GoodRx Provider Mode Was Developed with AssistRx
Michael Hemsworth — September 10, 2023 — Lifestyle
References: goodrx & drugstorenews
GoodRx Provider Mode has been developed with AssistRx as a feature that will enable healthcare professionals to maximize the savings for their patients in a one-stop manner. The feature helps providers to compare the prices between insurance and cash, while also taking manufacturer savings programs into account where additional reductions in cost could be achieved. The real-time nature of the feature means providers can deliver eligible patients with the information right away to know what their best option is.
Executive Medical Director Preeti Parikh spoke on the GoodRx Provider Mode saying, "Compiling prescription insurance pricing information and affordability solutions such as coupons and manufacturer savings has been a significant pain point for providers. It is time-consuming, and since the information is so fragmented, we often can’t get a holistic view of pricing despite our best efforts. We are confident that healthcare professionals will appreciate both the transparency and the efficiency that real-time benefit check provides to see all affordability options in one place.”
Executive Medical Director Preeti Parikh spoke on the GoodRx Provider Mode saying, "Compiling prescription insurance pricing information and affordability solutions such as coupons and manufacturer savings has been a significant pain point for providers. It is time-consuming, and since the information is so fragmented, we often can’t get a holistic view of pricing despite our best efforts. We are confident that healthcare professionals will appreciate both the transparency and the efficiency that real-time benefit check provides to see all affordability options in one place.”
Trend Themes
1. Real-time Benefit Check - The development of GoodRx Provider Mode with AssistRx allows healthcare professionals to compare prices between insurance and cash in real-time, providing a one-stop solution for maximizing patient savings.
2. Manufacturer Savings Programs - GoodRx Provider Mode incorporates manufacturer savings programs into its platform, offering additional cost reductions for patients and presenting new opportunities for healthcare professionals to optimize affordability.
3. Transparency and Efficiency - The real-time nature of GoodRx Provider Mode offers healthcare professionals a transparent and efficient way to access prescription insurance pricing information and affordability solutions, addressing the fragmented nature of such data.
Industry Implications
1. Healthcare Technology - The development of real-time health benefit platforms like GoodRx Provider Mode presents disruptive innovation opportunities for healthcare technology companies to streamline and integrate pricing information, affordability solutions, and savings programs.
2. Pharmaceuticals - The incorporation of manufacturer savings programs in platforms such as GoodRx Provider Mode opens up disruptive innovation opportunities for pharmaceutical companies to enhance their patient assistance programs and optimize drug affordability.
3. Insurance - The integration of real-time benefit check features in platforms like GoodRx Provider Mode creates disruptive innovation opportunities for insurance companies to better understand pricing dynamics and maximize cost savings for their policyholders.
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