Medavail Holdings Inc's Business Segments
Medavail Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Medavail Holdings Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Service68.6%
- Hardware and Subscription31.4%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Service | $ 0 | 68.6% |
| Hardware and Subscription | $ 0 | 31.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Medavail Holdings Inc
Medavail's pharmacy kiosks are placed in high-traffic areas such as university campuses, workplaces, and retail stores. The kiosks are designed to dispense medication 24/7 without the need for a pharmacist on-site. Customers can request prescription refills, receive medication consultations, and speak with a licensed pharmacist through the kiosk's video conferencing capabilities.
Medavail's telemedicine platform enables customers to connect with licensed pharmacists through video and phone consultations. Customers can also access medication recommendations, lab testing, and health monitoring through the platform.
The company's technology platform seamlessly integrates with electronic medical records, allowing healthcare providers to offer on-site medication dispensing at their clinics. Medavail's services are currently available in several Canadian provinces and select U.S. states.
Medavail has partnerships with several insurance providers, employers, and healthcare organizations to provide convenient medication solutions to their members and patients. In 2021, the company announced a merger with Rite Aid Corporation, a leading retail pharmacy chain in the United States, to expand its footprint in the U.S. market.
Overall, Medavail Holdings Inc. is a healthcare technology company that provides convenient and accessible medication solutions through its on-site prescription kiosks and virtual consultations platform. Its partnerships with healthcare organizations and insurers have positioned the company to be a leader in the future of telemedicine and pharmacy services.
1. MedAvail Pharmacy kiosk:
MedAvail Pharmacy kiosk is an automated pharmacy that provides quick and convenient access to prescription medications. Patients can use the kiosk to fill their prescriptions at any time, without having to visit a traditional pharmacy. The kiosk is designed to provide personalized care and offers a wide range of services, including medication counseling, refill reminders, and medication synchronization. The kiosk is ideal for patients who have busy schedules, live in remote locations, or have mobility issues.
2. MedAvail Direct:
MedAvail Direct is an online pharmacy that enables patients to order prescription medications and receive them at home via mail delivery. The platform is designed to offer patients lower prices and more convenience than traditional pharmacies. MedAvail Direct's online pharmacy offers a simplified process for refilling prescriptions, managing medications, and scheduling delivery. The platform also provides a secure communication channel for patients to connect with licensed pharmacists.
3. MedAvail MedCenter:
MedAvail MedCenter is a clinical platform that offers virtual care services to patients. With the MedAvail MedCenter, patients can connect with healthcare providers for consultations, diagnoses, and treatment plans. The platform is designed to provide convenient, affordable, and accessible care to patients who may not have access to traditional healthcare services. The platform provides a variety of services, including telehealth consultations, lab testing, and prescription delivery.
In summary, Medavail Holdings Inc offers innovative and convenient healthcare solutions through its MedAvail Pharmacy kiosk, MedAvail Direct online pharmacy, and MedAvail MedCenter virtual care platform. These products and services are designed to offer patients convenient, affordable, and accessible healthcare options.
