Pharmapod
Pharmapod is an award winning cloud-based platform to reduce Medical Error in hospitals and community pharmacies Worldwide.
- Stage Full Product Ready
- Industry Software
- Location Dublin, Ireland
- Currency EUR
- Founded January 2014
- Employees 8
- Incorporation Type Other
- Website pharmapodhq.com
Company Summary
Pharmapod is solving one of the biggest problems in healthcare today - Medical Errors.
In the US alone, Medical Errors is the 3rd largest cause of death and $50 billion is spent unnecessarily on resulting treatment and on litigation costs. Between 5% and 8% of all hospital admissions globally stem from medication errors at a significant preventable cost to the payers.
Pharmapod have developed cloud based technology for roll out across retail pharmacies and Hospitals worldwide. It’s a SaaS licence/business model with monthly recurring revenue (though majority of the larger organisations pay annually and up front - good for cash flow).
In 24 months we have built the system and have launched in IRL and the UK markets. We have 524 pharmacies paying to use the system (including some of the UKs best-known brands such as Superdrug). We have 100% retention to date.
UNIQUE: Our software is a global first at aggregating this unique data. In 5 years time Pharmapod will be the GO-TO source of error and risk data Globally for Government Agencies, Pharmaceutical Manufacturers, The Healthcare Sector. Pharmapod will be an outlier in terms of data revenues (data revenue stream not included in projections).
Our team and Board include some of the best known figures in Irish and UK pharmacy including the former Pharmacy Director of Boots (now merged with Walgreens) and President of the PSI (Pharmacy Regulator). Our CFO is a former president of the ACCA (professional accountancy body) and our Chairman is formerly MD of Accenture IRL.
Team
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CEOLeonora has 20 yrs experience in pharmacy practice, policy development and regulatory affairs at national & EU level. She is one of 11 members of the National Pharmacist Reference Group tasked with creation of national strategy for the pharmacy profession. Previous roles include Chief Pharmacist for Unicare/DocMorris group; European Manager of Pharmacy Services, Celesio AG, Germany and Governance Consultant for the PSI – the Pharmacy Regulator.
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Mary Rose BurkeBoard Member & ShareholderMary Rose is currently Director of Strategy, International & Corporate Affairs at IBEC (Irish Business & Employers Confederation) having been Director of Pharmacy and Superintendent Pharmacist of Boots IRL for the previous 9 yrs. Mary Rose has valuable expertise on route to market strategy and is an influencer in the Irish and UK markets having had responsibilities within Alliance Boots UK. Mary Rose is currently on the PSI Council (Regulator).
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Rajesh PatelBoard Member and ShareholderRaj has been awarded the MBE by Her Majesty the Queen for his services to pharmacy. He has served on the boards of the Pharmaceutical Services Negotiating Committee and National Pharmacy Association (NPA), UK where he served as Chairman in 2006. He is presently President of the Pharmaceutical Group of the European Union (PGEU) and also a non-executive director of NPA Insurance Company.
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Mark KearnsBoard MemberOver 25 years of experience in management and leadership of technology businesses with a particular background in cloud-based software and SaaS.
Mark has experience in senior management of multinational and early stage companies across the UK, US and Ireland.
Recipient of the dotnet visionary award for “Outstanding personal contribution to the technology ecosystem.” -
Board Member and InvestorPaddy is a Pharmacist and an investor with extensive experience in business strategy, financial restructuring and corporate governance.
With experience as a pharmacy owner and superintendent pharmacist, Paddy has also held non-executive directorships in Amdipharm Limited and United Drug. -
Paul FaheyBusiness DevelopmentPaul is a qualified pharmacist and health informatics expert and is a well-known figure in the pharmacy sector, having served as the President of the Pharmaceutical Society of Ireland from 2011-2013. Paul has been a pharmacy owner for 25 years and has completed an MSc. in Health Informatics from Trinity College Dublin.
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CFO/COOAnne served as President of ACCA Ireland (national accountancy body) in 2014/2015. A qualified accountant with exceptional experience in business areas: Finance, Operations, HR and Managing Director. Anne was part of the NeedaHotel.com management team that grew a small business to a €100m turnover business. She was a Non-Executive Director of Adare plc and a member of the Media Cube Advisory Board of Dun Laoghaire IADT.
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CTOTerry has over 20 years technology management and leadership experience in various sectors with a particular background in SAAS and Cloud technologies. Terry has held senior management positions in both multinationals and early stage companies in the UK and Ireland. Terry is passionate about product development and systems design, building products that have a transformative impact on business value.
Advisors
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Philip Lee (www.philiplee.ie)LawyerUnconfirmed
Previous Investors
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Enterprise Ireland (EI client)Unconfirmed
National Digital Research Centre (NDRC)Unconfirmed
Leonora O'Brien, Leo O'BrienUnconfirmed -
Raj PatelBoard MemberUnconfirmed
Paul FaheyUnconfirmed -
Paddy DiganUnconfirmed
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