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Due diligence of a retail pharmacy’s proposition to take up medical insurance as a payment option at its outlets

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A fast-growth retail pharmacy chain providing trusted pharmaceuticals to over 1.2 million at its 32 outlets, sought to engage with medical insurance companies and allow its clients to pay for healthcare using medical insurance. E&K:

  1. Developed and appraised a business case for the pharmacy chain to take up medical insurance as a payment option
  2. Conducted feasibility studies to inform decisions to take up medical insurance
  3. Developed financial models to simulate the performance and return on investment of the medical insurance proposition
  4. Supported the development and assessment of IT infrastructure, pharmacy formularies and pricing structures of the pharmacy chain
  5. Supported the pharmacy chain to pitch to insurance companies and secure empanelment

Impact:

- Piloting of the medical insurance proposition currently underway

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