
Rx Save Card
Lowering prescription costs for employees with employer-funded Rx Save Cards accepted at over 65,000 pharmacies.
Date | Investors | Amount | Round |
---|---|---|---|
* | $1.7m | Seed | |
Total Funding | 000k |
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Rx Save Cards operates in the healthcare and pharmaceutical industry, focusing on reducing prescription drug costs for employees through employer-funded cards. The company targets employers who want to provide their employees with lower out-of-pocket costs for medications without altering their existing Pharmacy Benefit Manager (PBM) contracts. By funding a set amount on the Rx Save Card each month, employers enable their employees to access the lowest prices on medications at over 65,000 pharmacies, including online programs like Mark Cuban Cost Plus Drugs. Unused funds roll over, ensuring that employers only replenish what has been spent. This model benefits both employers and employees by offering significant savings on generic and biosimilar drugs, bypassing the traditional PBM system. Rx Save Cards generates revenue through employer subscriptions and possibly transaction fees. The business primarily serves employers, employees, and pharmacies, operating within the U.S. healthcare market.
Keywords: prescription costs, employer-funded, Rx Save Cards, pharmacies, PBM, generic drugs, biosimilar drugs, healthcare savings, employee benefits, cost reduction.