GoodRx, well-recognized for its price comparison service for prescription medications, has introduced a new complimentary feature known as “Medicine Cabinet.” This tool will enable users of the GoodRx app to efficiently manage their prescription drugs all in one place. This development follows recent news of the firm’s collaboration with CVS Health to create the Caremark Cost Saver, potentially reducing customers’ out-of-pocket pharmaceutical expenses.
The Medicine Cabinet function will seamlessly integrate with the existing GoodRx app, featuring a “prescriptions dashboard” where users can schedule refill reminders and discover pharmacies offering their prescriptions at the lowest prices. Core to the application are daily, customizable pill reminders for any uploaded treatment plan. GoodRx’s Chief Product Officer, Mark Hull, highlighted the importance of the reminder feature, citing that half the time, Americans have difficulty adhering to their medication schedule due to reasons such as forgetfulness or cost.
Medicine Cabinet also comprises a dashboard for the GoodRx rewards program, providing users with monetary benefits like e-gift cards for timely medication refills. Hull mentioned that “Nobody’s integrating or rewarding people for having those healthy habits.”
He explained further that their successful approach combines discounts, value, and rewards with fundamental health habits and reminders. By teaming up with pharmacy benefits managers, GoodRx can offer consumers potential savings of up to 80% on prescription drugs. Discounts of this magnitude would typically be inaccessible to average consumers without intermediaries like GoodRx.
The Medicine Cabinet feature, only under development for around six months, will be available on iOS, with Android compatibility yet to come.
The swift development of Medicine Cabinet has been facilitated by the wealth of data GoodRx has gathered from users and providers over the past decade. Hull pointed out the advantage GoodRx has over startups in this regard, with its extensive data, retail relationships, and established customer base built over 12 years.
Despite the successful launch, Hull expressed a wish that Medicine Cabinet could have been developed earlier, recounting the struggle his stepfather faced in managing numerous medications post-heart attack. He emphasized how managing multiple medications can be overwhelming for many, hence the need for a tool like Medicine Cabinet to simplify the process.
In future, Hull envisions Medicine Cabinet becoming more user-friendly for older individuals, including features like medication photo uploading to bypass manual database searches.
Frequently Asked Questions (FAQs) about GoodRx ‘Medicine Cabinet’
What is GoodRx’s new feature called and what does it do?
The new feature by GoodRx is called ‘Medicine Cabinet.’ It allows users to manage their prescription medications on a single platform. It features tools like a “prescriptions dashboard” for setting up refill reminders, finding the best pharmacies for the lowest priced medications, and customizable daily pill reminders.
Will the new feature be available on Android?
As of the current update, the Medicine Cabinet feature will be available on iOS, but not on Android. However, it’s possible that an Android version may be introduced in the future.
What is the benefit of GoodRx’s rewards program included in the Medicine Cabinet feature?
The GoodRx rewards program offers users monetary perks like e-gift cards for staying on top of their medication refills, promoting healthy habits of regular medication intake.
How can GoodRx help consumers save on prescription drugs?
GoodRx, by partnering with pharmacy benefits managers, claims it can save consumers up to 80% off the price of prescription drugs, which would normally not be accessible without intermediaries like GoodRx.
Has GoodRx had any data privacy issues in the past?
Yes, GoodRx has faced legal issues related to data privacy. Earlier this year, they were fined by the Federal Trade Commission for unauthorized sharing of customers’ identifiable health information with third parties like Facebook and Google. However, they have reassured that they are committed to transparency and adherence to privacy policies.