NHS-integrated app completes seven-figure funding round to ‘save pharmacies’

Charac, a London based, NHS-integrated pharmacy app, has raised £1.2m in debt and equity financing jointly from the National Pharmacy Association (NPA) and pharmacy owners, bringing total funding to date to £2.5m.

With almost two pharmacies a week closing over the past two years the pharmacy sector is close to a state of crisis. There are now only 11,026 community pharmacies in England, according to data from the NHS Business Services Authority, the lowest number since 2015.

Rising operational costs, staff shortages and reduced government financial support have all been blamed. This comes at a time when pharmacies will soon be under further pressure because of the Government’s planned Pharmacy First approach.

Under the new approach, patients suffering various ailments, such as sore throats or shingles, will be sent to local pharmacies first instead of GPs. This includes the announcement that pharmacists will soon be given scope to prescribe medications, including antibiotics, for select conditions that have typically been the preserve of GPs.

Charac founder Santosh Sahu commented: “Longer-term this is good news, but right now many pharmacies are focusing more on survival and will struggle to fulfil the new expanded role planned for them by the Government.

“So many of Britain’s pharmacies are just not in the position they need to be to pick up the extra scope. We intend to help significantly improve the health of community pharmacies and enable them to play the larger role that is expected of them.”

Charac is an app specifically designed to relieve time pressure, increase efficiency, and help drive the growth of community pharmacies, as well as boost appreciation of their services. The results of a recent UK-wide survey by Charac revealed that only 13 per cent of people are aware of the full range of services on offer at their local pharmacy.

By increasing community pharmacies’ online capabilities, Charac is determined to boost this and increase the take up of services that pharmacies provide, while at the same time making it easier for pharmacies to more effectively supply them.

Charac’s approach to patient engagement and its focus on the digitalisation of the sector as a key initiative to improve its prospects is increasingly being welcomed and adopted by a growing number of pharmacies. Already, over 400 pharmacies have signed onto the app and that is forecast to rise to 2,000 in 2024.

The app allows pharmacists to manage repeat prescriptions, access patient records, create bookings and conduct consultations. Currently there are around 25,000 patients using Charac’s platform and that’s projected to rise to 100,000 by the end of its financial year.

By Matthew Neville – Senior Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.