This company provides a platform that aggregates prescription drug prices, including cash discounts and insurance options, to show patients the lowest personalized cost. By offering a comprehensive view of pricing, the platform helps consumers in Florida find affordable prescription medications.
Funding
$50K 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
Patients face challenges in accessing affordable prescription medications due to a lack of transparency in drug pricing and the complexity of navigating cash discounts, insurance options, and pharmacy benefit programs. This opacity makes it difficult for consumers and employers to identify the lowest available prices and optimize their prescription spending.
Solution
Peek Meds offers a prescription marketplace that aggregates real-time pricing data from various sources, including cash discount programs, insurance plans, and biopharma manufacturer copay offset programs, to provide users with a comprehensive view of their cost options in one place. The platform integrates with existing benefits platforms and operates independently from Pharmacy Benefit Managers (PBMs), offering unbiased results and enabling users to shop for the best prices at chain, grocery, and independent pharmacies. By clarifying cost options and promoting transparency, Peek Meds empowers members and employers to make informed decisions, reduce prescription expenses, and improve medication access and adherence. The platform also facilitates direct contracting with biopharma companies, allowing employers to save even more on high-cost brand medications.
Target Audience
The primary target audience includes employers seeking to reduce prescription spending and improve employee benefits, as well as biopharma companies aiming to enhance patient access and affordability for their therapies.
Features
- Aggregates multiple cash discount programs to maximize savings opportunities
- Displays prices from chain, grocery, and independent pharmacies for comprehensive comparison
- Integrates patient insurance out-of-pocket costs for personalized pricing
- Operates independently from PBMs to provide unbiased results
- Offers cash claim reporting for transparency and accountability
- Seamlessly embeds into existing benefits platforms for easy access
- Compliant with HIPAA standards, ensuring data security and privacy
- Facilitates direct contracting with biopharma for reduced pricing on brand medications