Percorrer por autor "Bhandari, Laxmi"
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- Assessing the market and financial potential of selfmed pill dispenser: a start-up aiming to eradicate medication non-adherence in PortugalPublication . Bhandari, Laxmi; Fernandes, António B.; Fonseca, Manuel JoséNon-adherence to medication is a global problem that affect half of the prescription users, resulting in suboptimal therapy outcomes and premature death. The complexity of medication is one of the primary contributing factors for it. To assist with the complex medication regimen, an automatic pill dispenser, SelfMed has been created. This study focuses on studying a future start-up company, SelfMed Lda. The company will operate in the Portuguese market and aims to increase adherence to taking medication according to medical prescription by adults over the age of 60. The aim of this research is to evaluate the market and the financial viability of a project in Portugal called "SelfMed, your medicating partner," which aims to manufacture and market an automatic pill dispenser to healthcare organizations, companies in this sector of activity, and pharmacies (Business to Business). Thus, it is intended to demonstrate to what extent the implementation of the project is possible and capable of replacing the need for personalized care in older individuals for the purpose of managing the taking of medicines. The research was conducted using primary data collected through a questionnaire distributed to users and care institutions/companies in the referenced area. According to the analysis, ~36% of users and 40% of care companies are interested in obtaining SelfMed to simplify the complex medication management and prescription regimen for the end user. Considering an assessment of the 6-year financial plan, a total investment of approximately €239,000 is required to launch the project, consisting mainly of basic equipment and transport, as well as supporting buildings and infrastructure, software, among others. Based on the established assumptions, the project is commercially and financially viable, with positive results from the third year onwards and an NPV of €185,051, IRR of 23.8% and a payback period of approximately 4.47 years.
- Digital innovation in health care: addressing medication non-adherencePublication . Bhandari, Laxmi; Fonseca, Manuel José; Fernandes, António B. ; Garcia, Jorge EsparteiroNon-adherence to medication is a pervasive issue worldwide, affecting 50% of prescription users, resulting in suboptimal therapy outcomes and premature death. One of the key factors contributing to non-adherence is the complexity associated with managing medication regimens. To address this challenge, an automated pill dispenser “SelfMed, your medication partner” has been proposed. This study focuses on studying determinants of medication non-adherence, its ramifications and alternatives available in the market in order to increase medication adherence among adults aged 60 and over. The overarching goal of this research is to evaluate whether digital solutions like SelfMed are required for addressing non-compliance issues in Portugal while assessing their effectiveness over time for our target audience within the marketplace. The research was conducted using primary data collected through a questionnaire distributed to users and care institutions/companies in Portugal (Northern area). According to the analysis, 40% of users and 40% of care companies are interested in obtaining SelfMed to simplify the complex medication management and prescription regimen for the end user.