The Dadha Group owned NetMeds.com, India’s first e-marketplace for pharma to offer delivery across the country has partnered with Stepathlon, India’s leading corporate fitness brand to introduce an automated pharmacy record management system for corporates. The two companies have teamed up to introduce a customized version of Netmeds.com – Medmemo, which will include a pharmacy administration system for HR managers and their employees. Stepathlon, the activity-based employee engagement program has seen enrolment in its program soar in three years to include more than 440 companies, with a total employee head count in India of over 1,000,000 employees. Microsoft, Tata Motors, Capgemini, the Oberoi Group, Google, are amongst the key companies that have enrolled for engagement program with Stepathlon.
The introduction of the customised version of Netmeds will allows employees to log into to either a desktop or a smartphone app, upload their prescription and order the medicines they need. The medicine will be delivered to their doorstep. The system will automatically record all purchases, as well as bills for tests, scans and medical supplies. Records will be “cloud-stored” and when it’s time to submit the receipts for reimbursement, they can all be easily accessed by the HR departments.
Commenting on the joint venture Mr. Pradeep Dadha, CEO, Netmeds stated that “as an employer with a sizeable staff, we recognized a chronic problem that plagued every HR professional regarding prescription drug and other health related expenditures. Search for pharmaceutical receipts, many of which are misplaced, followed by cueing up with the various receipts to be submitted to HR, have them documented and approved. The entire process is agonizing, time consuming, and inevitably costly for both HR and the employee.”
Ravi Krishnan, Co- Founder and CEO added, “Stepathlon, in partnership with some of India’s biggest employers, has built a community around the concept of wellness, and we’ve earned the support of HR departments by proving that the benefits of reduced absenteeism and increased productivity and engagement are real. The partnership with Netmeds fits with our philosophy, of making it easier for employees to stay healthy within their busy lives whilst also adding administrative convenience for the organizations for which they work.
Netmeds.com, offer an impressive selection of both prescription drugs and non-prescription products (OTC) drugs, supplying over 25,000 stock keeping units (SKUs) across India from its first warehousing hub in Chennai. Company has recently launched its mobile app for ISO and Android users that offer the convenience of buying prescription medication with a smartphone and a valid prescription. The app will also maintain the records of the medicine order and will give refill reminders to make sure the medication is not forgotten. Once a user has uploaded their prescription, it is carefully examined by the company’s pharmacists, for proper dosage, duration, and other points of validity, further ensuring the patient of the best possible outcome.
Pradeep Dadha, Promoter and the MAPE Advisory Group have together chipped in Rs 60 crores in NetMeds Marketplace in the initial round of funding.
Netmeds.com is a fully licensed e-pharma portal that offers authenticated prescription and over the counter (OTC) medicine along with other health products. Netmeds is the “first-to-market” offering a consolidated, Pan-Indian solution for the quick online purchase and ensured fast delivery of prescriptions medications. The portal offers consumers the convenience of ordering health products online via a simple process. A team of qualified pharmacists vetting the prescription for validity and dosage assures that only the proper medication is dispensed. Through Netmeds, consumers get access to more than 50,000 prescription drugs, for chronic and recurring ailments as well as enhanced lifestyle drugs and thousands of non-prescription goods for wellness, health and personal care.
Netmeds.com is backed by Dadha Pharmaceutical, a Chennai based company and MAPE Advisory, a leading Indian investment bank. The Dadha family, whose pharmaceutical experience dates back to 1914 first ventured into the pharmaceutical retailing business and entered into drug manufacturing in 1972.