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GK 600: Rescribe

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The GoKart 600 is one day for the entire staff of GoKart Labs to invent a viable product or business in 600 minutes. To do this, we rely on our established methods for innovation, condensing our process down to a single day of fearless exploration. 2017 Pitches

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GK 600: Rescribe

  1. 1. RESCRIBE GoKart 600
  2. 2. GoKart 600 Race Day | 01.06.17
  3. 3. 3 the team GUEST RACER: KELLY GROEHLER
  4. 4. 4 THERE’S A CRAP TON OF UNUSED, UNEXPIRED MEDICINE IN OUR COUNTRY. the problem
  5. 5. 5 $5 BILLION OF UNUSED PRESCRIPTION MEDICATION GOES TO WASTE ANNUALLY the problem
  6. 6. 6 98% OF THE PEOPLE WE SURVEYED SAID THEY’VE HAD A PRESCRIPTION MEDICATION GO UNUSED. the problem “I’M TRYING TO FIGURE OUT WHAT TO DO WITH MY EXPIRED MEDICATIONS. I’M LOOKING AT WHERE TO SAFELY DISPOSE OF THEM…” ANONYMOUS SURVEY RESPONDENT
  7. 7. NOT ONLY DOES THIS PREVENT PEOPLE IN NEED FROM HEALING, IT CONTAMINATES OUR LANDFILLS AND WATER SYSTEMS, PUTTING US ALL AT RISK. 7 the problem
  8. 8. 8 THERE’S ALSO A CRAP TON OF PEOPLE WHO CAN’T GET THE MEDS THEY NEED. the problem
  9. 9. 9 the problem 1 IN 4 PEOPLE IN THE U.S. STRUGGLE TO AFFORD THEIR PRESCRIPTIONS 50M WORKING-AGE AMERICANS SKIP FILLING PRESCRIPTIONS DUE TO COST
  10. 10. — monica “MY DOSAGE WAS RECENTLY CHANGED, AND I WAS LEFT WITH A $10,000 PRESCRIPTION I COULDN’T USE. I’M HANGING ONTO IT. IF MY PLAN CHANGES AND THE CURRENT PRESCRIPTION IS NO LONGER APPROVED, THEN I HAVE EXTRA. EVEN THOUGH IT’S NO LONGER THE RIGHT DOSE, I’LL TAKE IT.”
  11. 11. THE NEW “GOOD SAMARITAN” LEGISLATION ACROSS 40 STATES PROVIDES LEGAL PROTECTIONS FOR ORGANIZATIONS AND INDIVIDUALS THAT DONATE UNOPENED MEDICATIONS. 11 why now?
  12. 12. MEDICATION DONATION IS NOW A VIABLE AND FINANCIALLY BENEFICIAL ALTERNATIVE TO DESTRUCTION. 12 why now?
  13. 13. 13 why now? WE CALLED IOWA . . . - $20M IN MEDS REDISTRIBUTED - 75K PEOPLE RECEIVED FREE MEDS - $140M IN STATE SAVINGS - IN EFFECT FOR 10 YEARS
  14. 14. HOW MIGHT WE GET UNOPENED, UNEXPIRED MEDICATIONS TO THOSE WHO CAN’T AFFORD THEIR TREATMENTS, WHILE ALSO CREATING A SAFER, HEALTHIER ENVIRONMENT? 14 how might we?
  15. 15. Giving unexpired prescriptions a second life.
  16. 16. FOR PATIENTS WITH PRESCRIPTION DRUGS AND THEIR CAREGIVERS WHO HAVE UNOPENED, UNEXPIRED MEDICATION, RESCRIBE IS A PHARMACEUTICAL EXCHANGE PROGRAM THAT GIVES SAFE, AFFORDABLE, CONVENIENT ACCESS TO UNUSED DRUGS. UNLIKE WASTEFUL DISPOSAL METHODS, WHEN YOU DONATE YOUR MEDICATION TO RESCRIBE, YOU HELP OTHERS AS WELL AS THE ENVIRONMENT.
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  24. 24. 24 rescribe: benefits DONATING FACILITIES Ensure patient access to the right medications Social responsibility and reputation Decrease in environmental waste and contamination Reduce financial waste of improperly used medicines THE ECONOMY & ENVIRONMENT PRESCRIBING DOCTORS Increased potential for their patients to use prescribed treatments Lower risk (financial & reputation) Access to unused, more affordable medications Peace of mind in donating unused medicines instead of improperly disposing PATIENTS & FAMILIES
  25. 25. 25 WE’RE NOT ALONE (KINDA) This is aimed at making pharmacies more profitable
  26. 26. 26 WE’RE NOT ALONE (KINDA) Sirum rules out donations by individuals
  27. 27. 27 REVENU E OPERATIONS Prescription Handling Fees Foundation Grants/Donations Gain Shares on State Cost Savings Online Inventory/Ordering Platform Employee/Labor Facility, Delivery & Disposal $ 4.8M $300K* year one * BECAUSE IOWA SAID
  28. 28. 28 PRESCRIPTION HANDLING FEES GAIN SHARES ON STATE COST SAVINGS Year One Prescription Goals = 9,400* 0.5% Gain Shares = $4.5M Medicare Spend on Cancer in MN = $324M Total Cost Savings to the MN System = $89.6M $ 329K $4.5M revenue streams * ADJUSTED FOR WHAT IOWA SAID Cost Paid by Patient/Prescription = $35.00** ** BASED ON LEGAL PRICING POLICY Dual Eligibility in Hennepin County = 151,000
  29. 29. 29 the ask 7-WEEK PILOT 7 weeks: — 1 week of planning — 4 weeks of pilot — 2 weeks for final recommendation 1 donating facility in Hennepin County (long-term care facility, etc.) Limit scope to chronic cancer treatment medications How many matches can we get? How many donations can we get? 
 What can we learn about the financial model? What can we decide about the operations/logistics? What are the policy and regulatory issues we need to address and navigate? PILOT OUTCOMES THE TEAM Solution Leader: Adam Dole Operations / Logistics: Chad Gillard & Elli Rader Potential support from development & design (TBD) Pilot report-out in week 7 with recommended next steps FINAL RECOMMENDATION
  30. 30. Giving unexpired prescriptions a second life.

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