MedSource Group Limited
Pharmaceuticals - Nairobi, Nairobi, Kenya
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MedSource Group Limited is the first digital Med-Fin-Tech Group Purchasing Organization (GPO) in Kenya. Consider this: Patients in Africa spend more available income on medicines than anyone else, yet the medicine is difficult to access and when available, the quality is often substandard. Pharmaceutical intermediary margins in African countries can be as high as 90%, due to a highly fragmented landscape of dispensers, distributors and wholesalers.MedSource was incorporated as a private group purchasing organization (GPO) in 2017 to challenge this status quo. Management Sciences for Health leveraged over 40 years of global public health and supply chain experience to create MedSource, believing it could fill critical gaps in the pharmaceutical system related to pricing, pooled procurement of quality goods, use of technology, real-time data generation, access to inventory financing, tailored capacity building, expedited business-to-business brokerage, and transparent transactions, replete with counterfeit risk mitigation.Based in Kenya – a vital gateway for East Africa and beyond -- this technology-based company provides a user-friendly pharmaceutical procurement platform that delivers a vetted market to distributors; and negotiated prices, quality-tested medicines and supplies, and inventory financing to dispensers – down to the most remote community drug outlets in Kenya. This is critical because in Kenya, as in much of Africa, the community pharmacy is the first point of call for primary care for about 70% of patients and serves as a critical interface with the health system. It is at the community level that the impact of MedSource is evident: up to double-digit savings on medicines for customers; service from trained pharmacists and certified pharmacy technicians; and regular access to stocked supplies and quality-tested medicines.MedSource takes pride in being a source of quality, affordable drugs and medical supplies for vulnerable groups and situations
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