Medication Management & Reminder Service

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Startup Cost
$6,000-$30,000
Difficulty
Beginner
Time to Profit
6-12 months
Profit Potential
$50,000-$250,000/year

Overview

Medication management services help seniors organize medications, provide reminders, and ensure medication compliance.

With medication non-compliance major health issue and seniors averaging 4+ medications, services generate revenue of $80,000-$290,000 with 70-85% margins through in-home visits and technology.

The business requires medication organization training, reminder technology, visit scheduling, and coordination with pharmacies.

Services include medication organization and pill boxes, reminder calls and technology, pharmacy coordination, medication reconciliation, refill management, and family communication.

Pricing typically $20-$40 per visit or monthly packages $150-$400.

Success factors include understanding medication safety, working with pharmacies and physicians, using technology for reminders, targeting polypharmacy seniors, and preventing hospitalizations through compliance.

Most combine in-person organization with reminder technology.

Marketing focuses on discharge planners, pharmacies, physicians, and adult children.

With medication non-compliance causing 125,000 deaths and $100B+ costs annually in 2025, medication management offers safety opportunities preventing adverse events.

Required Skills

  • Medication safety knowledge
  • Organization systems
  • Technology platforms
  • Pharmacy coordination
  • Health literacy
  • Family communication

Pros and Cons

Pros

  • High margins on service
  • Technology scalability
  • Preventing hospitalizations
  • Recurring monthly revenue
  • Growing polypharmacy seniors

Cons

  • Building awareness
  • Liability concerns
  • Technology adoption by seniors
  • Competition from pharmacy programs
  • Proving ROI

How to Get Started

  1. Develop medication expertise
  2. Acquire reminder technology
  3. Create organization systems
  4. Partner with pharmacies
  5. Target post-discharge patients
  6. Build physician referrals
  7. Offer family communication

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