What You Should Know: 2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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GoodRx
SmartRx Launches Prescription Discount Cards, with Premium Savings Options
What You Should Know: - Higher prices across most health-related goods and services have consumers reeling to find better options to save money. - Starting today, these consumers have access to SmartRx, the newest prescription discount card. While designed to compete directly with GoodRx, SingleCare, Carecard, SmartRx(a division ofSmarty) acts as a premium health savings that goes beyond prescription drugs. Offering Consumers a One-Stop For Premium Health Savings On
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Wheel Acquires GoodRx Care Backend Tech for $19.5M
What You Should Know: - Virtual care company Wheel acquires GoodRx Care’s backend virtual care technology, including its clinician-centric EMR, powerful clinical management tools, and flexible patient experience software for $19.5M in cash. - As part of the acquisition, Wheel will integrate GoodRx Care’s underlying technology to expand its existing virtual care platform capabilities and GoodRx will continue to own the consumer-facing GoodRx Care website and mobile app. GoodRx will continue
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Drug Price Transparency: Planning for Change
Currently, some 22 states have enacted prescription drug transparency laws that require entities across the drug supply chain to report pricing information to state officials. Designed to shed light on the true cost of drugs and to ensure that consumers and insurers aren’t being gouged, drug pricing transparency laws seek to level the playing field by delivering greater visibility into drug costs. And given the fact that prescription drug prices continue to increase, the topic of drug price
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GoodRx Acquires Pharmacy Services Platform VitaCare for $150M
What You Should Know:- GoodRx announced that it will acquire vitaCare Prescription Services, a tech-enabled pharmacy services platform that expands GoodRx’s offering to pharma manufacturers while improving patient access and adherence to affordable brand drugs. - Over 500 million brand prescriptions are written every year, yet only half are ever filled. This acquisition will give GoodRx the tools we need to help address this problem and facilitate the brand
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Wheel Integrates with GoodRx for Real-Time Medication Pricing & Discounts
What You Should Know: - Wheel, the digital health company putting great care within everyone’s reach, today announced a new integration with GoodRx, America’s digital resource for healthcare, to help people save on their prescription costs and follow their treatment plans. Now Wheel clients and their millions of patients can seamlessly access discounts on medications at more than 70,000 pharmacies nationwide. One-third of US residents have trouble paying their medical bills and turn to
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HIMSS21 Day 1 Roundup: Google Cloud, Salesforce, Zoom, Philips, GE Healthcare, GoodRx
Google Cloud Unveils New Research examining COVID-19’s Acceleration of Innovation in Healthcare Google Cloud revealed new research unveiling the impact of COVID-19 on reshaping technology’s role in healthcare. This research is the second phase of research that Google Cloud published in July, showcasing how critical data interoperability is in improving patient outcomes. The research reveals healthcare organizations accelerated technological upgrades over the course of the pandemic. After
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GoodRx and Surescripts Brings Real-Time Drug Discount Pricing in EHRs
What You Should Know: - Today, GoodRx announced an exclusive agreement with health information network Surescripts to deliver real-time drug discount price information for prescriptions in Surescript’ price transparency solution. - Surescripts is a nationwide network that connects virtually all EHRs, pharmacies and health systems, enabling providers to view patient-specific benefit and cost information and then electronically prescribe a medication. Last year, nearly 2 billion electronic
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GoodRx Acquires HealthiNation to Expand Offering to Manufacturers
What You Should Know: - GoodRx just announced the acquisition of HealthiNation, a leading producer of original health videos, as part of its continued investment in delivering high-quality content and information, and expanding its offering to pharmaceutical manufacturers. Financial details of the acquisition were not disclosed. - GoodRx works with manufacturers to deliver affordability solutions such as co-pay cards, patient assistance programs, and other savings options directly to
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GoodRx Adds Telehealth, Mail Order to Subscription Program
What You Should Know: - GoodRx, today announced the addition of telehealth and mail order benefits to its subscription program, GoodRx Gold. - GoodRx Gold Savings Program members can now receive exclusive discounts on online doctor visits and free mail delivery via the GoodRx app, in addition to the exclusive lower prices on prescription drugs that are already available. - Using the 5-star rated GoodRx app, GoodRx Gold members can now see a licensed healthcare provider to receive
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