Echo, an english startup that enables users to buy repeat prescriptions in the NHS via their smartphone, has elevated £7m in investment capital funding.
Sai Lakshmi, Echo’s co-founder and leader, told The Daily Telegraph it might make use of the money to grow its operations team and hire more engineers to construct new items.
“The NHS is massively over-extended using the budget it has, what exactly we are attempting to do is give patients something to allow them to better manage their own health themselves,” the previous Apple executive stated.
The application, that has been downloaded greater than 50,000 occasions, is from the NHS’s Electronic Prescription Service.
It reminds patients to consider their medication and prompts these to order more when they’re running low. The prescription will be published through their letterbox within five working days.
Echo is provided liberated to users, except the conventional £8.60 prescription charge, because it makes its money if you take a cut from the profits generated by its pharmacy partners.
Mr Lakshmi began the company with Stephen Bourke, its chief experience officer, who previously launched Lloyds Pharmacy’s online prescription service. Echo also faces online competition from the kind of Boots and Pharmacy2u.
In addition to making the procedure simpler, Echo states it may improve patients’ health. Around 40pc of medications are wasted or otherwise taken as prescribed through the physician, Mr Lakshmi stated. Among Echo’s users, that falls close to 14pc.
“People on the platform are taking their medication consistent with what their physician is letting them know to complete,Inch Mr Lakshmi stated. “Which makes them healthier because they’re better managing their condition, also it eases the responsibility around the NHS.”
The deal’s valuation was undisclosed. Located in west London, Echo employs 26 people.