A startup working with 200 pharmacies is trying to break into the hyper-competitive drug delivery business and give elderly Americans cheaper medications

México Noticias Noticias

A startup working with 200 pharmacies is trying to break into the hyper-competitive drug delivery business and give elderly Americans cheaper medications
México Últimas Noticias,México Titulares
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

The pharmacy startup ZipDrug is creating a pharmacy network to provide cost effective drug options for seniors and delivering right to their door.

wanted to do something about the long wait times at pharmacies. He thought there must be an easier way to pick up prescription drugs.

"I wanted to address two key issues," Libby told Business Insider."How can we improve access and cost to prescription medication?" Since ZipDrug decided to pair only with Medicare Advantage around two years ago, Libby said the company has undergone"exponential growth." He said the company now works with health plans that cover a total of 200,000 members. Still, that's a relatively small consumer base, compared with theSince the company was founded, it has raised $14.8 million. Libby said it plans to raise $5 million more this year, to support recent growth. Its last funding round brought in $10.

The ZipDrug pharmacy then finds cheaper options of the same drug and also informs customers of cost-saving alternative therapies. "I wonder from a growth perspective will ZipDrug be able to break into larger plans for people, growing into a large share of Medicare Advantage plans," Manoogian said."Can they compete with these behemoth plans?"Libby said the goal of ZipDrug is to offer a range of options to Medicare Advantage members from different independent pharmacies.

The platform, called Care Control, integrates pharmacies into the ZipDrug software, and allows ZipDrug to be integrated into the pharmacies' phone systems. When a patient agrees to be matched up with a pharmacy, the patient enrollment team connects the patient and the new pharmacy for the enrollment call.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

BusinessInsider /  🏆 729. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Dow opens with 200 point gain after Trump says China interested in trade talksDow opens with 200 point gain after Trump says China interested in trade talksU.S. stocks opened higher on Monday after President Donald Trump said Beijing was interested in going back to the negotiating table, bolstering hopes for an...
Leer más »

'Straight Pride' rally in California draws 20 attendees, 200 counter-protestors'Straight Pride' rally in California draws 20 attendees, 200 counter-protestorsThe community 'is standing together to reject this group and what they represent,' said Max Reed of the Modesto Non-Violent Collective.
Leer más »

Veteran Film Buyer Bob Lenihan Exits AMC TheatresVeteran Film Buyer Bob Lenihan Exits AMC TheatresHe has been working in the movie business for more than four decades.
Leer más »

'Breaking Bad' movie looks to focus on hunt for Jesse Pinkman'Breaking Bad' movie looks to focus on hunt for Jesse PinkmanAfter confirming a rumored 'Breaking Bad' film was in the works, Netflix debuted the trailer for 'El Camino: A Breaking Bad Movie' on Saturday.
Leer más »

U.S. attorney indicts Fountain Valley clinic employee, Costa Mesa man on federal drug chargesU.S. attorney indicts Fountain Valley clinic employee, Costa Mesa man on federal drug chargesA physician assistant who worked at a Fountain Valley clinic was arrested Tuesday on an 11-count federal indictment detailing charges related to prescribing oxycodode without a medical purpose to drug dealers.
Leer más »

Taylor Swift Calls Out Trump's White House During 2019 MTV VMAsTaylor Swift Calls Out Trump's White House During 2019 MTV VMAsAnd the hilarious moment John Travolta tried to give her award to a drag queen look-alike.
Leer más »



Render Time: 2025-03-21 05:09:07