, patients are connected to pharmacies ready to fulfill their prescriptions immediately.

We’re building the largest network of independent pharmacies nationwide to ensure real-time inventory availability. Collaborating with outpatient clinics, telehealth organizations, patient advocacy groups, and independent pharmacy cooperatives, we create an ecosystem ensuring access to medications, even if it means sourcing from pharmacies outside local areas.

Business Model

1. Value Proposition: Prescription Quest helps patients who have a prescription find local pharmacies that currently have the medication in stock.

2. Patients Acquisition: The source of our comprehensive customer base spans several key avenues:

• Healthcare facilities: Outpatient clinics and hospitals, Long-term care facilities, nursing homes
• Patient Advocacy Groups: Examples include the National Psoriasis Foundation, the American Heart Association, The National Organization for Rare Disorders and the MAGIC Foundation
• Online Marketing and Sales Platforms: Leveraging digital channels to reach a broader audience and generate leads.
• Comprehensive Support Services: Offering support to patients from the moment they submit a request in our platform until the moment they receive their prescription and thereafter.

3. Pharmacy Acquisition:

• Direct Sales Force: Industry-savvy sales teams that understand the specific challenges and requirements of each sector.
• Trade Shows and Industry Conferences: Participation in major industry events for networking and showcasing our innovations.
• Client Engagement Programs: Conducting industry-specific workshops, training, and feedback sessions.

4. Strategic Industry Partnerships: Collaborations with manufacturers, insurers and industry leaders to co-develop and integrate our technologies.

5. Revenue Streams: Our revenue is generated through multiple streams:

It’s free for patients to do basic searches. In the future, a small membership fee of $4.99 will be introduced for additional services such as copay estimation, a search for a pharmacy with the lowest price for prescription drugs, prescription drug prices comparison, pills packing, free nationwide delivery, health insurance recommendations based on proprietary data, access to special offers and discounts, as well as priority services and many more.

Pharmacies pay a monthly membership fee depending on the number of patients they want to receive each month as follows:

• BASIC Membership: $250/month for 20 patients
• PRO Membership: $500/month for 50 patients

Advertising Revenue for certain medications, medical devices and other services through the platform.

By integrating our value proposition across these diverse markets, Prescription Quest, Inc. is not just an online marketplace but a strategic partner for hospitals, patient advocacy groups and other businesses whose aim is to improve the health outcomes of the general population. Our commitment to innovation, customer satisfaction, and access to medications positions us as a catalyst for the global initiative of healthcare access for all.

Market Projection

Projected Revenue:

• Year 1: $500,000
• Year 2: $1,500,000
• Year 3: $5,000,000
• Year 4: $10,000,000
• Year 5: $20,000,000

Financial Projections

Year 1:

• Revenue: $500,000
• Expenses: $1,000,000
• Net Loss: $500,000

Year 2:

• Revenue: $1,500,000
• Expenses: $2,000,000
• Net Loss: $500,000

Year 3:

• Revenue: $5,000,000
• Expenses: $3,000,000
• Net Profit: $2,000,000

Year 4:

• Revenue: $10,000,000
• Expenses: $5,000,000
• Net Profit: $5,000,000

Year 5:

• Revenue: $20,000,000
• Expenses: $8,000,000
• Net Profit: $12,000,000

Disclaimer: These are pro-forma projections and these results are not guaranteed.

Competition

Amongst the Competition, Prescription Quest Stands Out

Online Pharmacies:
Struggle with limited inventory, susceptibility to shortages, and constraints in filling controlled substance prescriptions.

Rx Finder USA:
Features a rapid 5-minute response time, leveraging advanced technology compared to the typical 1-hour response time of others.

Large Pharmacy Chains:
Face challenges with shortages, inaccurate inventory databases, and slower response times.

Traction & Customers

Gaining Traction Fast!

– 8 Active pharmacies (16 more have registered)

– 350+ Prescriptions filled in 2 months

– Present in 150+ outpatient clinics nationwide

– Partnership with 4 patients advocacy groups, including: The National Organization for Rare Diseases, The Magic Foundation, Diabetes Sisters, and the COPD Foundation. There is also interest from the American Heart Association with its 19million members.

– Completed Preferred vendor process with the Independent Pharmacies Cooperative (7000+ independent pharmacies)

– In advanced talks with the American Association of Pharmacies (2300+ independent pharmacies)

Investors

KiwiTech Joins the Team!

KiwiTech joined our Cap Table in March 2024 and received a Warrant for a 5% Equity in the company for $500K in technology development and support services.

Terms

Risks

Please be sure to read and review the Offering Statement. A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.
These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Neither PicMii Crowdfunding nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.