Careteq Limited (ASX:CTQ) Announces Strategic Partnership with MedicAlert Foundation
Strategic Partnership
Careteq Limited (ASX: CTQ) has entered a strategic partnership with MedicAlert Foundation Australia to improve health outcomes for Australians with complex medical conditions. The collaboration combines MedicAlert’s medical identification services with Careteq’s medication management expertise.
Addressing Medication Safety
The partnership targets medication-related harm, a significant issue as one in two older Australians takes five or more medications, with an 88% likelihood of adverse drug reactions. Recent data indicates only 5.4% of Australians aged 75 and older received necessary medication reviews, leaving over 500,000 at-risk individuals without proper medication management.
Executive Comments
Chris Radbone, CEO of MedicAlert Foundation Australia, stated, “This partnership represents a significant step forward in our mission to protect Australians with chronic health conditions. By combining our emergency identification services with Careteq’s medication management expertise, we’re creating a more comprehensive safety net for our members.”
Mark Simari, Executive Chairman of Careteq, added, “Our partnership with MedicAlert aligns perfectly with our goal of preventing medication-related harm. By raising awareness of the benefits of HMRs, we hope to enhance health outcomes for all Australians.”
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