Hyundai Motor Group is a world famend car firm, identified for pushing the bounds of know-how and innovation. The corporate has diversified into a wide range of totally different service strains, together with robotics, autonomous driving know-how, information analytics, and manufacturing capabilities, to call a couple of.
In 2021 alone, Hyundai reported practically 3.2+ million unit gross sales globally, up from 2.9+ million models in 2020— indicating an almost 8.1% leap. A lot of this elevated demand and gross sales volumes are as a result of firm’s dedication to creating the subsequent technology of superior motor autos, which boast not solely unbelievable efficiency metrics, but additionally pay homage to the corporate’s general mission in direction of sustainability, affordability, and accessibility.
Now, in its newest enterprise, Hyundai is taking considerably of an unprecedented step for a standard automobile firm: delving into healthcare supply. Its newest transfer is a partnership with NowRx, a California based mostly pharmacy/prescription supply and healthcare companies firm, to allow novel prescription supply strategies.
NowRx has already established a major presence in California. The service is easy, per the corporate’s website: a prescription is shipped to the NowRx staff; the staff then confirms supply and collects cost; the treatment is delivered inside hours; and computerized supply for future treatment wants could be simply organized. Certainly, the service is seemingly handy and hassle-free.
Now, along side Hyundai, the startup can increase its horizons. In a press release, Cary Breese, CEO and Co-Founding father of NowRx discusses: “Autonomous autos are a part of our long-term strategic imaginative and prescient for NowRx to additional cut back supply prices at scale […] We will’t think about a greater firm to work with than [Hyundai], which has demonstrated substantial management within the autonomous automobile, and different robotics and automation areas.”
Congruently, Hyundai is venturing into a brand new, beforehand untapped market. Minsung Kim, Vice President of Hyundai Motor Group and Head of the Open Innovation Technique Group defined: “The Group expects this collaboration with NowRx to assist increase our mobility enterprise mannequin past the anticipated business […] We imagine a brand new alternative with the technologically progressive e-pharmacy NowRx, that uniquely integrates pharmacy administration and supply service, helps our motion towards Sensible Mobility Options Supplier.”
Nonetheless, the obvious winners on this deal are the communities which will profit from this service. Why is that this partnership and idea vital? As a result of for tens of millions of Individuals, accessing pharmacies and getting prescription drugs on time will not be a simple feat. Not solely are there vital transportation and entry points, however for tens of millions of geriatric sufferers that require life-saving drugs, lack of mobility and lack of ability to truly get to the pharmacy is an unparalleled prohibitive barrier to bettering well being outcomes.
That is why so many firms are trying to disrupt this area. Take for instance Amazon, which not too long ago launched its personal prescription delivery service, promising “low costs on treatment, free supply, and pharmacists on-call 24/7.” Walgreens additionally gives a similar service, offering similar day prescription supply. Quite a few startups are additionally crowding this area, hoping to optimize this service for communities nationwide.
Undoubtedly, as soon as this service is perfected, all events stand to realize considerably: whether or not or not it’s the creation of recent enterprise alternatives for established gamers, increasing partnerships for the startups concerned, or the supply of a particularly well timed and precious service for sufferers in communities nationwide, the idea stands to develop into a constructive addition to the healthcare area.