The startup offers a pharmacy management platform that provides medications at true acquisition prices, eliminating mark-ups for employers and co-pays for employees. This approach enhances medication management, improves patient care, and lowers overall pharmacy benefit costs.
Funding
$980K 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.
Founders
Product
Problem
Many employer-sponsored pharmacy benefit plans incentivize higher drug prices and frequent dispensing, leading to increased costs for both employers and employees. Traditional pharmacy benefit managers (PBMs) often profit from markups on medications, resulting in high co-pays and access barriers for plan members. A lack of transparency in drug pricing further exacerbates these issues, making it difficult for employers to control pharmacy spend.
Solution
HaloScrips offers a value-based pharmacy benefit solution that provides medications to employees at true acquisition cost, eliminating markups and reducing or eliminating co-pays. The company aligns its incentives with employers by being compensated as a share of the savings generated, rather than profiting from higher drug costs. HaloScrips actively shops for better drug prices and passes the savings directly to plan members, ensuring they receive the right medication at the lowest possible price. Their concierge pharmacy team provides personalized medication management, coordinating with patients, doctors, and insurance companies to remove barriers to access and improve medication adherence.
Target Audience
HaloScrips primarily targets employers looking to reduce pharmacy benefit costs while improving employee access to medications and HR departments seeking to reduce the administrative burden associated with medication management.
Features
- Concierge pharmacy services providing 24/7 support via text, call, or email
- Coordination with patients, doctors, and insurance companies to streamline prescription management
- Acceptance of new prescriptions, dosage changes, and refills from multiple prescribers
- Clinical review of all prescriptions for drug interactions and appropriate dosing
- Proactive follow-up on prior authorizations
- Prescription transfers to maximize savings
- Refill synchronization and home delivery on a set schedule
- Safe RxReturn program for proper disposal of unused medications