GiftHealth utilizes a technology platform that automates prescription processing by selecting partner pharmacies based on pricing and proximity, while electronically verifying benefits and applying available discounts. This approach addresses the complexities of prescription care, ensuring patients receive their medications efficiently and at lower costs across the U.S.
Funding
$10.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EPFounders
Product
Problem
Patients often face challenges in obtaining affordable prescription medications due to complex pricing structures, lack of transparency, and administrative burdens associated with insurance verification and discount application. Prescribers also spend significant time on administrative tasks related to prescriptions, taking away from patient care.
Solution
GiftHealth offers a technology platform designed to streamline the prescription process, ensuring patients receive medications efficiently and at reduced costs. The platform automates prescription routing to partner pharmacies based on pricing and proximity, while also performing electronic benefit verification to determine copay options. It automatically queries electronic databases for available discounts and applies them to prescriptions. The platform also handles prior authorizations electronically when needed, reducing administrative burdens for prescribers and improving patient access to necessary therapies.
Target Audience
The primary target audience includes patients seeking affordable prescription medications, prescribers aiming to reduce administrative tasks, and manufacturers looking to improve patient access to their therapies.
Features
- Automated prescription routing based on price and proximity to optimize costs and delivery.
- Electronic benefit verification to determine patient copay options in real-time.
- Automatic application of available discounts identified through electronic database queries.
- Electronic submission of prior authorizations to expedite the approval process.
- Streamlined prescription management for prescribers, reducing administrative workload.
- Integration with a network of partner pharmacies across the U.S.