Patients Automatically Receive Information on Pricing of
Prescribed Medications, Including Cost Plus Drugs' Transparent
Pricing
DOVER,
Del., May 7, 2024 /PRNewswire/ --
Today, RxLink, a firm founded with the same commitment to
price transparency in prescription medicine as Mark Cuban Cost Plus
Drug Company, PBC (Cost Plus Drugs) announced a new collaboration
to connect patients of leading health systems with Cost Plus Drugs'
offering of safe medicines at the lowest possible price.
RxLink partners with health systems to deliver transparency to
patients. The RxLink MedMap™ automatically accounts
for a patient's insurance, third-party discount cards and
manufacturer offers to check for coverage and provide a lowest-cost
recommendation for each medication to patients via SMS and a web
portal. The MedMap™ now includes Cost Plus Drugs and has already
identified and surfaced over $162,000
in patient savings after only 3 months of including Cost Plus Drugs
pricing.
The Head of Strategic Partnerships at RxLink, JB Powell,
describes the relationship as "a natural way for two organizations
committed to ensuring access to safe, affordable medicines to work
together. There has never been a solution that allows patients to
easily understand exactly what their medications will cost before
they go to the pharmacy. If we identify ways to reduce
out-of-pocket costs, we connect the patient with them
automatically; those options would be incomplete without including
Cost Plus Drugs' low and transparent pricing. The added benefit is
that by working with health systems and other digital health
solutions, the savings are delivered by someone they can trust -
their doctor."
Through partnership with a broad range of medication savings
solutions, RxLink saves patients leveraging the platform an average
of over $100 per month on the
prescriptions they need. This builds up quickly across health
systems with high volumes of patients – many saving their patients
well over $1M per year.
"We are excited to work with RxLink to bring lower prescription
drug prices to consumers," said Alex
Oshmyansky, CEO of Mark Cuban Cost Plus Drug Company. "Cost
Plus Drugs and RxLink share a common goal of providing consumers
the lowest possible price for their prescription medication. With
Cost Plus Drugs, consumers can be confident they are getting a fair
price and the convenience of medication mailed directly to their
homes."
About Mark Cuban Cost Plus Drug Company: The Mark
Cuban Cost Plus Drug Company, PBC (Cost Plus Drugs) aims to
fundamentally change the way the pharmaceutical industry operates.
As a public-benefit corporation, its social mission of improving
public health is just as important as the bottom line. Cost Plus
Drugs transparently charges a standard markup on every drug it
sells. The costplusdrugs.com online pharmacy launched in
January 2022 now carries over 2,300
prescription products, delivered by mail to thousands of happy
customers every day. Customers can also go to participating retail
pharmacies to receive Cost Plus Drugs pricing through the Team
Cuban Card. Cost Plus Drugs is working with health plans,
managed-care organizations, pharmacy benefits managers (PBMs) and
self-insured employers to bring these same savings to
employer-sponsored benefit plans nationwide.
About RxLink: RxLink was founded by health care industry
pioneers who witnessed that the process of understanding
prescription benefit coverage and finding the best price for
medications, including taking advantage of existing patient support
and discount programs, was complicated and difficult to navigate.
They decided to do something about it by partnering with health
systems, payers, and employers to present options based on a
patient's particular situation in an understandable way. RxLink has
partnered with health systems to support medication affordability
and pharmacy growth, currently providing savings to patients in
over 30 states and US territories.
RxLink Media Inquiries:
partnerships@rxlink.com
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SOURCE RxLink Inc