RazorMetrics

RazorMetrics is a healthcare technology company based in Austin, TX, focused on reducing prescription drug costs for self-funded companies, health plans, and their members. The company leverages advanced data analytics to identify waste and potential savings in prescription drug spending. Clients include large employers and health plans who benefit from detailed insight reports that highlight specific areas of excess spend. RazorMetrics operates in the healthcare cost containment market, utilizing a business model that integrates its solution into existing benefit management platforms and other health technology applications. Revenue is generated through partnerships and service fees for the cost-saving insights provided. The company has achieved SOC2 Type II certification, ensuring the highest level of data security and compliance. RazorMetrics is part of the Partnership Collective, a group of health technology companies aimed at drug cost reduction.

Keywords: prescription drug costs, data analytics, healthcare technology, self-funded companies, health plans, cost containment, insight reports, SOC2 Type II, Partnership Collective, Austin TX.