Health Crisis Leads to Surge in Medical Technology Innovation
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NEW YORK, May 7, 2021 /PRNewswire/ -- A combination of medical applications for digital internet-of-things technologies coming into their own, and an explosion of interest in the healthcare sector spurred on by the global health crisis is sending the healthcare technology space into a period of incredible innovation. Healthcare technology companies like Mednow Inc. (TSXV: MNOW), Hologic, Inc (NASDAQ: HOLX), Microsoft Corporation (NASDAQ: MSFT), Medtronic plc (NYSE:M DT), and Amwell (NYSE: AMWL) are developing new systems and devices to improve the accessibility of health services, monitor at-risk patients, more easily and accurately diagnose patients, and much more.
Mednow Expands Suite of Healthcare Technologies Throughout Canada
Few segments of the healthcare technology space have more momentum right now than telehealth. One of the dominant North American telehealth companies is Mednow Inc. , a Canadian company with a holistic suite of healthcare technologies, including sophisticated e-pharmacy and telehealth services currently expanding throughout the Canadian market.
Mednow's suite of healthcare technologies includes both hardware as well as software. Among the company's offerings is Karie, an at-home device that automatically organizes and dispenses medications as needed based on the user patient's schedule. The device uses specialized medication pouches that are delivered by Mednow's e-pharmacy. Karie's user-friendly interface teaches patients and family members how to use the system and makes the process of managing prescriptions safe and easy.
On March 19, 2020, Mednow announced a significant step forward in its rapid national expansion and development plans: the company has submitted an application for a pharmacy license for a Winnipeg-based fulfillment center. Subject to receiving approval for the application, Mednow is aiming to be operational in Manitoba by this year's third quarter. The announcement reflects an important milestone in the company's plans to be a nation-wide service, and was continued upon by its recent announcement that it had also filed an application for a pharmacy license with the Nova Scotia College of Pharmacists. The company has secured a lease for a fulfillment center in Nova Scotia, which is also expected to become operational by Q3 2021.