Rescription is a platform that utilizes patent-pending technology to automatically identify the lowest available prices for prescription drugs across various pharmacies, achieving savings of 20-40% compared to traditional Pharmacy Benefits Managers. The service eliminates unnecessary restrictions and prior authorizations, ensuring members have direct access to affordable medications without compromising their benefits.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional Pharmacy Benefit Managers (PBMs) often prioritize their own profits, leading to higher prescription drug costs for consumers through opaque pricing and incentives that are not aligned with patient needs. Common PBM tactics, such as utilization management and prior authorizations, can restrict access to necessary medications.
Solution
Rescription offers a platform that leverages patent-pending technology to automatically identify the lowest available prices for prescription drugs across a network of pharmacies, including health system partners. By directly accessing lower prices, Rescription aims to reduce prescription costs by 20-40% compared to traditional PBMs. The platform eliminates unnecessary restrictions and prior authorizations, ensuring members have direct access to affordable medications without compromising their benefits. Rescription aligns its incentives with clients by not profiting from increased spending on prescription drugs.
Target Audience
Rescription's primary customers are employers, health plans, brokers, and consultants seeking to reduce prescription drug costs for their members and clients while maintaining or improving access to medications.
Features
- Automated price comparison across a network of pharmacies to identify the lowest available prices.
- Direct access to lower prices negotiated with health system partners.
- Elimination of unnecessary utilization management and prior authorizations.
- Transparent pricing model that aligns incentives with client needs.
- myRescription member login for easy access to prescription information.