MedAdvisor Thrivor stake
LISTED digital medicines management company MedAdvisor has announced a new partnership with emerging “software-as-aservice” platform Thrivor, assisting patients and their support networks when dealing with a serious illness.
Thrivor comprises two key components: an administration portal to help hospitals and clinical trial sites to manage communications, appointments and payments; and an app which acts as a support tool for life outside a patient’s clinical care.
Under the collaboration MedAdvisor will receive a 5% stake in Thrivor as an upfront initial fee.
The companies said their goals were “highly complementary” in that they sought to leverage technology to provide convenience and improve the lives of patients.
The Thrivor app includes functionality to help keep track of medical expenses and records as well as maintaining a health wallet allowing family and friends to contribute financially for patients to pay for services as required.
Thrivor founder Justin McLean said, “The journey during serious illness of a patient is disjointed and intimidating,” with the firm’s technology helping address complex issues during this time.
“The Collaboration of MedAdvisor and Thrivor platforms is a nobrainer to deliver benefits for the patient and stakeholders in the health system,” he said.
MedAdvisor CEO Robert Read said the pact also broadened clinical trial opportunities by helping identify hard to reach eligible patients and manage compliance.