The statistics are clear. Prescription medications in the United States are too expensive for many consumers. These high costs present a heavy financial burden, especially for the uninsured. According to GoodRx.com:

Some consumers seek cheaper alternatives outside the United States, but it’s a risky proposition. Others turn to online pharmacies, but the cost savings with most online prescription retailers still isn’t that substantial.

In response to this situation, physicians are prescribing larger doses of medication and encouraging their patients to cut the tablets at home with a handheld pill cutter. While this does produce cost savings, existing pill cutting methods are inaccurate and time-consuming. Due to poor visual acuity and motor dexterity issues, most patients prefer to pay for this service.

The team at PrecisionMeds.com has watched our loved ones struggle with these challenges, so we decided to create an innovative solution.

PrecisionMeds.com has created a simple solution to reduce the cost of prescription medications: Splitting tablets. Our innovative and patented technology allows California residents to save money on popular brand name prescriptions.

The way it works is simple. PrecisionMeds.com capitalizes on the flat-rate pricing structure in the pharmaceutical industry.

• For example, there is often no cost difference between a 100mg and a 25mg tablet. By purchasing one 100mg tablet and cutting it into four 25mg tablets, we reduce our inventory costs and pass the savings along to our customers.

Unlike traditional methods of pill splitting, our patented technology is safer and more accurate. We are also the country’s only pharmacy to offer multi-cut solutions. Until recently, tablet splitting was thought of as just cutting a pill in half. However, our patented technology changes the game with the ability to cut medications into quarters, fifths, and even sevenths.

We are the only pharmacy in the United States using this patented technology to reduce the cost of specific medications, including Viagra and Lipitor.

This trend has only been growing in popularity. With prescription costs on the rise, many courts have ruled in favor of this practice and numerous doctors are promoting the benefits of pill splitting. Additionally, the number of states in the United States that participate in mandated or recommended cost saving tablet splitting programs has doubled since 2011.

While some people may worry about the safety of pill splitting, there is no reason to be concerned. The practice of pill splitting is safe, especially with our patented and computerized tablet splitting technology.

• Like other pharmacies, our in-house Pharmacist-in-Charge (PIC) and Pharmacy Technicians confirm orders with each patient’s doctor before processing payment.
• Our Pharmacy Technicians then fulfill orders using our precision machinery to cut each patient’s tablets into the precise dosage prescribed by their doctor. Each dose that is split meets the guidelines established by U.S. Pharmacopeia and FDA.
• Quality Assurance will then verify weights and measurements, and the shippers will package, label, and mail the customer their prescription drugs.

Last year was a big year for PrecisionMeds.com. We incorporated as a C-Corp, acquired California Pharmacy State Licensure, and received approval for a Merchant Account. Our team also reached other important milestones. Previous years important milestones are listed below.

Successful 12-Month Trial – For a 12 month period, we successfully ran a pilot program with Rite Choice Pharmacy. Three of our four machines were set up in a Central Fill Warehouse near Kansas City. All three of our machines ran without hiccup, producing a 100% satisfaction rate while yielding a 0% failure rate.

Meets U.S. Pharmacopeia Standards – During our trial, our machines cut 80mg Lipitor tablets into 20mg and 10mg doses with precision accuracy. Independent Assay Laboratories verified that our dosage measurements passed U.S. Pharmacopeia standards.

Patented Technology – We realize that our technology is unique. To protect our innovative pill splitting method, we filed a patent and received protection under US Patent #US7451676 B2.

6. We are planning to provide free medications to noble causes, which will consequently provide positive grassroots PR recognition, promoting viral sharing on all social platforms.

Moving forward, we will examine company growth opportunities beyond our current model. To start, there are three major ways to increase our market share for PrecisionMeds.com.

• Ship to More States – Early cash flow will allow us to fund pharmacy licensure in additional states.
• Expand our Product Line – In the $3.7 trillion Wellness Industry (as of now), the $1.5 trillion Biotechnology Industry (by 2020), and the $1 trillion Pharmaceutical Industry (by 2020).
• Insurance contracts growth – Profits will aid employee growth, which will enable us to hire staff to establish an insurance division.
• Increase Marketing on various platforms – 

  1. Branding recognition and approval will be gained through our partnerships alliances with GoodRx.com, Blinkhealth.com, and Checkyourmeds.com, as well as all other  ‘prescriptions comparison-shopping websites’. 

  2. Facebook, LinkedIn, Google ads along with large market digital pay-per-click ads, and suitable social media platforms.

  3. Email marketing in combination with SEO, SEM, and Growth Hacking, and through already established medical and pharmaceutical marketing agencies.

  4. Direct mail campaigns through already identified established medical and pharmaceutical marketing agencies. 
  
  5. Television campaigns through already established national marketing agencies
  
  6. To provide free medications to noble causes, which will consequently provide positive grassroots PR recognition, promoting viral sharing on all social platforms.

Want to learn more about PrecisionMeds.com and what we have planned for the future? Request access to the Business Plan tab of the profile to find out how you can get involved!

Joe Reno (President): 20+ years in online start-up experience. From Project Management to Business Development to Operations to Sales, has helped early start-ups grow (apartments.com, cars.com, homefinder.com, eHarmony.com), Entrepreneur, Investor.

Paul Durelli (Chief President Consultant): 23+ years in advertising, marketing, branding and managing teams, Art Director and Marketing Manager at Global Healthcare Marketing Inc, 10 Years of Marketing and Design experience across multiple markets, Entrepreneur, Investor.

Jason Lilly (Chief Technology Consultant): Mechanical Engineer, Specializing in all aspects of designing and building tools, machining parts, manufacturing, and writing software. Set ‘Guinness Book of World Records’ with his ‘Thunder Master’ dynamic soaring airplanes, Entrepreneur, Inventor, Investor.

Anja Schoenwald (Chief Marketing Consultant): 20+ years in Key Account Marketing and Distribution, Contract Negotiation, Project and Conflict Management, Quality Control. (10+ years for Schoenwald Construction and Development, 10+ years for IBM Mainframes, Super Servers, Networks, Software). Entrepreneur, Investor, CEO of Aurora Borealis LLC, www.AuroraBorealisLLC.com

Blaze Bhence (Chief Business Development Consultant): B2B development, MBA from USC, Channel Business Manager / Regional Sales Director at Xerox Corporation, Management and consultant for sales teams in pharmaceuticals, energy efficiency, IT, and legal services, Published author, Instructor at the University of California, Irvine.

Dr. John Thurston (Chief Medical Consultant): Full-time General Practitioner, Runs a thriving Family Practice, Oversees the in-house medical for ‘Admiral Beverage Corp’.