Why is GoodRx so cheap?

Asked by: Noe Marvin  |  Last update: March 16, 2023
Score: 4.7/5 (4 votes)

PBMs typically require pharmacies to accept discount cards to remain in the PBM's pharmacy network. That's why a consumer without insurance saves money by having access to a PBM's network rate, which is lower than the cash price. GoodRx provides a convenient and user-friendly interface for finding these PBM rates.

Why are drugs cheaper with GoodRx?

GoodRx does not negotiate or set any medication prices. For GoodRx coupons, prices are negotiated between pharmacies or pharmacy purchasing groups and PBMs. GoodRx partners with PBMs to display the contracted price at each pharmacy.

How does GoodRx actually make money?

GoodRX makes part of its revenue by collecting fees from the pharmacy benefits managers, or PBMs, it works with when consumers present their GoodRx coupon at the pharmacy.

Does GoodRx actually save money?

How Much Can You Really Save With GoodRx? GoodRx says it can save consumers up to 80% off the price of prescription drugs. From my experience, the app does a great job of highlighting $4 generics and even medications that are 100% free!

Is GoodRx a gimmick?

Is GoodRx Legit or Scam? GoodRx is legit. With GoodRx discount cards or discounts through their mobile app, they've helped people save up to 80% on their medications, whether they have insurance or not.

How GoodRx works

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How credible is GoodRx?

The GoodRx mobile app has average 4.8 star ratings on both the iTunes and Google Play stores, with over half a million reviews combined. GoodRx is also the number one medical app on iTunes. In addition, our customers often share their experiences on social media platforms and online forums.

Who pays for GoodRx prescriptions?

The PBM collects a per-prescription fee from the pharmacy whenever a consumer uses a discount program at a pharmacy. The PBM shares a portion of this fee with GoodRx, which directed the patient to the pharmacy. The GoodRx team has built and scaled a robust platform for monetizing the three steps above.

Who runs GoodRx?

The Santa Monica, California-based startup was founded in September 2011 by Trevor Bezdek and former Facebook executives Doug Hirsch and Scott Marlette. Marlette was one of the first 20 employees at Facebook and built Facebook's photo application.

Who are GoodRx competitors?

Best GoodRx Alternatives
  • Blink Health.
  • Pharmacy Checker.
  • Optum Perks.
  • SingleCare.
  • WellRx.
  • Costco MPP.
  • SaveonMeds.
  • RxSavings Plan.

How much does GoodRx cost per month?

GoodRx Gold is a monthly membership program that provides dramatic discounts on prescription drugs and healthcare services for you and your family. For $9.99/month, GoodRx Gold membership provides exclusive access to low drug prices for individuals.

Can you use GoodRx at Walmart?

GoodRx discounts are still accepted at Walmart and Sam's Club. If you have issues using a GoodRx discount at a Walmart or Sam's Club, please have the pharmacist call 1-866-921-7286. Thanks!

What is better GoodRx or SingleCare?

Bottom Line. In terms of price, SingleCare beat out GoodRx with nearly every medication we searched for. Even if you were to pay for the GoodRx Gold subscription, SingleCare still often offers the lower price.

What's the story with GoodRx?

In 2010, Doug tried to fill an alarmingly expensive prescription from a doctor, and decided to shop around for a lower price. He quickly realized that Americans lacked a one-stop destination for prescription discounts and prices. That experience was the spark that started GoodRx.

Is GoodRx FDA approved?

GoodRx lists virtually all FDA-approved prescription medications, including brand-name and generic drugs; we even list vaccines! GoodRx cards and coupons never expire and can be used as often as necessary. Over 325,000 professionals recommend GoodRx to educate and empower their patients.

What does Rx stand for?

Rx is commonly known to most as the symbol for a medical prescription. However, the symbol is derived from the Latin word recipe or “recipere,”which means to take. The word was later abbreviated and became Rx as we know it today.

Can I use GoodRx if I have Medicare?

While you can't use GoodRx in conjunction with any federal or state-funded programs like Medicare or Medicaid, you can use GoodRx as an alternative to your insurance, especially in situations when our prices are better than what Medicare may charge.

Is GoodRx online prescription legit?

Over 5,000 reviews with an average 5-star rating

At GoodRx Care, we see a lot of people who are using telemedicine for the first time. And naturally, some people have some skepticism about getting their medical treatment online.

Is GoodRx Hipaa compliant?

However, HIPAA doesn't apply to GoodRx or many other “direct-to-consumer” websites and apps that provide health and pharmaceutical information.

Can I use GoodRx at Walgreens?

Current Walgreens Pharmacy Prices and Discounts

Use GoodRx to look up prices and discount coupons at Walgreens Pharmacy and save up to 80% on your prescriptions.

What is the cheapest way to get prescriptions?

10 Resources To Help You Save On Prescriptions
  • Work With Your Pharmacist. ...
  • Get Familiar with NeedyMeds and RXAssist. ...
  • Consider Generic Drugs. ...
  • Buy in Bulk: Get a Prescription for a 90-Day Supply. ...
  • Go Directly to the Drug Manufacturer for Discounts. ...
  • Grab a Free Prescription Savings Card. ...
  • Use an Online Mail-Order Pharmacy.

Is GoodRx better than Part D?

GoodRx can also help you save on over-the-counter medications and vaccines. GoodRx prices are lower than your Medicare copay. In some cases — but not all — GoodRx may offer a cheaper price than what you'd pay under Medicare. You won't reach your annual deductible.

Does CVS match GoodRx prices?

CVS Pharmacies in California

Use GoodRx to look up prices and discount coupons at CVS Pharmacy and save up to 80% on your prescriptions. Just search for your medication and we will show you the cost at various pharmacies near you along with free coupons to save you money.

Is Rx pharmacy coupons legit?

Prescription discount cards can be a legitimate way to save on prescriptions. These cards are typically offered by companies who negotiate with participating pharmacies and pharmaceutical manufacturers to provide discounts on prescription drugs for people who self-pay (100% out-of-pocket) for medications.

Does Costco accept GoodRx?

Current Costco Pharmacy Prices and Discounts

Use GoodRx to look up prices and discount coupons at Costco Pharmacy and save up to 80% on your prescriptions.