Olimpia Business Planning

Hello, everyone, this is Luna.

Today. I'm here to present the business plan 14.

13 and our company's name is Olympia.

First, I'm going to talk about some background.

So why we developed developed Olympia.

So there are many two reasons versus because of Medicare.

Um, Star Rating rebate plan.

And second is because of the herring issue for Medicare

Star rating.

So Medicare used a star rating system.

Your ankle.

Well, both Medicare Advantage in party plans.

Perform the health the health plan themselves.

Evaluate the medication management system, uh, service off pharmacy and

assigned their own rating to them.

So there are three major categories that can impact pharmacy

rebates. There are adherents off diabetes, medications, hypertension medication and

studies Improve.

Patient of the hearings will improve our pharmacy rebate.

So 18% off party rebates are paid by pharmacy in

2019. That ended up to $9 billion and they are

facing now is a deciding factor in whether pharmacy make

a profit or lose money.

So for the hearing, so as we all know, the

hearings is always an issue, and Medicare now medication, non

adherence can put people at risk for many Ah walkable

complications. So study have shown that medication now adherents for

chronic ill patient is 50% higher.

Results in 310 billion and you $310 billion annually.

In addition, additional health care costs in the US so

Olympia can help members manager disease, play an important role,

keep them healthy, empower them to take ownership off their

disease and maintain health behaviors.

So so Olympia can close the gap between the non

adherence and Medicare issues, reduce it impatient and specialized.

Visit um, and increasing reimbursement rate off the pharmacy.

Empower the members to self manage their care with support

from Olympia, their family and health care providers.

Socioeconomic. Going to talk about our vision and mission statement.

So our vision is Olympia.

Envision Use technology to revolutionize home medication management to be

the leaders off smart at the whole medication dispensing integrated

solution for patients.

Seek assistance with Medicare or the hearings and safety.

So is this.

The retail pharmacy to earn back there are faced in

the form off rebate by improving performance on quality measures.

Our mission statement is provide accessible portable in home medication,

dispensing system and service to patient to increase to patients

to increase patient complaints.

Com complex in poor health off our patients and decrease

healthcare cost.

So a brief introduction off our products.

So Olympia is an automatic medication dispensing device with real

time monitor options.

Olympia can hold up 30 day supply off a different

medications. Regard off their size and ship.

The APP will record and senators about missing those refill

dates, daily usage and battery levels.

When it's time to take the medication, the user will

receive alarm through their phone, and they just need to

push the button on their phone to to instruct the

machine to dispense their appeals.

And I'm going to go into detail about our products

so the dispenser it will look like this.

It will be a water bottle size.

It had one week battery life.

It can be controlled by your phone is temporal resistant,

and there's a different peal.

Columns inside hold up a different kind of medication and

also have a GPS tracking system and for the medication

box, so each patient will receive two medication adherence box

with a specific idea all it to rotate it month

to month.

So this is our descent, and that will be the

cap. And the medication box will be the bottom.

And for our application.

So Olympia application can connect to Olympia medication dispenser.

It has remembers on a fixed schedule.

Um, the app page will look like this.

It would discipline display all the does you're gonna have

throughout the day and all you need to do to

display the, uh, just she spends the medication is push

the Korean baton.

So our location will be online business model.

There are many benefits.

First of all, it will save a lot of money,

Um, and also have flexible business hours.

And our goals is increased sale to more than 10,000

Olympia medication dispenser by year to year to increase program

pharmacy D, our favorite bit by 20% and increased patient

adherence rate by 20%.

And our market analysis.

So our target market will be, um, pharmacy.

Um, we will focus on the MTM eligible patients with

two or three chronic diseases and up to eight medications

are long term.

Long term market will be Medicare party insurance companies.

Our price will be $25 per person per month, service

fee and $225 dispenser paid by the pharmacy.

And we also did a swan analysis.

But because of time, I'm not gonna go into detail

and talk about it.

And here also gonna throw in our promotion plan.

So our promotion plan is to collect data throughout the

first two years.

Um, Thio show the insurance company how much money we

actually saved for them by reducing year readmission and improve

patients or all outcome.

And also, we want to use the data to show

the pharmacy how much money rebate they can earn back

by improve patients of the hearings.

And then I'm going to talk about the financial plan

so I probably not going to go into details about

each each category off the finance.

So our set up costs about It's around $100,000 and

our first year profit is huge because we will contract

with Kroger and our contract phase 377,000, and our, um,

the liability and net worth off the first year estimates

220,000. And the break even point is, for the second

year, we need to sell 85 Olympian machine every month

to break even and monthly revenue break even.

$10,616. Thank you for listening.

Please email me if you have any questions.

Olimpia Business Planning

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