High Mkt Cap
#19 of 49
$20 B
Lowest CAGR
#43 of 49
15 %
Prescription management systems can help improve medication adherence and reduce medication errors by providing patients with a means of tracking their medications and reminding them when it is time to take their medications. Prescription management systems can also provide providers with real-time data on medication adherence, allowing them to adjust treatment plans as needed. Additionally, prescription management systems can help prevent drug interactions and reduce the risk of adverse drug events.
0 FDA approvals in Prescription Management
E-Prescribing
"E-prescribing enables providers to electronically transmit prescriptions to pharmacies, reducing errors and improving medication adherence." - Journal of the American Pharmacists Association, December 2021
Medication Reconciliation
"Prescription management systems can facilitate medication reconciliation by providing a comprehensive list of a patient's current medications and helping to identify potential drug interactions." - Journal of Hospital Medicine, January 2022
Patient Education
"Prescription management systems can provide patient education resources, including medication information and reminders, to improve medication adherence and patient outcomes." - Patient Preference and Adherence, February 2022
Investor sentiment
Grand View ResearchApril 2021
"...The global prescription management software market size is expected to reach $6.8 billion by 2028, driven by the increasing adoption of electronic prescribing systems, the growing demand for medication reconciliation and adherence solutions, and the rising focus on patient safety and quality of care."
MarketsandResearchMarch 2021
"...The global prescription management market is projected to grow at a CAGR of over 10% during the period 2021-2028, driven by the increasing demand for medication management and reconciliation solutions, the growing adoption of cloud-based and mobile technologies, and the rising focus on interoperability and data analytics."
Sector leaders
PillPack
PillPack is an online pharmacy that delivers medication to patients' homes. In June 2018, Amazon acquired PillPack for around $753 million. PillPack's prescription management service is aimed at customers who take multiple daily prescriptions, and seeks to simplify the process by filling prescriptions in pre-sorted dose packaging and coordinating refills with doctors and insurers. Customers receive their medications in monthly shipments, and can reach a pharmacist 24/7 via phone or email.
CoverMyMeds
CoverMyMeds is a technology company that offers an electronic prior authorization (ePA) platform for prescription drug coverage. The platform aims to streamline the prior authorization process, which can be complex and time-consuming. CoverMyMeds' platform integrates with electronic records (EHRs) and pharmacy management systems to automate the prior authorization process and reduce administrative burdens for providers. The company was acquired by McKesson in 2017 for $1.1 billion.
