Prescryptive Health Joins the Alliance

This month, we’re excited to welcome Prescryptive Health, Inc. as the newest member of the Alliance.

About Prescryptive Health, Inc.

Prescryptive, a new company that launched on January 1, 2019, is looking to put the prescription drug purchasing power in the hands of patients. CEO and co-founder Chris Blackley says Prescryptive has the potential to transform “the largest and fastest growing component of health care benefits expense.” Blackley estimates that there is $100 billion in excess cost in the prescription drug market each year and wants to shed light on how the industry works, in particular, pricing, profits, and rebates.

Currently, when a patient gets a prescription, it’s impossible to know whether it’s covered by insurance and the out-of-pocket cost sharing until it gets picked up at the pharmacy. Blackley says that’s a problem. So big, in fact, that 10% of all prescriptions are abandoned at the pharmacy counter because patients can’t afford them. These patients often end up back at the doctor or the hospital. Prescryptive wants to change that by letting consumers know whether it’s covered and are their options available, prices in different pharmacies, and generic options, all by looking at their phone or other mobile device before they show up at the pharmacy.

Blackley says they will be reaching out to small to medium self-insured employers first, but this could benefit companies of all sizes in helping their insured take charge of their prescription drugs. Learn more about Prescryptive here.

Posted in: Members, Members Only

Published: February 26, 2019

About Washington Health Alliance

The Washington Health Alliance is a place where stakeholders work collaboratively to transform Washington state’s health care system for the better. The Alliance brings together organizations that share a commitment to drive change in our health care system by offering a forum for critical conversation and aligned efforts by stakeholders: purchasers, providers, health plans, consumers and other health care partners. The Alliance believes strongly in transparency and offers trusted and credible reporting of progress on measures of health care quality and value. The Alliance is a nonpartisan 501(c)(3) nonprofit with more than 185 member organizations. A cornerstone of the Alliance's work is the Community Checkup, a report to the public comparing the performance of medical groups, hospitals and health plans and offering a community-level view on important measures of health care quality (www.wacommunitycheckup.org).

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