Business for Sale Marketplace - A Single Platform for Entrepreneurs & Dealmakers Login | About us | FAQ

How Capsule’s Online Pharmacy Is Riding The Third Wave of Ecommerce

What was your last great healthcare experience? Maybe it was at a walk-in clinic, a local doctor, or even an online resource or telemedicine service. But it almost surely was not at a pharmacy. Pharmacy generates $275 billion in annual revenue—and 1% of it is online This is the opportunity that Capsule , an e-commerce startup, is chasing. The company, which started in 2015 and whose service currently operates in New York City, offers free same-day delivery of prescription medicine and access to its team of pharmacists via text, email, or phone. “We believe that we can use e-commerce and personalization to create better health outcomes,” says Capsule CEO Eric Kinariwala, who spoke this week at the Fast Company Innovation Festival . “We can unlock service for consumers.” There are 70,000 pharmacies in the United States Capsule doesn’t charge customers on top of what the medicine costs—prescription prices are set by insurance companies—but it can take advantage of not having physical real estate and all of the expenses that come with it to offer what pharmacies cannot.

Originally posted here:
How Capsule’s Online Pharmacy Is Riding The Third Wave of Ecommerce

Tagged as: , ,

Comments are closed.